Avery Dennison Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated August 18, 2026, discloses corporate governance changes for Avery Dennison Corporation. The report details the Board of Directors' succession planning for the Chair position, effective September 1, 2026.
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 events and contains no financial performance data.
Material Changes
The primary material change is the leadership transition on the Board of Directors:
- William Wagner was unanimously elected as independent Board Chair, effective September 1, 2026.
- Mitchell Butier will step down as non-executive Chairman on August 31, 2026, but will remain a non-independent Board member.
- Patrick Siewert will cease serving as Lead Independent Director on August 31, 2026, and will be appointed Chair of the Governance Committee, replacing Mr. Wagner.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or specific risk factors. Management commentary is limited to the rationale for the Board changes, citing "thoughtful long-term Board leadership succession planning" and the time commitments associated with Mr. Wagner's new role.
Key Facts for Investor Verification
- Confirm the effective date of William Wagner's tenure as Board Chair (September 1, 2026).
- Verify the transition of Patrick Siewert from Lead Independent Director to Chair of the Governance Committee.
- Note that Mitchell Butier remains on the Board as a non-independent member through the 2027 Annual Meeting.
- Review the Company's Corporate Governance Guidelines to understand the removal of the Lead Independent Director role.