secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001104659-24-043409
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

O-I Glass appoints Gordon Hardie as CEO; Board Chair Walker retires, two new directors nominated
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- Gordon Hardie appointed President & CEO effective May 15, 2024 (or upon visa approval), succeeding retiring Andres Lopez.
- John H. Walker retiring as Independent Board Chair; not standing for election at the May 15 annual meeting.
- Two new board nominees: Eric J. Foss (former Aramark Chairman/CEO) and Cheri Phyfer (Fortune Brands EVP).
- Hardie's compensation: base salary $1.2M, target STI 150% of eligible earnings, LTI target $7M, sign-on awards $1M.
- Hardie has served on O-I Board since 2015; previously President, Food & Ingredients at Bunge Ltd.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465924043409/0001104659-24-043409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465924043409/tm2411002d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-043409

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer