UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM
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 (
(Exact Name of Registrant as Specified in Charter)
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Emerging growth company
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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
Departure of Certain Officers
On March 11, 2025, Chukwuemeka (Emeka) A. Oyolu, Senior Vice President, Chief Accounting Officer, and principal accounting officer of LyondellBasell Industries N.V. (the “Company”), informed the Company of his intent to resign, effective as of March 24, 2025, to pursue another opportunity.
Appointment of Certain Officers
Effective March 24, 2025, the Company appointed Matthew D. Hayes as the Company’s Senior Vice President, Chief Accounting Officer. Mr. Hayes will serve as the principal accounting officer for the purposes of the Company’s filings with Securities and Exchange Commission and will have global responsibility for corporate accounting, financial reporting and internal controls.
Mr. Hayes, age 50, most recently served as Vice President, Financial Planning and Analysis for the Company, and has served with the Company in a variety of capacities since 2004, including as chief internal auditor, and in various roles as director in the accounting department, including external reporting. Prior to joining the Company, Mr. Hayes served in internal audit roles at Halliburton, a multinational oil service company, from 2001 to 2004, and in the public accounting sector from 1996 to 2001. Mr. Hayes is an associate chartered accountant and earned a Bachelor of Science degree in economics, accounting and finance from Aberystwyth University.
Mr. Hayes’ base salary is $400,000 and he will participate in the Company’s long-term incentive plan with a target grant of 70% of base salary (including a pro-rated award for 2025). He will also be eligible to participate in the Company’s compensation and benefit plans and programs for similarly situated executives, including the Company’s short term incentive plan with a target grant of 60% of base salary.
There are no arrangements or understandings between Mr. Hayes and any other persons pursuant to which he was selected as an officer of the Company. There are also no family relationships between Mr. Hayes and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| LYONDELLBASELL INDUSTRIES N.V. | ||
| Date: March 17, 2025 | By: | /s/ Jeffrey A. Kaplan |
| Jeffrey A. Kaplan | ||
| Executive Vice President and General Counsel | ||