SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 14, 2012
(Exact name of registrant as specified in its charter)
Commission File Number: 1-33100
(State or other jurisdiction
One Owens Corning Parkway
Toledo, OH 43659
(Address of principal executive offices, including zip code)
(Registrants telephone number, including area code)
(Former name 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:
|¨||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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
The Governance and Nominating Committee (the Committee) of Owens Corning (the Company) is responsible for recommending to the Board of Directors of the Company director nominees for election. As a result of a director search performed under the direction of the Committee, the Company has identified Suzanne P. Nimocks as a new director candidate. Ms. Nimocks recently retired as a Director (senior partner) with McKinsey & Company, a global management consulting firm.
On June 14, 2012 the Board took the following actions to become effective September 12, 2012: (a) increased the size of the Board as of September 12, 2012 by one member; and (b) elected Ms. Nimocks as a director to fill the vacancy created by the increase in the size of the Board, to serve in Class III for a term expiring at the Companys Annual Meeting of Stockholders in 2015.
There is no arrangement or understanding between Ms. Nimocks and any other persons pursuant to which Ms. Nimocks was selected as a director. For her service as a non-employee member of the Board, beginning September 12, 2012 Ms. Nimocks will participate in the non-employee director compensation arrangements in effect at that time. The arrangements currently in effect are described under the heading 2011 Non-Employee Director Compensation in the Companys proxy statement in connection with its 2012 Annual Meeting of Stockholders, as filed with the Securities and Exchange Commission on March 14, 2011. There are no related person transactions involving Ms. Nimocks that are reportable under Item 404(a) of Regulation S-K.
Ms. Nimocks will serve on the Compensation Committee and Governance and Nominating Committee.
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.
|Date: June 18, 2012||By:|
John W. Christy
Senior Vice President, General Counsel and Secretary