---
schema_version: "secwatch.filing_event.v1"
accession: "0000008818-23-000014"
form_type: "8-K"
ticker: "AVY"
cik: "0000008818"
company_name: "Avery Dennison Corp"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:49:09.638375+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Avery Dennison CAO retires; Santiago named Controller effective Aug 14, 2023

## Summary
- Lori Bondar, VP, Controller, CAO and Treasurer, retires effective Sept 4, 2023, after 15 years at the company.
- Divina Santiago, age 53, elected VP, Controller effective Aug 14, 2023; becomes principal accounting officer Sept 5, 2023.
- Santiago's compensation: $325K base salary, 40% target AIP, 60% target LTI, plus $40K executive benefit allowance.
- Santiago previously served as VP, Assistant Controller, SOX and Financial Reporting since April 2022.

## SEC filing metadata
- accession: 0000008818-23-000014
- form_type: 8-K
- ticker: AVY
- cik: 0000008818
- company_name: Avery Dennison Corp
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8818/000000881823000014/0000008818-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8818/000000881823000014/avy-20230724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008818-23-000014
- JSON: https://secwatch.observer/filing/0000008818-23-000014.json
- Plain text: https://secwatch.observer/filing/0000008818-23-000014.txt

## Key facts
- Executive change
  Lori Bondar departed as Vice President, Controller, Chief Accounting Officer and Treasurer at Avery Dennison Corp.
  - Action: retire
  - Role: Vice President, Controller, Chief Accounting Officer and Treasurer
  source text: On July 24, 2023, Lori Bondar, Vice President, Controller, Chief Accounting Officer and Treasurer of Avery Dennison Corporation, a Delaware corporation (the “Company”), notified the Company of her decision to retire effective September 4, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8818/000000881823000014/0000008818-23-000014-index.htm
- Executive change
  Divina Santiago was elected as Vice President, Controller at Avery Dennison Corp.
  - Action: elected
  - Role: Vice President, Controller
  source text: on July 26, 2023, the Company’s Board of Directors (the “Board”), elected Divina Santiago, age 53, as the Company’s Vice President, Controller, effective August 14, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8818/000000881823000014/0000008818-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.