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):
October 14, 2005
PolyOne Corporation
(Exact Name of Registrant as Specified in Charter)
| |
|
|
|
|
Ohio
(State or Other
Jurisdiction
of Incorporation)
|
|
1-16091
(Commission File No.)
|
|
34-1730488
(I.R.S. Employer
Identification No.) |
PolyOne Center, 33587 Walker Rd.
Avon Lake, Ohio 44012
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code:
(440) 930-1000
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 1.01 Entry into a Definitive Material Agreement.
On
October 14, 2005, as a result of Thomas A. Waltermire’s resignation as the President and
Chief Executive Officer of PolyOne Corporation (the “Company”), the Company and William F. Patient,
the non-executive Chairman of the Board and a Director of the Company, entered into an agreement
(the “Agreement”), effective October 6, 2005, which provides that Mr. Patient will serve as the
Chairman of the Board, President and Chief Executive Officer of the Company until the date that a
successor Chairman of the Board, President and Chief Executive Officer is elected. Under the
Agreement, for his continuing service as a director of the Company, Mr. Patient will continue to
receive the compensation he received as a non-employee director of the Company, and for his
services as non-employee Chairman of the Board, President and Chief Executive Officer, Mr. Patient
will receive a fee at the rate of $300,000 per year.
The foregoing description of the Agreement does not purport to be complete, and is qualified
in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit
10.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| |
|
|
|
|
| |
|
Exhibit |
|
|
| |
|
No. |
|
Description |
|
|
10.1
|
|
Agreement between PolyOne Corporation and William F. Patient,
effective October 6, 2005 |