UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): July 18, 2006
TENNECO INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 1-12387 76-0515284
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) of Incorporation
of incorporation Identification No.)
or organization)
500 NORTH FIELD DRIVE, LAKE FOREST, ILLINOIS 60045
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (847) 482-5000
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 PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
On July 18, 2006, Tenneco Inc.'s Board of Directors elected Paul D. Novas
to the position of vice president and controller. As controller, Mr. Novas will
serve as the company's principal accounting officer with responsibility for
Tenneco's corporate accounting and financial reporting globally. Prior to
assuming his new role, Mr. Novas served as vice president of finance and
administration for Tenneco's European operations from February 2004 through July
2006, with responsibility for all finance, tax and shared service operations for
the company's Europe, South America and India segment. From November 1999
through February 2004, Mr. Novas was the company's vice president and treasurer.
Mr. Novas joined the former Tenneco Inc. in 1996 as assistant treasurer
responsible for corporate finance and North American treasury activities. Before
joining Tenneco, Mr. Novas worked in the treasury office of General Motors
Corporation for 10 years. Mr. Novas is 47 years old.
Mr. Novas does not have a written employment agreement. He receives
compensation and benefits consistent with those described in the company's proxy
statement relating to the annual meeting of stockholders held on May 9, 2006 for
executive officers. The company has a letter of understanding with Mr. Novas
related to his expatriate assignment which provides benefits and reimbursements
to Mr. Novas consistent with those described in the proxy statement for other
officers on expatriate assignments.
Tenneco's Board of Directors also elected John Kunz, the company's vice
president and treasurer, to the position of vice president, treasurer and tax.
In addition to his new global tax responsibilities, Mr. Kunz will continue in
his role as treasurer with responsibility for the company's treasury, insurance
and investment activities including building and managing relationships with the
banking community and rating agencies. He joined Tenneco in February 2004 from
Great Lakes Chemical Corporation, where he rose through various positions to
become vice president and treasurer. Prior to joining Great Lakes in 1999, Mr.
Kunz was director of corporate development at Weirton Steel Corporation. Mr.
Kunz joined Weirton from KPMG Peat Marwick.
A copy of the company's announcement is attached as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
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99.1 Press release issued July 19, 2006
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.
TENNECO INC.
Date: July 20, 2006 By: /s/ Kenneth R. Trammell
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Kenneth R. Trammell
Executive Vice President and
Chief Financial Officer