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)
March 15, 2010 (March 12, 2010)
STERLING CHEMICALS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
Incorporation)
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000-50132
(Commission File No.)
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76-0502785
(IRS Employer
Identification No.) |
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333 Clay Street, Suite 3600
Houston, Texas
(Address of principal execute offices)
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77002-4109
(Zip Code) |
(713) 650-3700
(Registrants telephone number, including area code)
Not Applicable
(Former names 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:
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
Effective as of March 12, 2010, John L. Teeger, was appointed as a non-employee director to
the board of Sterling Chemicals, Inc. (Sterling). Sterlings board acted by resolution to
increase the board size by one to effect Mr. Teegers appointment.
Mr. Teeger is the President and Chief Operating Officer of Founders Equity Inc. (Founders),
a position he has held since 1981. Founders manages private equity funds through its affiliates
Founders Equity SBIC I LP and Founders Equity NY LP, which invest in small to mid-cap enterprises
operating in the U.S. Prior to joining Founders, Mr. Teeger was a Vice President of Bear Stearns &
Co. from 1976 to 1981. Mr. Teeger has been a director and an officer of numerous entities formed
by Founders and its affiliates and is currently a director of Stone Source Inc., Richardson Foods
Inc., Glass America Inc. and Ensure Technologies Inc. Mr. Teeger is also a member and former
Chapter Chairman of the World Presidents Organization and the Young Presidents Organization.
Mr. Teeger will serve as a member of our Environmental, Health & Safety Committee, and
replaces John W. Gildea as a member and Chairman of our Compensation Committee.
Mr. Teeger is considered independent under the listing standards of the New York Stock
Exchange.