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
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| Date of Report (Date of Earliest Event Reported): | | January 18, 2008 |
Kraton Polymers LLC
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(Exact name of registrant as specified in its charter)
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| Delaware | 333-123747 | 94-2805249 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 15710 John F. Kennedy Blvd., Suite 300, Houston, Texas | | 77032 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 281-504-4700 |
Not Applicable
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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:
[ ] 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.
On January 14, 2008, the Board of Directors (the "Board") of Kraton Polymers LLC ("Kraton") voted to grant special bonus awards to certain executives of Kraton. The executives that will be selected for such special bonuses shall be determined at the discretion of the Board, and shall be entitled to receive two bonus payments, payable each of January 1, 2008 and July 1, 2008, subject to the executive remaining employed on such date. If an executive's employment is terminated by the Company without Cause or by the executive with Good Reason as a result of a change in control, the executive is entitled to payment of both special bonus awards, to the extent not previously paid. The terms of these awards shall be substantially as set forth in, and the summary herein is qualified in its entirety by reference to, the form of the special bonus award agreement, filed as an exhibit letter hereto.
Item 9.01 Financial Statements and Exhibits.
99.1 Executive Management Special Bonus Letter dated January 1, 2008.
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.
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| | | Kraton Polymers LLC |
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| January 18, 2008 | | By: | | /s/ Joseph J. Waiter
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| | | | | Name: Joseph J. Waiter |
| | | | | Title: Vice President and General Counsel |
Exhibit Index
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| Exhibit No. | | Description |
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|
99.1 | | Executive Management Special Bonus Letter |
