Olin Corp Temporarily Suspends Employee Benefit Plan Trading
Ticker: OLN · Form: 8-K · Filed: Sep 6, 2024 · CIK: 74303
| Field | Detail |
|---|---|
| Company | Olin CORP (OLN) |
| Form Type | 8-K |
| Filed Date | Sep 6, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: employee-benefits, trading-suspension
Related Tickers: OLN
TL;DR
Olin Corp halted employee benefit plan trading effective 9/6/24. Check your shares.
AI Summary
Olin Corporation filed an 8-K on September 6, 2024, to report a temporary suspension of trading under its employee benefit plans. This action was taken in accordance with SEC regulations, specifically Rule 104 of Regulation G, and is effective as of September 6, 2024. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates a temporary halt in trading for Olin Corporation's employee benefit plans, which could affect employees' ability to manage their investments in company stock.
Risk Assessment
Risk Level: low — The filing is procedural and relates to the temporary suspension of trading under employee benefit plans, not a material event impacting the company's core business or financial health.
Key Players & Entities
- Olin Corporation (company) — Registrant
- September 6, 2024 (date) — Effective date of suspension
- Rule 104 of Regulation G (regulation) — Governing rule for suspension
FAQ
What is the primary reason for this 8-K filing by Olin Corporation?
The primary reason for the filing is the temporary suspension of trading under Olin Corporation's employee benefit plans.
When did the temporary suspension of trading become effective?
The temporary suspension of trading became effective on September 6, 2024.
Under which SEC rule is this suspension being reported?
The suspension is being reported in accordance with Rule 104 of Regulation G.
What is Olin Corporation's principal executive office address?
Olin Corporation's principal executive office is located at 190 Carondelet Plaza, Suite 1530, Clayton, MO 63105.
What is Olin Corporation's telephone number?
Olin Corporation's telephone number is (314) 480-1400.
Filing Stats: 633 words · 3 min read · ~2 pages · Grade level 12.9 · Accepted 2024-09-06 11:31:22
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value per share OLN New York Stock
Filing Documents
- oln-20240906.htm (8-K) — 30KB
- exhibit991noticetoexecutiv.htm (EX-99.1) — 10KB
- 0000074303-24-000178.txt ( ) — 169KB
- oln-20240906.xsd (EX-101.SCH) — 2KB
- oln-20240906_lab.xml (EX-101.LAB) — 22KB
- oln-20240906_pre.xml (EX-101.PRE) — 13KB
- oln-20240906_htm.xml (XML) — 3KB
04. Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
Item 5.04. Temporary Suspension of Trading Under Registrant's Employee Benefit Plans. On September 6, 2024, Olin Corporation ("Olin") provided written notice (the "Notice") to its directors and executive officers that there will be a blackout period with respect to the Olin Corporation Contributing Employee Ownership Plan (the "CEOP"). The blackout period is to facilitate the transition of the plan administrator from Voya to Empower. During the blackout period, CEOP participants will be temporarily unable to access their accounts under the CEOP and will be unable to transfer or diversify investments in their individual accounts, including accounts that hold Olin common stock, or obtain a loan, withdrawal or distribution from the CEOP. In accordance with Section 306(a) of the Sarbanes-Oxley Act of 2002 and SEC Regulation BTR, the Notice informed Olin's directors and executive officers of the blackout period and the restrictions on trading in Olin equity securities that apply to them during the blackout period. A copy of the Notice is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The blackout period is expected to begin on September 26, 2024 at 4:00 p.m. (Eastern Time) and end the week of October 13, 2024. During the blackout period and for a period of two years thereafter, Olin shareholders or other interested persons may obtain information about the blackout period by contacting: Olin Corporation Attention: Corporate Secretary 190 Carondelet Plaza, Suite 1530 Clayton, Missouri 63105 Telephone Number: (314) 480-1400
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibit No. Exhibit 99.1 Notice to Executive Officers and Directors of Olin Corporation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. OLIN CORPORATION By: /s/ Inchan Hwang Name: Inchan Hwang Title: Vice President, Deputy General Counsel and Corporate Secretary Date: September 6, 2024