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GGC > SEC Filings for GGC > Form 8-K on 27-May-2009All Recent SEC Filings

Show all filings for GEORGIA GULF CORP /DE/ | Request a Trial to NEW EDGAR Online Pro

Form 8-K for GEORGIA GULF CORP /DE/


27-May-2009

Change in Directors or Principal Officers, Financial Statements and Exhibi


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

On May 22, 2009, certain executive officers of Georgia Gulf Corporation (the "Company") voluntarily elected to forfeit certain options to purchase shares of the Company's common stock (the "Shares") with an exercise price of $53.38 granted on February 28, 2005. The purpose of these forfeitures is to return the Shares to the Company so that the Company may make further grants to other employees.

These executive officers did not receive any consideration for the forfeited options. The form of forfeiture notice (attached as Exhibit 10.1 hereto) contains the acknowledgement of the forfeiting officer that no commitments to grant any replacement equity awards were made by the Company.

The officers and the respective number of Shares are as follows:

Name                                  Title                       Shares

Paul Carrico      President and Chief Executive Officer            5,000

Joel Beerman      Vice President, General Counsel and Secretary   14,500

Mark Seal         Vice President - Aromatics and Additives        14,500

James Worrell     Vice President - Human Resources                 5,000

William Doherty   Vice President - PVC Compounds                  14,500

Doug Shannon      Vice President - Procurement                    14,500

Mark Buckis       Vice President and Corporate Controller          3,600



Item 9.01 Financial Statements and Exhibits

(d)                 Exhibits.



Number            Exhibit

10.1     Form of Forfeiture Notice


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