Sonoco Products Co. Elects New Directors, Announces Officer Compensation
Ticker: SON · Form: 8-K · Filed: Feb 13, 2025 · CIK: 91767
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: SON
TL;DR
Sonoco board shakeup: Agnew out, Van Every & McNeer in. Officer comp details also filed.
AI Summary
Sonoco Products Company announced on February 12, 2025, the departure of director Robert P. Agnew and the election of two new directors, Elizabeth L. Van Every and Charles E. McNeer. The company also reported on compensatory arrangements for its officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while updates on executive compensation are relevant to shareholder interests.
Risk Assessment
Risk Level: low — This filing primarily concerns board changes and executive compensation, which are routine corporate governance matters.
Key Players & Entities
- Sonoco Products Company (company) — Registrant
- Robert P. Agnew (person) — Departing Director
- Elizabeth L. Van Every (person) — Newly Elected Director
- Charles E. McNeer (person) — Newly Elected Director
FAQ
Who has departed from Sonoco Products Company's board of directors?
Robert P. Agnew has departed from the board of directors.
Who have been elected as new directors to Sonoco Products Company's board?
Elizabeth L. Van Every and Charles E. McNeer have been elected as new directors.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is February 12, 2025.
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 are the main items reported in this Form 8-K?
This Form 8-K reports on the departure of directors, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 729 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2025-02-13 16:16:57
Filing Documents
- tm256275d1_8k.htm (8-K) — 28KB
- tm256275d1_ex99-1.htm (EX-99.1) — 10KB
- image_001.jpg (GRAPHIC) — 10KB
- 0001104659-25-012955.txt ( ) — 225KB
- son-20250212.xsd (EX-101.SCH) — 3KB
- son-20250212_lab.xml (EX-101.LAB) — 33KB
- son-20250212_pre.xml (EX-101.PRE) — 22KB
- tm256275d1_8k_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On February 12, 2025, the Company issued a press release announcing the election of Mr. Clark to the Board. 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 February 12, 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: February 13, 2025 By: /s/ John M. Florence, Jr. John M. Florence, Jr. General Counsel and Secretary