home · filing · 0000008818-23-000011
8-K filed May 24, 2023, 7:59 PM ET
ticker AVY
CIK 0000008818
leadership
confidence high
sentiment neutral
materiality 0.70
Avery Dennison announces CEO succession: Deon Stander to become CEO, Mitch Butier Executive Chairman
Avery Dennison Corp
Deon Stander, age 54, elected President and CEO effective September 1, 2023; succeeds Mitch Butier.
Mitch Butier becomes Executive Chairman effective September 1, 2023, after serving as CEO since 2014.
Stander's base salary increased to $1.1M, target AIP to 135% of salary, LTI target to 550% of salary.
Stander receives a special promotion grant of ~$3M in stock options, vesting 50% on 3rd and 4th anniversaries.
Butier's salary reduced to $1M, AIP target to 120%; no new LTI grant; loses executive severance eligibility.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Role change
Mitchell Butier
Executive Chairman
AVY ·
Avery Dennison Corp
Effective 2023-09-01
Successor Deon Stander
Filed May 24, 2023, 7:59 PM ET
the independent directors of the Board elected Mitchell Butier, age 51, as Executive Chairman, effective September 1, 2023.
Appointed
Deon Stander
member of the Board
AVY ·
Avery Dennison Corp
Effective 2023-09-01
Filed May 24, 2023, 7:59 PM ET
the Board also appointed Mr. Stander as a member of the Board, effective September 1, 2023.
Effective 2023-09-01
Filed May 24, 2023, 7:59 PM ET
elected Deon Stander, age 54, as the Company’s President and Chief Executive Officer, effective September 1, 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mitchell Butier was elected as Executive Chairman at Avery Dennison Corp.
Action elected
Role Executive Chairman
Exact text from the filing
the independent directors of the Board elected Mitchell Butier, age 51, as Executive Chairman, effective September 1, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Deon Stander was appointed as member of the Board at Avery Dennison Corp.
Action appointed
Role member of the Board
Exact text from the filing
the Board also appointed Mr. Stander as a member of the Board, effective September 1, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Deon Stander was elected as President and Chief Executive Officer at Avery Dennison Corp.
Action elected
Role President and Chief Executive Officer
Exact text from the filing
elected Deon Stander, age 54, as the Company’s President and Chief Executive Officer, effective September 1, 2023.
View on SEC.gov
Source: SEC EDGAR
accession 0000008818-23-000011
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.