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Avient Corp – ‘8-K’ for 10/25/19

On:  Monday, 10/28/19, at 1:02pm ET   ·   For:  10/25/19   ·   Accession #:  1122976-19-41   ·   File #:  1-16091

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  As Of               Filer                 Filing    For·On·As Docs:Size

10/28/19  Avient Corp                       8-K:2,9    10/25/19   13:379K

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     31K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     75K 
 9: R1          Cover Page                                          HTML     49K 
 8: XML         IDEA XML File -- Filing Summary                      XML     12K 
13: XML         XBRL Instance -- pol-201910288xkcover_htm            XML     15K 
12: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 4: EX-101.CAL  XBRL Calculations -- pol-20191025_cal                XML      7K 
 5: EX-101.DEF  XBRL Definitions -- pol-20191025_def                 XML      9K 
 6: EX-101.LAB  XBRL Labels -- pol-20191025_lab                      XML     68K 
 7: EX-101.PRE  XBRL Presentations -- pol-20191025_pre               XML     37K 
 3: EX-101.SCH  XBRL Schema -- pol-20191025                          XSD     16K 
10: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    19K 
11: ZIP         XBRL Zipped Folder -- 0001122976-19-000041-xbrl      Zip     21K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX:   C:   C:   C: 
  Document  
 i false i 0001122976 0001122976 2019-10-25 2019-10-25

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 
 
 
FORM  i 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):  i October 25, 2019
 
 
 
 i PolyOne Corporation
(Exact Name of Registrant as Specified in Its Charter)
 i Ohio
 i 1-16091
 i 34-1730488
 
 
 
(State or Other Jurisdiction of Incorporation)
 (Commission File Number)
(IRS Employer Identification No.)

 i PolyOne Center
 i 33587 Walker Road
 i Avon Lake,  i Ohio  i 44012
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: ( i 440 i 930-1000

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:
 i Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 i Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 i Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))        
 i Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))        
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
 i Common Shares, par value $.01 per share
 i POL
 i New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  i 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 2.01. Completion of Acquisition or Disposition of Assets.
As previously announced, on August 16, 2019, PolyOne Corporation (the “Company”) entered into a definitive asset purchase agreement (the “Agreement”) with SK Echo Group S.à r.l., a société à responsabilité limitée governed by the laws of Luxembourg (“Purchaser”), pursuant to which Purchaser agreed to acquire the Company’s Performance Products and Solutions business segment (the “PP&S Business”) for $775 million in cash, subject to a customary working capital adjustment. On October 25, 2019, the Company completed the sale of the PP&S Business to the Purchaser pursuant to the terms of the Agreement.

The description of the Agreement contained herein does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 2.1 hereto and is incorporated herein by reference.


Item 9.01. Financial Statements and Exhibits.

(b)
The unaudited pro forma condensed combined financial information of the Company, giving effect to the divestment of the PP&S Business, together with the related notes thereto, is attached hereto as Exhibit 99.1.

(d)    Exhibits.


Exhibit
Description
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

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.

 
POLYONE CORPORATION
 
 
 
 
 
 
 
Executive Vice President and Chief Financial Officer
Dated: October 28, 2019




Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:10/28/19
For Period end:10/25/19
8/16/198-K
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