secwatch.observer — SEC 8-K summary
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Issuer:     SEALED AIR CORP/DE (—)
CIK:        0001012100
Form:       8-K
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0001140361-24-030035
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1012100/000114036124030035/0001140361-24-030035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1012100/000114036124030035/ef20031081_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-030035

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