Business Context and Reporting Period
This Form 8-K Current Report was filed by Avery Dennison Corporation on October 27, 2022. The filing addresses corporate governance changes, specifically the appointment of a new member to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and governance matters rather than financial performance.
Material Changes
The primary material change reported is the appointment of William R. Wagner to the Board of Directors, effective October 27, 2022. This appointment was made upon the recommendation of the Governance Committee.
Guidance, Outlook, and Management Commentary
There is no financial guidance, outlook, or management commentary regarding business operations in this filing. The document details the compensatory arrangements for the new director:
- Mr. Wagner received a prorated equity award of 510 restricted stock units (RSUs).
- The RSUs will vest in full on the first anniversary of the grant date.
- Mr. Wagner is eligible to participate in the Company's non-employee director compensation program.
- He has not yet been appointed to any Board committees.
Important Facts for Investor Verification
- William R. Wagner was appointed to the Board of Directors on October 27, 2022.
- The appointment included an immediate grant of 510 RSUs.
- A press release regarding this appointment is attached as Exhibit 99.1.
- No financial data or operational risks are disclosed in this specific filing.