Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 25, 2021, LyondellBasell Industries N.V. (the "Company") announced
that Bhavesh V. (Bob) Patel, Chief Executive Officer and Director of
LyondellBasell Industries N.V. (the "Company"), has provided the Company with
notice of his intent to retire. Mr. Patel will be employed through December 31,
2021 under the terms of the Employment Agreement dated January 12, 2015 (as
amended March 6, 2017 and November 30, 2018, the "Employment Agreement") between
Mr. Patel, the Company, and its wholly-owned subsidiary, Lyondell Chemical
Company.
In connection with his retirement, Mr. Patel will receive the payments and
benefits consistent with those described under the section titled "Executive
Compensation-Potential Payments Upon Termination or Change in
Control-Retirement" in the Company's 2020 proxy statement and as set forth in
the Employment Agreement.
Upon departure, Mr. Patel will also resign from the Company's Board of
Directors; Mr. Patel's resignation is not due to any disagreements with the
Company on any matter related to its operations, policies, or practices.
A copy of the news release relating to this disclosure is furnished herewith as
Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated August 25, 2021
104 The cover page from this Current Report on Form 8-K, formatted in Inline
XBRL.
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LYONDELLBASELL INDUSTRIES N.V. 
