Sealed Air Board Shake-up: New Directors Appointed

Ticker: SEE · Form: 8-K · Filed: 2024-06-17T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, management-transition, governance

Related Tickers: SEE

TL;DR

Sealed Air's board just got a refresh with new directors and a new Chair. Big changes ahead?

AI Summary

Sealed Air Corporation announced on June 13, 2024, the departure of director William J. Burke and the election of new directors, including James M. O'Donnell and Robert J. Loken. The company also appointed O'Donnell as Chair of the Board and Loken as Lead Independent Director. These changes are effective immediately.

Why It Matters

Changes in board composition and leadership can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Board changes can introduce uncertainty about future strategic direction and management stability.

Key Players & Entities

FAQ

Who has departed from the Sealed Air Board of Directors?

William J. Burke has departed from the Sealed Air Board of Directors.

Who has been elected as new directors to the Sealed Air Board?

James M. O'Donnell and Robert J. Loken have been elected as new directors.

What is the effective date of these board changes?

The changes are effective as of June 13, 2024.

Who has been appointed as the new Chair of the Board?

James M. O'Donnell has been appointed as the new Chair of the Board.

What is Robert J. Loken's new role on the board?

Robert J. Loken has been appointed as the Lead Independent Director.

From the Filing

0001140361-24-030237.txt : 20240617 0001140361-24-030237.hdr.sgml : 20240617 20240617060119 ACCESSION NUMBER: 0001140361-24-030237 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240613 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240617 DATE AS OF CHANGE: 20240617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEALED AIR CORP/DE CENTRAL INDEX KEY: 0001012100 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 650654331 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12139 FILM NUMBER: 241046855 BUSINESS ADDRESS: STREET 1: 2415 CASCADE POINTE BOULEVARD CITY: CHARLOTTE STATE: NC ZIP: 28208 BUSINESS PHONE: 980-221-3235 MAIL ADDRESS: STREET 1: 2415 CASCADE POINTE BOULEVARD CITY: CHARLOTTE STATE: NC ZIP: 28208 FORMER COMPANY: FORMER CONFORMED NAME: WR GRACE & CO/DE DATE OF NAME CHANGE: 19961015 FORMER COMPANY: FORMER CONFORMED NAME: GRACE HOLDING INC DATE OF NAME CHANGE: 19960805 8-K 1 ef20031178_8k.htm 8-K false SEALED AIR CORP/DE 0001012100 0001012100 2024-06-13 2024-06-13 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): June 13, 2024 SEALED AIR CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-12139 65-0654331 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 2415 Cascade Pointe Boulevard     Charlotte , North Carolina   28208 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: ( 980 )- 221-3235 Not Applicable (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant 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))   Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, par value $0.10 per share SEE New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities 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.  ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.   On June 13, 2024, Sealed Air Corporation (the “Company”) and Jannick Thomsen, Vice President and Chief People & Digital Officer of the Company, mutually agreed that Mr. Thomsen will be stepping down from his current position as an executive officer,   effective   June 17, 2024 , and continue to serve in an

View on Read The Filing