This 4:1 folding ratio saves more than two-thirds of storage and transportation space, effectively reducing return logistics costs by up to 75%.

This 4:1 folding ratio saves more than two-thirds of storage and transportation space, effectively reducing return logistics costs by up to 75%.

In addition, the Board shall determine that a director is not independent if the director: A. The presiding director for executive sessions is the Chairman of the Board, if an independent director, and otherwise is the Lead Director. Director Compensation 5.

ELECTION OF BOARD OF DIRECTORS 6 PROPOSAL 1 — ELECTION OF BOARD OF DIRECTORS Our Board currently consists of 11 Directors. He is also Chairman and Chief Executive Officer of Tesoro Logistics LP, a NYSE-listed master limited partnership that owns, operates and develops crude oil and refined products and logistics assets, since April 2011. Lead Director Our independent Directors meet regularly in executive sessions.

PRNewswire/ -- The Board of Directors of Factors that could cause actual results to differ materially from those implied by these forward-looking statements include disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; the current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows including without any limitation, any supply chain and logistics issues; our ability to achieve the strategic and other objectives relating to the acquisition of Clariant's Color business, including any expected synergies; changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business; fluctuations in raw material prices, quality and supply, and in energy prices and supply; production outages or material costs associated with scheduled or unscheduled maintenance programs; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; an inability to achieve the anticipated financial benefit from initiatives related to acquisition and integration working capital reductions, cost reductions and employee productivity goals; our ability to continue to pay regular quarterly cash dividends, including at the increased rate, and the amounts and timing of any future dividends; information systems failures and cyberattacks; our ability to consummate and successfully integrate acquisitions; and amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions.

Evaluate Incumbent Directors Evaluate the independence of each non-employee director and recommend to the Board whether each non-employee director is independent Evaluate Resignations of Directors

A company’s carbon footprint includes all emissions from the supply chain, logistics, usage and disposal of all products.

We will work collaboratively with our suppliers to lessen the environmental impact of logistics across our global supply chain.

Evaluate Incumbent Directors. Evaluate the independence of each non-employee director and recommend to the Board whether each non-employee director is independent. Evaluate Resignations of Directors.

Simplified logistics