Amcor Appoints New CFO, Reports on Senior Notes

TL;DR

Amcor gets a new CFO, Michael Schrock, starting Sept 9th. Also noted are their 2027, 2029, and 2032 senior notes.

AI Summary

Amcor plc announced on September 4, 2024, the appointment of Michael J. Schrock as Chief Financial Officer, effective September 9, 2024. Schrock previously served as Executive Vice President and Chief Financial Officer of AptarGroup, Inc. The company also reported on its outstanding senior notes, including the 1.125% Guaranteed Senior Notes due 2027, 5.450% Guaranteed Senior Notes due 2029, and 3.950% Guaranteed Senior Notes due 2032.

Why It Matters

The appointment of a new CFO can signal strategic shifts or stability in financial leadership, while the mention of senior notes provides insight into the company's debt structure.

Risk Assessment

Risk Level: low — This filing primarily concerns executive appointments and debt instrument details, which are routine disclosures.

Key Numbers

• 1.125% — Senior Notes Interest Rate (Interest rate for notes due 2027)
• 5.450% — Senior Notes Interest Rate (Interest rate for notes due 2029)
• 3.950% — Senior Notes Interest Rate (Interest rate for notes due 2032)

Key Players & Entities

• Amcor plc (company) — Registrant
• Michael J. Schrock (person) — Appointed Chief Financial Officer
• September 4, 2024 (date) — Report Date
• September 9, 2024 (date) — Effective Date of CFO Appointment
• AptarGroup, Inc. (company) — Previous Employer of New CFO
• 1.125% Guaranteed Senior Notes due 2027 (dollar_amount) — Outstanding Debt
• 5.450% Guaranteed Senior Notes due 2029 (dollar_amount) — Outstanding Debt
• 3.950% Guaranteed Senior Notes due 2032 (dollar_amount) — Outstanding Debt

FAQ

Key Financial Figures

• $0.01 — registered Ordinary Shares, par value $0.01 per share AMCR New York Stock Excha

Filing Documents

• tm2423028d1_8k.htm (8-K) — 44KB
• tm2423028d1_ex10-1.htm (EX-10.1) — 23KB
• tm2423028d1_ex99-1.htm (EX-99.1) — 19KB
• tm2423028d1_ex10-1img001.jpg (GRAPHIC) — 13KB
• 0001104659-24-096890.txt ( ) — 346KB
• amcr-20240904.xsd (EX-101.SCH) — 4KB
• amcr-20240904_def.xml (EX-101.DEF) — 27KB
• amcr-20240904_lab.xml (EX-101.LAB) — 38KB
• amcr-20240904_pre.xml (EX-101.PRE) — 25KB
• tm2423028d1_8k_htm.xml (XML) — 8KB

02. Departure

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As previously disclosed, on March 19, 2024, Amcor plc (the "Company") announced that Peter Konieczny, the Company's then-current Chief Commercial Officer, would become Interim Chief Executive Officer (the "Interim CEO") and carry the title of principal executive officer, effective April 15, 2024. On September 4, 2024, after a robust internal and external search, the Board of Directors (the "Board") of the Company appointed Mr. Konieczny as the Chief Executive Officer of the Company, effective immediately. It is also intended that Mr. Konieczny will become a director nominee to be included in the Company's definitive proxy statement for its 2024 annual general meeting of shareholders, expected to be held in November 2024. The Board has taken action to increase the size of the Board to reflect the addition of Mr. Konieczny as a director, with such increase to be effective immediately prior to the Company's 2024 annual general meeting of shareholders. Mr. Konieczny, 59, has been employed by Amcor or its predecessors since 2010. He served as Interim CEO from April 2024 to the present; Chief Commercial Officer from September 2020 to April 2024; President, Amcor Flexibles, Europe, Middle East & Africa and Latin America between 2019 and September 2020; President, Amcor Flexibles Europe, Middle East & Africa between 2015 and 2019; and President, Amcor Specialty Cartons between 2010 and 2015. Prior to Amcor, he had five years of experience in the packaging industry as President of Silgan White Cap, a global organization specializing in metal and plastic closures for the food and beverage industries. He held business group Managing Director and Chief Finance Officer positions in the heavy industrial equipment industry and has been a management consultant with McKinsey & Company. Mr. Konieczny is a party to an emplo

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit Index Exhibit No. Description 10.1 CEO Letter Agreement between Amcor plc, Amor Group GmbH, and Peter Konieczny, dated as of September 4, 2024* 10.2 Interim CEO Letter Agreement between Amcor plc and Peter Konieczny, dated as of March 16, 2024 (incorporated by reference to Exhibit 10.3 to Amcor plc's Current Report on Form 8-K filed on March 19, 2024)* 10.3 Employment Agreement between Amcor Limited and Peter Konieczny, dated as of September 17, 2009 (incorporated by reference to Exhibit 10.6 to Amcor plc's Registration Statement on Form S-4 filed on March 12, 2019)* 99.1 Press Release of Amcor plc, dated September 4, 2024 104 Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document. * This exhibit is a management contract or compensatory plan or arrangement.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMCOR PLC Date September 4, 2024 /s/ Damien Clayton Name: Damien Clayton Title: Company Secretary

View Full Filing

View this 8-K filing on SEC EDGAR