What changed in this filing

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Item 3. Legal Proceedings

2024-02-29 compared with 2023-02-23 · 37 added, 32 removed, 47 unchanged (59% of the section changed)

1 unchanged sentence

The Company is a party to proceedings, cases, and requests for information from, and negotiations with, various claimants and Federal and state agencies relating to various matters, including environmental matters.

For information concerning pending asbestos-related litigation against an inactive subsidiary, certain environmental non-capital remediation costs and other legal-related matters, reference is made to Note 26 of Notes to Consolidated Financial Statements, included in Item 8 of this Report, which is incorporated herein by this reference.

For information concerning pending certain environmental non-capital remediation costs and other legal-related matters, refer to Note 25 of Notes to Consolidated Financial Statements, included in Item 8 of this Report, which is incorporated herein by this reference.

The Company is a party to other litigation which management currently believes will not have a material adverse effect on the Company’s results of operations, cash flow or financial condition.

2 unchanged sentences

Information about our Executive Officers.

Set forth below is information regarding the executive officers of the Company, each of whom (with the exception of Andrew E.

Tometich, Melissa Leneis, and Dhruwa Rai) have been employed by the Company or by Houghton for at least five years, including the respective positions and offices with the Company (or Houghton) held by each over the respective periods indicated.

Each of the executive officers, with the exception of David A.

Will, is appointed annually to a one year term.

Will is considered an executive officer in his capacity as principal accounting officer for purposes of this Item 4(a).

Our executive officers as of February 29, 2024 are listed below with their respective ages, positions currently held at the Company, and principal occupation and business experience during at least the last five years.

Each of the executive officers, with the exception of Jeffrey Kutz, is appointed annually to a one year term.

Kutz is considered an executive officer in his capacity as principal accounting officer for purposes of this Item 4(a).

Name, Age, and Present

5 unchanged sentences

Tometich served as Executive Vice President, Hygiene, Health and Consumable Adhesives at H.B.

Fuller from August 2019 until September 2021.

Fuller Company from August 2019 until September 2021.

Before that, Mr.

Tometich was Senior Vice President, Specialty Materials Business at Corning Incorporated from September 2017 until August 2019 and President, Performance Silicones Business Unit at The Dow Chemical Company from June 2016 until February 2017 after having positions of increasing responsibility at Dow Corning Corporation and its subsidiaries from 1989 through 2016.

Chief Commercial Officer

Berquist, who has been employed by the Company since 1997, has served as Chief Commercial Officer since January 1, 2023.

Executive Vice President, Chief Commercial Officer

Berquist, who has been employed by the Company since 1997, has served as Executive Vice President, Chief Commercial Officer since January 1, 2023.

Prior to that role, he served as Executive Vice President, Chief Strategy Officer, and Managing Director, Global Specialty Businesses from September 2021 until December 2022.

3 unchanged sentences

Jeewat Bijlani, 47

Chief Strategy Officer

Bijlani, who has been employed by the Company since August 2019, has served as Chief Strategy Officer since January 1, 2023.

Executive Vice President, Chief Strategy Officer

Bijlani, who has been employed by the Company since August 2019, has served as Executive Vice President, Chief Strategy Officer since January 1, 2023.

Prior to that role, he served as Senior Vice President, Managing Director - Americas from August 2019 until December 2022.

1 unchanged sentence

Bijlani served as President, Americas and Global Strategic Businesses of Houghton from March 2015 until July 2019.

Senior Vice President, Chief Global Supply Chain Officer

Fleck has served as Senior Vice President, Chief Global Supply Chain Officer since he joined the Company on February 27, 2023.

Prior to joining the Company, Mr.

Fleck served as Senior Vice President, Chief Supply Chain Officer at Georgia-Pacific Consumer Products Company.

Before that, he served as Senior Vice President, Chief Supply Chain and R&D Officer at Zep, Inc.

from 2010 to 2015.

Fleck’s previous experience also includes various supply chain management leadership positions at The Clorox Company, American Home Products, and Cargill Incorporated.

Hostetter, 42

Senior Vice President, Chief Financial Officer

Hostetter, who has been employed by the Company since July 2011, has served as Senior Vice President, Chief Financial Officer since April 2021.

Executive Vice President, Chief Financial Officer

Hostetter, who has been employed by the Company since July 2011, has served as Executive Vice President, Chief Financial Officer since March 1, 2023.

In addition to his current position, he served as Chief Accounting Officer from October 2, 2023 to January 2, 2024.

Hostetter previously served as Senior Vice President, Chief Financial Officer from April 2021 through February 2023.

Prior to that role, he served as Vice President, Finance and Chief Accounting Officer from August 2019 until April 2021.

4 unchanged sentences

Melissa Leneis, 41

Senior Vice President, Chief Human Resources Officer

Leneis has served as Senior Vice President, Chief Human Resources Officer since she joined the Company in July 2022.

Executive Vice President, Chief Human Resources Officer

Leneis has served as Executive Vice President, Chief Human Resources Officer since March 1, 2023.

She previously served as Senior Vice President, Chief Human Resources Officer from July 2022 through February 2023.

Prior to joining the Company, Ms.

6 unchanged sentences

(formerly Mars) and Lockheed Martin Corporation.

Wilbert Platzer, 61

Senior Vice President, Global Operations, Environmental Health & Safety (“EHS”) and Procurement

Platzer, who has been employed by the Company since 1995, has served as Senior Vice President, Global Operations, EHS and Procurement since August 2019.

He previously served as Vice President, Global Operations, EHS and Procurement from April 2018 until July 2019.

Prior to that role, Mr.

Platzer served as Vice President and Managing Director – EMEA from January 2006 through March 2018.

Dhruwa Rai, 53

Senior Vice President, Chief Information Digital Officer

Rai has served as Senior Vice President, Chief Information Digital Officer since he joined the Company in July 2022.

Prior to joining the Company, Mr.

Rai served as Chief Digital Technology Officer for the American Cancer Society from August 2021 to June 2022 and Goodwill Industries International from April 2020 to August 2021.

Prior to these roles, Mr.

Rai served as Chief Digital Officer and Global Chief Information Officer for Ball Aerospace & Packaging Corporation from May 2016 to January 2020.

Anna Ransley, 46

Senior Vice President, Chief Digital Information Officer

Ransley has served as Senior Vice President, Chief Digital Information Officer since she joined the Company in July 2023.

Prior to joining the Company, Ms.

Ransley served as Global Chief Information Officer at Godiva Chocolatier from September 2021 through March 2023.

Prior to joining Godiva, she served as Vice President, Digital and Technology and US Chief Information Officer at Heineken from January 2017 through September 2021.

Previously, Ms.

Ransley held various IT leadership positions at companies such as Boehringer Ingelheim, Connolly, Inc.

and Hyperion/Oracle.

David Slinkman, 59

7 unchanged sentences

Vice President, Chief Accounting Officer

Will, who has been employed by the Company since 2014, has served as Vice President, Chief Accounting Officer since April 2022.

Prior to that role, Mr.

Will served as the Vice President, Global Controller and Principal Accounting Officer from April 2021 until March 2022.

Previously, he served as Corporate Controller from August 2019 until April 2021 and Global Assistant Controller from December 2014 to August 2019.

Kutz has served as the Vice President, Chief Accounting Officer since he joined the Company on January 2, 2024.

Prior to joining the Company, Mr.

Kutz served as Vice President, Corporate Controller & Principal Accounting Officer and Director, Technical Accounting & Reporting and Executive Director, Accounting Policy & Reporting at Air Products and Chemicals Inc.

from 2012 until December 2023.

He also held senior leadership roles at Exelon Corporation from 2008 to 2012, and Chatham Financial from 2001 to 2008.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 3. Legal Proceedings