{"schema_version":"secwatch.filing_event.v1","accession":"0000008818-23-000011","form_type":"8-K","ticker":"AVY","cik":"0000008818","company_name":"Avery Dennison Corp","filed_at":"2023-05-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.579042+00:00","generated_at":"2026-06-14T16:51:51.138974+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Avery Dennison announces CEO succession: Deon Stander to become CEO, Mitch Butier Executive Chairman","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000008818-23-000011","json":"https://secwatch.observer/filing/0000008818-23-000011.json","markdown":"https://secwatch.observer/filing/0000008818-23-000011.md","text":"https://secwatch.observer/filing/0000008818-23-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8818/000000881823000011/0000008818-23-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8818/000000881823000011/avy-20230523.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T16:51:51.138974+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9258243a0b","claim":"Mitchell Butier was elected as Executive Chairman at Avery Dennison Corp.","evidence_excerpt":"the independent directors of the Board elected Mitchell Butier, age 51, as Executive Chairman, effective September 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8818/000000881823000011/0000008818-23-000011-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Executive Chairman"}],"fact_type":"executive_change"},{"claim_id":"c3dc54832c","claim":"Deon Stander was appointed as member of the Board at Avery Dennison Corp.","evidence_excerpt":"the Board also appointed Mr. Stander as a member of the Board, effective September 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8818/000000881823000011/0000008818-23-000011-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"member of the Board"}],"fact_type":"executive_change"},{"claim_id":"ce2b1f2b31","claim":"Deon Stander was elected as President and Chief Executive Officer at Avery Dennison Corp.","evidence_excerpt":"elected Deon Stander, age 54, as the Company’s President and Chief Executive Officer, effective September 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8818/000000881823000011/0000008818-23-000011-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}