International Flavors & Fragrances : Management Change - Form 8-K
September 27, 2022 at 06:06 pm EDT
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8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 27, 2022 (September 26, 2022)
INTERNATIONAL FLAVORS & FRAGRANCES INC.
(Exact Name of Registrant as Specified in its Charter)
New York
1-4858
13-1432060
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
521 West 57th Street
New York, New York
10019
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (212)765-5500
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-Kfiling is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencementcommunications pursuant to Rule 14d-2(b)under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencementcommunications pursuant to Rule 13e-4(c)under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock, par value 12 1/2 cents per share
IFF
New York Stock Exchange
1.75% Senior Notes due 2024
IFF 24
New York Stock Exchange
1.800% Senior Notes due 2026
IFF 26
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2of the Securities Exchange Act of 1934 (§240.12b-2of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective September 26, 2022, Beril Yildiz was appointed SVP, Chief Accounting Officer of International Flavors & Fragrances Inc. ("IFF") replacing Marc H. Birenkrant who has served as Interim Corporate Controller and Chief Accounting Officer since June 30, 2022.
Ms. Yildiz, age 44, has extensive experience in financial reporting and accounting. From April 2022 to present, Ms. Yildiz served as Vice President Americas Finance, Corporate Controller and Chief Accounting Officer at Revlon, Inc., and from September 2021 to March 2022 served as VP, Corporate Controller and Chief Accounting Officer. From 2019 to 2021, she served as Financial Controller, Asia Pacific Division at Colgate-Palmolive Company, and from 2018 to 2019 as Director of Financial Reporting, Technical Accounting and SOX Compliance. Previously, Ms. Yildiz was a Senior Manager at PricewaterhouseCoopers LLP.
There was no arrangement or understanding between Ms. Yildiz and any other persons, pursuant to which Ms. Yildiz was appointed as SVP and Chief Accounting Officer. There is no family relationship between Ms. Yildiz and any of IFF's other officers and directors, or person nominated or chosen by IFF to become a director or executive officer. Additionally, there has not been any transaction or currently proposed transaction, in which IFF was or is to be a participant and the amount involved exceeds $120,000, and in which Ms. Yildiz had or will have a direct or indirect material interest since the beginning of IFF's last fiscal year.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INTERNATIONAL FLAVORS & FRAGRANCES INC.
By:
/s/ Jennifer Johnson
Name:
Jennifer Johnson
Title:
Executive Vice President and General Counsel
Date: September 27, 2022
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IFF - International Flavors & Fragrances Inc. published this content on 27 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2022 22:05:01 UTC.
International Flavors & Fragrances Inc. is one of the world leaders in designing, producing and marketing food, flavor, fragrance and pharmaceutical ingredients. Net sales break down by product family as follows:
- flavor ingredients (54.9%): primarily for the food industry (manufacturing of dairy products, beverages, prepared meals, confectionery products, etc.);
- natural, nutritional and health ingredients (18.8%): food cultures and enzymes, probiotics and specialized ingredients for the manufacturing of food supplements, functional foods and beverages, personal and household care products, animal nutrition products, etc.;
- fragrance compounds (18.5%): primarily for the manufacturing of cosmetics (deodorants, hair care products, etc.) and cleaning products (detergents, soaps, softeners, etc.);
- pharmaceutical excipients (7.8%): cellulosics and seaweed-based pharma excipients used mainly in the manufacturing of pharmaceutical products and food supplements.
At the end of 2022, the group has approximately 220 manufacturing sites in the world.
Net sales are distributed geographically as follows: North America (31%), Europe/Africa/Middle East (33.9%), Asia (23.1%) and Latin America (12%).