Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 9, 2022, Messrs. William G. Dempsey and Ricky C. Sandler, current
members of the Board of Directors ("Board") of Ashland Global Holdings Inc.
("Ashland") each decided to not stand for re-election, and to cease serving, as
a director at Ashland's next annual meeting of stockholders planned for January
24, 2023 ("Annual Meeting").
Also, on June 9, 2022, Ashland's Board of Directors ("Board") elected Ms. Suzan
F. Harrison and Mr. Steven D. Bishop to serve on the Board effective July 1,
2022, until the Annual Meeting. Ms. Harrison and Mr. Bishop will each enter into
Ashland's standard Director Indemnification Agreement and receive compensation
as a non-employee director in accordance with Ashland's non-employee director
compensation program described under the caption "Director Compensation" in
Ashland's definitive proxy statement on Schedule 14A filed with the U.S.
Securities and Exchange Commission on December 7, 2021. Under the non-employee
director compensation program, Ms. Harrison and Mr. Bishop will each receive an
annual grant of restricted stock units, prorated from the effective date of
their appointments until the next annual award in January 2023. Ms. Harrison and
Mr. Bishop are each expected to stand for election at the Annual Meeting. The
Board has not approved committee assignments for Ms. Harrison and Mr. Bishop at
this time. Ashland intends to file an amendment to this Form 8-K as the Board
approves such assignments.
A copy of the News Release issued on June 10, 2022, announcing the election of
Ms. Harrison and Mr. Bishop to the Board and the planned departure of Messrs.
Dempsey and Sandler, is attached to this Form 8-K as Exhibit 99.1 and
incorporated into this Item 5.02 by reference.
Item 8.01 Other Events.
On June 10, 2022, Ashland issued a News Release relating to the election of Ms.
Harrison and Mr. Bishop to the Board and the planned departure of Messrs.
Dempsey and Sandler.
A copy of the News Release is attached as Exhibit 99.1 to this Form 8-K and
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 News Release dated June 10, 2022.
104 Cover Page Interactive Data File (embedded with the Inline XBRL document).
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