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<title>Document</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN180L2ZyYWc6YzA4NzM3NTFiOTdiNGZlYzlmODJkMjJiYWFmZDNjNTQvdGFibGU6YWFmMjhjYjJmMDUwNDIwNTljZWM2NjA4MjBiYzhiYzIvdGFibGVyYW5nZTphYWYyOGNiMmYwNTA0MjA1OWNlYzY2MDgyMGJjOGJjMl8yLTEtMS0xLTA_32e2cc42-2889-46c9-a561-4c3283f9a272">0001590714</ix:nonNumeric><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" format="ixt:booleanfalse" name="dei:AmendmentFlag" 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style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:18pt;font-weight:700;line-height:120%;">UNITED STATES</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:18pt;font-weight:700;line-height:120%;">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center;margin-top:6pt;margin-bottom:3pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:12pt;font-weight:700;line-height:120%;">Washington, D.C. 20549</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:8pt;font-weight:400;line-height:120%;">________________________________________________________</span></div><div style="text-align:center;margin-top:3pt;margin-bottom:3pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:18pt;font-weight:700;line-height:120%;">FORM <ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGV4dHJlZ2lvbjpjYzYwMmYxNGEyOTg0M2U3OTYyMGVlY2NmZGVkYjhhNl8xMzk_2c7783c7-79eb-46b5-8641-96138c5a0b3c">8-K</ix:nonNumeric> </span></div><div style="text-align:center;margin-bottom:3pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:8pt;font-weight:400;line-height:120%;">________________________________________________________</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:12pt;font-weight:700;line-height:120%;">CURRENT REPORT</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:12pt;font-weight:700;line-height:120%;">Pursuant to Section&#160;13 or 15(d) of</span></div><div style="text-align:center;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:12pt;font-weight:700;line-height:120%;">the Securities Exchange Act of 1934</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:12pt;font-weight:400;line-height:120%;">Date of Report (Date of earliest event reported): </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:12pt;font-weight:700;line-height:120%;"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGV4dHJlZ2lvbjpjYzYwMmYxNGEyOTg0M2U3OTYyMGVlY2NmZGVkYjhhNl8zMzY_5afa171c-0f19-4261-a0ec-78eb8ee1b2c4">November 26, 2019</ix:nonNumeric> </span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:8pt;font-weight:400;line-height:120%;">________________________________________________________</span></div><div style="text-align:center;"><img src="esi-20191126_g1.jpg" alt="esi-20191126_g1.jpg" style="height:134px;width:409px;"/></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New 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id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6NTU4ZDdjMDU2ZDFkNDZiMWIxOTE4ZTFjZDNjNDczYWUvdGFibGVyYW5nZTo1NThkN2MwNTZkMWQ0NmIxYjE5MThlMWNkM2M0NzNhZV8zLTQtMS0xLTA_9a916ed1-3ea5-42e5-ba75-c6b3aa609302">33394</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:right;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6NTU4ZDdjMDU2ZDFkNDZiMWIxOTE4ZTFjZDNjNDczYWUvdGFibGVyYW5nZTo1NThkN2MwNTZkMWQ0NmIxYjE5MThlMWNkM2M0NzNhZV80LTAtMS0xLTA_558b0168-3af5-4008-bb6c-1a942bd47e1f">Fort Lauderdale,</ix:nonNumeric></span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6NTU4ZDdjMDU2ZDFkNDZiMWIxOTE4ZTFjZDNjNDczYWUvdGFibGVyYW5nZTo1NThkN2MwNTZkMWQ0NmIxYjE5MThlMWNkM2M0NzNhZV80LTEtMS0xLTA_402e28c0-5652-4a24-8394-39beaad89372">Florida</ix:nonNumeric></span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:9pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">(Zip Code)</span></td></tr><tr><td colspan="6" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:9pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">(Address of principal executive offices)</span></td><td colspan="3" style="display:none;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td></tr></table></div><div style="text-align:center;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">Registrant's telephone number, including area code: &#160; </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:700;line-height:120%;">(<ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGV4dHJlZ2lvbjpjYzYwMmYxNGEyOTg0M2U3OTYyMGVlY2NmZGVkYjhhNl81NzI_7f407316-d5b9-4b6e-81fb-da54c12a7db5">561</ix:nonNumeric>) <ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGV4dHJlZ2lvbjpjYzYwMmYxNGEyOTg0M2U3OTYyMGVlY2NmZGVkYjhhNl81NzY_690257f4-01af-4530-a6fd-73ef9c880adb">207-9600</ix:nonNumeric> </span></div><div><span><br/></span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:700;line-height:120%;">Not Applicable</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:8pt;font-weight:400;line-height:120%;">________________________________________________________</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">(Former name or former address, if changed since last report)</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">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:</span></div><div style="margin-bottom:6pt;"><table style="margin-left:auto;margin-right:auto;border-collapse:collapse;text-align:left;text-indent:0pt;display:inline-table;width:99.853801%;"><tr><td style="width:1.0%;"></td><td style="width:7.370425%;"></td><td style="width:1.0%;"></td><td style="width:1.0%;"></td><td style="width:88.629575%;"></td><td style="width:1.0%;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:9pt;font-weight:400;font-family:'Arial Unicode MS';color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6ZTE2NGFlODMxZTRlNGI0ZWE0N2ZiMWJkM2EzZWVlMTgvdGFibGVyYW5nZTplMTY0YWU4MzFlNGU0YjRlYTQ3ZmIxYmQzYTNlZWUxOF8wLTAtMS0xLTA_1e9dbe60-8044-40a5-8f7a-6d47d0eee9c6">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:9pt;font-weight:400;font-family:'Arial Unicode MS';color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6ZTE2NGFlODMxZTRlNGI0ZWE0N2ZiMWJkM2EzZWVlMTgvdGFibGVyYW5nZTplMTY0YWU4MzFlNGU0YjRlYTQ3ZmIxYmQzYTNlZWUxOF8xLTAtMS0xLTA_30642ace-9433-4299-aa79-3568ad101c10">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:9pt;font-weight:400;font-family:'Arial Unicode MS';color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6ZTE2NGFlODMxZTRlNGI0ZWE0N2ZiMWJkM2EzZWVlMTgvdGFibGVyYW5nZTplMTY0YWU4MzFlNGU0YjRlYTQ3ZmIxYmQzYTNlZWUxOF8yLTAtMS0xLTA_9ead8c67-71a1-4fce-8ad8-436220f5f081">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:9pt;font-weight:400;font-family:'Arial Unicode MS';color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6ZTE2NGFlODMxZTRlNGI0ZWE0N2ZiMWJkM2EzZWVlMTgvdGFibGVyYW5nZTplMTY0YWU4MzFlNGU0YjRlYTQ3ZmIxYmQzYTNlZWUxOF8zLTAtMS0xLTA_d4624c0c-9817-4964-ae20-a59c65fc48d9">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div><span><br/></span></div><div style="margin-bottom:3pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:700;line-height:120%;">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="text-align:center;margin-bottom:6pt;"><table style="margin-left:auto;margin-right:auto;border-collapse:collapse;text-align:left;text-indent:0pt;display:inline-table;width:99.853801%;"><tr><td style="width:1.0%;"></td><td style="width:32.114202%;"></td><td style="width:1.0%;"></td><td style="width:1.0%;"></td><td style="width:29.771596%;"></td><td style="width:1.0%;"></td><td style="width:1.0%;"></td><td style="width:32.114202%;"></td><td style="width:1.0%;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;border-top:1pt solid #000000;border-left:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Title of each class</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;border-top:1pt solid #000000;border-left:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Trading symbol(s)</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;border-top:1pt solid #000000;border-left:1pt solid #000000;padding-left:1pt;border-right:1pt solid #000000;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6Njk5YzU5NGNkYjNhNDZhMmEzMDVhZWZiNWM5NmI4NWYvdGFibGVyYW5nZTo2OTljNTk0Y2RiM2E0NmEyYTMwNWFlZmI1Yzk2Yjg1Zl8xLTAtMS0xLTA_219e9a31-485a-4a37-a0da-e650afe13c50">Common Stock, par value $0.01 per share</ix:nonNumeric></span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;border-top:1pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6Njk5YzU5NGNkYjNhNDZhMmEzMDVhZWZiNWM5NmI4NWYvdGFibGVyYW5nZTo2OTljNTk0Y2RiM2E0NmEyYTMwNWFlZmI1Yzk2Yjg1Zl8xLTEtMS0xLTA_75328356-cc6f-4130-a442-d3b6166e240a">ESI</ix:nonNumeric></span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;border-top:1pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;padding-left:1pt;border-right:1pt solid #000000;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6Njk5YzU5NGNkYjNhNDZhMmEzMDVhZWZiNWM5NmI4NWYvdGFibGVyYW5nZTo2OTljNTk0Y2RiM2E0NmEyYTMwNWFlZmI1Yzk2Yjg1Zl8xLTItMS0xLTA_e76c9404-bf92-4b2e-b88a-bcf73272c934">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div style="text-align:justify;margin-top:6pt;"><span><br/></span></div><div style="text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2).</span></div><div style="padding-left:2.25pt;margin-bottom:6pt;"><table style="margin-left:auto;margin-right:auto;border-collapse:collapse;text-align:left;text-indent:0pt;display:inline-table;width:99.122807%;"><tr><td style="width:1.0%;"></td><td style="width:28.235988%;"></td><td style="width:1.0%;"></td><td style="width:1.0%;"></td><td style="width:16.436578%;"></td><td style="width:1.0%;"></td><td style="width:1.0%;"></td><td style="width:24.106195%;"></td><td style="width:1.0%;"></td><td style="width:1.0%;"></td><td style="width:23.221239%;"></td><td style="width:1.0%;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:middle;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Emerging growth company</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:9pt;font-weight:400;font-family:'Arial Unicode MS';color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i30fcbd40ad8a4e99a249402d479da253_D20190826-20190826" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOjY4YWFkNWExY2NhZTQyN2RiZDkzN2I3NWE1Y2RmNzA3L3NlYzo2OGFhZDVhMWNjYWU0MjdkYmQ5MzdiNzVhNWNkZjcwN18xL2ZyYWc6Y2M2MDJmMTRhMjk4NDNlNzk2MjBlZWNjZmRlZGI4YTYvdGFibGU6Mzk1Y2ZlNTBiN2Y3NDdkMzgyZGJkYjllNDE2MWJlZjYvdGFibGVyYW5nZTozOTVjZmU1MGI3Zjc0N2QzODJkYmRiOWU0MTYxYmVmNl8wLTEtMS0xLTA_16154425-7132-41ac-a82e-85ee155f02df">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td></tr></table></div><div style="padding-left:2.25pt;"><span><br/></span></div><div style="padding-left:2.25pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial Unicode MS';font-size:10pt;font-weight:400;line-height:120%;">&#9744;</span></div><div id="i_0_7"></div><div style="margin-bottom:12pt;"></div><div style="position:relative;width:100%;height:42.75pt;width:100%;"><div style="position:absolute;bottom:0;width:100%;"><div style="text-align:center;"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="height:42.75pt;width:100%;"><div style="text-align:right;"><span><br/></span></div></div><div style="margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:700;line-height:120%;">Item 1.01. Entry into a Material Definitive Agreement.</span></div><div style="text-align:justify;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">On November 26, 2019, Element Solutions Inc (the "Company"), MacDermid, Incorporated ("MacDermid") and certain subsidiaries of the Company entered into and closed the transactions contemplated by an amendment ("Amendment No.1") to the Credit Agreement, dated as of January 31, 2019, by and among, inter alios, the Company, MacDermid, certain subsidiaries of the Company from time to time parties thereto, the lenders from time to time parties thereto and Barclays Bank PLC, as administrative agent and collateral agent (the "Credit Agreement"). Amendment No. 1 provided for the refinancing of existing tranche B term loans denominated in U.S. dollars of $744,375,000 million (collectively, the "Existing Term Loans") by creating a new tranche B-1 of term loans denominated in U.S. dollars in an aggregate principal amount of $744,375,000 million (collectively, the "Refinanced Term Loans") and reducing the interest rate applicable to the Refinanced Term Loans by 25 basis points. Concurrently with the creation of the Refinanced Term Loans, the proceeds of the $744,375,000 million of Refinanced Term Loans were used to prepay in full the Existing Term Loans. </span></div><div style="text-align:justify;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">Pursuant to Amendment No.1, the applicable interest rate for borrowings under the Refinanced Term Loans was reduced to (a) a spread of 1.00% per annum for based rate loans and (b) a spread of 2.00% for eurocurrency rate loans, plus, in each case, an additional rate per annum which was not amended: (a) for base rate loans, a base rate determined by reference to the highest of (i) the federal funds effective rate plus 0.50%, (ii) the rate of interest quoted by The Wall Street Journal as the prime rate in the United States, and (iii) an adjusted one month London Inter-bank Offered Rate (&#8220;LIBOR&#8221;), plus 1.00%; and (b) for eurocurrency rate loans, an adjusted LIBOR rate determined by reference to the cost of funds for the applicable currency for the interest period relevant to such borrowing, subject to a LIBOR rate floor of 0.0% per annum. The maturity date of the Refinanced Term Loans is the same as the Existing Term Loans' maturity date, January 31, 2026. The Company's previously-announced cross-currency swap and interest rate swap agreements will continue to apply to the Refinanced Term Loans upon the same terms and conditions, effectively fixing the interest rate of the Refinanced Term Loans at approximately 2.00% on the Euro equivalent balance of the Refinanced Term Loans through January 2024.</span></div><div style="text-align:justify;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">Except as set forth in Amendment No. 1 and above, the Refinanced Term Loans have identical terms as the Existing Term Loans and are otherwise subject to the provisions of the Credit Agreement.</span></div><div style="text-align:justify;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">The foregoing descriptions of Amendment No. 1 and the Credit Agreement do not purport to be complete and are qualified in their entirety by reference to the full texts of Amendment No. 1 and the Credit Agreement which are attached hereto as Exhibit 10.1 and Exhibit 10.2, respectively, and incorporated herein by reference.</span></div><div id="i_0_124"></div><div style="text-align:justify;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:700;line-height:120%;">Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</span></div><div style="text-align:justify;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated in this Item 2.03 by reference.</span></div><div id="i_0_130"></div><div style="text-align:justify;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:700;line-height:120%;">Item 8.01. Other Events.</span></div><div style="text-align:justify;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">On December 3, 2019, the Company issued a press release announcing the refinancing of the Existing Term Loans as well as the completion of the Company's acquisition of the Kester business. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</span></div><div id="i_0_10"></div><div style="text-align:justify;-sec-extract:summary;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:700;line-height:120%;">Item 9.01. Financial Statements and Exhibits.</span></div><div style="text-align:justify;"><span><br/></span></div><div style="text-align:justify;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:700;line-height:120%;">(d) Exhibits.</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div style="text-align:justify;margin-top:12pt;margin-bottom:3pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">The following exhibits are filed herewith:</span></div><div style="text-align:center;margin-top:5pt;margin-bottom:6pt;"><table style="margin-left:auto;margin-right:auto;border-collapse:collapse;text-align:left;text-indent:0pt;display:inline-table;width:99.415205%;"><tr><td style="width:1.0%;"></td><td style="width:11.529412%;"></td><td style="width:1.0%;"></td><td style="width:0.1%;"></td><td style="width:0.535294%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:83.735294%;"></td><td style="width:1.0%;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Exhibit Number</span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Description</span></td></tr><tr><td colspan="2" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;border-top:1pt solid #000000;padding-left:1pt;padding-right:0%;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">10.1&#160;</span></td><td style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:right;vertical-align:top;border-top:1pt solid #000000;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">&#160;</span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #000000;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;border-top:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><div style="text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;"><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="esi-amendmentno1tocred.htm">Amendment No.1, dated November 26, 2019, among, inter alios, the Company, MacDermid, the subsidiaries of the Company from t</a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="esi-amendmentno1tocred.htm">i</a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="esi-amendmentno1tocred.htm">me to time parties thereto, the lenders from time to time parties thereto, and Barclays Bank PLC, as administrative and collateral agent</a></span></div></td></tr><tr><td colspan="2" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:0%;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">10.2&#160;</span></td><td style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:right;vertical-align:top;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">&#160;</span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><div><span style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;"><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm">Credit Agreement, dated as of January 31, 2019, by and among, inter ali</a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm">os</a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm">, the Company, MacDermid, the subsidiaries of the </a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm">Compan</a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm">y</a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm"> from time to time parties thereto, the lenders from time to time parties thereto and Barclays</a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm"> </a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm">Bank </a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm">PLC</a><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm">, as administrative agent and collateral agent</a></span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;"> (filed as Exhibit 10.1 of the Current Report on Form 8-K filed on February 5, 2019 and incorporated herein by reference)</span></div></td></tr><tr><td colspan="2" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:0%;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">99.1&#160;</span></td><td style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:right;vertical-align:top;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">&#160;</span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><div style="text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;"><a style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:100%;text-decoration: underline;-sec-extract:exhibit;" href="esirepricing-kesterpre.htm">Press release, issued on December 3, 2019, announcing the refinancing of the Existing Term Loans as well as the completion of the Company's acquisition of the Kester business</a></span></div></td></tr></table></div><div style="text-align:center;margin-top:5pt;margin-bottom:5pt;"><span><br/></span></div><div id="i_0_13"></div><div style="text-align:center;margin-bottom:12pt;"></div><div style="position:relative;width:100%;height:42.75pt;width:100%;"><div style="position:absolute;bottom:0;width:100%;"><div style="text-align:center;"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="height:42.75pt;width:100%;"><div style="text-align:right;"><span><br/></span></div></div><div style="text-align:center;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:12pt;font-weight:700;line-height:120%;">SIGNATURE</span></div><div style="text-indent:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">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.</span></div><div><span><br/></span></div><div style="margin-bottom:6pt;"><table style="margin-left:auto;margin-right:auto;border-collapse:collapse;text-align:left;text-indent:0pt;display:inline-table;width:99.853801%;"><tr><td style="width:1.0%;"></td><td style="width:44.120059%;"></td><td style="width:1.0%;"></td><td style="width:0.1%;"></td><td style="width:1.367496%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:48.512445%;"></td><td style="width:1.0%;"></td></tr><tr><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">ELEMENT SOLUTIONS INC</span></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">&#160;</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">&#160;</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">(Registrant)</span></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">December 3, 2019</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">&#160;</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">/s/ Carey J. Dorman</span></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;border-top:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">(Date)</span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;border-top:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Carey J. Dorman</span></td></tr><tr><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">&#160;</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman';color:#000000;background-color:rgb(255,255,255, 0.0);">Chief Financial Officer </span></td></tr></table></div><div><span><br/></span></div><div style="position:relative;width:100%;height:42.75pt;width:100%;"><div style="position:absolute;bottom:0;width:100%;"><div style="text-align:center;"><span><br/></span></div></div></div></body></html>
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Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________________________________
FORM
8-K
________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 26, 2019
________________________________________________________
Element Solutions Inc
________________________________________________________
(Exact name of registrant as specified in its charter)
Delaware
001-36272
37-1744899
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
500 East Broward Boulevard,
Suite 1860
33394
Fort Lauderdale,
Florida
(Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code:
(
561
)
207-9600
Not Applicable
________________________________________________________
(Former name or former address, if changed since last report)
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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01 per share
ESI
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 1.01. Entry into a Material Definitive Agreement.
On November 26, 2019, Element Solutions Inc (the "Company"), MacDermid, Incorporated ("MacDermid") and certain subsidiaries of the Company entered into and closed the transactions contemplated by an amendment ("Amendment No.1") to the Credit Agreement, dated as of January 31, 2019, by and among, inter alios, the Company, MacDermid, certain subsidiaries of the Company from time to time parties thereto, the lenders from time to time parties thereto and Barclays Bank PLC, as administrative agent and collateral agent (the "Credit Agreement"). Amendment No. 1 provided for the refinancing of existing tranche B term loans denominated in U.S. dollars of $744,375,000 million (collectively, the "Existing Term Loans") by creating a new tranche B-1 of term loans denominated in U.S. dollars in an aggregate principal amount of $744,375,000 million (collectively, the "Refinanced Term Loans") and reducing the interest rate applicable to the Refinanced Term Loans by 25 basis points. Concurrently with the creation of the Refinanced Term Loans, the proceeds of the $744,375,000 million of Refinanced Term Loans were used to prepay in full the Existing Term Loans.
Pursuant to Amendment No.1, the applicable interest rate for borrowings under the Refinanced Term Loans was reduced to (a) a spread of 1.00% per annum for based rate loans and (b) a spread of 2.00% for eurocurrency rate loans, plus, in each case, an additional rate per annum which was not amended: (a) for base rate loans, a base rate determined by reference to the highest of (i) the federal funds effective rate plus 0.50%, (ii) the rate of interest quoted by The Wall Street Journal as the prime rate in the United States, and (iii) an adjusted one month London Inter-bank Offered Rate ("LIBOR"), plus 1.00%; and (b) for eurocurrency rate loans, an adjusted LIBOR rate determined by reference to the cost of funds for the applicable currency for the interest period relevant to such borrowing, subject to a LIBOR rate floor of 0.0% per annum. The maturity date of the Refinanced Term Loans is the same as the Existing Term Loans' maturity date, January 31, 2026. The Company's previously-announced cross-currency swap and interest rate swap agreements will continue to apply to the Refinanced Term Loans upon the same terms and conditions, effectively fixing the interest rate of the Refinanced Term Loans at approximately 2.00% on the Euro equivalent balance of the Refinanced Term Loans through January 2024.
Except as set forth in Amendment No. 1 and above, the Refinanced Term Loans have identical terms as the Existing Term Loans and are otherwise subject to the provisions of the Credit Agreement.
The foregoing descriptions of Amendment No. 1 and the Credit Agreement do not purport to be complete and are qualified in their entirety by reference to the full texts of Amendment No. 1 and the Credit Agreement which are attached hereto as Exhibit 10.1 and Exhibit 10.2, respectively, and incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated in this Item 2.03 by reference.
Item 8.01. Other Events.
On December 3, 2019, the Company issued a press release announcing the refinancing of the Existing Term Loans as well as the completion of the Company's acquisition of the Kester business. A copy of 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.
The following exhibits are filed herewith:
Exhibit Number
Description
10.1
Amendment No.1, dated November 26, 2019, among, inter alios, the Company, MacDermid, the subsidiaries of the Company from t
i
me to time parties thereto, the lenders from time to time parties thereto, and Barclays Bank PLC, as administrative and collateral agent
10.2
Credit Agreement, dated as of January 31, 2019, by and among, inter ali
os
, the Company, MacDermid, the subsidiaries of the
Compan
y
from time to time parties thereto, the lenders from time to time parties thereto and Barclays
Bank
PLC
, as administrative agent and collateral agent
(filed as Exhibit 10.1 of the Current Report on Form 8-K filed on February 5, 2019 and incorporated herein by reference)
99.1
Press release, issued on December 3, 2019, announcing the refinancing of the Existing Term Loans as well as the completion of the Company's acquisition of the Kester business
SIGNATURE
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.
ELEMENT SOLUTIONS INC
(Registrant)
December 3, 2019
/s/ Carey J. Dorman
(Date)
Carey J. Dorman
Chief Financial Officer