8-K: Current report filing
Published on April 3, 2006
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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) April 3, 2006
NOVELIS INC.
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(Exact name of registrant as specified in its charter)
CANADA 001-32312 98-0442987
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3399 Peachtree Road NE, Suite 1500, Atlanta, GA 30326
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (404) 814-4200
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(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 (see General Instruction A.2. below):
[ ] 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))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
The information disclosed under Item 5.02 is hereby incorporated by
reference in this Item 1.01.
ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
On April 3, 2006, Novelis Inc. (Novelis) announced in a press release that
effective May 1, 2006, Arnaud de Weert will be appointed as president, Novelis
Europe. Mr. de Weert will succeed Christopher Bark-Jones who will retire later
this year.
Mr. de Weert, age 42, was previously chief executive officer of Ontex,
Europe's largest manufacturer of private label hygienic disposables. Prior to
joining Ontex in 2004, Mr. de Weert was president, Europe, Middle East and
Africa, for U.S.-based tools manufacturer, Stanley Works. From 1993 to 2001, he
held executive roles with GE Power Controls in Europe, reaching the position of
Vice President Sales and Marketing.
Mr. de Weert entered into an employment agreement dated February 13, 2006,
attached hereto as Exhibit 10.1. Pursuant to the agreement, Mr. de Weert will
receive an annual base salary of (euro)400,000 and a sign-on bonus of
(euro)125,000. The employment agreement also provides that Mr. de Weert is
eligible to receive short term incentive compensation and participate in any
long term incentive plans based on business and individual performance. In
addition, Mr. de Weert will be entitled to receive severance of 12 months base
salary in the event his employment is involuntarily terminated, except for gross
misconduct.
Christopher Bark-Jones is retiring later this year following a 28-year
career with Novelis and its former parent, Alcan Inc. Effective May 1, 2006, Mr.
Bark-Jones will serve as a strategic advisor to the chief executive officer
until his retirement.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) EXHIBITS
10.1 Employment Agreement between Novelis Inc. and Arnaud de Weert dated as
of February 13, 2006
99.1 Novelis Inc. Press Release dated April 3, 2006
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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.
NOVELIS INC.
(Registrant)
Date: April 3, 2006 /s/ DAVID KENNEDY
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David Kennedy
Secretary
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