O-I Glass Files 8-K: Shareholder Votes, Reg FD, and Financials
Ticker: OI · Form: 8-K · Filed: May 15, 2024 · CIK: 812074
| Field | Detail |
|---|---|
| Company | O-I Glass, Inc. /De/ (OI) |
| Form Type | 8-K |
| Filed Date | May 15, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $100 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, regulatory-filing, financial-reporting
TL;DR
O-I Glass filed an 8-K covering shareholder votes, Reg FD, and financials. Major corporate update.
AI Summary
On May 15, 2024, O-I Glass, Inc. filed an 8-K report detailing a submission of matters to a vote of security holders, a Regulation FD disclosure, and other events. The filing also includes financial statements and exhibits. The company, incorporated in Delaware with its principal executive offices in Perrysburg, Ohio, previously operated under the name Owens Illinois Inc.
Why It Matters
This 8-K filing provides crucial updates on O-I Glass's corporate governance and regulatory compliance, including information relevant to shareholder decisions and financial reporting.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure and does not appear to contain immediate negative news or significant financial distress.
Key Players & Entities
- O-I Glass, Inc. (company) — Registrant
- Owens Illinois Inc (company) — Former company name
- Delaware (jurisdiction) — State of incorporation
- Perrysburg, Ohio (location) — Business address
- May 15, 2024 (date) — Date of report
FAQ
What specific matters were submitted to a vote of security holders?
The filing indicates a submission of matters to a vote of security holders, but the specific details of these matters are not provided in the excerpt.
What is the purpose of the Regulation FD disclosure mentioned in the filing?
The purpose of the Regulation FD disclosure is to ensure that material non-public information is broadly disseminated to the public, preventing selective disclosure.
When was O-I Glass, Inc. incorporated?
O-I Glass, Inc. was incorporated in Delaware.
What was O-I Glass, Inc.'s former company name?
O-I Glass, Inc.'s former company name was Owens Illinois Inc.
What is the IRS Employer Identification Number for O-I Glass, Inc.?
The IRS Employer Identification Number for O-I Glass, Inc. is 22-2781933.
Filing Stats: 985 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-05-15 16:22:54
Key Financial Figures
- $100 million — nounced that the Board had authorized a $100 million anti-dilutive share repurchase program
Filing Documents
- tm2414549d1_8k.htm (8-K) — 55KB
- tm2414549d1_ex99-1.htm (EX-99.1) — 12KB
- tm2414549d1_8kimg001.jpg (GRAPHIC) — 3KB
- 0001104659-24-061968.txt ( ) — 249KB
- oi-20240515.xsd (EX-101.SCH) — 3KB
- oi-20240515_lab.xml (EX-101.LAB) — 33KB
- oi-20240515_pre.xml (EX-101.PRE) — 22KB
- tm2414549d1_8k_htm.xml (XML) — 3KB
01. REGULATION FD DISCLOSURE
ITEM 7.01. REGULATION FD DISCLOSURE. On May 15, 2024, after the conclusion of the Annual Meeting, the Company issued a press release announcing John Humphrey's appointment as Independent Board Chair and Gordon J. Hardie's effective date of May 15, 2024 as President and Chief Executive Officer. 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. OTHER EVENTS
ITEM 8.01. OTHER EVENTS. On May 15, 2024, the Company announced that the Board had authorized a $100 million anti-dilutive share repurchase program for the Company's common stock that the Company intends to use to offset future incentive awards. This authorization supersedes and replaces any prior repurchase authorizations. Under the repurchase program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions, or otherwise, all in accordance with the rules of the SEC and other applicable legal requirements. The specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. The repurchase program does not obligate the Company to acquire any particular amount of its common stock, and the repurchase program may be suspended or discontinued at any time at the Company's discretion.
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued on May 15, 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: May 15, 2024 By: /s/ Darrow A. Abrahams Name: Darrow A. Abrahams Title: Senior Vice President, General Counsel & Corporate Secretary