O-I Glass Announces Board and Officer Changes
Ticker: OI · Form: 8-K · Filed: Mar 6, 2024 · CIK: 812074
| Field | Detail |
|---|---|
| Company | O-I Glass, Inc. /De/ (OI) |
| Form Type | 8-K |
| Filed Date | Mar 6, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: OI
TL;DR
O-I Glass shakes up its board and exec comp. New directors in, check the details.
AI Summary
On March 6, 2024, O-I Glass, Inc. announced changes to its Board of Directors, including the election of new directors and the appointment of certain officers. The company also disclosed compensatory arrangements for its named executive officers. These changes are effective as of the reporting date.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and executive compensation matters, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- O-I Glass, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- March 6, 2024 (date) — Date of report
FAQ
What specific changes were made to the Board of Directors?
The filing indicates the election of directors and potentially the departure of others, though specific names of departing directors are not detailed in this summary.
Were there any changes in the appointment of certain officers?
Yes, the filing explicitly mentions the appointment of certain officers as part of the reported events.
What is the nature of the compensatory arrangements disclosed?
The filing states that compensatory arrangements of certain officers are being disclosed, implying details about executive pay are included.
What is the effective date of these reported changes?
The earliest event reported is dated March 6, 2024, which is also the date of the report.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 3221, which corresponds to GLASS CONTAINERS.
Filing Stats: 649 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-03-06 08:35:43
Filing Documents
- tm248001d1_8k.htm (8-K) — 28KB
- tm248001d1_ex99-1.htm (EX-99.1) — 12KB
- tm248001d1_8kimg001.jpg (GRAPHIC) — 3KB
- 0001104659-24-031299.txt ( ) — 223KB
- oi-20240306.xsd (EX-101.SCH) — 3KB
- oi-20240306_lab.xml (EX-101.LAB) — 35KB
- oi-20240306_pre.xml (EX-101.PRE) — 22KB
- tm248001d1_8k_htm.xml (XML) — 3KB
01. REGULATION FD DISCLOSURE
ITEM 7.01. REGULATION FD DISCLOSURE. On March 6, 2024, the Company issued a press release announcing the retirement of Mr. Lopez. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information contained in this Item 7.01 and in Exhibit 99.1 hereto is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued on March 6, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
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. O-I GLASS, INC. Date: March 6, 2024 By: /s/ Darrow A. Abrahams Name: Darrow A. Abrahams Title: Senior Vice President, General Counsel & Corporate Secretary