Reynolds Consumer Products Inc. Director Changes
Ticker: REYN · Form: 8-K · Filed: Sep 23, 2024 · CIK: 1786431
| Field | Detail |
|---|---|
| Company | Reynolds Consumer Products Inc. (REYN) |
| Form Type | 8-K |
| Filed Date | Sep 23, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $27,397, $13,699, $2,740, $122,547 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, director-election, director-resignation
TL;DR
Reynolds Consumer Products board sees a director exit and two new members join.
AI Summary
Reynolds Consumer Products Inc. announced on September 23, 2024, that effective September 18, 2024, Michael J. Graham resigned from his position as a director. The company also announced the election of two new directors, Robert J. Loken and David J. Schanzer, to its Board of Directors.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine changes in board membership, which typically carries low immediate risk.
Key Players & Entities
- Reynolds Consumer Products Inc. (company) — Registrant
- Michael J. Graham (person) — Resigned Director
- Robert J. Loken (person) — Elected Director
- David J. Schanzer (person) — Elected Director
- September 18, 2024 (date) — Effective date of resignation
- September 23, 2024 (date) — Date of report
FAQ
Who resigned from the board of directors at Reynolds Consumer Products Inc.?
Michael J. Graham resigned from the board of directors.
When was Michael J. Graham's resignation effective?
Michael J. Graham's resignation was effective September 18, 2024.
Who were the new directors elected to the board?
Robert J. Loken and David J. Schanzer were elected as new directors.
What is the exact name of the company filing this report?
The exact name of the company is Reynolds Consumer Products Inc.
On what date was this 8-K filing submitted?
This 8-K filing was submitted on September 23, 2024.
Filing Stats: 1,109 words · 4 min read · ~4 pages · Grade level 10.5 · Accepted 2024-09-23 17:00:29
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 Par Value REYN The Nasdaq Stock Mar
- $27,397 — emainder of 2024 will consist of: (i) a $27,397 cash retainer (prorated for the period
- $13,699 — 2024) for serving on the Board, (ii) a $13,699 cash retainer (prorated for the period
- $2,740 — g as Chairman of the Board, and (iii) a $2,740 cash retainer prorated for the period f
- $122,547 — ich RSUs had a grant date fair value of $122,547 (which represents the $145,000 value of
- $145,000 — value of $122,547 (which represents the $145,000 value of the annual grant of RSUs to th
- $65,000 — mpany's non-employee directors plus the $65,000 value of the annual grant of RSUs to th
Filing Documents
- d862248d8k.htm (8-K) — 29KB
- 0001193125-24-223772.txt ( ) — 146KB
- reyn-20240918.xsd (EX-101.SCH) — 3KB
- reyn-20240918_lab.xml (EX-101.LAB) — 17KB
- reyn-20240918_pre.xml (EX-101.PRE) — 11KB
- d862248d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 23, 2024 REYNOLDS CONSUMER PRODUCTS INC. By: /s/ David Watson David Watson General Counsel and Secretary