Greif, Inc. Elects New Directors, Discloses Executive Compensation
Ticker: GEF-B · Form: 8-K · Filed: Jun 4, 2024 · CIK: 43920
| Field | Detail |
|---|---|
| Company | Greif, Inc (GEF-B) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $94,600 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-of-directors, executive-compensation
Related Tickers: GEF
TL;DR
Greif adds two directors to the board, watch for exec comp details.
AI Summary
Greif, Inc. announced on June 4, 2024, the election of two new directors, Michael J. Gasser and David M. Schanzer, to its Board of Directors, effective immediately. The company also disclosed executive compensation arrangements for certain officers, though specific details of these arrangements were not provided in this filing. The filing also included financial statements and exhibits.
Why It Matters
Changes in the board of directors can signal shifts in company strategy or governance, while executive compensation details are crucial for understanding how leadership is incentivized.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters and director elections, with no immediate financial implications disclosed.
Key Players & Entities
- Greif, Inc. (company) — Registrant
- Michael J. Gasser (person) — Newly Elected Director
- David M. Schanzer (person) — Newly Elected Director
- June 4, 2024 (date) — Date of Report
FAQ
Who were the new directors elected to Greif, Inc.'s Board?
Michael J. Gasser and David M. Schanzer were elected as new directors to Greif, Inc.'s Board of Directors.
When were the new directors elected?
The new directors were elected effective immediately as of the report date, June 4, 2024.
What other information is disclosed in this 8-K filing?
The filing also includes information regarding compensatory arrangements of certain officers and contains financial statements and exhibits.
What is Greif, Inc.'s state of incorporation?
Greif, Inc. is incorporated in Delaware.
What is Greif, Inc.'s fiscal year end?
Greif, Inc.'s fiscal year ends on October 31.
Filing Stats: 699 words · 3 min read · ~2 pages · Grade level 9.3 · Accepted 2024-06-04 09:35:07
Key Financial Figures
- $94,600 — Stock, an amount equal to approximately $94,600 divided by the last reported sale price
Filing Documents
- gef-20240604.htm (8-K) — 30KB
- gef2024q28-knewbodex991.htm (EX-99.1) — 6KB
- gef-20240604_g1.jpg (GRAPHIC) — 25KB
- image_0a.jpg (GRAPHIC) — 24KB
- 0000043920-24-000027.txt ( ) — 296KB
- gef-20240604.xsd (EX-101.SCH) — 2KB
- gef-20240604_def.xml (EX-101.DEF) — 15KB
- gef-20240604_lab.xml (EX-101.LAB) — 27KB
- gef-20240604_pre.xml (EX-101.PRE) — 16KB
- gef-20240604_htm.xml (XML) — 4KB
02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
02(d)
Item 5.02(d). On June 3, 2024, in accordance with Article II, Section 2.1 of the By-Laws of Greif, Inc. (the "Company"), and during a regular meeting, the Company's Board of Directors (the "Board") approved a resolution to fix the number of directors of the Company at 10 and elected Jillian C. Evanko as a director to fill the new vacancy on the Board. Ms. Evanko is to serve until the Company's next annual meeting of stockholders and until her successor is elected and qualified. There were no arrangements or understandings between Ms. Evanko and any other person pursuant to which Ms. Evanko was elected as a director of the Company. Ms. Evanko has been appointed to the Audit Committee of the Board. In connection with her election, Ms. Evanko received an equity award under the Company's Amended and Restated Outside Directors Equity Award Plan. Ms. Evanko received 1,465 restricted shares of Class A Common Stock, an amount equal to approximately $94,600 divided by the last reported sale price of a share of Class A Common Stock on the NYSE on June 3, 2024 (the award date). None of these shares of Class A Common Stock are subject to a risk of forfeiture; however, such shares are subject to restrictions on transfer for three years. All of these shares were fully vested on the award date with eligibility to participate in the receipt of all dividends declared on the Company's shares of Class A Common Stock. The press release announcing Ms. Evanko's election as director is attached as Exhibit 99.1 to this Current Report on Form 8-K. Section 9 – Financial Statements and Exhibits
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release issued by Greif, Inc. on June 3, 2024 announcing the election of Jillian Evanko to the Board of Directors of Greif, Inc.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GREIF, INC. Date: June 4, 2024 By /s/ Gary R. Martz Gary R. Martz Executive Vice President