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 26, 2014

 

Commission File Number

001-34581

 

 

  

Kraton Performance Polymers, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware 20-0411521

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

 

 

15710 John F. Kennedy Blvd., Suite 300

Houston, TX 77032

(Address of principal executive offices, including zip code)

 

281-504-4700

(Registrant’s telephone number, including area code)

 

 

 

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 communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
   

 

 
 

 

 
 

 

Item 1.02Termination of a Material Definitive Agreement.

 

On November 26, 2014, the Company terminated the Kraton Polymers U.S. LLC Pension Benefits Restoration Plan (Amended and Restated Effective as of December 10, 2013), a material compensatory plan in which certain of its executive officers, including named executive officers participate. Such termination is to be effective November 30, 2014. The PBRP was intended to restore certain benefits that may not be provided under the company’s pension plan, due to certain limitations imposed on tax-qualified plans by the Internal Revenue Code. As a result of the termination, amounts held under the plan, totaling approximately $2.4 million will be distributed to the participants in the plan. In general, it is currently anticipated payments to participants will be made in December 2015.

 

 
 

 

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.

 

         
    Kraton Performance Polymers, Inc.  
       
Date: November 26, 2014 By:

/s/ Stephen E. Tremblay

  
      Stephen E. Tremblay  
      Chief Financial Officer