Huntsman Corp Stock Price, News & Analysis

Huntsman Corporation's Chairman, Peter R. Huntsman, addressed shareholders in a letter ahead of the upcoming 2022 Annual Meeting on March 25, 2022. He highlighted the company's record performance in 2021, boasting a 5-Year Total Shareholder Return (TSR) of 91%. Huntsman urged shareholders to vote for the current Board of Directors amid a proxy fight initiated by Starboard. He defended the Board's actions in overseeing a strategic transformation, emphasizing a focus on financial targets and enhanced governance.

Starboard Value LP, a major shareholder of Huntsman Corporation (HUN), urges investors to support its nominees at the upcoming annual meeting. Institutional Shareholder Services (ISS) recommends voting for Starboard's BLUE proxy card, highlighting the need for change on the board to address management accountability. ISS noted Huntsman's history of operating and share price underperformance and poor governance. The press release emphasizes the importance of independent oversight to prioritize shareholder interests and suggests the board's recent defensive tactics are against shareholders' best interests.

Huntsman Corporation (NYSE: HUN) has sent a letter to shareholders ahead of its Annual Meeting on March 25, 2022, urging them to vote for its board nominees using the WHITE proxy card. The company claims it has delivered record results and increased guidance for Q1 2022. Huntsman highlights a five-year total shareholder return of 98%, emphasizing its focus on high-margin products and a strengthened board with eight new directors since 2018. The letter defends against Starboard's proxy fight, arguing that their nominees lack the necessary experience for the company's strategic direction.

Starboard Value LP, a major shareholder in Huntsman Corporation (NYSE: HUN) with an 8.8% stake, has released a supplemental presentation challenging Huntsman's recent claims made in its investor presentation. Starboard highlights Huntsman's history of unmet commitments, including a significant failure to achieve its $1.3 billion Adjusted EBITDA target set in 2016, missing it by 11%. Additionally, Huntsman’s Adjusted EBITDA in 2020 was 52% below its 2018 target. Starboard seeks change in Huntsman's board to improve governance and financial performance.

Huntsman Corporation (NYSE: HUN) mailed a letter to shareholders ahead of its Annual Meeting on March 25, 2022, refuting claims made by Starboard Value LP. Huntsman urges shareholders to vote the WHITE proxy card for its qualified directors. The letter highlights Huntsman's significant transformation and record performance, including a 123% total shareholder return (TSR) since Starboard's investment. Additionally, Huntsman announced increased Adjusted EBITDA guidance for Q1 2022, reiterating confidence in its strategic execution and financial health.

Huntsman Corporation (NYSE: HUN) updated its first-quarter 2022 outlook, expecting adjusted EBITDA to exceed the previous range of $350 million to $380 million, with a margin of 17%. This positive revision follows strong performance in the Performance Products segment and resilience in North America and Asia despite European energy cost challenges. Additionally, the company received a credit upgrade from Fitch Ratings to BBB, enhancing its financial profile.

Huntsman Corporation (HUN) has filed an investor presentation with the SEC for its 2022 Annual Meeting, showcasing its transformational strategy that has led to record profits in 2021. Highlights include a 40% portfolio divestiture over five years, successful cost optimization ahead of schedule, and a projected increase of over 300 basis points in adjusted EBITDA margin by 2024. The company also announced a refreshed board of directors aimed at advancing its transformation and expressed concerns regarding Starboard's proxy campaign, asserting it risks value destruction.

Starboard Value LP, a major shareholder of Huntsman Corporation (NYSE: HUN), with an 8.8% stake, has released a presentation titled Transforming Huntsman Corporation. The presentation critiques Huntsman's history of poor financial performance, governance issues, and unmet shareholder commitments. Starboard highlights a significant underperformance of ~562% against peers since 2005 and calls for an election of its slate of qualified director nominees at the upcoming shareholder meeting to improve accountability and performance.

Huntsman Corporation (NYSE: HUN) has sent a letter to shareholders ahead of its Annual Meeting on March 25, 2022, advocating for the election of its board nominees via the WHITE proxy card. The letter emphasizes Huntsman's recent record performance, including a 45% rise in Adjusted EBITDA to $349 million. It critiques Starboard's proposed slate of nominees, asserting they lack relevant industry experience and threaten Huntsman's strategic trajectory, which has yielded a total shareholder return of ~98% over five years. Huntsman urges shareholders to reject Starboard's proposals to protect long-term value.