FutureFuel director Paul Manheim retires, board size reduced to eight
FutureFuel Corp. director Paul M. Manheim will retire from the Board at the 2026 annual meeting, reducing the Board to eight members. Manheim served as Audit Committee chair and Compensation Committee member since 2015. The Board is evaluating committee composition changes.
*this image is generated using AI for illustrative purposes only.
FutureFuel Corp. announced that Paul M. Manheim will retire from its Board of Directors at the company's 2026 annual meeting. Manheim, who served as chair of the Audit Committee and a member of the Compensation Committee, decided not to stand for re-election. His departure will reduce the Board's size to eight members effective immediately following the meeting.
Manheim has served on the Board since 2015. The company stated his resignation was not due to any dispute or disagreement with FutureFuel or the Board. The Board is currently evaluating changes to the composition of its committees following this decision.
Board Changes
The reduction in Board size is a direct result of Manheim's retirement. The company is reviewing its committee structures to align with the new Board composition.
| Committee Role | Status |
|---|---|
| Audit Committee Chair | Vacated by Paul M. Manheim |
| Compensation Committee Member | Vacated by Paul M. Manheim |
| Board Size | Reduced to eight members |
FutureFuel manufactures custom and performance chemicals and biofuels. The company produces specialty chemicals for specific customers and multi-customer specialty chemicals. Its biofuels segment primarily produces and sells biodiesel.
Who will be appointed to succeed Paul M. Manheim as Chair of the Audit Committee?
How will the reduction in Board size impact FutureFuel's governance strategy and decision-making efficiency?
Will FutureFuel look to expand its Board again in the future to bring in additional expertise?
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