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LYB > SEC Filings for LYB > Form 8-K on 7-Nov-2013All Recent SEC Filings




Change in Directors or Principal Officers

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

Effective November 6, 2013, Scott M. Kleinman has resigned from the Supervisory Board of LyondellBasell Industries N.V. (the "Company"). Mr. Kleinman, the lead partner for private equity at Apollo Global Management, LLC ("Apollo"), was nominated to the Company's Supervisory Board by Apollo under a nomination agreement between an Apollo affiliate and the Company dated April 30, 2010. Under that agreement, Apollo had the right to nominate one director to serve on the Supervisory Board provided it owned at least five percent (5%) of the Company's issued share capital. During the past three years, Mr. Kleinman has served as a designated director of Apollo and not an independent director. On November 6, 2013, Apollo informed the Company that its share ownership had fallen below the five percent (5%) threshold. As a result, the nomination agreement was terminated pursuant its terms.

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