Business Context and Reporting Period
This Form 8-K Current Report was filed by Avery Dennison Corporation on February 27, 2013. The filing addresses corporate governance changes, specifically the appointment of a new director and amendments to the company's bylaws.
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 corporate governance and does not contain financial performance data.
Material Changes
- Board Appointment: The Board of Directors appointed Martha N. Sullivan as a director, effective February 27, 2013.
- Compensation Grant: Ms. Sullivan received 207 restricted stock units (RSUs) and an option to purchase 824 shares of common stock at fair market value. These awards vest ratably over three years, with the option expiring after ten years.
- Bylaw Amendment: The Board adopted Amended and Restated Bylaws to increase the permissible range of directors from eight to 12 to a new range of eight to 13.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document is limited to the announcement of the director appointment and the associated bylaw changes.
Investor Verification Checklist
- Verify the background and qualifications of the newly appointed director, Martha N. Sullivan.
- Review the attached Amended and Restated Bylaws (Exhibit 3.2) to confirm the new director count range.
- Confirm the vesting schedule and terms of the equity compensation granted to the new director.