Graphic Packaging Terminates Material Definitive Agreement

Ticker: GPK · Form: 8-K · Filed: 2024-09-30T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, material-event

TL;DR

Graphic Packaging terminated a big deal. Watch for impacts.

AI Summary

Graphic Packaging Holding Company announced on September 26, 2024, the termination of a material definitive agreement. The company, incorporated in Delaware, is involved in the paperboard containers and boxes industry.

Why It Matters

The termination of a material definitive agreement can signal a significant shift in the company's strategic partnerships or planned transactions, potentially impacting future operations and financial performance.

Risk Assessment

Risk Level: medium — Termination of a material definitive agreement can introduce uncertainty and potential financial repercussions, warranting a medium risk assessment.

Key Players & Entities

FAQ

What was the nature of the material definitive agreement that was terminated?

The filing does not specify the nature of the material definitive agreement that was terminated, only that it occurred on September 26, 2024.

What are the potential financial implications of this termination for Graphic Packaging Holding Company?

The filing does not detail the specific financial implications of the termination.

Was this termination a mutual decision, or was it initiated by one party?

The filing does not provide information on whether the termination was mutual or initiated by one party.

Are there any penalties or break-up fees associated with this termination?

The filing does not mention any penalties or break-up fees related to the termination.

Does this termination affect any ongoing business operations or future strategic plans of Graphic Packaging Holding Company?

While the filing indicates a material definitive agreement was terminated, it does not specify the impact on ongoing operations or future strategic plans.

From the Filing

0001193125-24-228991.txt : 20240930 0001193125-24-228991.hdr.sgml : 20240930 20240930160229 ACCESSION NUMBER: 0001193125-24-228991 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240926 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240930 DATE AS OF CHANGE: 20240930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRAPHIC PACKAGING HOLDING CO CENTRAL INDEX KEY: 0001408075 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 260405422 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33988 FILM NUMBER: 241339522 BUSINESS ADDRESS: STREET 1: 1500 RIVEREDGE PARKWAY STREET 2: SUITE100 CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: (770) 240-7200 MAIL ADDRESS: STREET 1: 1500 RIVEREDGE PARKWAY STREET 2: SUITE100 CITY: ATLANTA STATE: GA ZIP: 30328 FORMER COMPANY: FORMER CONFORMED NAME: New Giant CORP DATE OF NAME CHANGE: 20070726 8-K 1 d894959d8k.htm 8-K 8-K GRAPHIC PACKAGING HOLDING CO false 0001408075 0001408075 2024-09-26 2024-09-26     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):  September 26, 2024     GRAPHIC PACKAGING HOLDING COMPANY (Exact name of Registrant as specified in its charter)       Delaware   001-33988   26-0405422 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 1500 Riveredge Parkway Atlanta , Georgia 30328 (Address of principal executive offices, including zip code) (770) 240-7200 (Registrant’s telephone number, including area code) 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, $.01 par value per share   GPK   New York Stock Exchange 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. ☐       Item 1.02. Termination of a Material Definitive Agreement. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On September 26, 2024, Stephen R. Scherger, Executive Vice President and Chief Financial Officer of Graphic Packaging Holding Company and Graphic Packaging International, LLC (collectively, the “Company”), voluntarily terminated his Amended and Restated Employment Agreeme

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