Business Context and Reporting Period
This Form 8-K Current Report was filed by Avery Dennison Corporation on May 31, 2024. The filing primarily addresses corporate governance changes, specifically the appointment of a new director and committee assignments effective June 1, 2024.
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 data.
Material Changes
The material change reported is the appointment of Ward Dickson to the Board of Directors, effective June 1, 2024. Concurrent with this appointment, Mr. Dickson was named:
- Chair of the Audit Committee.
- Member of the Finance Committee.
Compensation and Governance Details
In connection with his appointment, Mr. Dickson received an equity award on June 3, 2024, consisting of 753 restricted stock units (RSUs). These RSUs are prorated for the remaining months of the term ending at the 2025 Annual Meeting of Stockholders and will vest in full on the first anniversary of the grant date. He is also eligible to participate in the standard non-employee director compensation program.
Key Facts for Investor Verification
- Verify the effective date of Ward Dickson's board appointment (June 1, 2024).
- Confirm the specific committee roles assigned to the new director (Audit Committee Chair, Finance Committee Member).
- Review the vesting schedule of the 753 RSUs granted to Mr. Dickson.
- Note that this filing contains no financial results or guidance updates.