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TMCNet:  CF INDUSTRIES HOLDINGS, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

[December 20, 2013]

CF INDUSTRIES HOLDINGS, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously reported by CF Industries Holdings, Inc. (the "Company") on a Form 8-K dated September 16, 2013, Stephen R. Wilson, Chairman, President and Chief Executive Officer ("CEO") of the Company, will retire as president and CEO effective January 1, 2014, and W. Anthony Will, currently senior vice president, manufacturing and distribution, of the Company was selected to succeed Mr. Wilson as the Company's president and CEO, effective January 2, 2014.

Mr. Wilson will remain a director of the Company and will serve as non-executive Chairman of the Board.

On December 18, 2013, the board of directors (the "Board") of the Company expanded the size of the board to increase the number of directors to nine, effective January 2, 2014, and elected Mr. Will to the Board, effective January 2, 2014, to hold office as a Class I director. It is expected that Mr. Will will stand for re-election at the Company's 2015 annual meeting of stockholders.

In connection with his retirement as president and CEO of the Company and his continued service on the Board, on December 18, 2013, the Board, upon recommendation of the Compensation Committee of the Board (the "Committee"), approved compensation in the amount of $360,000 per year, payable quarterly, for Mr. Wilson's service as a director and non-executive Chairman. This compensation is in lieu of any other compensation paid to non-employee directors of the Company. Also on December 18, 2013, the Committee approved an amendment to the outstanding stock option and restricted stock awards held by Mr. Wilson, effective upon his retirement, which amendment provides that such outstanding equity awards will continue to vest during his continued service as a director.

In connection with Mr. Will's election to the position of president and CEO of the Company, on December 18, 2013, the Committee approved (i) a base salary for 2014 of $860,000 and (ii) a target bonus incentive for 2014 of 100% of his base salary under the Company's short-term incentive program, effective upon his commencement to the role of president and CEO on January 2, 2014. Mr. Will will not receive any additional compensation for his service as a director.

On December 20, 2013, the Company issued a press release regarding the matters described in this Item 5.02. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description of Exhibit 99.1 Press release dated December 20, 2013 2 --------------------------------------------------------------------------------

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