secwatch.observer — SEC 8-K summary
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Issuer:     Amcor plc (AMCR)
CIK:        0001748790
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001104659-24-097383
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amcor appoints Fred Stephan as COO, David Clark as Chief Sustainability Officer
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- Fred Stephan named to newly created COO role, effective immediately; previously President of Amcor Flexibles NA.
- Stephan's base salary set at $1.15M; MIP target 100% of base, LTIP at 225% of base.
- David Clark promoted to Chief Sustainability Officer, reporting directly to CEO; previously VP Sustainability.
- COO role aims to accelerate organic growth by leveraging global flexibles footprint and scale.
- Stephan severance: 12 months base salary if terminated without cause; restrictive covenants continue 12 months post-employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1748790/000110465924097383/0001104659-24-097383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1748790/000110465924097383/tm2423028d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-097383

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