PCA Reports Executive Changes & Compensation Arrangements

TL;DR

**PCA just filed an 8-K hinting at executive changes and new compensation deals, keep an eye out for details!**

AI Summary

Packaging Corporation of America (PCA) filed an 8-K on February 29, 2024, reporting an event that occurred on February 28, 2024. The filing addresses Item 5.02, "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers," and Item 7.01, "Regulation FD Disclosure," along with Item 9.01, "Financial Statements and Exhibits." This indicates potential changes in executive compensation or leadership, though specific details are not provided in the summary text.

Why It Matters

Changes in executive leadership or compensation can signal strategic shifts or financial health, directly impacting investor confidence and the company's future direction.

Risk Assessment

Risk Level: medium — The filing indicates potential changes in leadership or compensation, which can introduce uncertainty until specific details are disclosed.

Key Players & Entities

• PACKAGING CORP OF AMERICA (company) — Filer of the 8-K
• February 28, 2024 (date) — Date of earliest event reported
• February 29, 2024 (date) — Filing date of the 8-K
• Delaware (company) — State of incorporation for Packaging Corporation of America
• 1-15399 (company) — Commission File Number for Packaging Corporation of America

FAQ

From the Filing

0001193125-24-051760.txt : 20240229 0001193125-24-051760.hdr.sgml : 20240229 20240229070103 ACCESSION NUMBER: 0001193125-24-051760 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 31 CONFORMED PERIOD OF REPORT: 20240228 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACKAGING CORP OF AMERICA CENTRAL INDEX KEY: 0000075677 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 364277050 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15399 FILM NUMBER: 24698788 BUSINESS ADDRESS: STREET 1: 1955 W FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 8474823000 MAIL ADDRESS: STREET 1: 1955 W FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 8-K 1 d757304d8k.htm 8-K 8-K PACKAGING CORP OF AMERICA false 0000075677 0000075677 2024-02-28 2024-02-28     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 28, 2024     Packaging Corporation of America (Exact name of registrant as specified in its charter)       Delaware   1-15399   36-4277050 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 1 N. Field Ct , Lake Forest IL 60045 (Address of Principal Executive Offices, including Zip Code) (847) 482-3000 (Registrant’s Telephone Number, Including Area Code)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2 (b))   ☐ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Securities registered pursuant to Section 12(b) of the Exchange Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock   PKG   New York Stock Exchange       Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On February 28, 2024, Pamela A. Barnes, Packaging Corporation of America’s (“PCA”) Senior Vice President, Finance, and Controller, and PCA’s principal accounting officer, notified PCA that she will retire on April 1, 2024. Effective upon her retirement, Robert P. Mundy, PCA’s Executive Vice President and Chief Financial Officer will serve as PCA’s principal accounting officer and will continue to serve as PCA’s principal financial offi