Tronox Limited
Tronox Ltd (Form: 8-K, Received: 11/17/2017 09:04:34)

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):   November 17, 2017 (November 16, 2017)
___________________________

TRONOX LIMITED
(Exact name of registrant as specified in its charter)
___________________________

Western Australia, Australia
001-35573
98-1026700
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
     
263 Tresser Boulevard, Suite 1100
 
Lot 22 Mason Road
Stamford, Connecticut 06901
 
Kwinana Beach, WA 6167 Australia

(Address of principal executive offices, including zip code)
(203) 705-3800

(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:

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))

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.
 



Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 16, 2017, Tronox Limited (the “Company”) announced that its board of directors has appointed Jeffry N. Quinn as President and Chief Executive Officer, effective as of December 1, 2017 (the “Effective Date”). Mr. Quinn, age 58, has served as a member of the Company’s board of directors since 2011, and will remain a director. On the Effective Date, Mr. Quinn will succeed Peter Johnston who held the role of interim Chief Executive Officer since May 15, 2017. Mr. Johnston will remain a member of the Company’s board of directors.

Mr. Quinn served as the Chief Executive Officer of Jason Industries Inc. (“Jason”) from November 2015 to December 2016. In 2012, he founded Quinpario Partners LLC, a private investment company that was also the sponsor of two publicly listed special purpose acquisition corporations, and served as its Chairman, Chief Executive Officer and Managing Member . Prior to forming Quinpario Partners LLC, from 2004 to 2012, Mr. Quinn served as the President and Chief Executive Officer of Solutia Inc. (formerly NYSE: SOA), a global specialty chemical and performance materials company, and served as its Chairman of the board of directors from 2006 to 2012. Mr. Quinn is currently Chairman of the board of directors of Jason (NASDAQ: JASN), as well as a member of the board of directors of W.R. Grace & Co. (NYSE: GRA).

In connection with his appointment as President and Chief Executive Officer, Mr. Quinn will enter into an employment agreement with the Company.

The Company’s press release is filed as Exhibit 99.1 and incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d)
Exhibits.

Exhibit No.
 
Description
99.1
 
Press release issued by Tronox Limited, dated November 16, 2017.
 


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.

 
TRONOX LIMITED
     
 
By:
/s/ Richard L. Muglia
Date: November 17, 2017
Name:
Richard L. Muglia
 
Title:
Senior Vice President, General Counsel and Secretary

Exhibit Index

Exhibit No.
 
Description
 
Press Release of Tronox Limited, dated November 16, 2017

 


Exhibit 99.1
 
TRONOX LIMITED NAMES JEFFRY N. QUINN AS CHIEF EXECUTIVE OFFICER

STAMFORD, Conn., Nov. 16, 2017 - Tronox Limited (NYSE:TROX) announced today that its board of directors has appointed Jeffry N. Quinn as president and chief executive officer, effective December 1, 2017. Quinn has served as a member of the company’s board of directors since 2011, and will continue in that position. Quinn brings more than 30 years of experience in the mining, refining, and chemicals industries to the role. He previously served as chairman and chief executive officer of Solutia Inc., a publicly listed global specialty chemical company, from 2004 until its acquisition by Eastman Chemical Company in 2012.

“Tronox is in a period of great transition with the planned acquisition of the titanium dioxide assets of Cristal, and the untimely passing of Tom Casey last May,” said Ilan Kaufthal, chairman of the Tronox board of directors. “I am delighted Jeff has accepted the CEO role. I am confident he will be a strong leader and he is the right person to take the company through its next phase of growth.”

Quinn succeeds Peter Johnston, a member of Tronox’s board of directors, who has held the role of interim CEO since May 15, 2017. The board appointed Johnston to that role after Thomas J. Casey announced his retirement as CEO for health reasons. Johnston will remain a member of the company’s board of directors.

“On behalf of his fellow board members, we thank Peter for his leadership as interim CEO during this period of transition. As a member of the board, he will continue to guide and help position Tronox for future success,” Kaufthal added.

“It is an honor to assume the role of president and chief executive officer of Tronox,” Quinn said. “I look forward to working with our board, a talented senior management team, and Tronox employees worldwide to fulfill our mission of creating value for our shareholders, providing high-quality materials and superior service to our customers, and operating safe, environmentally responsible facilities.”
 


Quinn, 58, joined Solutia in 2003 and was chairman and chief executive officer from 2004 through 2012. In 2012, he founded Quinpario Partners LLC, a private investment company that was also the sponsor of two publicly listed special-purpose acquisition corporations, and served as its chairman, chief executive officer and managing member. Earlier in his career, Quinn was a member of the executive management team of Premcor Inc., a large, publicly traded independent refiner, from 2000 through 2003, and of Arch Coal Inc., the second-largest domestic coal producer, from 1986 through 2000. Prior to joining Arch, Quinn engaged in the private practice of law. Quinn serves on the boards of directors of Jason Industries, Inc., a diversified general industrial company, and W.R. Grace, a global specialty chemical company. He holds a bachelor’s degree and a law degree from the University of Kentucky.

About Tronox

Tronox Limited is a vertically integrated mining and inorganic chemical business. The company mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products. For more information, visit tronox.com .

Media Contact: Bud Grebey
Direct: +1.203.705.3721

Investor Contact: Brennen Arndt
Direct: +1.203.705.3722