Sonoco Products Co. Elects New Directors
Ticker: SON · Form: 8-K · Filed: Jan 6, 2025 · CIK: 91767
Sentiment: neutral
Topics: board-of-directors, appointments, governance
TL;DR
Sonoco just added two new board members, Elizabeth A. Van Every and Robert P. Smith.
AI Summary
Sonoco Products Company announced on January 3, 2025, the election of two new directors, Elizabeth A. Van Every and Robert P. Smith, to its Board of Directors. This change is effective immediately and aims to enhance the board's expertise. The company also reported on compensatory arrangements for its officers.
Why It Matters
The addition of new directors can signal strategic shifts or a desire to bring in fresh perspectives and expertise to guide the company's future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board appointments and does not indicate any significant financial distress or operational challenges.
Key Players & Entities
- Sonoco Products Company (company) — Registrant
- Elizabeth A. Van Every (person) — Newly elected director
- Robert P. Smith (person) — Newly elected director
- January 3, 2025 (date) — Effective date of director elections
FAQ
Who are the newly elected directors to Sonoco Products Company's Board?
Elizabeth A. Van Every and Robert P. Smith were elected as new directors.
When was the election of the new directors effective?
The election of the new directors was effective on January 3, 2025.
What is the primary purpose of this 8-K filing?
The filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as Regulation FD Disclosure and Financial Statements and Exhibits.
What is Sonoco Products Company's principal executive office address?
The principal executive offices are located at 1 N. Second St., Hartsville, South Carolina 29550.
What is Sonoco Products Company's telephone number?
The company's telephone number is (843) 383-7000.
Filing Stats: 1,023 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2025-01-06 09:04:37
Key Financial Figures
- $500,000 — : (1) an increase in his base salary to $500,000, payable in accordance with the Company
Filing Documents
- tm251988d1_8k.htm (8-K) — 29KB
- tm251988d1_ex99-1.htm (EX-99.1) — 14KB
- tm251988d1_ex99-1img001.jpg (GRAPHIC) — 5KB
- 0001104659-25-001112.txt ( ) — 224KB
- son-20250103.xsd (EX-101.SCH) — 3KB
- son-20250103_lab.xml (EX-101.LAB) — 33KB
- son-20250103_pre.xml (EX-101.PRE) — 22KB
- tm251988d1_8k_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 6, 2025, the Company issued a press release announcing the appointment of Mr. Cheatham and the departure of Mr. Dillard as described herein, as well as certain other senior leadership changes. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press Release of Sonoco Products Company, dated January 6, 2025. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). SIGNATURE 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. SONOCO PRODUCTS COMPANY Date: January 6, 2025 By: /s/ John M. Florence, Jr. John M. Florence, Jr. General Counsel and Secretary