Ranpak Holdings Corp. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Ranpak Holdings Corp. invites stockholders to its virtual 2024 Annual Meeting on May 23, 2024, highlighting strong 2023 performance and future momentum.</b>

AI Summary

Ranpak Holdings Corp. (PACK) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. Ranpak Holdings Corp. will hold its 2024 Annual Meeting of Stockholders virtually on May 23, 2024, at 10:00 a.m. Eastern time. The meeting will be accessible via live webcast at www.virtualshareholdermeeting.com/PACK2024. The company is nearing the end of its real estate and infrastructure investment cycle and is focusing on optimizing these investments. Strategic PPS accounts and key wins in the Automation business are driving strong momentum for the current year and beyond. Ranpak Holdings Corp. will soon release its 2023 Sustainability and Impact Report, highlighting its commitment to sustainability.

Why It Matters

For investors and stakeholders tracking Ranpak Holdings Corp., this filing contains several important signals. The virtual format of the annual meeting allows for broader participation from stockholders regardless of their location. The company's focus on optimizing investments and strategic wins signals a commitment to efficient growth and market leadership.

Risk Assessment

Risk Level: low — Ranpak Holdings Corp. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) with no new material financial or operational disclosures, indicating low immediate risk.

Analyst Insight

Stockholders should review the proxy materials and vote their shares to ensure representation at the upcoming annual meeting.

Key Numbers

• 2024 — Annual Meeting Year (Ranpak Holdings Corp. 2024 Annual Meeting of Stockholders.)
• May 23 — Meeting Date (The 2024 Annual Meeting of Stockholders will be held on May 23, 2024.)
• 10:00 a.m. Eastern time — Meeting Time (The virtual meeting will commence at 10:00 a.m. Eastern time.)
• 2023 — Reporting Year (The company highlights accomplishments in 2023 and will release its 2023 Sustainability and Impact Report.)

Key Players & Entities

• Ranpak Holdings Corp. (company) — Registrant and filer of the proxy statement.
• Omar Asali (person) — Chairman of the Board of Directors and Chief Executive Officer of Ranpak Holdings Corp.
• May 23, 2024 (date) — Date of the 2024 Annual Meeting of Stockholders.
• March 28, 2024 (date) — Record date for stockholders eligible to receive notice of the annual meeting.
• April 11, 2024 (date) — Date the Notice of Internet Availability is expected to be mailed.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
• Virtual Meeting Execution [low — operational]: Ensuring a smooth and accessible virtual meeting experience for all stockholders is critical for effective communication.
• Stockholder Voting and Participation [low — financial]: Adequate stockholder participation and voting are essential for the company to conduct its business and pass necessary resolutions.

Key Dates

• 2024-05-23: 2024 Annual Meeting of Stockholders — Key date for stockholder engagement and voting on corporate matters.
• 2024-04-11: Filing Date of Definitive Proxy Statement — Indicates the public availability of proxy materials for the upcoming meeting.
• 2024-03-28: Record Date — Determines which stockholders are eligible to vote at the annual meeting.

Filing Documents

• ny20018485x1_def14a.htm (DEF 14A) — 1114KB
• logo_ranpak.jpg (GRAPHIC) — 14KB
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• ny20018485x1_diversity.jpg (GRAPHIC) — 126KB
• ny20018485x1_elaurensse.jpg (GRAPHIC) — 31KB
• ny20018485x1_gps.jpg (GRAPHIC) — 12KB
• ny20018485x1_kzumwalt.jpg (GRAPHIC) — 28KB
• ny20018485x1_mgliedman.jpg (GRAPHIC) — 30KB
• ny20018485x1_mjones.jpg (GRAPHIC) — 32KB
• ny20018485x1_msiebert.jpg (GRAPHIC) — 27KB
• ny20018485x1_oasali.jpg (GRAPHIC) — 29KB
• ny20018485x1_pel.jpg (GRAPHIC) — 29KB
• ny20018485x1_rking.jpg (GRAPHIC) — 31KB
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• sig_ahorvath.jpg (GRAPHIC) — 11KB
• sig_asali.jpg (GRAPHIC) — 7KB
• ny20018485x1_pc01.jpg (GRAPHIC) — 692KB
• ny20018485x1_pc02.jpg (GRAPHIC) — 459KB
• ny20018485x999_crossx2.jpg (GRAPHIC) — 4KB
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• ny20018485x1_compchartx4.jpg (GRAPHIC) — 172KB
• ny20018485x1_pvpchart1x4.jpg (GRAPHIC) — 194KB
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• ny20018485x1_pvpchart3x4.jpg (GRAPHIC) — 190KB
• ny20018485x1_pvpchart4x4.jpg (GRAPHIC) — 165KB
• 0001140361-24-019329.txt (&nbsp;) — 8919KB
• pack-20240523.xsd (EX-101.SCH) — 6KB
• pack-20240523_def.xml (EX-101.DEF) — 6KB
• pack-20240523_lab.xml (EX-101.LAB) — 12KB
• pack-20240523_pre.xml (EX-101.PRE) — 5KB
• ny20018485x1_def14a_htm.xml (XML) — 324KB

Executive Compensation

Executive Compensation 20 Compensation Discussion and Analysis 20 Report of the Compensation Committee of the Board of Directors 30

Executive Compensation Tables

Executive Compensation Tables 2023 Summary Compensation Table 31 Grants of Plan-Based Awards 32 Outstanding Equity Awards at Fiscal Year-End 33 Option Exercises and Stock Vested 34 Potential Payments Upon Termination or Change in Control 34 Pay Versus Performance 36 Director Compensation Table 41 Executive Officers 42 Certain Relationships and Related Person Transactions 44

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 45 Delinquent Section 16(a) Reports 47 Information About the Proxy Process and Voting 48 Additional Information 52 TABLE OF CONTENTS RANPAK HOLDINGS CORP. 7990 AUBURN ROAD CONCORD TOWNSHIP, OH 44077 PROXY STATEMENT For the 2024 Annual Meeting of Stockholders May 23, 2024 We have made available our proxy materials because the Board of Directors (the "Board") of Ranpak Holdings Corp. (referred to herein as the "Company," "Ranpak," "we," "us" or "our") is soliciting your proxy to vote at our 2024 Annual Meeting of Stockholders (the "Annual Meeting") to be held on May 23, 2024, at 10:00 a.m. Eastern time, at www.virtualshareholdermeeting.com/PACK2024 . This Proxy Statement summarizes information about the proposals to be considered at the Annual Meeting and other information you may find useful in determining how to vote. The Proxy Card is the means by which you actually authorize another person to vote your shares in accordance with your instructions. In addition to solicitations by mail, our directors, officers and employees, without additional remuneration, may solicit proxies by telephone, e-mail and personal interviews. All costs of solicitation of proxies will be borne by us. Brokers, custodians and fiduciaries will be requested to forward proxy soliciting material to the owners of stock held in their names, and we will reimburse them for their reasonable out-of-pocket expenses incurred in connection with the distribution of proxy materials. Pursuant to the rules adopted by the Securities and Exchange Commission (the "SEC"), we have elected to provide access to our Annual Meeting materials, which include this Proxy Statement and our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, over the internet in lieu of mailing printed copies. We will begin mailing the Notice of Internet Availability to our stockholders of record as of March 28, 2024 (the "Record Da

View Full Filing

View this DEF 14A filing on SEC EDGAR