UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): February 4, 2010

 

Huntsman Corporation

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-32427

 

42-1648585

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

Huntsman International LLC

(Exact name of registrant as specified in its charter)

 

Delaware

 

333-85141

 

87-0630358

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

500 Huntsman Way

 

 

Salt Lake City, Utah

 

84108

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (801) 584-5700

 

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 obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o           Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

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

 

(e) Compensatory Arrangements of Certain Officers.

 

On February 4, 2010, the Board of Directors of Huntsman Corporation (the “Company”), upon the recommendation of its Compensation Committee, approved a discretionary bonus of $600,000 for Peter R. Huntsman, the Company’s President and Chief Executive Officer, in recognition of his leadership in connection with the litigation involving Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. related to that certain Agreement and Plan of Merger, dated July 12, 2007, among the Company, Hexion Specialty Chemicals, Inc. and Nimbus Merger Sub Inc.  Such settlement resulted in $1.73 billion of cash and financing for the Company (cash of $632 million and $1.1 billion in financing).  This discretionary bonus was in addition to an annual incentive award made pursuant the Company’s bonus plan.

 

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SIGNATURES

 

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.

 

 

 

HUNTSMAN CORPORATION

 

HUNTSMAN INTERNATIONAL LLC

 

 

 

/s/ Troy M. Keller

 

Troy M. Keller

 

Assistant Secretary

 

 

Dated: February 10, 2010

 

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