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
January 31, 2017
Date of Report
AVERY DENNISON CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware |
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1 -7685 |
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95-1492269 |
(State or Other Jurisdiction |
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(Commission |
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(IRS Employer |
of Incorporation) |
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File Number) |
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Identification No.) |
207 Goode Avenue |
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91203 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code (626) 304-2000
(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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 5 Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On January 31, 2017, upon the recommendation of its Governance and Social Responsibility Committee, the Board of Directors (the Board) of Avery Dennison Corporation, a Delaware corporation (the Company), appointed Andres A. Lopez to the Board, effective February 1, 2017. Mr. Lopez has not yet been appointed to serve on any committees of the Board.
In connection with his appointment and in accordance with the Companys equity compensation program for non-employee directors, on February 1, 2017, Mr. Lopez received a prorated equity award consisting of 445 restricted stock units (RSUs), which will vest ratably over three years. In addition, Mr. Lopez will be eligible to participate in the Companys other non-employee director compensation programs as described in the Companys proxy statement filed with the Securities and Exchange Commission on March 8, 2016.
A copy of the press release announcing Mr. Lopezs appointment to the Board is attached as Exhibit 99.1 hereto and incorporated herein by reference.
Section 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 |
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Press Release, dated February 2, 2017, announcing appointment of Andres A. Lopez to the Board of Directors of Avery Dennison Corporation. |
SIGNATURES
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.
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AVERY DENNISON CORPORATION | ||
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Date: February 3, 2017 |
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By: |
/s/ Mitchell R. Butier | |
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Name: |
Mitchell R. Butier |
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Title: |
President and Chief Executive Officer |
EXHIBIT INDEX
Exhibit |
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Description |
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99.1 |
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Press Release, dated February 2, 2017, announcing appointment of Andres A. Lopez to the Board of Directors of Avery Dennison Corporation. |
Exhibit 99.1
PRESS RELEASE | |
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For Immediate Release
ANDRES A. LOPEZ APPOINTED TO
AVERY DENNISON BOARD OF DIRECTORS
GLENDALE, CA February 2, 2017 Avery Dennison Corporation (NYSE:AVY) today announced that its board of directors has appointed Andres A. Lopez a director, effective February 1, 2017.
Lopez, 54, is the president, chief executive officer and executive director of Owens-Illinois, Inc. (NYSE: OI), the worlds largest glass container manufacturer with $6 billion in revenues and preferred supplier to many food and beverage brands.
Were extremely pleased to welcome Andres to our board, said Peter K. Barker, Chair of the Governance and Social Responsibility Committee of the Board of Directors, Avery Dennison. He brings more than 30 years experience in the global markets for food, beverage and pharmaceutical packaging.
Andres is a leader with a proven track record at Owens-Illinois, and deep global expertise and understanding of customer needs in the packaging industry, added Dean Scarborough, Executive Chairman of the Board, Avery Dennison. That knowledge will be invaluable to Avery Dennison as we continue to develop innovative and sustainable solutions for our customers.
A native of Colombia, Lopez began his career with Owens-Illinois as a manufacturing engineer. He joined the companys executive leadership team in 2004, advancing through a series of financial and operational roles. In 2015, Lopez became president and chief operating officer of the company and, in 2016, he was named president and CEO.
Lopez holds a Bachelor of Science degree in Production Engineering from Colombias Universidad EAFIT and completed the Executive Education Program at Stanford University.
PRESS RELEASE | |
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About Avery Dennison
Avery Dennison (NYSE: AVY) is a global leader in pressure-sensitive and functional materials and labeling solutions for the retail apparel market. The companys applications and technologies are an integral part of products used in every major industry. With operations in more than 50 countries and more than 25,000 employees worldwide, Avery Dennison serves customers in the consumer packaging, graphical display, logistics, apparel, industrial and healthcare industries. Headquartered in Glendale, California, the company reported sales of $6.1 billion in 2016. Learn more at www.averydennison.com.
Avery Dennison Media Contact
Rob Six (626) 304-2361
rob.six@averydennison.com
Avery Dennison Investor Relations
Garrett Gabel (626) 304-2399
garrett.gabel@averydennison.com