SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 12, 2012
NEXEO SOLUTIONS HOLDINGS, LLC
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (281) 297-0700
(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:
(e) Compensatory Arrangements of Certain Officers.
On November 12, 2012, the Compensation Committee (the Compensation Committee) of the Board of Directors (the Board) of Nexeo Solutions Holdings, LLC (the Company) voted to adjust the base compensation of certain executive officers of Nexeo Solutions, LLC, including Ross J. Crane, Executive Vice President and Chief Financial Officer, and David L. Chapman, Executive Vice President and Chief Information Officer. Effective November 26, 2012, base compensation for Messrs. Crane and Chapman will be $440,000 and $300,000, respectively.
The Compensation Committee also approved a one-time grant of Series B Units to certain members of management. Pending a threshold value determination, the Company will grant Series B Units to the following executive officers of Nexeo Solutions, LLC in the amounts set forth below:
Series B Unit Grants
Fifty percent of the Series B Units granted to each officer will be time-based units and will vest annually over a five year period. The remaining Series B units will be performance-based units and will vest in accordance with a performance-based schedule that is divided into five, twelve month periods.
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.
Dated: November 16, 2012