O-I Glass, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: OI · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 812074

O-I Glass, Inc. /De/ DEF 14A Filing Summary
FieldDetail
CompanyO-I Glass, Inc. /De/ (OI)
Form TypeDEF 14A
Filed DateApr 5, 2024
Risk Levellow
Pages15
Reading Time18 min
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, O-I Glass, Shareholder Meeting, Corporate Governance

TL;DR

<b>O-I Glass, Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 15, 2024.</b>

AI Summary

O-I Glass, Inc. /DE/ (OI) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. O-I Glass, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 5, 2024. The filing covers the period ending May 15, 2024. The company's principal executive offices are located at One Michael Owens Way, Perrysburg, OH 43551-2999. The filing is made by O-I Glass, Inc. /DE/ with Central Index Key 0000812074. The SIC code for O-I Glass, Inc. is 3221 (Glass Containers).

Why It Matters

For investors and stakeholders tracking O-I Glass, Inc. /DE/, this filing contains several important signals. This filing is a standard regulatory requirement for publicly traded companies to provide shareholders with information regarding upcoming meetings and voting matters. Shareholders will use this document to make informed decisions on corporate governance, executive compensation, and other proposals at the company's annual meeting.

Risk Assessment

Risk Level: low — O-I Glass, Inc. /DE/ shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance procedures.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategy and potential impacts on shareholder value.

Key Numbers

  • 2024-04-05 — Filing Date (DEF 14A filing date)
  • 2024-05-15 — Period of Report (Conformed period of report)
  • 0000812074 — Central Index Key (Registrant's Central Index Key)
  • 3221 — SIC Code (Standard Industrial Classification for Glass Containers)

Key Players & Entities

  • O-I Glass, Inc. (company) — Registrant name
  • One Michael Owens Way, Perrysburg, OH 43551-2999 (location) — Business address
  • 0000812074 (identifier) — Central Index Key
  • 3221 (industry_code) — Standard Industrial Classification (Glass Containers)
  • 2024-04-05 (date) — Filing date
  • 2024-05-15 (date) — Period of report

FAQ

When did O-I Glass, Inc. /DE/ file this DEF 14A?

O-I Glass, Inc. /DE/ filed this Proxy Statement (DEF 14A) with the SEC on April 5, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by O-I Glass, Inc. /DE/ (OI).

Where can I read the original DEF 14A filing from O-I Glass, Inc. /DE/?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by O-I Glass, Inc. /DE/.

What are the key takeaways from O-I Glass, Inc. /DE/'s DEF 14A?

O-I Glass, Inc. /DE/ filed this DEF 14A on April 5, 2024. Key takeaways: O-I Glass, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 5, 2024.. The filing covers the period ending May 15, 2024.. The company's principal executive offices are located at One Michael Owens Way, Perrysburg, OH 43551-2999..

Is O-I Glass, Inc. /DE/ a risky investment based on this filing?

Based on this DEF 14A, O-I Glass, Inc. /DE/ presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance procedures.

What should investors do after reading O-I Glass, Inc. /DE/'s DEF 14A?

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategy and potential impacts on shareholder value. The overall sentiment from this filing is neutral.

How does O-I Glass, Inc. /DE/ compare to its industry peers?

O-I Glass, Inc. operates in the glass container manufacturing industry, producing glass packaging for food and beverages.

Are there regulatory concerns for O-I Glass, Inc. /DE/?

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

Industry Context

O-I Glass, Inc. operates in the glass container manufacturing industry, producing glass packaging for food and beverages.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

  1. Review the executive compensation details to assess alignment with company performance.
  2. Examine director nominations and corporate governance proposals for potential impact on shareholder rights.
  3. Identify any shareholder proposals and understand the company's stance on these issues.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure for proxy solicitation, not a change from previous filings of the same type.

Filing Stats: 4,443 words · 18 min read · ~15 pages · Grade level 15.5 · Accepted 2024-04-05 06:45:18

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 28 Compensation Discussion and Analysis 28 Compensation and Talent Development Committee Report 57 2023 Summary Compensation Table 58 Grants of Plan-Based Awards in 2023 60 Outstanding Equity Awards at Fiscal Year End 2023 60 Option Exercises and Stock Vested in 2023 62 Pension Benefits 62 Non-Qualified Deferred Compensation 63 Potential Payments upon Termination or Change in Control 64 CEO PAY RATIO 73 PAY VERSUS PERFORMANCE TABLE 74 AUDIT COMMITTEE REPORT 77 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 78 Fees Paid to Ernst & Young LLP 78 Pre-Approval of Independent Registered Public Accounting Firm Services 78 PROPOSAL 2: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 81 PROPOSAL 3 : ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION FOR 2023 82

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 84 2025 ANNUAL MEETING OF SHARE OWNERS 86

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS 86 PROXY SOLICITATION 87 GENERAL INFORMATION ABOUT THE MEETING 88 Who May Vote 88 How to Vote 89 Deadline 89 Householding 89 Further Instructions Regarding "How to Vote" 89 Revocability of Proxies 90 Vote Required to Approve Matters 90 Other Matters 90 APPENDIX A A- 1 Table of Contents Proxy Statement Summary PROXY STATEMENT SUMMARY This summary highlights certain information contained elsewhere in this proxy statement. This is only a summary, so please refer to the full Proxy Statement and 2023 Annual Report to share owners before you vote. ANNUAL MEETING LOGISTICS WHEN Wednesday, May 15, 2024 WHERE Online only at: www.virtualshareholdermeeting.com/OI2024 RECORD DATE March 18, 2024 Voting guide PROPOSAL Election of 10 Directors (see pages 12-17) OUR BOARD RECOMMENDS A VOTE FOR EACH DIRECTOR NOMINEE 1 The Board of Directors recommends that you vote FOR each director nominee. These individuals bring a range of relevant experiences and overall diversity of perspectives that is essential to good governance and leadership of our Company. PROPOSAL Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for 2024 (see page 81) OUR BOARD RECOMMENDS A VOTE FOR THIS PROPOSAL 2 The Board of Directors recommends that you vote FOR the ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2024. We believe Ernst & Young LLP has sufficient knowledge and experience to provide our Company with a wide range of accounting services that are on par with the best offered in the industry. PROPOSAL Advisory Vote to Approve the Company's Named Executive Officer Compensation ("Say on Pay") (see pages 82-83) OUR BOARD RECOMMENDS A VOTE FOR THIS PROPOSAL 3 The Board of Directors recommends that you vote FOR this "Say on Pay" advisory proposal because our compe

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