UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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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).
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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 July 27, 2021, the Board of Directors of Kirby Corporation (“Kirby”) elected Shawn D. Williams to serve as a Class III director until the Annual Meeting of Stockholders in 2022. Mr. Williams is currently the Chairman of the Board of Managers and Acting Chief Executive Officer of Covia Holdings LLC, a provider of minerals-based solutions serving the industrial and energy markets. Mr. Williams will receive the standard compensation for directors under Kirby’s Nonemployee Director Compensation Program, prorated for his current term of office, including an automatic grant of approximately $150,750 in value of restricted shares of Kirby common stock and a prorated annual director fee of $56,250 payable quarterly. The shares of restricted stock vest six months after the date of grant.
Item 9.01. Financial Statements and Exhibits
EXHIBIT INDEX
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99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
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KIRBY CORPORATION |
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July 28, 2021 |
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/s/ William G. Harvey |
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William G. Harvey |
Exhibit 99.1
KIRBY CORPORATION |
Contact: Eric Holcomb |
713-435-1545
FOR IMMEDIATE RELEASE
KIRBY CORPORATION ANNOUNCES NEW
DIRECTOR OF THE BOARD SHAWN D. WILLIAMS
Houston, Texas (July 27, 2021) – Kirby Corporation ("Kirby") (NYSE: KEX) today announced the appointment of Shawn D. Williams as a new independent member of the Kirby Board of Directors effective July 27, 2021. Mr. Williams has an extensive background in the chemicals industry with professional and board experience, and Kirby is pleased to welcome him to its Board of Directors.
Since June 2021, Mr. Williams has served as the Chairman of the Board of Managers and Acting Chief Executive Officer of Covia Holdings LLC, a provider of minerals-based solutions serving the industrial and energy markets. Prior to his appointment as Acting Chief Executive Officer, Mr. Williams was Chairman of the Board of Managers and also a member of the Audit Committee and Compensation Committee. Prior to joining Covia Holdings, Mr. Williams served as the Chief Executive Officer of Nexeo Plastics Holdings, Inc., a global plastics distributor, from 2019 to 2020. Mr. Williams also served as the Executive Vice President of Nexeo Solutions, Inc. from 2012 to 2019. Prior to joining Nexeo Solutions, from 2007 to 2012, Mr. Williams served as President of Momentive Global Sealants, a global specialty sealants business, and President of Momentive Performance Materials, a silicone specialty materials business. Earlier in his career, Mr. Williams spent 22 years working in leadership roles at General Electric Company leading a variety of industrial and material businesses globally. Since March 2021, Mr. Williams has served as a member of the Board of Directors at TETRA Technologies, Inc., an oil and gas services company specializing in completion fluids and water management solutions, and as a member of its Audit Committee and Human Capital Management and Compensation Committee. Mr. Williams earned his M.B.A. from the Haas School of Business at the University of California, Berkeley, and a B.S. in Electrical Engineering from Purdue University.
David Grzebinski, Kirby’s President and Chief Executive Officer, commented, "We are pleased to welcome Shawn Williams to the Board of Directors at Kirby. Mr. Williams’ extensive background in board and leadership roles within industrial chemicals and the oilfield is impressive. The Board of Directors and the executive leadership team are confident that Mr. Williams will be an invaluable asset for the Company as we develop our strategies for the future success of Kirby’s diverse business portfolio.”
Kirby Corporation, based in Houston, Texas, is the nation’s largest domestic tank barge operator transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts, and in Alaska and Hawaii. Kirby transports petrochemicals, black oil, refined petroleum products and agricultural chemicals by tank barge. In addition, Kirby participates in the transportation of dry-bulk commodities in United States coastwise trade. Through the distribution and services segment, Kirby provides after-market service and parts for engines, transmissions, reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications. Kirby also rents equipment including generators, industrial compressors, railcar movers, and high capacity lift trucks for use in a variety of industrial markets, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for land-based oilfield service customers.
55 Waugh Drive Suite 1000 P. O. Box 1745 Houston, Texas 77251 713-435-1000 Fax 713-435-1010