Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(d) On May 12, 2022, the Board of Directors of Cabot, based on a recommendation
of the Board's Governance and Nominating Committee, elected Raffiq Nathoo a
director of Cabot and appointed Mr. Nathoo to the Board's Audit Committee, each
effective immediately. Mr. Nathoo will serve as a director in the class whose
term expires at the Annual Meeting in 2023.
There is no arrangement or understanding between Mr. Nathoo and any other person
pursuant to which he was selected to become a member of the Board, nor are there
any transactions between Mr. Nathoo and Cabot or any subsidiary of Cabot that
are reportable under Item 404(a) of Regulation S-K.
Mr. Nathoo will receive compensation for his service as a non-employee director
as described under the heading "Director Compensation" in Cabot's Proxy
Statement for the 2022 Annual Meeting of Stockholders, which description is
incorporated herein by reference. As part of such compensation, on May 12, 2022,
Mr. Nathoo received shares of Cabot common stock, par value $1.00 per share,
having a value as close as possible to $84,375 on such date, which amount was
calculated by prorating Cabot's annual stock grant for non-employee directors of
$135,000.
A copy of the press release announcing Mr. Nathoo's election is attached as
Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
99.1 Press Release issued by Cabot Corporation on May 12, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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