O-I Glass, Inc. /DE/ — fact timeline

O-I Glass, Inc. /DE/ entered into Indenture with Regions Bank valued at $500 million (effective 2026-05-18).

“On May 18, 2026, Owens-Brockway Glass Container Inc. (“OBGC”), a Delaware corporation and an indirect wholly owned subsidiary of O-I Glass, Inc. (“O-I Glass”), completed a private offering of $500 million aggregate principal amount of its 9.500% Senior Notes due 2033 (the “Notes”) to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”).”

O-I Glass, Inc. /DE/ incurred senior notes of $500 million aggregate principal amount with Regions Bank at 9.500% maturing 2033.

“completed a private offering of $500 million aggregate principal amount of its 9.500% Senior Notes due 2033”

O-I Glass, Inc. /DE/ shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2026-05-13 meeting.

“Proposal 3 – Advisory Vote to Approve Named Executive Officer Compensation: The compensation of the Company’s named executive officers was approved by an advisory (non-binding) vote of the share owners as follows: Aggregate Vote For Against Abstentions Broker Non-Votes 126,880,688 4,831,872 745,658 7,318,473”

O-I Glass, Inc. /DE/ shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-05-13 meeting.

“Proposal 2 – Ratification of Appointment of Independent Registered Public Accounting Firm: The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified by a vote of the share owners as follows: Aggregate Vote For Against Abstentions Broker Non-Votes 132,246,776 6,638,464 891,451 0”

O-I Glass, Inc. /DE/ shareholders approved Election of Directors at the 2026-05-13 meeting.

“Proposal 1 – Election of Directors: Each of the nominees for the Company’s Board of Directors was elected to serve a one-year term by a vote of the share owners as follows: Aggregate Vote Name For Against Abstentions Broker Non-Votes Samuel R. Chapin 128,906,417 2,610,427 941,374 7,318,473 David V. Clark, II 126,867,269 4,640,360 950,589 7,318,473 Eugenio Garza y Garza 129,078,465 2,508,773 870,980 7,318,473 Gordon J. Hardie 128,766,168 3,022,450 669,600 7,318,473 John Humphrey 128,447,665 3,148,379 862,174 7,318,473 Iain J. Mackay 129,091,028 2,496,490 870,700 7,318,473 Hari N. Nair 126,550,406 4,971,027 936,785 7,318,473 Cheri Phyfer 128,680,137 2,452,673 1,325,408 7,318,473 Catherine I. Slater 128,340,633 3,264,494 853,091 7,318,473 Carol A. Williams 127,388,187 4,165,134 904,897 7,318,473”

O-I Glass, Inc. /DE/ updated its first-quarter ended March 31, 2026 guidance (lowered).

“On April 28, 2026, O-I Glass, Inc. (the “Company”) issued a press release announcing its results of operations for the quarter ended March 31, 2026.”

O-I Glass, Inc. /DE/ incurred credit facility of up to $2.7 billion of borrowings with Wells Fargo Bank, National Association at Term SOFR or Base Rate or Eurocurrency Rate plus applicable margin; Term Loans A maturing Term loans A and revolving credit facility mature September 2030; Term loans B mature September 2032.

“On September 30, 2025, Owens-Illinois Group, Inc. ("OI Group"), a direct, wholly owned subsidiary of O-I Glass, Inc. (the "Company") entered into an Amended and Restated Credit Agreement and Syndicated Facility Agreement with Wells Fargo Bank, National Association, as Administrative Agent, Owens-Illinois General Inc., as Borrowers' Agent, and the other Agents, Arrangers and Lenders named therein (the "Credit Agreement"). The Credit Agreement refinances in full OI Group's Credit Agreement and Syndicated Facility Agreement, dated March 22, 2022 (as amended by Amendment No. 1 to Credit Agreement and Syndicated Facility Agreement dated August 30, 2022, the "Prior Credit Agreement"). The Credit Agreement provides for up to $2.7 billion of borrowings pursuant to term loans A, term loans B and a revolving credit facility.”

O-I Glass, Inc. /DE/ announced a restructuring with charges of approximately $50 million affecting European segment (approximately 170 people).

“other European plants in the Company’s network. Subject to finalization of certain estimates, the Company expects to record charges associated with this closure of approximately $50 million in the first quarter of 2025, primarily for one-time employee separation benefits and other costs related to the closing (of which approximately $50 million relate to future cash”

O-I Glass, Inc. /DE/ announced a restructuring with charges of approximately $72 million affecting European segment (approximately 100 people).

“Subject to finalization of certain estimates, the Company expects to record charges associated with these closures of approximately $72 million in the fourth quarter of 2024.”

O-I Glass, Inc. /DE/ announced a restructuring with charges of approximately $39 million affecting Americas segment (approximately 150 people).

“domestic plants in the Company’s network. Subject to finalization of certain estimates, the Company expects to record a charge associated with this closure of approximately $39 million in the third quarter of 2024. Major components of the charge include approximately $24 million for impairment of plant-related assets, such as the closed furnace and”

Vitaliano Torno changed role as Senior Vice President, Chief Transformation Officer and President of O-I Europe at O-I Glass, Inc. /DE/.

“Vitaliano Torno, who currently serves as the Company’s Senior Vice President, Global Business Operations, and President of O-I Europe, will become the Company’s Senior Vice President, Chief Transformation Officer and President of O-I Europe , effective August 1, 2024.”

O-I Glass, Inc. /DE/ shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2024-05-15 meeting.

“Proposal 3 - Advisory Vote to Approve Named Executive Officer Compensation: The compensation of the Company’s named executive officers was approved by an advisory (non-binding) vote of the share owners as follows: Aggregate Vote For Against Abstentions Broker Non-Votes 130,951,447 3,737,003 283,011 6,989,024”

O-I Glass, Inc. /DE/ shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-15 meeting.

“Proposal 2 - Ratification of Appointment of Independent Registered Public Accounting Firm: The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified by vote of the share owners as follows: Aggregate Vote For Against Abstentions Broker Non-Votes 137,666,746 4,022,896 270,843 0”

O-I Glass, Inc. /DE/ shareholders approved Election of Directors at the 2024-05-15 meeting.

“Proposal 1 - Election of Directors: Each of the nominees for the Company’s Board of Directors (the “Board”) was elected to serve a one-year term by vote of the share owners as follows: Aggregate Vote Name For Against Abstentions Broker Non-Votes Samuel R. Chapin 133,330,994 1,309,755 330,712 6,989,024 David V. Clark, II 133,141,032 1,622,717 207,712 6,989,024 Eric J. Foss 122,809,255 11,936,017 226,189 6,989,024 Gordon J. Hardie 133,329,968 1,414,976 226,517 6,989,024 John Humphrey 131,881,043 2,882,497 207,921 6,989,024 Alan J. Murray 125,221,508 9,485,902 264,051 6,989,024 Hari N. Nair 132,739,976 1,924,026 307,459 6,989,024 Cheri Phyfer 133,513,799 1,201,841 255,821 6,989,024 Catherine I. Slater 133,160,324 1,555,465 255,672 6,989,024 Carol A. Williams 132,004,524 2,718,015 248,922 6,989,024”

O-I Glass, Inc. /DE/ reported first quarter ended March 31, 2024 results: revenue $1.6 billion, net income $0.45 per share (diluted), EPS $0.45 per share (diluted). Guidance lowered.

“we expect this new innovative technology will create a significant competitive advantage for our company well into the future,” said Andres Lopez, O-I Glass CEO. Net sales were $1.6 billion in the first quarter of 2024 compared to $1.8 billion in the prior year reflecting slightly lower average selling prices and a 12.5 percent decline in sales volume (in tons).”

Andres A. Lopez departed as ceo at O-I Glass, Inc. /DE/.

“Mr. Hardie will succeed Andres A. Lopez, who, as previously announced, is retiring at the 2024 Annual Meeting.”

Gordon J. Hardie was appointed as President and Chief Executive Officer at O-I Glass, Inc. /DE/.

“appointed Gordon J. Hardie as President and Chief Executive Officer of the Company, effective on the later of the conclusion of the Company’s annual meeting of stockholders to be held on May 15, 2024”

Andres Lopez departed as President and Chief Executive Officer at O-I Glass, Inc. /DE/.

“Andres Lopez notified the Board of Directors (the “Board”) of O-I Glass, Inc. (the “Company”) of his intention to retire from his role as President and Chief Executive Officer of the Company and that he will step down from the Board, each effective at the Company’s annual meeting of stockholders to be held on May 15, 2024.”

O-I Glass, Inc. /DE/ reported fourth quarter ended December 31, 2023 results: revenue $1.6 billion, net income $439 million loss before income taxes, EPS ($3.05) per share (diluted).

“($439) $29 Adjusted Earnings Earnings Per Share (Diluted) Segment Operating Profit $M 4Q23 4Q22 4Q23 4Q22 Non - GAAP $0.12 (Guidance: ~ $0.03) $0.38 $168 $206 Net sales were $1.6 billion in the fourth quarter of 2023 compared to $1.7 billion in the prior year period as the benefit from higher average selling prices and favorable foreign currency translation”

O-I Glass, Inc. /DE/ reported year ended December 31, 2023 results: revenue $7.1 billion, net income ($0.67) per share (diluted), EPS ($0.67) per share (diluted).

“are behind us and we anticipate stronger future earnings as both sales and production volumes recover to pre-pandemic levels over time,” concluded Lopez. Net sales were $7.1 billion in 2023, up approximately 4 percent compared to $6.9 billion in the prior year primarily due to higher average selling prices as well as favorable foreign currency translation.”

O-I Glass, Inc. /DE/ reported 2023 results: EPS ~$3.00. Guidance raised.

“Year-to-date adjusted earnings have already exceeded full year 2022 and the company expects 2023 adjusted earnings will approximate $3.00 per share.”

O-I Glass, Inc. /DE/ reported the third quarter ended September 30, 2023 results: revenue $1.74 billion, net income $0.32 per share (diluted), EPS $0.32. Guidance raised.

“believe will occur in 2024. This focus aligns with our ongoing efforts to transform the company and create shareholder value,” concluded Lopez. Third Quarter 2023 Net sales were $1.74 billion in the third quarter of 2023, up 3 percent compared to $1.69 billion in the prior year period primarily due to higher average selling prices as well as favorable foreign currency”

O-I Glass, Inc. /DE/ announced a restructuring with charges of approximately $60 million affecting Waco, Texas glass container plant (approximately 300 people).

“On September 19, 2023, O-I Glass, Inc. (the “Company”) approved the closure of its Waco, Texas glass container plant. The closure is expected to occur on or after October 16, 2023. The Company intends to facilitate the closure in a respectful manner for the approximately 300 people impacted at the Waco plant. Current customers of the plant will be served by other domestic plants in the Company’s network. The Company remains strongly focused on optimizing the overall efficiency of, and investments in, its regional plant network, and the decision to close the Waco plant is consistent with the Company’s previously communicated initiatives to improve performance across its operations. Subject to finalization of certain estimates, the Company expects to record a charge associated with the Waco closure of approximately $60 million in the third quarter of 2023.”

O-I Glass, Inc. /DE/ reported second quarter ended June 30, 2023 results: revenue $1.9 billion, net income $0.69 per share (diluted), EPS $0.69 per share (diluted).

“to expect 2023 adjusted earnings will significantly exceed the prior year given strong execution and operating performance,” said Andres Lopez, O-I Glass CEO. Net sales were $1.9 billion in the second quarter of 2023, up compared to $1.8 billion in the prior year period primarily due to higher average selling prices as well as favorable foreign currency”

O-I Glass, Inc. /DE/ incurred senior notes of €600 million with eligible purchasers under Rule 144A and Regulation S at 6.250% maturing 2028.

“completed a private offering of €600 million aggregate principal amount of its 6.250% Senior Notes due 2028 (the "OIEG Notes" and, together with the OBGC Notes, the "Notes") to eligible purchasers under Rule 144A and Regulation S of the Securities Act.”

O-I Glass, Inc. /DE/ incurred senior notes of $690 million with eligible purchasers under Rule 144A and Regulation S at 7.250% maturing 2031.

“completed a private offering of $690 million aggregate principal amount of its 7.250% Senior Notes due 2031 (the "OBGC Notes") to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act").”

O-I Glass, Inc. /DE/ entered into OIEG Indenture with OI European Group B.V., the guarantors party thereto including Owens-Illinois Group, Inc., U.S. Bank Trust Company, National Association, and Elavon Financial Services DAC valued at €600 million (effective 2023-05-25).

“OIEG Indenture On May 25, 2023, OI European Group B.V. (“OIEG”), a private limited liability company incorporated under the laws of the Netherlands and an indirect wholly-owned subsidiary of O-I Glass,”

O-I Glass, Inc. /DE/ entered into OBGC Indenture with Owens-Brockway Glass Container Inc., the guarantors party thereto including Owens-Illinois Group, Inc., and U.S. Bank Trust Company, National Association valued at $690 million (effective 2023-05-25).

“OBGC Indenture On May 25, 2023, Owens-Brockway Glass Container Inc. (“OBGC”), a Delaware corporation and an indirect wholly owned subsidiary of O-I Glass, Inc.”

O-I Glass, Inc. /DE/ shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of the Named Executive Officers at the 2023-05-09 meeting.

“Proposal 5 —Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of the Named Executive Officers: The frequency of future advisory votes to approve the compensation of the named executive officers was determined by an advisory (non-binding) vote of the share owners as follows:”

O-I Glass, Inc. /DE/ shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2023-05-09 meeting.

“Proposal 4 —Advisory Vote to Approve Named Executive Officer Compensation: The compensation of the Company’s named executive officers was approved by an advisory (non-binding) vote of the share owners as follows:”

O-I Glass, Inc. /DE/ shareholders approved Approval of the Company’s Fourth Amended and Restated 2017 Incentive Award Plan at the 2023-05-09 meeting.

“Proposal 3 — Approval of the Company’s Fourth Amended and Restated 2017 Incentive Award Plan: The Plan was approved by vote of the share owners as follows:”

O-I Glass, Inc. /DE/ shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-05-09 meeting.

“Proposal 2 – Ratification of Appointment of Independent Registered Public Accounting Firm: The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was ratified by vote of the share owners as follows:”

O-I Glass, Inc. /DE/ shareholders approved Election of Directors at the 2023-05-09 meeting.

“Proposal 1 – Election of Directors: Each of the nominees for the Company’s Board of Directors was elected to serve a one-year term by vote of the share owners as follows:”

O-I Glass, Inc. /DE/ reported full year 2023 results: EPS $3.05 - $3.25 per share. Guidance raised.

“O-I has increased its full year guidance for adjusted earnings per share, free cash flow and adjusted free cash flow given very good first quarter performance. The company now anticipates 2023 adjusted earnings will approximate $3.05 to $3.25 per share, compared to prior guidance of at least $2.50 per share, reflecting incremental net price realization as well as strong operating and cost performance.”

O-I Glass, Inc. /DE/ reported first quarter ended March 31, 2023 results: EPS $1.29 per share (diluted).

“Net earnings attributable to the company were $1.29 per share (diluted) in the first quarter of 2023 compared to $0.55 per share (diluted) in the prior year period. Adjusted earnings were $1.29 per share (diluted) in the first quarter of 2023, compared to $0.56 per share (diluted) in the prior year period. Actual results exceeded original guidance of $0.80 to $0.85 per share.”

O-I Glass, Inc. /DE/: Amendments to advance notice disclosure requirements, universal proxy rules, and other clarifications to the By-laws (effective 2022-12-06).

“On December 6, 2022, the Board of Directors (the “Board”) of O-I Glass, Inc. (the “Company”) approved and adopted amendments to the Amended and Restated By-Laws of the Company (as so amended, the “By-laws”).”

O-I Glass, Inc. /DE/ reported the third quarter ended September 30, 2022 results: EPS $0.63. Guidance raised.

“Adjusted Earnings Earnings Per Share (Diluted) Segment Operating Profit $M 3Q22 3Q21 3Q22 3Q21 Non – GAAP 1 $0.63 $0.58 $266 $243 (Guidance: $0.55 - $0.60)”