Avery Dennison Files Additional Proxy Materials

TL;DR

AVERY DENNISON (AVY) filed more proxy docs. Shareholders, check your mail.

AI Summary

Avery Dennison Corporation filed a Definitive Additional Materials proxy statement on March 29, 2024. This filing is related to the company's proxy materials, likely concerning upcoming shareholder meetings and voting matters. The filing does not appear to contain new proposals or significant financial disclosures but serves as supplementary information to previously filed proxy statements.

Why It Matters

This filing provides shareholders with updated or supplementary information relevant to their voting decisions at upcoming company meetings. It ensures shareholders have the most current details for exercising their rights.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement supplement and does not contain new financial information or proposals that would inherently increase risk.

Key Players & Entities

• Avery Dennison Corp (company) — Registrant
• 8080 NORTON PARKWAY (location) — Business and Mail Address
• MENTOR, OH 44060 (location) — Business and Mail Address

FAQ

Key Financial Figures

• $17.4B — Employees 50+ Countries with operations $17.4B Market cap(1) $8.4B 2023 Net sales (1)
• $8.4B — es with operations $17.4B Market cap(1) $8.4B 2023 Net sales (1) As of March 21, 2024
• $5.8B — serve Materials Group 2023 Net sales of $5.8B Solutions Group 2023 Net sales of $2.6B
• $2.6B — $5.8B Solutions Group 2023 Net sales of $2.6B Pressure-sensitive materials Label mate
• $3 m — grant date fair value of approximately $3 million, 50% of which will vest on each o
• $256.7 million — rs, and Silver Crystal In 2023, we paid $256.7 million in dividends of $3.18 per share and rep
• $3.18 — we paid $256.7 million in dividends of $3.18 per share and repurchased 0.8 million s
• $2 billion — last five years, we have deployed over $2 billion to acquisitions (including venture inve

Filing Documents

• d816528ddefa14a.htm (DEFA14A) — 47KB
• g816528txs10g1.jpg (GRAPHIC) — 34KB
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• g816528txs8g1.jpg (GRAPHIC) — 147KB
• g816528txs9g1.jpg (GRAPHIC) — 147KB
• 0001193125-24-082151.txt ( ) — 2998KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 AVERY DENNISON CORPORATION (Name of Registrant as Specified in Its Charter) N/A (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Proxy Season Stockholder Engagement Spring 2024 Safe Harbor Statement Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targets, are subject to certain risks and uncertainties, which could cause our actual results to differ materially from the expected results, performance or achievements expressed or implied by such forward-looking statements. We believe that the most significant risk factors that could affect our financial performance in the near term include: (i) the impacts to underlying demand for our products from global economic conditions, political uncertainty, and changes in environmental standards and governmental regulations; (ii) competitors' actions, including pricing, expansion in key markets, and product offerings; (iii) the cost and availability of raw materials; (iv) the degree to which higher costs can be offset with productivity measures and/or passed on to customers through price increases, without a significant loss of volume; (v) foreign currency fluctuations; and (vi) the execution and integration of acquisitions. Actual results and trends may differ materially from historical or anticipated results depending on a variety of factors, including but are not limited to, risks and uncertainties relating to the following: International Operations – worldwide economic, social, political and market conditions; changes in political conditions, including those related to China, the Russia-Ukraine war, the Israel-Hamas war and related hostilities in the Middle East; fluctuations in foreign currency exchange rates; and other risks associated with international operations, including in emerging markets Our Business – fluctuations in demand affecting sales to customers; fluctuations in the cost and availability of raw materials and energy; changes in our markets due to competitive conditions, technological developments, laws and regulations, tariffs and customer preferences; increasing environmental standards; the impact of competitive products and pricing; execution and integration of acquisitions; selling prices; customer and supplier concentrations or consolidations; financial condition of distributors; outsourced manufacturers; product and service quality; restructuring and other productivity actions; timely development and market acceptance of new products, including sustainable or sustainably-sourced products; investment in development activities and new production facilities; successful implementation of new manufacturing technologies and installation of manufacturing equipment; our ability to generate sustained productivity improvement; our ability to achieve and sustain targeted cost reductions; collection of receivables from customers; our sustainability and governance practices; and epidemics, pandemics or other outbreaks of illness Information Technology – disruptions in information technology systems, cyber attacks or other security breaches; and successful installation of new or upgraded information technology systems Income Taxes – fluctuations in tax rates; changes in tax laws and regulations, and uncertainties associated with interpretations of such laws and regulations; retention of tax incentives; outcome of tax audits; and the realization of deferred tax assets Human Capital – recruitment and retention of employees and collective labor arrangements Our Indebtedness – credit risks; our ability to obtain adequate financing arrangements and maintain access to capital; fluctuations in interest rates; volatility in financial markets; and compliance with our debt covenants Ownership of Our Stock – potential significant variability of our stock price and amounts of future dividends and share repurchases Legal and Regulatory Matters – protection and infringement of intellectual property; impact of legal and regulatory proceedings, including with respect to environmental, complianc

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View this DEFA14A filing on SEC EDGAR