LyondellBasell Appoints New EVP of Manufacturing

TL;DR

LyondellBasell names new manufacturing chief, Chris Smith, with $550K base + bonus + stock.

AI Summary

LyondellBasell Industries N.V. announced on March 17, 2025, that its Board of Directors appointed Christopher D. Smith as Executive Vice President, Manufacturing, effective March 11, 2025. Smith will receive an annual base salary of $550,000, a target annual bonus of 100% of his base salary, and a long-term incentive award with a target value of $1,500,000 for 2025. He will also receive a restricted stock award with a target value of $1,000,000, vesting over three years.

Why It Matters

The appointment of a new Executive Vice President of Manufacturing can signal strategic shifts in operational focus or leadership for LyondellBasell, potentially impacting production efficiency and future investments.

Risk Assessment

Risk Level: low — This filing is a routine executive appointment and compensation disclosure, with no immediate financial or operational risks indicated.

Key Numbers

• $550,000 — Base Salary (Annual compensation for new EVP of Manufacturing)
• 100% — Bonus Target (Annual bonus potential for new EVP of Manufacturing)
• $1,500,000 — LTI Target (Long-term incentive award for new EVP of Manufacturing)
• $1,000,000 — Stock Award Target (Restricted stock award for new EVP of Manufacturing)

Key Players & Entities

• LyondellBasell Industries N.V. (company) — Registrant
• Christopher D. Smith (person) — Appointed Executive Vice President, Manufacturing
• $550,000 (dollar_amount) — Annual base salary for Christopher D. Smith
• 100% (dollar_amount) — Target annual bonus percentage for Christopher D. Smith
• $1,500,000 (dollar_amount) — Target annual incentive award value for Christopher D. Smith
• $1,000,000 (dollar_amount) — Target restricted stock award value for Christopher D. Smith
• March 11, 2025 (date) — Effective date of appointment
• March 17, 2025 (date) — Date of report

FAQ

From the Filing

0001104659-25-024409.txt : 20250317 0001104659-25-024409.hdr.sgml : 20250317 20250317160143 ACCESSION NUMBER: 0001104659-25-024409 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250311 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250317 DATE AS OF CHANGE: 20250317 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LyondellBasell Industries N.V. CENTRAL INDEX KEY: 0001489393 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 980646235 STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34726 FILM NUMBER: 25744303 BUSINESS ADDRESS: STREET 1: 1221 MCKINNEY ST STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77010 BUSINESS PHONE: 713-309-7603 MAIL ADDRESS: STREET 1: 1221 MCKINNEY ST STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77010 8-K 1 tm259466d1_8k.htm FORM 8-K false 0001489393 0001489393 2025-03-11 2025-03-11 0001489393 country:GB 2025-03-11 2025-03-11 0001489393 country:NL 2025-03-11 2025-03-11 0001489393 dei:FormerAddressMember 2025-03-11 2025-03-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     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): March 17, 2025 ( March 11, 2025 )       LYONDELLBASELL INDUSTRIES N.V. (Exact Name of Registrant as Specified in Charter)       Netherlands 001-34726 98-0646235 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)     2800 Post Oak Blvd. , Suite 5100 Houston , Texas USA 77056     4th Floor, One Vine Street London W1J0AH United Kingdom     Delftseplein 27E 3013AA Rotterdam Netherlands       (Addresses of principal executive offices) (Zip code)               ( 713 ) 309-7200 +44 (0) 207 220 2600 +31 (0) 10 275 5500 (Registrant’s telephone numbers, including area codes)   1221 McKinney St., Suite 300 Houston ,  Texas , USA 77010 (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:   ¨ Written communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨ Pre-commencement communications 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   Name of Each Exchange On Which Registered Ordinary Shares, €0.04 Par Value     LYB     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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   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) o