SEE appoints Patrick Kivits as CEO effective July 1; Semach elevated to President and CFO

SEALED AIR CORP/DE

Patrick Kivits named CEO and Board member effective July 1, 2024; he joins from WestRock.
Dustin Semach becomes President and CFO; Emile Chammas continues as COO.
Kivits receives base salary of $1.1M, target bonus 120%, annual LTI target $6M.
Kivits gets $3.5M cash sign-on bonus and $5.6M RSU sign-on award (three-year vest).
Semach gets base salary increase to $850K, target bonus 100%, plus $1M cash retention and $3.3M in RSU awards.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Patrick Kivits

Chief Executive Officer

SEALED AIR CORP/DE

Effective: 2024-07-01
Filed: June 13, 2024, 7:59 PM ET

its Board of Directors (the “Board”) has appointed Patrick Kivits as its Chief Executive Officer and a member of the Board effective July 1, 2024

Appointed

Dustin Semach

President and Chief Financial Officer

SEALED AIR CORP/DE

Filed: June 13, 2024, 7:59 PM ET

Appointment of Dustin Semach as President and Chief Financial Officer Effective on

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick Kivits was appointed as Chief Executive Officer at SEALED AIR CORP/DE.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

its Board of Directors (the “Board”) has appointed Patrick Kivits as its Chief Executive Officer and a member of the Board effective July 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.7

Dustin Semach was appointed as President and Chief Financial Officer at SEALED AIR CORP/DE.

Action: appointed
Role: President and Chief Financial Officer

Exact text from the filing

Appointment of Dustin Semach as President and Chief Financial Officer Effective on

View on SEC.gov

Source: SEC EDGAR

accession 0001140361-24-030035

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