Georgia Gulf Announces Stock Gift by CEO To Newly Created Family Trust for Estate Planning Purposes
ATLANTA--(BUSINESS WIRE)-- Georgia Gulf Corporation (GGC) today announced that, for estate planning purposes, President and Chief Executive Officer Paul Carrico gifted a portion of his shares of company stock from his personal account into an irrevocable spousal lifetime access trust. This transaction is not a sale of Georgia Gulf stock by either Mr. Carrico or the family trust.
The shares that were gifted into the trust represent 26 percent of Paul Carricos holdings as of December 28, 2012, and will be included as indirect holdings of Mr. Carrico in SEC filings. The shares also will be subject to the same blackout periods, trading restrictions and disclosure requirements as other shares of Georgia Gulf stock directly held by Mr. Carrico, pursuant to the Companys insider trading policies.
About Georgia Gulf
Georgia Gulf Corporation is a leading, integrated North American manufacturer of two chemical lines, chlorovinyls and aromatics, and manufactures vinyl-based building and home improvement products. The Company's vinyl-based building and home improvement products, marketed under Royal Building Products and Exterior Portfolio brands, include window profiles, patio doors, mouldings, siding, pipe and pipe fittings, soffit, rain ware and decking. Georgia Gulf, headquartered in Atlanta, Georgia, has manufacturing facilities located throughout North America to provide industry-leading service to customers. For more information, visit www.ggc.com.
Georgia Gulf Corporation
Source: Georgia Gulf CorporationCopyright Business Wire 2012