UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 6, 2021
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| PPG INDUSTRIES, INC. |
| (Exact Name of Registrant as Specified in Charter) |
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| Pennsylvania | | 001-1687 | | 25-0730780 |
(State or Other Jurisdiction
of Incorporation) | | (Commission
File Number) | | (I.R.S. Employer
Identification No.) |
One PPG Place, Pittsburgh, Pennsylvania, 15272
(Address of Principal Executive Offices, and Zip Code)
(412) 434-3131
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(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 (see General Instruction A.2. below):
☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communication 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 $1.66 2/3 | | PPG | | New York Stock Exchange |
| 0.875% Notes due 2022 | | PPG 22 | | New York Stock Exchange |
| 0.875% Notes due 2025 | | PPG 25 | | New York Stock Exchange |
| 1.400% Notes due 2027 | | PPG 27 | | 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. ☐
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| Item 5.02 | | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 6, 2021, William E. Schaupp, Vice President and Controller and Chief Accounting Officer of PPG Industries, Inc. (the “Company”) submitted his resignation, effective July 31, 2021. Mr. Schaupp has accepted a senior level finance position at a Fortune 75 company which will be announced at a later date. Mr. Schaupp joined the Company as Manager, Financial Reporting in 2008, and progressed through a variety of financial and corporate development positions before his appointment to his current role in 2018.
Effective August 1, 2021, Brian R. Williams will serve as Acting Controller and Acting Chief Accounting Officer of the Company until a permanent replacement is appointed. Mr. Williams joined the Company in 2005 as Manager, Financial Reporting. He served as Director, Financial Reporting, Coatings, from 2009 to 2011, and from 2011 to 2012 he served as Director, Finance Transformation. He was appointed Director, Financial Analysis, Silica, in 2012 and Director of Finance, Specialty Chemicals and Materials, in 2014. In 2016, Mr. Williams was named Director, Corporate Planning and Development and was promoted to Global Director of Finance, Automotive Refinish in 2018. Prior to joining the Company, Mr. Williams worked at Ernst & Young as an Audit Senior Manager, and he is a certified public accountant. There are no family relationships between Mr. Williams and any director or executive officer of the Company that are required to be disclosed pursuant to Item 401(d) of Regulation S-K. There are no related party transactions involving the Company that are required to be disclosed pursuant to item 404(a) of Regulations S-K related to Mr. Williams.
SIGNATURE
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.
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| | PPG INDUSTRIES, INC. |
| | (Registrant) |
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| Date: July 9, 2021 | By: | /s/ Vincent J. Morales |
| | Vincent J. Morales |
| | Senior Vice President and Chief Financial Officer |
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