Andrew Teno
On November 20, 2023, Jesse Lynn and Andrew Teno each provided notice of their resignation from the Board of Directors of Crown Holdings, Inc. (the "Company"), effective on such date.
Highest-materiality recent filing
Crown Holdings Q2 adjusted EPS $2.49 beats $2.15; raises FY2026 guidance to $8.30-$8.50
Q2 adjusted diluted EPS $2.49, up 16% YoY from $2.15; GAAP EPS $2.23 vs $1.56.
Crown Holdings Q1 adjusted EPS up 11% to $1.86; global beverage shipments +5%
Adjusted diluted EPS $1.86 (+11% YoY); GAAP diluted EPS $1.56 (down from $1.65 prior year).
Crown Holdings promotes Dr. John M. Rost to EVP & COO of Asia Pacific and Transit Packaging
Dr. Rost, 56, currently President of Asia Pacific, becomes EVP and COO – Asia Pacific and Transit Packaging effective April 1, 2026.
Crown Holdings enters $2.825B credit facility; maturity extended to 2031
New facilities: $800M Dollar Revolver, $800M Multicurrency Revolver, $50M Canadian Revolver, $1,175M Term Loan A, €499.5M Term Euro.
Michael Doss, former Graphic Packaging CEO, elected to Crown Holdings board effective March 3
Michael P. Doss elected to Crown Holdings Board effective March 3, 2026; board now has ten members.
Crown Holdings Q4 adjusted EPS $1.74; full year record $7.79; FY2026 guidance $7.90-$8.30
Q4 net sales $3.127B (+8% YoY); adjusted diluted EPS $1.74 (+9% YoY).
Crown Holdings calls $350M of 7-3/8% debentures due 2026, redemption Dec 21
Subsidiary Crown Cork & Seal redeems all $350M outstanding 7-3/8% Debentures due 2026.
Crown subsidiary tenders $317.3M of 7 3/8% Debentures due 2026 in cash offer
Outstanding $350M; $317,295,000 principal tendered; $339,000 in guaranteed delivery protects.
Crown Holdings subsidiary launches cash tender offer for $350M 7 3/8% debentures due 2026
Crown Cork & Seal offers to purchase any and all outstanding $350M (aggregate) 7 3/8% Debentures due 2026 (CUSIP 228255 AH8).
Crown Holdings Q3 adj. EPS $2.24, up 13% YoY; raises FY guidance to $7.70-7.80
Diluted EPS $1.85 vs loss $1.47; adjusted EPS $2.24 vs $1.99, 13% increase.
Crown Holdings subsidiary issues €500M 3.750% notes due 2031 to refinance 2.875% notes due 2026
Issuer Crown European Holdings S.A. issued €500M of 3.750% senior unsecured notes due Sept 30, 2031.
Crown Holdings subsidiary issues €500M 3.750% senior notes due 2031; redeems €500M 2.875% notes
Issuer Crown European Holdings S.A. sells €500M 3.750% senior notes due Sept 30, 2031.
Crown Holdings announces €500M note offering to refinance 2026 notes
Subsidiary Crown European Holdings to issue €500M senior unsecured notes in private placement.
Crown Holdings Q2 adjusted EPS $2.15, up 19% YoY; raises FY2025 guidance to $7.10-$7.50
Revenue $3,149M vs $3,040M; diluted EPS $1.56 vs $1.45; adjusted EPS $2.15 vs $1.81.
Crown Holdings promotes Djalma Novaes to COO; Gary Gavin to lead Americas Division
Djalma Novaes promoted to EVP and COO effective July 1, 2025; will oversee Americas and European Divisions plus Global Sourcing and CMB Engineering.
Crown Holdings Asia Pacific President Carlos Baila to step down; Dr. John Rost named successor
Carlos Baila to resign as Asia Pacific President effective June 30, 2025 for personal reasons.
Crown Holdings issues $700M 5.875% senior notes due 2033 to refinance 2026 notes
$700M aggregate principal amount of 5.875% senior unsecured notes due June 1, 2033.
Crown Holdings to redeem $875M 4.75% notes due 2026, conditional on $700M 5.875% notes
Crown Americas LLC issued conditional notice to redeem all $875M outstanding 4.75% Senior Notes due 2026.
Crown Americas LLC issues $700M of 5.875% senior notes due 2033
Crown Americas LLC issued $700M aggregate principal of 5.875% senior unsecured notes due June 1, 2033.
Crown Holdings plans $500M senior notes offering to refinance 2026 notes
Crown Americas LLC to issue $500M senior unsecured notes in private placement.
Crown Holdings Q1 EPS $1.65 (adj $1.67) beats; raises FY2025 guidance to $6.70-$7.10
Q1 diluted EPS $1.65 vs $0.56 prior year; adjusted EPS $1.67, up 64% YoY.
Crown Holdings Q4 adjusted EPS $1.59 beats $1.24 YoY; FY25 guidance $6.60-$7.00
Q4 adjusted diluted EPS $1.59, up 28% YoY; reported EPS $3.02 includes $275M gain on Eviosys sale.
Crown Holdings calls €600M 3.375% Senior Notes due 2025 for redemption on Dec 31
Crown European Holdings S.A., a wholly-owned subsidiary, issued notice to redeem all outstanding €600M 3.375% Senior Notes due 2025.
Crown Holdings Q3 adj. EPS $1.99 beats prior year; FY guidance raised to $6.25-$6.35
Q3 net sales $3,074M (flat YoY); global beverage can shipments +5%.
Crown to transfer $740M in US pension obligations to MassMutual; Q3 non-cash charge ~$450M
Agreement to purchase group annuity contract from MassMutual covering approximately 12,000 participants.
Crown Holdings subsidiary issues €600M 4.500% senior notes due 2030
Crown European Holdings S.A., wholly-owned subsidiary, issued €600M of 4.500% senior notes due 2030.
Crown Holdings issues €600M 4.500% senior notes due 2030 to refinance 2.625% notes due Sep 2024
€600M aggregate principal of senior unsecured notes due Jan 15, 2030; interest 4.500% paid semi-annually.
Crown Holdings to offer €600M senior notes to refinance maturing 2.625% notes due Sept 2024
Crown European Holdings S.A. (Crown subsidiary) to offer €600M senior unsecured notes via private placement under Rule 144A/Reg S.
Crown Holdings Q2 adjusted EPS $1.81 beats $1.68 YoY; raises FY EPS guidance to $6.00-$6.25
Q2 net sales $3,040M (-2% vs $3,109M); segment income $437M (+5.6% YoY); adjusted EPS $1.81 vs $1.68.
Crown Holdings Q1 net sales $2.78B, adj. EPS $1.02, down from $1.20; FY guidance reaffirmed
Net sales $2,784M vs $2,974M; income from operations $245M vs $269M YoY.
Crown Holdings Q4 net income $32M; adjusted EPS $1.24; FY2024 guidance $5.80-$6.20
Q4 net sales $2,858M (down 5% YoY); segment income $382M (up 31% YoY).
Crown Holdings subsidiary issues €500M 4.750% notes due 2029
Issuer: Crown European Holdings S.A., wholly-owned subsidiary of Crown Holdings.
Crown Holdings unit issues €500M 4.750% senior notes due 2029 to repay debt
€500M aggregate principal amount 4.750% senior notes due 2029 issued by Crown European Holdings S.A.
Crown Holdings plans €400M senior unsecured notes offering via subsidiary
Crown European Holdings S.A. to issue €400M senior unsecured notes in a private placement.
Directors Jesse Lynn and Andrew Teno resign from Crown Holdings board effective Nov 20, 2023
Jesse Lynn and Andrew Teno resigned from the board on November 20, 2023, pursuant to a December 2022 agreement with Carl Icahn.
Crown Holdings Q3 adjusted EPS $1.73, up from $1.46; FY23 guidance $6.00-$6.10
Q3 net sales $3,069M (down 5.8% YoY); segment income $430M (up 28% from $336M).
Crown Holdings Q2 adjusted EPS $1.68 vs $2.10; revenue $3.1B; guides FY adjusted EPS $6.10-$6.30
Net sales $3,109M (-11% YoY) on lower material pass-through and volumes; segment income $414M vs $432M.
Crown Holdings subsidiary issues €500M 5.000% senior notes due 2028
€500M aggregate principal, 5.000% semi-annual interest, matures May 15, 2028.
Crown Holdings subsidiary issues €500M 5% senior notes due 2028
Issuer Crown European Holdings S.A. issued €500M 5.000% senior notes due May 15, 2028.
Crown Holdings plans €400M senior unsecured notes due 2028 to repay revolver
Offering of €400M aggregate principal senior unsecured notes due 2028 by subsidiary Crown European Holdings S.A.
Crown Holdings Q1 adjusted EPS $1.20 beats $1.00-$1.10 guidance; FY outlook reaffirmed
Q1 net sales $2,974M vs $3,162M YoY; reported diluted EPS $0.85 vs $1.74.
Q4 net sales $3,012M, down from $3,054M; segment income $292M vs $357M.
Crown Holdings appoints two Icahn designees to Board, terminates poison pill
Icahn Enterprises (owns 8.5% of CCK) gets Jesse Lynn and Andrew Teno appointed to Board, effective immediately.
Crown Holdings extends director nomination deadline for 2023 annual meeting to Dec 12
Board extended deadline for shareholder nominations and other business from Nov 21 to Dec 12, 2022.
Crown Holdings adopts shareholder rights plan after Carl Icahn accumulates 8.5% stake
Carl Icahn filed Schedule 13D on Nov 3 disclosing ~8.5% beneficial ownership and HSR notice to acquire up to 20% of CCK.
Crown Holdings Q3 adjusted EPS $1.46, cuts FY2022 guidance to $6.60-$6.70 from $8.00-$8.20
Q3 net sales $3,259M (+12% YoY); segment income $336M vs $379M prior year.
Crown Holdings amends credit facility, redeems €885M of 2023 notes
New $1.8B Term Loan A, $800M Dollar Revolving, $800M Multicurrency Revolving, $50M Canadian Revolving, €540M Term Euro; maturity extended to August 2027.
Crown Holdings Q2 adjusted EPS $2.10, revenue $3.5B; guides FY adjusted EPS $7.65-$7.85
Q2 reported EPS $2.43 vs $0.95; adjusted EPS $2.10 vs $2.14; revenue $3.51B +23%.
Crown Holdings Q1 adjusted EPS $2.01 beats $1.83; guides FY $8.00-8.20
Net sales $3,162M vs $2,564M (+23%); reported EPS $1.74 vs $1.57.
Crown Holdings completes $500M 5.250% senior notes due 2030
Issued $500M aggregate principal of 5.250% senior unsecured notes due April 1, 2030.
On November 20, 2023, Jesse Lynn and Andrew Teno each provided notice of their resignation from the Board of Directors of Crown Holdings, Inc. (the "Company"), effective on such date.
On November 20, 2023, Jesse Lynn and Andrew Teno each provided notice of their resignation from the Board of Directors of Crown Holdings, Inc. (the "Company"), effective on such date.
On December 12, 2022, pursuant to the Agreement, the Board appointed each of Andrew Teno and Jesse Lynn to serve as a member of the Board effective immediately.
On December 12, 2022, pursuant to the Agreement, the Board appointed each of Andrew Teno and Jesse Lynn to serve as a member of the Board effective immediately.
On February 24, 2022, Crown Holdings, Inc. (the “ Company ”) announced that Marsha C. Williams was elected to serve on the Board of Directors of the Company (the “ Board ”), effective on March 1, 2022.
On January 18, 2022, Rose Lee, a member of the Board of Directors (the “ Board ”) of Crown Holdings, Inc. (the “ Company ”), notified the Company that she has decided not to stand for re-election at the Company’s 2022 Annual Meeting of Shareholders
On January 7, 2022, Crown Holdings, Inc. (the "Company") entered into an employment agreement with its Senior Vice President and Chief Financial Officer Kevin C. Clothier (the "Employment Agreement") in connection with Mr. Clothier's promotion to Chief Financial Officer of the Company.
the upcoming retirement of Thomas A. Kelly, the Company’s Senior Vice President and Chief Financial Officer, who will retire in January 2022.
Kevin C. Clothier, age 53, the Company’s Vice President & Treasurer, will assume the role of Senior Vice President and Chief Financial Officer, effective January 1, 2022.
Ms. Christy L. Kalaus, age 42, the Company’s Assistant Corporate Controller, was promoted to Vice President and Corporate Controller, effective January 1, 2022.
Mr. David A. Beaver, age 45, the Company’s current Corporate Controller, has been appointed the Company’s new Vice President & Treasurer, effective January 1, 2022.
Max materiality 0.85 · Median 0.57 · Most common event debt