secwatch.observer — SEC 8-K summary
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Issuer:     Avery Dennison Corp (AVY)
CIK:        0000008818
Form:       8-K
Filed at:   2026-06-04T10:44:00+00:00
Accession:  0000008818-26-000116
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avery Dennison names Danny Allouche President, Materials Group as Ryan Yost resigns
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- Ryan D. Yost resigned as President, Materials Group, effective May 31, 2026; will leave company on June 12.
- Danny G. Allouche, age 52, appointed President, Materials Group effective June 1; previously SVP & Chief Strategy & Corp. Dev. Officer.
- Allouche's base salary unchanged at ILS 1,989,960 (~$667,123); target AIP at 60%; LTI increased from 180% to 200% of salary.
- Supplemental 2026 LTI award of 20% of salary plus special RSU award of $500,000 vesting June 1, 2029 also approved.
- Allouche served as interim CFO from Nov 2024 to Mar 2025; holds MBA from UCLA and BA from Northwestern.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8818/000000881826000116/0000008818-26-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8818/000000881826000116/avy-20260529.htm
  HTML page:      https://secwatch.observer/filing/0000008818-26-000116

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