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8-K filed November 28, 2022, 6:59 PM ET ticker SLGN CIK 0000849869
other material confidence high sentiment neutral materiality 0.35

Silgan removes co-founders' contractual right to nominate all board directors

SILGAN HOLDINGS INC

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

SILGAN HOLDINGS INC amended Second Amended and Restated Stockholders Agreement with R. Philip Silver and D. Greg Horrigan valued at Removed the Group's contractual right to nominate all directors, retaining the right to nominate one (effective 2022-11-28).

Action
amendment
Counterparty
R. Philip Silver and D. Greg Horrigan
Value
Removed the Group's contractual right to nominate all directors, retaining the right to nominate one
Effective
2022-11-28
Exact text from the filing
On November 28, 2022, Silgan Holdings Inc. (the “Company”), R. Philip Silver and D. Greg Horrigan entered into a Second Amended and Restated Stockholders Agreement (the “New Stockholders Agreement”). The New Stockholders Agreement amends and restates the existing Amended and Restated Stockholders Agreement, dated as of November 6, 2001, by and among the Company and Messrs. Silver and Horrigan, which replaced in its entirety that certain stockholders agreement dated as of February 14, 1997 by and among Messrs. Silver and Horrigan and the other parties thereto. The New Stockholders Agreement amends the existing Amended and Restated Stockholders Agreement by removing the contractual right of the Group (as defined in the New Stockholders Agreement and generally including Messrs. Silver and Horrigan and their affiliates, family members, trusts and estates) to nominate for election all Directors of the Company so long as the Group holds an aggregate of one-half of the number of shares of com
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Source: SEC EDGAR
accession 0000849869-22-000134
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