secwatch.observer — SEC 8-K summary
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Issuer:     Avery Dennison Corp (AVY)
CIK:        0000008818
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001193125-22-057997
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avery Dennison names Deon Stander President & COO; Butier steps down as President
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- Deon Stander appointed President and COO effective March 1, 2022; Mitchell Butier remains Chairman and CEO, ceases as President.
- Stander's compensation: base salary $700k; target AIP 75% of salary; LTI target 300% of salary; special RSU grant $1.5M vesting in 3 years.
- Director Mark J. Barrenechea will not stand for reelection at April 28, 2022 annual meeting; no disagreement with company.
- Board approved bylaw amendments including redesignation of principal executive office to Mentor, Ohio from Glendale, California.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8818/000119312522057997/0001193125-22-057997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8818/000119312522057997/d257292d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-057997

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