8-K
filed April 30, 2025, 7:59 PM ET
ticker AMCR
CIK 0001748790
M&A
confidence high
sentiment positive
materiality 0.85
Amcor completes all-stock merger with Berry Global; projects 12% EPS accretion in FY26 from $260M synergies
Amcor plc
- Merger closed April 30; each Berry share converted to 7.25 Amcor shares; ~860M Amcor shares to be issued.
- Amcor targets $260M pre-tax cost synergies in FY26 for ~12% adjusted EPS accretion; $650M total by FY28 and >$3B annual cash flow.
- Four Berry directors appointed to Amcor board: Sterrett (Deputy Chairman), Foster, Glerum, Rahman; three Amcor directors resigned.
- Jean-Marc Galvez named Division President, Global Containers & Closures; employment agreements amended for CEO Konieczny and others.
- Berry reported Q2 net income of $193M on $2.52B revenue; operating income $391M vs $182M prior year.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
James T. Glerum, Jr. was appointed as Director at Amcor plc.
- Action
- appointed
- Role
- Director
Exact text from the filing
Stephen Sterrett, Jonathan F. Foster, James T. Glerum, Jr. and Jill A. Rahman (collectively, the “Berry Designees”), each of whom was a member of the board of directors of Berry prior to the Effective Time, were appointed to the board of directors of Amcor (the “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Szczupak resigned as Director at Amcor plc.
- Action
- resigned
- Role
- Director
Exact text from the filing
Arun Nayar, Andrea Bertone and David Szczupak resigned from the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jill A. Rahman was appointed as Director at Amcor plc.
- Action
- appointed
- Role
- Director
Exact text from the filing
Stephen Sterrett, Jonathan F. Foster, James T. Glerum, Jr. and Jill A. Rahman (collectively, the “Berry Designees”), each of whom was a member of the board of directors of Berry prior to the Effective Time, were appointed to the board of directors of Amcor (the “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen Sterrett was appointed as Deputy Chairman of the Board at Amcor plc.
- Action
- appointed
- Role
- Deputy Chairman of the Board
Exact text from the filing
Stephen Sterrett, Jonathan F. Foster, James T. Glerum, Jr. and Jill A. Rahman (collectively, the “Berry Designees”), each of whom was a member of the board of directors of Berry prior to the Effective Time, were appointed to the board of directors of Amcor (the “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jean-Marc Galvez was appointed as Division President, Global Containers and Closures at Amcor plc.
- Action
- appointed
- Role
- Division President, Global Containers and Closures
Exact text from the filing
Jean-Marc Galvez, was appointed to serve as Division President, Global Containers and Closures of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan F. Foster was appointed as Director at Amcor plc.
- Action
- appointed
- Role
- Director
Exact text from the filing
Stephen Sterrett, Jonathan F. Foster, James T. Glerum, Jr. and Jill A. Rahman (collectively, the “Berry Designees”), each of whom was a member of the board of directors of Berry prior to the Effective Time, were appointed to the board of directors of Amcor (the “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Arun Nayar resigned as Director at Amcor plc.
- Action
- resigned
- Role
- Director
Exact text from the filing
Arun Nayar, Andrea Bertone and David Szczupak resigned from the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrea Bertone resigned as Director at Amcor plc.
- Action
- resigned
- Role
- Director
Exact text from the filing
Arun Nayar, Andrea Bertone and David Szczupak resigned from the Board.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.