PCA Announces Executive Compensation and Director Changes
Ticker: PKG · Form: 8-K · Filed: May 9, 2024 · CIK: 75677
| Field | Detail |
|---|---|
| Company | Packaging Corp Of America (PKG) |
| Form Type | 8-K |
| Filed Date | May 9, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, corporate-governance, board-of-directors
Related Tickers: PKG
TL;DR
PCA shakes up exec pay and board, Kowlzan's new deal is in.
AI Summary
Packaging Corporation of America announced on May 8, 2024, changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its President and CEO, Mark Kowlzan, effective May 8, 2024. The filing also details the election of new directors and the appointment of certain officers, alongside information regarding compensatory arrangements for these key individuals.
Why It Matters
This filing provides insight into the compensation structure and leadership changes at Packaging Corporation of America, which can influence investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters such as executive compensation and director appointments, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Packaging Corporation of America (company) — Registrant
- Mark Kowlzan (person) — President and CEO
- May 8, 2024 (date) — Effective date of employment agreement
FAQ
What is the effective date of the new employment agreement for Mark Kowlzan?
The new employment agreement for Mark Kowlzan is effective May 8, 2024.
What are the main items reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the principal executive office address for Packaging Corporation of America?
The principal executive office address is 1 N. Field Court, Lake Forest, Illinois 60045.
What is the SIC code for Packaging Corporation of America?
The Standard Industrial Classification (SIC) code for Packaging Corporation of America is 2650, which corresponds to PAPERBOARD CONTAINERS & BOXES.
What is the Commission File Number for Packaging Corporation of America?
The Commission File Number for Packaging Corporation of America is 001-15399.
Filing Stats: 733 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-05-09 11:20:06
Filing Documents
- d803564d8k.htm (8-K) — 33KB
- 0001193125-24-134991.txt ( ) — 149KB
- pkg-20240508.xsd (EX-101.SCH) — 3KB
- pkg-20240508_lab.xml (EX-101.LAB) — 17KB
- pkg-20240508_pre.xml (EX-101.PRE) — 11KB
- d803564d8k_htm.xml (XML) — 3KB
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. PACKAGING CORPORATION OF AMERICA By: /s/ Kent A. Pflederer Senior Vice President, General Counsel & Secretary Date: May 9, 2024