Silgan Holdings Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Silgan Holdings Inc. has filed its Definitive Proxy Statement (DEF 14A) detailing executive compensation and corporate governance for the fiscal year ending December 31, 2023.</b>

AI Summary

SILGAN HOLDINGS INC (SLGN) filed a Proxy Statement (DEF 14A) with the SEC on April 17, 2024. Silgan Holdings Inc. filed a Definitive Proxy Statement (DEF 14A) on April 17, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 4 Landmark Square, Stamford, CT 06901. The filing includes details on executive compensation and equity awards for 2023. Silgan Holdings Inc. is classified under SIC code 3411 (Metal Cans).

Why It Matters

For investors and stakeholders tracking SILGAN HOLDINGS INC, this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and make informed voting decisions on related proposals. The DEF 14A provides transparency into the company's governance practices, including details on equity awards and pension benefits for key executives.

Risk Assessment

Risk Level: low — SILGAN HOLDINGS INC shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for publicly traded companies and does not contain new financial performance data or significant strategic shifts.

Analyst Insight

Shareholders should review the executive compensation details and any proposed resolutions in the DEF 14A to exercise their voting rights effectively.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-17 — Filing Date (Date of submission)
• 2024-05-28 — Period of Report (Conformed period)
• 3411 — SIC Code (Industry classification)

Key Players & Entities

• SILGAN HOLDINGS INC (company) — Filer
• DEF 14A (document) — Filing type
• 2024-04-17 (date) — Filing date
• 2024-05-28 (date) — Period of report
• 0000849869 (company_id) — Central Index Key
• 3411 (industry_code) — Standard Industrial Classification
• DE (state) — State of incorporation
• CT (state) — State of business address

FAQ

Industry Context

Silgan Holdings Inc. operates in the metal cans manufacturing industry.

Regulatory Implications

The filing is a DEF 14A, a standard SEC filing required for public companies soliciting proxies from shareholders.

What Investors Should Do

1. Review the executive compensation tables for named executive officers.
2. Examine proposals related to the election of directors and advisory votes on executive compensation.
3. Note any changes in corporate governance policies or equity award plans.

Key Dates

• 2024-04-17: Filing of DEF 14A — Indicates the company is providing its annual proxy statement to shareholders.

Year-Over-Year Comparison

This is the initial filing of the DEF 14A for the fiscal year ending December 31, 2023, following the previous year's filing.

Filing Documents

• d671692ddef14a.htm (DEF 14A) — 782KB
• g671692dsp1.jpg (GRAPHIC) — 2KB
• g671692dsp1a.jpg (GRAPHIC) — 1KB
• g671692g00k01.jpg (GRAPHIC) — 45KB
• g671692g09s99.jpg (GRAPHIC) — 41KB
• g671692g11r30.jpg (GRAPHIC) — 43KB
• g671692g14e58.jpg (GRAPHIC) — 5KB
• g671692g66f06.jpg (GRAPHIC) — 6KB
• 0001193125-24-098699.txt (&nbsp;) — 1709KB
• slgn-20231231.xsd (EX-101.SCH) — 4KB
• slgn-20231231_def.xml (EX-101.DEF) — 4KB
• slgn-20231231_lab.xml (EX-101.LAB) — 5KB
• slgn-20231231_pre.xml (EX-101.PRE) — 3KB
• d671692ddef14a_htm.xml (XML) — 96KB

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Silgan Holdings Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 4 Landmark Square Stamford, Connecticut 06901 (203) 975-7110 Notice of Annual Meeting of Stockholders To be Held on May 28, 2024 YOU ARE HEREBY NOTIFIED that the annual meeting of stockholders of Silgan Holdings Inc., or the Company, a Delaware corporation, will be held at the Courtyard by Marriott—Stamford Downtown, 275 Summer Street, Stamford, Connecticut 06901, at 9:00 a.m. on May 28, 2024, for the following purposes: 1. To authorize and approve an amendment to the Amended and Restated Certificate of Incorporation of the Company, as amended, to permit an increase in the size of the Board of Directors of the Company for a period of time; 2. To elect three directors of the Company to serve until the Company's annual meeting of stockholders in 2027 and until their successors are duly elected and qualified or, if the above first item is not approved by the stockholders of the Company, to elect two directors of the Company to serve until the Company's annual meeting of stockholders in 2027 and until their successors are duly elected and qualified; 3. To ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024; 4. To hold an advisory vote to approve the compensation of the Company's named executive officers; and 5. To transact such other business as may properly come before the annual meeting or any adjournment or postponement of the annual meeting. The close of business on April 3, 2024 has been fixed as the record date for determining the stockholders of the Company entitled to notice of and to vote at the annual meeting. All holders of record of Common Stock of the Company at that date are entitled to vote at the annual meeting or any adjournment or postponement of the annual meeting. By Order of the Board of Directors, Frank W. Hogan, III Secretary Stamford, Connecticut April 17, 2024 Please complete, sign and mail the enclosed Proxy in the accompanying envelope even if you intend to be present at the annual meeting. Please sign the enclosed Proxy exactly as your name appears on it. Returning the Proxy will not limit your right to vote in person or to attend the annual meeting. If you hold shares of Common Stock of the Company in more than one name, or if your shares of Common Stock of the Company are registered in more than one way, you may receive more than one copy of the proxy materials. If so, please sign and return each of the Proxies that you receive so that all of your shares of Common Stock of the Company may be voted. The annual meeting will be held to vote on the first four items listed above, tabulate the votes cast in respect of those items and report the results of the vote. No presentations or other business matters are planned for the annual meeting. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDERS MEETING TO BE HELD ON MAY 28, 2024 This Proxy Statement and the Company's Annual Report for 2023 are available at www.silganholdings.com/proxyandannualreport 4 Landmark Square Stamford, Connecticut 06901 (203) 975-7110 PROXY STATEMENT Annual Meeting of Stockholders To be Held on May 28, 2024 To Stockholders of Silgan Holdings Inc.: This Proxy Statement and the accompanying proxy card are furnished in connection with the solicitation of proxies by the Board of Directors of Silgan Holdings Inc., or Silgan Holdings or the Company, for use at our annual meeting of stockholders, or the Meeting, to be held at the Courtyard by Marriott—Stamford Downtown, 275 Summer Street, Stamford, Connecticut 06901, on May 28, 2024, at 9:00 a.m., and at any postponements or adjournments of the Meeting. If you need directions to attend the Meeting and vote in person, you should contact the Company by telephone at (203) 975-7110. This Proxy Statement and the accompanying proxy card will first be mailed to stockholders on or about April 17, 2024. Only holders of record of our Common Stock as of the close of business on April 3, 2024, the Record Date, will be ent