Amcor adopts change-in-control severance plan for executives; CEO gets 2x multiplier

Amcor plc

CIC Plan, effective Sep 23, 2025, covers CEO and officers reporting directly to CEO.
CEO receives 2x base salary plus target bonus cash severance; other officers receive 1x.
Benefits triggered only by qualifying termination within 60 days before to 2 years after a change in control.
Includes pro rata annual bonus, 100% equity vesting (target performance), and up to 24 months of COBRA for US participants.
Plan is intended to retain executives and reduce distraction during a potential change in control.

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