Business Context and Reporting Period
This Form 8-K was filed by Avery Dennison Corporation on October 29, 2012. The report addresses corporate governance changes under Item 5.02, specifically regarding the departure of a Named Executive Officer.
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 organizational restructuring.
Material Changes
- Organizational Realignment: The Company determined to realign component businesses within its Other Specialty Converting segment, effective January 1, 2013.
- Executive Departure: The position of Timothy S. Clyde, President of Specialty Materials and New Growth Platforms, was eliminated as a result of the realignment.
- Transition Plan: Mr. Clyde will provide transition support through March 31, 2013, before departing the Company.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or specific risk factors beyond the operational changes described. The primary contingency noted is the transition period ending March 31, 2013.
Key Facts for Investor Verification
- Confirm the effective date of the business realignment (January 1, 2013).
- Verify the final departure date of Timothy S. Clyde (March 31, 2013).
- Review subsequent filings for details on the new leadership structure for Specialty Materials and New Growth Platforms.