Sealed Air Corp. Announces 2024 Annual Meeting of Stockholders

Ticker: SEE · Form: DEF 14A · Filed: Apr 11, 2024 · CIK: 1012100

Sealed Air Corp/De DEF 14A Filing Summary
FieldDetail
CompanySealed Air Corp/De (SEE)
Form TypeDEF 14A
Filed DateApr 11, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$0.10, $140, $160 million, $195M
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Leadership Transition, Corporate Governance, Stockholder Engagement

TL;DR

<b>Sealed Air Corporation will hold its 2024 Annual Meeting of Stockholders virtually on May 23, 2024, featuring updates on leadership transition and strategic direction.</b>

AI Summary

SEALED AIR CORP/DE (SEE) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. Annual Meeting of Stockholders to be held virtually on May 23, 2024, at 8:00 a.m. Eastern daylight time. The meeting will be conducted via live audio webcast to ensure broad stockholder attendance and participation. Emile and Dustin were appointed Interim Co-Presidents and Co-CEOs in October 2023. A comprehensive search for a new CEO is underway, with confidence in the current interim leadership. The Board of Directors emphasizes strong corporate governance, ethical standards, and diverse board composition.

Why It Matters

For investors and stakeholders tracking SEALED AIR CORP/DE, this filing contains several important signals. The virtual format aims to maximize stockholder participation and accessibility, reflecting a modern approach to corporate engagement. The ongoing CEO search and confidence in interim leadership signal a period of strategic transition and potential future direction for the company.

Risk Assessment

Risk Level: low — SEALED AIR CORP/DE shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) with no new financial disclosures or significant strategic shifts mentioned, indicating a low level of immediate risk.

Analyst Insight

Stockholders should review the proxy materials for details on voting matters, executive compensation, and the ongoing CEO search process.

Key Numbers

  • May 23, 2024 — Annual Meeting Date (Date of the Annual Meeting of Stockholders)
  • 8:00 a.m. — Meeting Time (Time of the Annual Meeting of Stockholders)
  • 2023 — Fiscal Year End (Company's fiscal year end)
  • October 2023 — Interim CEO Appointment (Date Emile and Dustin were appointed Interim Co-Presidents and Co-CEOs)

Key Players & Entities

  • SEALED AIR CORP/DE (company) — Registrant
  • May 23, 2024 (date) — Annual Meeting date
  • Emile (person) — Interim Co-President and Co-CEO
  • Dustin (person) — Interim Co-President and Co-CEO
  • October 2023 (date) — Appointment of Interim Co-CEOs
  • Henry (person) — Chair of the Board

FAQ

When did SEALED AIR CORP/DE file this DEF 14A?

SEALED AIR CORP/DE filed this Proxy Statement (DEF 14A) with the SEC on April 11, 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 SEALED AIR CORP/DE (SEE).

Where can I read the original DEF 14A filing from SEALED AIR CORP/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 SEALED AIR CORP/DE.

What are the key takeaways from SEALED AIR CORP/DE's DEF 14A?

SEALED AIR CORP/DE filed this DEF 14A on April 11, 2024. Key takeaways: Annual Meeting of Stockholders to be held virtually on May 23, 2024, at 8:00 a.m. Eastern daylight time.. The meeting will be conducted via live audio webcast to ensure broad stockholder attendance and participation.. Emile and Dustin were appointed Interim Co-Presidents and Co-CEOs in October 2023..

Is SEALED AIR CORP/DE a risky investment based on this filing?

Based on this DEF 14A, SEALED AIR CORP/DE presents a relatively low-risk profile. The filing is a routine proxy statement (DEF 14A) with no new financial disclosures or significant strategic shifts mentioned, indicating a low level of immediate risk.

What should investors do after reading SEALED AIR CORP/DE's DEF 14A?

Stockholders should review the proxy materials for details on voting matters, executive compensation, and the ongoing CEO search process. The overall sentiment from this filing is neutral.

How does SEALED AIR CORP/DE compare to its industry peers?

Sealed Air Corporation operates in the packaging and container industry, providing solutions for food, medical, and industrial applications.

Are there regulatory concerns for SEALED AIR CORP/DE?

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, requiring specific disclosures for proxy solicitations.

Risk Factors

  • Leadership Transition [medium — operational]: The company is undergoing a CEO search following the appointment of interim Co-CEOs, which could impact strategic direction and operational continuity.
  • Proxy Statement Compliance [low — regulatory]: The filing must comply with SEC regulations for proxy statements, ensuring accurate and complete disclosure to stockholders.

Industry Context

Sealed Air Corporation operates in the packaging and container industry, providing solutions for food, medical, and industrial applications.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, requiring specific disclosures for proxy solicitations.

What Investors Should Do

  1. Review the proxy statement for details on proposals to be voted on at the Annual Meeting.
  2. Assess the company's governance practices and the rationale behind the CEO search process.
  3. Consider the company's strategic direction as outlined by the Board and interim leadership.

Key Dates

  • 2024-05-23: Annual Meeting of Stockholders — Key date for stockholder voting and company updates.
  • 2023-10-01: Interim Co-CEO Appointment — Marks the beginning of the current leadership structure and CEO search.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a definitive proxy statement. Previous filings would include annual reports (10-K) and other periodic reports that provide financial and operational details.

Filing Stats: 4,304 words · 17 min read · ~14 pages · Grade level 14.8 · Accepted 2024-04-11 09:12:41

Key Financial Figures

  • $0.10 — f record of its common stock, par value $0.10 per share, as of the close of business
  • $140 — 2023 and targets annualized savings of $140 to $160 million by the end of 2025. The
  • $160 million — d targets annualized savings of $140 to $160 million by the end of 2025. The CTO2Grow Progra
  • $195M — GAAP financial measures. ** Excludes $195M payments and deposits related to resolu

Filing Documents

Executive Compensation

Executive Compensation 38 Compensation Discussion and Analysis 38 P&C Committee Report 55 Board Oversight of Compensation Risks 56

Executive Compensation Tables

Executive Compensation Tables 57 CEO Pay Ratio 67 Pay Versus Performance 68 Equity Compensation Plan Information 73 Proposal 2. Amendment of the 2014 Omnibus Incentive Plan 74 Proposal 3. Ratification of Appointment of Independent Auditor for 2024 84 Principal Independent Auditor Fees 85 Audit Committee Pre-Approval Policies and Procedures 85 Report of Audit Committee 86 Proposal 4. Approval of Executive Compensation on Advisory Basis 88 Questions and Answers about the Annual Meeting 89 Vote Required for Election or Approval 94 Stockholder Proposals and Business for 2024 Annual Meeting 96 Delivery of Documents to Security Holders Sharing an Address 97 Other Matters 97 2014 Omnibus Incentive Plan A-1 Reconciliation of GAAP and Non-GAAP Financial Measures B-1 Cautionary Statement Regarding Forward-Looking Statements. Certain statements contained in this Proxy Statement are or may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. We use words such as "anticipate," "believe, "expect," "future," "intend" "strive," "seek," "goal," "may," "will," "continue," "target" and similar expressions to identify forward-looking statements. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements other than purely historical information, including statements regarding our future operation results, plans and strategies and our environmental, social and governance goals, made in this document are forward-looking. Forward-looking statements reflect management's current expectations and are inherently uncertain. Actual outcomes and results may differ materially from those expressed in, or implied by, forward-looking statements due to a variety of factors, including the uncertainties and risks discussed in our 2023 Annual Report on Form 10-K and subsequent Securities and Exchange Commission ("SEC") filings.

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.