{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T09:04:08.435973+00:00","company":{"ticker":"SON","cik":91767,"company_name":"SONOCO PRODUCTS CO"},"pagination":{"limit":100,"returned":51,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"CoBank, FCB","detail":"credit_facility","count":1,"first_seen":"2023-08-10T23:59:59+00:00","last_seen":"2023-08-10T23:59:59+00:00","evidence_fact_ids":[121247]},{"display_name":"JPMorgan Chase Bank, N.A.","detail":"credit_facility","count":1,"first_seen":"2022-12-07T23:59:59+00:00","last_seen":"2022-12-07T23:59:59+00:00","evidence_fact_ids":[192778]},{"display_name":"a consortium of Farm Credit System institutions and CoBank, ACB","detail":"credit_facility","count":1,"first_seen":"2023-08-10T23:59:59+00:00","last_seen":"2023-08-10T23:59:59+00:00","evidence_fact_ids":[121246]},{"display_name":"lenders party thereto and Wells Fargo Bank, National Association","detail":"credit_facility","count":1,"first_seen":"2026-03-23T23:59:59+00:00","last_seen":"2026-03-23T23:59:59+00:00","evidence_fact_ids":[27543]},{"display_name":"the lenders party thereto","detail":"credit_facility","count":1,"first_seen":"2024-05-07T23:59:59+00:00","last_seen":"2024-05-07T23:59:59+00:00","evidence_fact_ids":[55053]}],"lender":[{"display_name":"CoBank, ACB","detail":"credit_facility","count":1,"first_seen":"2023-08-10T23:59:59+00:00","last_seen":"2023-08-10T23:59:59+00:00","evidence_fact_ids":[121248]},{"display_name":"CoBank, FCB","detail":"revolving_credit","count":1,"first_seen":"2023-08-10T23:59:59+00:00","last_seen":"2023-08-10T23:59:59+00:00","evidence_fact_ids":[121249]},{"display_name":"JPMorgan Chase Bank, N.A.","detail":"term_loan","count":1,"first_seen":"2022-12-07T23:59:59+00:00","last_seen":"2022-12-07T23:59:59+00:00","evidence_fact_ids":[192780]},{"display_name":"Wells Fargo Bank, National Association","detail":"term_loan","count":1,"first_seen":"2026-03-23T23:59:59+00:00","last_seen":"2026-03-23T23:59:59+00:00","evidence_fact_ids":[24828]}],"ma_counterparty":[{"display_name":"TOPPAN Holdings Inc.","detail":"disposition","count":1,"first_seen":"2025-04-01T23:59:59+00:00","last_seen":"2025-04-01T23:59:59+00:00","evidence_fact_ids":[86819]},{"display_name":"Titan Holdings Coöperatief U.A. and Titan Holdings I B.V.","detail":"acquisition","count":1,"first_seen":"2024-12-04T23:59:59+00:00","last_seen":"2024-12-04T23:59:59+00:00","evidence_fact_ids":[103931]}]},"facts":[{"fact_type":"executive_change","fact_key":"c4ff3c19d6","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2026-05-11T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2026-05-29","interim":false,"role":"Chief Accounting Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Aditya Gandhi resigned as Chief Accounting Officer at SONOCO PRODUCTS CO.","evidence_excerpt":"On May 5, 2026, Aditya Gandhi informed Sonoco Products Company (the “Company”) of his intention to resign from his position as Chief Accounting Officer, effective May 29, 2026.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000091767-26-000024","anchor_url":"https://secwatch.observer/filing/0000091767-26-000024#claim-c4ff3c19d6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176726000024/0000091767-26-000024-index.htm"},{"fact_type":"earnings_release","fact_key":"583b1698ad9882f33bd26c9c1f4748c7756f7f6f","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2026-04-21T23:59:59+00:00","payload":{"eps_text":"$5.80 to $6.20","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"full year 2026","report_date":"2026-04-21","result_type":"guidance_update","revenue_text":null},"claim":"SONOCO PRODUCTS CO reported full year 2026 results: EPS $5.80 to $6.20. 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Summary: • Net sales in the first quarter were $1.7 billion • Reported first quarter U.S. generally accepted accounting principles (“GAAP”) net income attributable to Sonoco of $67.6 million, up from $54.4 million in the same period in","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-26-000019","anchor_url":"https://secwatch.observer/filing/0000091767-26-000019#claim-8b062cbd762e0a2ec5851dc851d174e0ea337579","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176726000019/0000091767-26-000019-index.htm"},{"fact_type":"material_agreement","fact_key":"96a6bdd2626b1f83919c3a7dedd90725a0fd0b2e","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2026-03-23T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Term Credit Agreement","agreement_type":"credit_facility","counterparty":"lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent","effective_date":"2026-03-23","item_codes_triggered":["1.01"],"value_text":"$300 million"},"claim":"SONOCO PRODUCTS CO entered into Term Credit Agreement with lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent valued at $300 million (effective 2026-03-23).","evidence_excerpt":"On March 23, 2026, Sonoco Products Company (the “Company”) entered into a credit agreement with the lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent (the “Term Credit Agreement”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-26-033319","anchor_url":"https://secwatch.observer/filing/0001104659-26-033319#claim-96a6bdd2626b1f83919c3a7dedd90725a0fd0b2e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465926033319/0001104659-26-033319-index.htm"},{"fact_type":"debt_financing","fact_key":"b6087541c07c97d35de7eacce89049ce9ba76a12","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2026-03-23T23:59:59+00:00","payload":{"counterparty":"Wells Fargo Bank, National Association","effective_date":"2026-03-23","event":"incurrence","instrument_type":"term_loan","interest_rate_text":"Term SOFR plus 0.850% to 1.100% per annum or Base Rate plus 0.000% to 0.100% per","item_codes_triggered":["2.03"],"maturity_text":"second anniversary of the Funding Date","principal_text":"up to $300 million"},"claim":"SONOCO PRODUCTS CO incurred term loan of up to $300 million with Wells Fargo Bank, National Association at Term SOFR plus 0.850% to 1.100% per annum or Base Rate plus 0.000% to 0.100% per maturing second anniversary of the Funding Date.","evidence_excerpt":"The Term Credit Agreement provides the Company with a delayed draw term loan facility in an aggregate principal amount of up to $300 million on an unsecured basis (the “Term Loan Facility”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-26-033319","anchor_url":"https://secwatch.observer/filing/0001104659-26-033319#claim-b6087541c07c97d35de7eacce89049ce9ba76a12","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465926033319/0001104659-26-033319-index.htm"},{"fact_type":"executive_change","fact_key":"4c9e080825","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2025-06-17T23:59:59+00:00","payload":{"action":"will assume a senior finance leadership role","action_category":"role_change","departure_tone":"not_applicable","effective_date":null,"interim":false,"role":"Interim Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Jerry A. Cheatham changed role as Interim Chief Financial Officer at SONOCO PRODUCTS CO.","evidence_excerpt":"Mr. Cheatham will assume a senior finance leadership role with the Company.","confidence":0.85,"filing_url":"https://secwatch.observer/filing/0001104659-25-060068","anchor_url":"https://secwatch.observer/filing/0001104659-25-060068#claim-4c9e080825","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465925060068/0001104659-25-060068-index.htm"},{"fact_type":"executive_change","fact_key":"61d4befa92","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2025-06-17T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-06-30","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Paul Joachimczyk was appointed as Chief Financial Officer at SONOCO PRODUCTS CO.","evidence_excerpt":"appointed Paul Joachimczyk to the role of Chief Financial Officer, effective June 30, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-25-060068","anchor_url":"https://secwatch.observer/filing/0001104659-25-060068#claim-61d4befa92","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465925060068/0001104659-25-060068-index.htm"},{"fact_type":"executive_change","fact_key":"ec9d1252cb","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2025-06-17T23:59:59+00:00","payload":{"action":"assumed","action_category":"role_change","departure_tone":"routine","effective_date":null,"interim":false,"role":"senior finance leadership role","role_category":"other_named_officer","successor_name":"Paul Joachimczyk","successor_named":true},"claim":"Jerry A. Cheatham changed role as senior finance leadership role at SONOCO PRODUCTS CO.","evidence_excerpt":"Jerry A. Cheatham, the Company’s Interim Chief Financial Officer, will continue to serve as principal financial officer until the filing of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending June 29, 2025, following which Mr. Joachimczyk will assume the role of principal financial officer and Mr. Cheatham will assume a senior finance leadership role with the Company.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-25-060329","anchor_url":"https://secwatch.observer/filing/0001104659-25-060329#claim-ec9d1252cb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465925060329/0001104659-25-060329-index.htm"},{"fact_type":"executive_change","fact_key":"914c23d68b","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2025-06-17T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-06-30","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Paul Joachimczyk was appointed as Chief Financial Officer at SONOCO PRODUCTS CO.","evidence_excerpt":"On June 17, 2025, the Company appointed Paul Joachimczyk to the role of Chief Financial Officer, effective June 30, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-25-060329","anchor_url":"https://secwatch.observer/filing/0001104659-25-060329#claim-914c23d68b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465925060329/0001104659-25-060329-index.htm"},{"fact_type":"ma_transaction","fact_key":"0f6347204c5c06024cec888fc73acdadb9f97676","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2025-04-01T23:59:59+00:00","payload":{"action":"disposition","closing_date":"2025-04-01","consideration_text":"$1.8 billion","counterparty":"TOPPAN Holdings Inc.","effective_date":"2025-04-01","item_codes_triggered":["2.01"]},"claim":"SONOCO PRODUCTS CO completed a disposition involving TOPPAN Holdings Inc. for $1.8 billion (closed 2025-04-01).","evidence_excerpt":"Inc., a Japanese corporation (“ Buyer ”) (such sale, the “ Transaction ”). Under the terms of the Purchase Agreement, the aggregate cash purchase\nprice paid by Buyer was $1.8 billion, as adjusted in accordance with the terms of the Purchase Agreement and subject to customary post-closing\nadjustments as set forth in the Purchase Agreement. In connection with","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-25-030277","anchor_url":"https://secwatch.observer/filing/0001104659-25-030277#claim-0f6347204c5c06024cec888fc73acdadb9f97676","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465925030277/0001104659-25-030277-index.htm"},{"fact_type":"executive_change","fact_key":"b3f10ce895","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2025-02-13T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-02-12","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Scott A. Clark was appointed as Director at SONOCO PRODUCTS CO.","evidence_excerpt":"On February 12, 2025, upon the recommendation of its Corporate Governance and Nominating Committee, the Board of Directors (the “Board”) of Sonoco Products Company (the “Company”) approved an increase to the size of the Board from eleven (11) to twelve (12) directors and appointed Scott A. Clark to the Board.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-25-012955","anchor_url":"https://secwatch.observer/filing/0001104659-25-012955#claim-b3f10ce895","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465925012955/0001104659-25-012955-index.htm"},{"fact_type":"executive_change","fact_key":"1e33c55fcc","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2025-01-06T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-01-03","interim":true,"role":"interim Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Jerry A. Cheatham was appointed as interim Chief Financial Officer at SONOCO PRODUCTS CO.","evidence_excerpt":"Jerry A. Cheatham, the Vice President of Global Finance for the Company’s Industrial Paper Packaging segment and a 36-year finance leader within the Company, was appointed to the role of interim Chief Financial Officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-25-001112","anchor_url":"https://secwatch.observer/filing/0001104659-25-001112#claim-1e33c55fcc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465925001112/0001104659-25-001112-index.htm"},{"fact_type":"executive_change","fact_key":"b38defa2c4","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2025-01-06T23:59:59+00:00","payload":{"action":"separated","action_category":"departure","departure_tone":"routine","effective_date":"2025-01-03","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":"Jerry A. Cheatham","successor_named":true},"claim":"Robert R. Dillard departed as Chief Financial Officer at SONOCO PRODUCTS CO.","evidence_excerpt":"Robert R. 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The purchase price paid by the Company at the closing of the Acquisition (the “Purchase Price”) was €3.615 billion","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-24-125284","anchor_url":"https://secwatch.observer/filing/0001104659-24-125284#claim-b63a11a3d46aab5771a3e93267f18d5b86eaf3d5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465924125284/0001104659-24-125284-index.htm"},{"fact_type":"debt_financing","fact_key":"217118c67eb358e4c4812679350e281452496626","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-05-07T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2024-05-03","event":"incurrence","instrument_type":"revolving_credit","interest_rate_text":"Term SOFR plus 10 basis points SOFR Adjustment and applicable margin of 125.0 ba","item_codes_triggered":["2.03"],"maturity_text":"May 3, 2029","principal_text":"$1,250 million"},"claim":"SONOCO PRODUCTS CO incurred revolving credit of $1,250 million at Term SOFR plus 10 basis points SOFR Adjustment and applicable margin of 125.0 ba maturing May 3, 2029.","evidence_excerpt":"The Agreement increases the commitments under the Company's revolving credit facility by $350 million to an aggregate amount of $1,250 million and extends the maturity date to May 3, 2029.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-24-000032","anchor_url":"https://secwatch.observer/filing/0000091767-24-000032#claim-217118c67eb358e4c4812679350e281452496626","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000032/0000091767-24-000032-index.htm"},{"fact_type":"material_agreement","fact_key":"53d8cde9b3ef2ea30286253d1cee96dc12efdba3","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-05-07T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Amended and Restated Credit Agreement","agreement_type":"credit_facility","counterparty":"the lenders party thereto","effective_date":"2024-05-03","item_codes_triggered":["1.01"],"value_text":"$1,250 million revolving credit facility maturing May 3, 2029"},"claim":"SONOCO PRODUCTS CO entered into Amended and Restated Credit Agreement with the lenders party thereto valued at $1,250 million revolving credit facility maturing May 3, 2029 (effective 2024-05-03).","evidence_excerpt":"On May 3, 2024, Sonoco Products Company (the “Company”) entered into an Amended and Restated Credit Agreement (the “Agreement”) to extend the maturity and make certain other changes to the terms under the Company’s existing five-year credit agreement dated June 21, 2021.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0000091767-24-000032","anchor_url":"https://secwatch.observer/filing/0000091767-24-000032#claim-53d8cde9b3ef2ea30286253d1cee96dc12efdba3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000032/0000091767-24-000032-index.htm"},{"fact_type":"earnings_release","fact_key":"c5991d2ebf28ff084d401173d1a1a88ffcc8e433","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-04-30T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"second quarter and full year 2024","report_date":"2024-04-30","result_type":"guidance_update","revenue_text":null},"claim":"SONOCO PRODUCTS CO updated its second quarter and full year 2024 guidance (reaffirmed).","evidence_excerpt":"The Company also provided guidance for the second quarter and full year 2024.","confidence":0.7,"filing_url":"https://secwatch.observer/filing/0000091767-24-000026","anchor_url":"https://secwatch.observer/filing/0000091767-24-000026#claim-c5991d2ebf28ff084d401173d1a1a88ffcc8e433","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000026/0000091767-24-000026-index.htm"},{"fact_type":"earnings_release","fact_key":"65fe4050fa4e741281967e41c4bb6cf893a83577","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-04-30T23:59:59+00:00","payload":{"eps_text":"$0.66","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"$65 million","period_text":"first quarter ended March 31, 2024","report_date":"2024-04-30","result_type":"reported_results","revenue_text":"$1,638 million"},"claim":"SONOCO PRODUCTS CO reported first quarter ended March 31, 2024 results: revenue $1,638 million, net income $65 million, EPS $0.66. Guidance reaffirmed.","evidence_excerpt":"On April 30, 2024, Sonoco Products Company (the \"Company\") issued a news release reporting its financial results for the quarter ended March 31, 2024.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-24-000026","anchor_url":"https://secwatch.observer/filing/0000091767-24-000026#claim-65fe4050fa4e741281967e41c4bb6cf893a83577","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000026/0000091767-24-000026-index.htm"},{"fact_type":"shareholder_vote","fact_key":"7dacf0f50418cf09b1e40c0d13602765793d2bde","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-04-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-04-17","outcome":"failed","proposal_text":"Advisory (Non-binding) Shareholder Proposal Regarding Transparency in Political Spending","proposal_type":"say_on_pay","results":[{"broker_non_votes":"11,288,395","subject":null,"votes_abstain":"2,108,166","votes_against":"49,809,214","votes_for":"25,996,692","votes_withheld":null}]},"claim":"SONOCO PRODUCTS CO shareholders rejected Advisory (Non-binding) Shareholder Proposal Regarding Transparency in Political Spending at the 2024-04-17 meeting.","evidence_excerpt":"Advisory (Non-binding) Shareholder Proposal Regarding Transparency in Political Spending . The advisory (non-binding) shareholder proposal regarding transparency in political spending was not approved. The shareholders voted 25,996,692 for and 49,809,214 against the resolution, with 2,108,166 votes abstaining and 11,288,395 broker non-votes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-24-000020","anchor_url":"https://secwatch.observer/filing/0000091767-24-000020#claim-7dacf0f50418cf09b1e40c0d13602765793d2bde","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000020/0000091767-24-000020-index.htm"},{"fact_type":"shareholder_vote","fact_key":"78a43cdc6ab427dfe896cb58d198f287a15a16d8","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-04-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-04-17","outcome":"passed","proposal_text":"Approval of the Sonoco Products Company 2024 Omnibus Incentive Plan","proposal_type":"equity_plan","results":[{"broker_non_votes":"11,288,395","subject":null,"votes_abstain":"555,199","votes_against":"3,783,909","votes_for":"73,574,964","votes_withheld":null}]},"claim":"SONOCO PRODUCTS CO shareholders approved Approval of the Sonoco Products Company 2024 Omnibus Incentive Plan at the 2024-04-17 meeting.","evidence_excerpt":"Approval of the Sonoco Products Company 2024 Omnibus Incentive Plan . The 2024 Omnibus Incentive plan was approved. The shareholders voted 73,574,964 for and 3,783,909 against the resolution, with 555,199 votes abstaining and 11,288,395 broker non-votes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-24-000020","anchor_url":"https://secwatch.observer/filing/0000091767-24-000020#claim-78a43cdc6ab427dfe896cb58d198f287a15a16d8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000020/0000091767-24-000020-index.htm"},{"fact_type":"shareholder_vote","fact_key":"8c8164c0c22fddaf06d167030421378dbe82bfac","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-04-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-04-17","outcome":"passed","proposal_text":"Advisory (Non-binding) Resolution to Approve Executive Compensation","proposal_type":"say_on_pay","results":[{"broker_non_votes":"11,288,395","subject":null,"votes_abstain":"600,966","votes_against":"2,696,799","votes_for":"74,616,307","votes_withheld":null}]},"claim":"SONOCO PRODUCTS CO shareholders approved Advisory (Non-binding) Resolution to Approve Executive Compensation at the 2024-04-17 meeting.","evidence_excerpt":"Advisory (Non-binding) Resolution to Approve Executive Compensation . The advisory (non-binding) resolution on executive compensation was approved. The shareholders voted 74,616,307 for and 2,696,799 against the resolution, with 600,966 votes abstaining and 11,288,395 broker non-votes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-24-000020","anchor_url":"https://secwatch.observer/filing/0000091767-24-000020#claim-8c8164c0c22fddaf06d167030421378dbe82bfac","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000020/0000091767-24-000020-index.htm"},{"fact_type":"shareholder_vote","fact_key":"1bbed295f33fbfdd5134d1048cffec517a678f23","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-04-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-04-17","outcome":"passed","proposal_text":"Ratification of Independent Registered Public Accounting Firm","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"166,415","votes_against":"4,448,839","votes_for":"84,587,213","votes_withheld":null}]},"claim":"SONOCO PRODUCTS CO shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2024-04-17 meeting.","evidence_excerpt":"Ratification of Independent Registered Public Accounting Firm . The ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024 was approved. The shareholders voted 84,587,213 for and 4,448,839 against ratification, with 166,415 votes abstaining and no broker non-votes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-24-000020","anchor_url":"https://secwatch.observer/filing/0000091767-24-000020#claim-1bbed295f33fbfdd5134d1048cffec517a678f23","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000020/0000091767-24-000020-index.htm"},{"fact_type":"shareholder_vote","fact_key":"a37991fecaa541c44a56f74f7c2a66a4a1903bbb","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-04-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-04-17","outcome":"passed","proposal_text":"Election of Directors","proposal_type":"director_election","results":[{"broker_non_votes":"11,288,395","subject":"Steven L. Boyd","votes_abstain":"184,429","votes_against":"337,479","votes_for":"77,392,164","votes_withheld":null},{"broker_non_votes":"11,288,395","subject":"R. Howard Coker","votes_abstain":"94,850","votes_against":"1,908,807","votes_for":"75,910,415","votes_withheld":null},{"broker_non_votes":"11,288,395","subject":"Dr. Pamela L. Davies","votes_abstain":"183,565","votes_against":"3,509,014","votes_for":"74,221,493","votes_withheld":null},{"broker_non_votes":"11,288,395","subject":"Theresa J. Drew","votes_abstain":"215,364","votes_against":"310,548","votes_for":"77,388,160","votes_withheld":null},{"broker_non_votes":"11,288,395","subject":"Philippe Guillemot","votes_abstain":"184,908","votes_against":"812,574","votes_for":"76,916,590","votes_withheld":null},{"broker_non_votes":"11,288,395","subject":"John R. Haley","votes_abstain":"198,675","votes_against":"2,309,908","votes_for":"75,405,489","votes_withheld":null},{"broker_non_votes":"11,288,395","subject":"Robert R. Hill, Jr.","votes_abstain":"185,911","votes_against":"1,377,206","votes_for":"76,350,955","votes_withheld":null},{"broker_non_votes":"11,288,395","subject":"Eleni Istavridis","votes_abstain":"182,631","votes_against":"252,078","votes_for":"77,479,363","votes_withheld":null},{"broker_non_votes":"11,288,395","subject":"Richard G. Kyle","votes_abstain":"187,774","votes_against":"975,617","votes_for":"76,750,681","votes_withheld":null},{"broker_non_votes":"11,288,395","subject":"Blythe J. McGarvie","votes_abstain":"218,984","votes_against":"665,626","votes_for":"77,029,462","votes_withheld":null},{"broker_non_votes":"11,288,395","subject":"Thomas E. Whiddon","votes_abstain":"190,586","votes_against":"3,660,060","votes_for":"74,063,426","votes_withheld":null}]},"claim":"SONOCO PRODUCTS CO shareholders approved Election of Directors at the 2024-04-17 meeting.","evidence_excerpt":"Election of Directors . The following directors were elected: VOTES Term For Against Abstain Broker Non-Votes Steven L. Boyd 1 year 77,392,164 337,479 184,429 11,288,395 R. Howard Coker 1 year 75,910,415 1,908,807 94,850 11,288,395 Dr. Pamela L. Davies 1 year 74,221,493 3,509,014 183,565 11,288,395 Theresa J. Drew 1 year 77,388,160 310,548 215,364 11,288,395 Philippe Guillemot 1 year 76,916,590 812,574 184,908 11,288,395 John R. Haley 1 year 75,405,489 2,309,908 198,675 11,288,395 Robert R. Hill, Jr. 1 year 76,350,955 1,377,206 185,911 11,288,395 Eleni Istavridis 1 year 77,479,363 252,078 182,631 11,288,395 Richard G. Kyle 1 year 76,750,681 975,617 187,774 11,288,395 Blythe J. McGarvie 1 year 77,029,462 665,626 218,984 11,288,395 Thomas E. Whiddon 1 year 74,063,426 3,660,060 190,586 11,288,395","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-24-000020","anchor_url":"https://secwatch.observer/filing/0000091767-24-000020#claim-a37991fecaa541c44a56f74f7c2a66a4a1903bbb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000020/0000091767-24-000020-index.htm"},{"fact_type":"earnings_release","fact_key":"f7d594a1c4a881a03fb6f1ad33a67a8a93ad2ff7","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-02-15T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the quarter and year ended December 31, 2023","report_date":"2024-02-14","result_type":"reported_results","revenue_text":null},"claim":"SONOCO PRODUCTS CO updated its the quarter and year ended December 31, 2023 guidance (initiated).","evidence_excerpt":"On February 14, 2024, Sonoco Products Company (the \"Company\") issued a news release reporting its financial results for the quarter and year ended December 31, 2023. The Company also provided guidance for the first quarter and full year 2024.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-24-000005","anchor_url":"https://secwatch.observer/filing/0000091767-24-000005#claim-f7d594a1c4a881a03fb6f1ad33a67a8a93ad2ff7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000005/0000091767-24-000005-index.htm"},{"fact_type":"earnings_release","fact_key":"468c29bed673d9be53b6c113cf95f320d379873c","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-11-01T23:59:59+00:00","payload":{"eps_text":"$1.32","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"$131","period_text":"third quarter ended October 1, 2023","report_date":"2023-10-31","result_type":"reported_results","revenue_text":"$1,710"},"claim":"SONOCO PRODUCTS CO reported third quarter ended October 1, 2023 results: revenue $1,710, net income $131, EPS $1.32. Guidance raised.","evidence_excerpt":"2 Third Quarter 2023 Consolidated Financial Results (Dollars in millions except per share data) Three Months Ended GAAP Results October 1, 2023 October 2, 2022 Change Net sales $ 1,710 $ 1,890 (10) % Operating profit $ 163 $ 182 (10) % Net income attributable to Sonoco $ 131 $ 122 7 % EPS (diluted) $ 1.32 $ 1.24 6 % Three Months Ended Non-GAAP Results (1)","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000091767-23-000061","anchor_url":"https://secwatch.observer/filing/0000091767-23-000061#claim-468c29bed673d9be53b6c113cf95f320d379873c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000061/0000091767-23-000061-index.htm"},{"fact_type":"governance_change","fact_key":"8a41bf82ee6d8d9d395e23b6c365c15b431e062b","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-10-19T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2023-10-17","item_codes_triggered":["5.03"],"summary_text":"Amended By-Laws to align with universal proxy rules and South Carolina BCA changes, effective upon board approval on October 17, 2023."},"claim":"SONOCO PRODUCTS CO: Amended By-Laws to align with universal proxy rules and South Carolina BCA changes, effective upon board approval on October 17, 2023 (effective 2023-10-17).","evidence_excerpt":"On October 17, 2023, the Board of Directors of Sonoco Products Company (the “Company”) approved amendments to the By-Laws of the Company (as amended, the “Amended By-Laws”)","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-23-110105","anchor_url":"https://secwatch.observer/filing/0001104659-23-110105#claim-8a41bf82ee6d8d9d395e23b6c365c15b431e062b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465923110105/0001104659-23-110105-index.htm"},{"fact_type":"debt_financing","fact_key":"3acde0bffc2fc31b7abff5399cada1f87d94fea5","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-08-10T23:59:59+00:00","payload":{"counterparty":"CoBank, FCB","effective_date":"2023-08-07","event":"amendment","instrument_type":"revolving_credit","interest_rate_text":null,"item_codes_triggered":["2.03"],"maturity_text":null,"principal_text":"$900 million"},"claim":"SONOCO PRODUCTS CO amended revolving credit of $900 million with CoBank, FCB.","evidence_excerpt":"the Amendment increases commitments under the Company's existing revolving credit facility by $150 million to an aggregate amount of $900 million","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-23-000049","anchor_url":"https://secwatch.observer/filing/0000091767-23-000049#claim-3acde0bffc2fc31b7abff5399cada1f87d94fea5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000049/0000091767-23-000049-index.htm"},{"fact_type":"debt_financing","fact_key":"88593d819c42d0f104b9dd300dc572149dfba88f","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-08-10T23:59:59+00:00","payload":{"counterparty":"CoBank, ACB","effective_date":"2023-08-07","event":"incurrence","instrument_type":"credit_facility","interest_rate_text":"Term SOFR plus applicable margin of 1.90%","item_codes_triggered":["2.03"],"maturity_text":"August 7, 2028","principal_text":"$900 million"},"claim":"SONOCO PRODUCTS CO incurred credit facility of $900 million with CoBank, ACB at Term SOFR plus applicable margin of 1.90% maturing August 7, 2028.","evidence_excerpt":"the Term Loan Agreement provides the Company with the ability to borrow up to $900 million on an unsecured basis","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-23-000049","anchor_url":"https://secwatch.observer/filing/0000091767-23-000049#claim-88593d819c42d0f104b9dd300dc572149dfba88f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000049/0000091767-23-000049-index.htm"},{"fact_type":"material_agreement","fact_key":"707fa01c0fcb27dedb7967630520b9769dbfddaf","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-08-10T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Third Amendment to Credit Agreement and Incremental Increase Agreement","agreement_type":"credit_facility","counterparty":"CoBank, FCB","effective_date":"2023-08-07","item_codes_triggered":["1.01"],"value_text":"$150 million"},"claim":"SONOCO PRODUCTS CO amended Third Amendment to Credit Agreement and Incremental Increase Agreement with CoBank, FCB valued at $150 million (effective 2023-08-07).","evidence_excerpt":"on August 7, 2023, the Company executed the “Third Amendment to Credit Agreement and Incremental Increase Agreement” (the “Amendment”). The Amendment increases commitments under the Company's existing revolving credit facility by $150 million to an aggregate amount of $900 million, with CoBank, FCB, as a new lender.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-23-000049","anchor_url":"https://secwatch.observer/filing/0000091767-23-000049#claim-707fa01c0fcb27dedb7967630520b9769dbfddaf","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000049/0000091767-23-000049-index.htm"},{"fact_type":"material_agreement","fact_key":"102955f1f45d5b1bdce2a1b3819bdeb971adf484","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-08-10T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Term Loan Agreement","agreement_type":"credit_facility","counterparty":"a consortium of Farm Credit System institutions and CoBank, ACB, as Administrative Agent","effective_date":"2023-08-07","item_codes_triggered":["1.01"],"value_text":"$900 million"},"claim":"SONOCO PRODUCTS CO entered into Term Loan Agreement with a consortium of Farm Credit System institutions and CoBank, ACB, as Administrative Agent valued at $900 million (effective 2023-08-07).","evidence_excerpt":"On August 7, 2023, Sonoco Products Company (the “Company”) entered into a credit agreement with a consortium of Farm Credit System institutions and CoBank, ACB, as Administrative Agent (the “Term Loan Agreement”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-23-000049","anchor_url":"https://secwatch.observer/filing/0000091767-23-000049#claim-102955f1f45d5b1bdce2a1b3819bdeb971adf484","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000049/0000091767-23-000049-index.htm"},{"fact_type":"earnings_release","fact_key":"f96e3c855e8c9237f451519a73da73a0582cd515","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-08-01T23:59:59+00:00","payload":{"eps_text":"$ 1.16","guidance_signal":"lowered","item_codes_triggered":["2.02"],"net_income_text":"$ 115","period_text":"second quarter ended July 2, 2023","report_date":"2023-07-31","result_type":"reported_results","revenue_text":"$ 1,705"},"claim":"SONOCO PRODUCTS CO reported second quarter ended July 2, 2023 results: revenue $ 1,705, net income $ 115, EPS $ 1.16. Guidance lowered.","evidence_excerpt":"Second Quarter 2023 Consolidated Financial Results (Dollars in millions except per share data) Three Months Ended GAAP Results July 2, 2023 July 3, 2022 Change Net sales $ 1,705 $ 1,913 (11) % Operating profit $ 188 $ 197 (5) % Net income attributable to Sonoco $ 115 $ 132 (13) % EPS (diluted) $ 1.16 $ 1.33 (13) % Three Months Ended Non-GAAP Results (1)","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000091767-23-000038","anchor_url":"https://secwatch.observer/filing/0000091767-23-000038#claim-f96e3c855e8c9237f451519a73da73a0582cd515","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000038/0000091767-23-000038-index.htm"},{"fact_type":"earnings_release","fact_key":"b4b872c35623dbee4ee4c3a4ff695ee45afb9cf4","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-05-02T23:59:59+00:00","payload":{"eps_text":"$ 1.50","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"$ 148","period_text":"first quarter ended April 2, 2023","report_date":"2023-05-01","result_type":"reported_results","revenue_text":"$ 1,730"},"claim":"SONOCO PRODUCTS CO reported first quarter ended April 2, 2023 results: revenue $ 1,730, net income $ 148, EPS $ 1.50. Guidance raised.","evidence_excerpt":"May 1, 2023 Sonoco Reports Strong First Quarter Results: Raises Full Year 2023 Guidance Hartsville, S.C., U.S. - Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today reported financial results for its first quarter ended April 2, 2023. Highlights • First-quarter results met the high end of the previously provided quarterly guidance • Raising full year guidance based on strength of operating model • Continued progress on strategic priorities including portfolio optimization • Increased quarterly cash dividend to $0.51 per share; 40 th straight year of annual dividend increases • Released annual Corporate Responsibility Report, which highlighted commitments to ESG initiatives First Quarter 2023 Consolidated Financial Results (Dollars in millions except per share data) Three Months Ended GAAP Results April 2, 2023 April 3, 2022 Change Net sales $ 1,730 $ 1,771 (2) % Operating profit $ 230 $ 169 36 % Net income at","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-23-000017","anchor_url":"https://secwatch.observer/filing/0000091767-23-000017#claim-b4b872c35623dbee4ee4c3a4ff695ee45afb9cf4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000017/0000091767-23-000017-index.htm"},{"fact_type":"shareholder_vote","fact_key":"48dadb8de55da0297bc20d2eebeea739319c3bfb","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-04-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-04-19","outcome":"failed","proposal_text":"Advisory (Non-binding) Shareholder Proposal Regarding Special Shareholder Meeting Improvement","proposal_type":"say_on_pay","results":[{"broker_non_votes":"11,617,046","subject":null,"votes_abstain":"293,227","votes_against":"55,650,723","votes_for":"20,115,862","votes_withheld":null}]},"claim":"SONOCO PRODUCTS CO shareholders rejected Advisory (Non-binding) Shareholder Proposal Regarding Special Shareholder Meeting Improvement at the 2023-04-19 meeting.","evidence_excerpt":"The advisory (non-binding) shareholder proposal regarding special shareholder meeting improvement was not approved. The shareholders voted 20,115,862 for and 55,650,723 against the resolution, with 293,227 votes abstaining and 11,617,046 broker non-votes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-23-000014","anchor_url":"https://secwatch.observer/filing/0000091767-23-000014#claim-48dadb8de55da0297bc20d2eebeea739319c3bfb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000014/0000091767-23-000014-index.htm"},{"fact_type":"shareholder_vote","fact_key":"dbc106a5c73bec792f4be718372a3f726ee517db","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-04-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-04-19","outcome":"passed","proposal_text":"Advisory (Non-binding) Proposal on the Frequency of the Vote on Executive Compensation","proposal_type":"say_on_pay_frequency","results":[{"broker_non_votes":"11,617,046","subject":null,"votes_abstain":"1,009,121","votes_against":"74,756 (2yr); 2,320,942 (3yr)","votes_for":"72,654,993","votes_withheld":null}]},"claim":"SONOCO PRODUCTS CO shareholders approved Advisory (Non-binding) Proposal on the Frequency of the Vote on Executive Compensation at the 2023-04-19 meeting.","evidence_excerpt":"The shareholders voted 72,654,993 for one year frequency; 74,756 for two year frequency; and 2,320,942 for three year frequency, with 1,009,121 votes abstaining and 11,617,046 broker non-votes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-23-000014","anchor_url":"https://secwatch.observer/filing/0000091767-23-000014#claim-dbc106a5c73bec792f4be718372a3f726ee517db","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000014/0000091767-23-000014-index.htm"},{"fact_type":"shareholder_vote","fact_key":"28f47a75f5cea913313d67abdb3d9bc3b68635c4","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-04-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-04-19","outcome":"passed","proposal_text":"Advisory (Non-binding) Resolution to Approve Executive Compensation","proposal_type":"say_on_pay","results":[{"broker_non_votes":"11,617,046","subject":null,"votes_abstain":"198,820","votes_against":"1,368,057","votes_for":"74,492,935","votes_withheld":null}]},"claim":"SONOCO PRODUCTS CO shareholders approved Advisory (Non-binding) Resolution to Approve Executive Compensation at the 2023-04-19 meeting.","evidence_excerpt":"The advisory (non-binding) shareholder resolution on executive compensation was approved. The shareholders voted 74,492,935 for and 1,368,057 against the resolution, with 198,820 votes abstaining and 11,617,046 broker non-votes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-23-000014","anchor_url":"https://secwatch.observer/filing/0000091767-23-000014#claim-28f47a75f5cea913313d67abdb3d9bc3b68635c4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000014/0000091767-23-000014-index.htm"},{"fact_type":"shareholder_vote","fact_key":"82eb66c63d863686e8577115f329f4a8de013640","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-04-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-04-19","outcome":"passed","proposal_text":"Ratification of Independent Registered Public Accounting Firm","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"0","subject":null,"votes_abstain":"262,151","votes_against":"2,531,467","votes_for":"84,883,240","votes_withheld":null}]},"claim":"SONOCO PRODUCTS CO shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-04-19 meeting.","evidence_excerpt":"The ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2023 was approved. The shareholders voted 84,883,240 for and 2,531,467 against ratification, with 262,151 votes abstaining and no broker non-votes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-23-000014","anchor_url":"https://secwatch.observer/filing/0000091767-23-000014#claim-82eb66c63d863686e8577115f329f4a8de013640","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000014/0000091767-23-000014-index.htm"},{"fact_type":"shareholder_vote","fact_key":"41ac4f27f2dd65f3da3c12d0e181c5a84f828e91","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-04-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-04-19","outcome":"passed","proposal_text":"Election of Directors","proposal_type":"director_election","results":[{"broker_non_votes":"11,617,046","subject":"Steven L. Boyd","votes_abstain":"199,142","votes_against":"624,242","votes_for":"75,236,428","votes_withheld":null},{"broker_non_votes":"11,617,046","subject":"R. Howard Coker","votes_abstain":"170,635","votes_against":"1,098,841","votes_for":"74,790,336","votes_withheld":null},{"broker_non_votes":"11,617,046","subject":"Dr. Pamela L. Davies","votes_abstain":"187,170","votes_against":"2,062,230","votes_for":"73,810,412","votes_withheld":null},{"broker_non_votes":"11,617,046","subject":"Theresa J. Drew","votes_abstain":"191,167","votes_against":"332,422","votes_for":"75,536,223","votes_withheld":null},{"broker_non_votes":"11,617,046","subject":"Philippe Guillemot","votes_abstain":"188,121","votes_against":"342,706","votes_for":"75,528,985","votes_withheld":null},{"broker_non_votes":"11,617,046","subject":"John R. Haley","votes_abstain":"204,549","votes_against":"1,305,104","votes_for":"74,550,159","votes_withheld":null},{"broker_non_votes":"11,617,046","subject":"Robert R. Hill, Jr.","votes_abstain":"191,892","votes_against":"875,297","votes_for":"74,992,623","votes_withheld":null},{"broker_non_votes":"11,617,046","subject":"Eleni Istavridis","votes_abstain":"192,220","votes_against":"334,712","votes_for":"75,532,880","votes_withheld":null},{"broker_non_votes":"11,617,046","subject":"Richard G. Kyle","votes_abstain":"201,461","votes_against":"600,607","votes_for":"75,257,744","votes_withheld":null},{"broker_non_votes":"11,617,046","subject":"Blythe J. McGarvie","votes_abstain":"191,922","votes_against":"434,898","votes_for":"75,432,992","votes_withheld":null},{"broker_non_votes":"11,617,046","subject":"Thomas E. Whiddon","votes_abstain":"200,719","votes_against":"2,092,933","votes_for":"73,766,160","votes_withheld":null}]},"claim":"SONOCO PRODUCTS CO shareholders approved Election of Directors at the 2023-04-19 meeting.","evidence_excerpt":"The following directors were elected: VOTES Term For Against Abstain Broker Non-Votes Steven L. Boyd 1 year 75,236,428 624,242 199,142 11,617,046 R. Howard Coker 1 year 74,790,336 1,098,841 170,635 11,617,046 Dr. Pamela L. Davies 1 year 73,810,412 2,062,230 187,170 11,617,046 Theresa J. Drew 1 year 75,536,223 332,422 191,167 11,617,046 Philippe Guillemot 1 year 75,528,985 342,706 188,121 11,617,046 John R. Haley 1 year 74,550,159 1,305,104 204,549 11,617,046 Robert R. Hill, Jr. 1 year 74,992,623 875,297 191,892 11,617,046 Eleni Istavridis 1 year 75,532,880 334,712 192,220 11,617,046 Richard G. Kyle 1 year 75,257,744 600,607 201,461 11,617,046 Blythe J. McGarvie 1 year 75,432,992 434,898 191,922 11,617,046 Thomas E. Whiddon 1 year 73,766,160 2,092,933 200,719 11,617,046","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-23-000014","anchor_url":"https://secwatch.observer/filing/0000091767-23-000014#claim-41ac4f27f2dd65f3da3c12d0e181c5a84f828e91","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000014/0000091767-23-000014-index.htm"},{"fact_type":"earnings_release","fact_key":"ba34cd6bd7e3f699b236dd5ff2500e404d674a0f","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-02-09T23:59:59+00:00","payload":{"eps_text":"$0.98","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"$97","period_text":"the quarter and year ended December 31, 2022","report_date":"2023-02-08","result_type":"reported_results","revenue_text":"$1,676"},"claim":"SONOCO PRODUCTS CO reported the quarter and year ended December 31, 2022 results: revenue $1,676, net income $97, EPS $0.98. Guidance reaffirmed.","evidence_excerpt":"except per share data) Three Months Ended Twelve Months Ended GAAP Results December 31, 2022 December 31, 2021 Change December 31, 2022 December 31, 2021 Change Net sales $ 1,676 $ 1,439 16 % $ 7,251 $ 5,590 30 % Operating profit $ 127 $ 105 21 % $ 675 $ 487 39 % Net income/(loss) attributable to Sonoco $ 97 $ 65 49 % $ 466 $ (85) N/M EPS (diluted) $ 0.98","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000091767-23-000004","anchor_url":"https://secwatch.observer/filing/0000091767-23-000004#claim-ba34cd6bd7e3f699b236dd5ff2500e404d674a0f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000004/0000091767-23-000004-index.htm"},{"fact_type":"executive_change","fact_key":"522f5b28be","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-12-12T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-12-08","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Steven L. Boyd was appointed as Director at SONOCO PRODUCTS CO.","evidence_excerpt":"Mr. Steven L. Boyd was appointed to the Sonoco Board of Directors on December 8, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000091767-22-000073","anchor_url":"https://secwatch.observer/filing/0000091767-22-000073#claim-522f5b28be","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000073/0000091767-22-000073-index.htm"},{"fact_type":"debt_financing","fact_key":"d806a01cdc81f983370f1ccd1f9e2dd5ba537099","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-12-07T23:59:59+00:00","payload":{"counterparty":"JPMorgan Chase Bank, N.A., as Administrative Agent and a consortium of banks","effective_date":"2022-12-02","event":"incurrence","instrument_type":"term_loan","interest_rate_text":"Term SOFR Loans plus margin currently applicable of 1.475%","item_codes_triggered":["2.03"],"maturity_text":"December 1, 2023","principal_text":"up to $400 million"},"claim":"SONOCO PRODUCTS CO incurred term loan of up to $400 million with JPMorgan Chase Bank, N.A., as Administrative Agent and a consortium of banks at Term SOFR Loans plus margin currently applicable of 1.475% maturing December 1, 2023.","evidence_excerpt":"On December 2, 2022, Sonoco Products Company (the “Company”) entered into a credit agreement with a consortium of banks and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Term Loan Agreement”). The Term Loan Agreement provides the Company with the ability to borrow up to $400 million on an unsecured basis (the “Term Loan Facility”) the proceeds of which will be used for general corporate purposes, including repayment of certain short-term debt.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-22-000070","anchor_url":"https://secwatch.observer/filing/0000091767-22-000070#claim-d806a01cdc81f983370f1ccd1f9e2dd5ba537099","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000070/0000091767-22-000070-index.htm"},{"fact_type":"material_agreement","fact_key":"14830b3c4c9f71b6c95a46ffec4f640a5ea7ead4","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-12-07T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Term Loan Agreement","agreement_type":"credit_facility","counterparty":"JPMorgan Chase Bank, N.A.","effective_date":"2022-12-02","item_codes_triggered":["1.01"],"value_text":"$400,000,000"},"claim":"SONOCO PRODUCTS CO entered into Term Loan Agreement with JPMorgan Chase Bank, N.A. valued at $400,000,000 (effective 2022-12-02).","evidence_excerpt":"On December 2, 2022, Sonoco Products Company (the \"Company\") entered into a credit agreement with a consortium of banks and JPMorgan Chase Bank, N.A., as Administrative Agent (the \"Term Loan Agreement\"). The Term Loan Agreement provides the Company with the ability to borrow up to $400 million on an unsecured basis (the \"Term Loan Facility\") the proceeds of which will be used for general corporate purposes, including repayment of certain short-term debt. The full $400 million available under the Term Loan Facility was drawn on December 2, 2022.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-22-000070","anchor_url":"https://secwatch.observer/filing/0000091767-22-000070#claim-14830b3c4c9f71b6c95a46ffec4f640a5ea7ead4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000070/0000091767-22-000070-index.htm"},{"fact_type":"earnings_release","fact_key":"923943fd9e620ba136d6bb30466b11c130611cc3","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-10-31T23:59:59+00:00","payload":{"eps_text":"$ 1.24","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"$ 122","period_text":"third quarter ended October 2, 2022","report_date":"2022-10-31","result_type":"reported_results","revenue_text":"$ 1,890"},"claim":"SONOCO PRODUCTS CO reported third quarter ended October 2, 2022 results: revenue $ 1,890, net income $ 122, EPS $ 1.24. Guidance raised.","evidence_excerpt":"Third Quarter 2022 Consolidated Financial Results\n(Dollars in millions except per share data)\nThree Months Ended GAAP Results\nOctober 2, 2022 October 3, 2021 Change\nNet sales $ 1,890 $ 1,415 34 %\nOperating profit $ 182 $ 127 44 %\nNet income attributable to Sonoco $ 122 $ 111 10 %\nEPS (diluted) $ 1.24 $ 1.12 11 %","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000091767-22-000059","anchor_url":"https://secwatch.observer/filing/0000091767-22-000059#claim-923943fd9e620ba136d6bb30466b11c130611cc3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000059/0000091767-22-000059-index.htm"},{"fact_type":"executive_change","fact_key":"48bc10edc5","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-08-31T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2022-08-31","interim":false,"role":"Member of Board of Directors","role_category":"director","successor_name":null,"successor_named":false},"claim":"Sundaram Nagarajan resigned as Member of Board of Directors at SONOCO PRODUCTS CO.","evidence_excerpt":"On August 26, 2022, Sundaram Nagarajan, 60, extended his resignation from the Sonoco Products Company's Board of Directors (the \"Board\"), effective August 31, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000091767-22-000055","anchor_url":"https://secwatch.observer/filing/0000091767-22-000055#claim-48bc10edc5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000055/0000091767-22-000055-index.htm"},{"fact_type":"executive_change","fact_key":"0c6710b0a5","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-08-09T23:59:59+00:00","payload":{"action":"left","action_category":"departure","departure_tone":"retirement","effective_date":"2022-08-08","interim":false,"role":"principal accounting officer","role_category":"other_named_officer","successor_name":"Aditya J. Gandhi","successor_named":true},"claim":"James W. Kirkland departed as principal accounting officer at SONOCO PRODUCTS CO.","evidence_excerpt":"Mr. Gandhi will succeed James W. Kirkland, who left the Company on August 8, 2022, as the Company’s principal accounting officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-22-087572","anchor_url":"https://secwatch.observer/filing/0001104659-22-087572#claim-0c6710b0a5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465922087572/0001104659-22-087572-index.htm"},{"fact_type":"executive_change","fact_key":"8937e6b343","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-08-09T23:59:59+00:00","payload":{"action":"promoted","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-08-09","interim":false,"role":"Chief Accounting Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Aditya J. Gandhi was appointed as Chief Accounting Officer at SONOCO PRODUCTS CO.","evidence_excerpt":"On August 8, 2022, Sonoco Products Company (the “Company”) promoted Aditya J. Gandhi to the position of Chief Accounting Officer, effective as of August 9, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-22-087572","anchor_url":"https://secwatch.observer/filing/0001104659-22-087572#claim-8937e6b343","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465922087572/0001104659-22-087572-index.htm"},{"fact_type":"executive_change","fact_key":"d560b3ff87","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-06-16T23:59:59+00:00","payload":{"action":"separated","action_category":"departure","departure_tone":"routine","effective_date":"2022-06-30","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Julie C. Albrecht departed as Chief Financial Officer at SONOCO PRODUCTS CO.","evidence_excerpt":"the Company and Julie C. Albrecht, the Company’s Vice President and Chief Financial Officer, agreed to a separation effective as of June 30, 2022","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-22-071896","anchor_url":"https://secwatch.observer/filing/0001104659-22-071896#claim-d560b3ff87","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465922071896/0001104659-22-071896-index.htm"},{"fact_type":"executive_change","fact_key":"bb7cb519c3","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-06-16T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2022-06-20","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"James M. Micali resigned as Director at SONOCO PRODUCTS CO.","evidence_excerpt":"On June 11, 2022, James M. Micali extended his resignation from the Board of Directors (the “Board of Directors”) of Sonoco Products Company (the “Company”), effective June 20, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-22-071896","anchor_url":"https://secwatch.observer/filing/0001104659-22-071896#claim-bb7cb519c3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465922071896/0001104659-22-071896-index.htm"},{"fact_type":"executive_change","fact_key":"2153182d7e","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-06-15T23:59:59+00:00","payload":{"action":"promoted","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2022-07-01","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Rob Dillard changed role as Chief Financial Officer at SONOCO PRODUCTS CO.","evidence_excerpt":"On June 15, 2022, Sonoco Products Company (the “Company”) promoted Rob Dillard to the position of Chief Financial Officer, effective as of July 1, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-22-071249","anchor_url":"https://secwatch.observer/filing/0001104659-22-071249#claim-2153182d7e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465922071249/0001104659-22-071249-index.htm"},{"fact_type":"executive_change","fact_key":"03fc660c83","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-05-25T23:59:59+00:00","payload":{"action":"agreed to a separation","action_category":"departure","departure_tone":"routine","effective_date":"2022-06-30","interim":false,"role":"Vice President and Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Julie C. Albrecht departed as Vice President and Chief Financial Officer at SONOCO PRODUCTS CO.","evidence_excerpt":"On May 23, 2022, Sonoco Products Company (the “Company”) and Julie C. Albrecht, the Company’s Vice President and Chief Financial Officer, agreed to a separation effective as of June 30, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-22-064477","anchor_url":"https://secwatch.observer/filing/0001104659-22-064477#claim-03fc660c83","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465922064477/0001104659-22-064477-index.htm"},{"fact_type":"executive_change","fact_key":"f4de5c7b45","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-02-15T23:59:59+00:00","payload":{"action":"retired","action_category":"departure","departure_tone":"retirement","effective_date":"2022-04-20","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Marc D. Oken retired as Director at SONOCO PRODUCTS CO.","evidence_excerpt":"In accordance with Sonoco Products Company's By-Laws, the retirement of Marc D. Oken from the Board shall be automatic at the annual meeting of shareholders on April 20, 2022, as Mr. Oken reached the mandatory retirement age of 75 during his current term as director.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000091767-22-000011","anchor_url":"https://secwatch.observer/filing/0000091767-22-000011#claim-f4de5c7b45","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000011/0000091767-22-000011-index.htm"},{"fact_type":"executive_change","fact_key":"14d8fa123e","cik":91767,"ticker":"SON","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-02-15T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2022-03-01","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Lloyd M. Yates resigned as Director at SONOCO PRODUCTS CO.","evidence_excerpt":"On February 9, 2022, Lloyd M. Yates, 61, extended his resignation from the Sonoco Products Company's Board of Directors (the \"Board\"), effective March 1, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000091767-22-000011","anchor_url":"https://secwatch.observer/filing/0000091767-22-000011#claim-14d8fa123e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000011/0000091767-22-000011-index.htm"}]}