AI English summary of an SEC filing — figures as filed

Amcor said its Board of Directors appointed Peter Konieczny, who had been Interim CEO, as Chief Executive Officer with immediate effect on September 4, 2024. The company said the appointment followed an internal and external search.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Sep 4, 2024Period of report Sep 4, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

Amcor said its Board of Directors appointed Peter Konieczny, who had been Interim CEO, as Chief Executive Officer with immediate effect on September 4, 2024. The company said the appointment followed an internal and external search.
The company said it plans to include Konieczny as a director nominee in the company's 2024 annual general meeting of shareholders, which is expected to be held in November 2024. The Board size increase takes effect just before the meeting. The company's 2024 annual general meeting is the one referenced.
The company said that under the CEO Letter Agreement, Konieczny will continue to receive an annualized base salary of CHF 1,580,190. His target MIP incentive is 120% of base salary, with payouts ranging from 0 to 180% of base salary, and his Long-Term Incentive Plan grants are based on a grant date fair value of 250% of base salary.
The company said that if it terminates Konieczny without cause, or he leaves as a good leaver, while he serves as CEO, he will receive severance pay equal to 12 months of base salary. His restraint period will run for 12 months after termination, during which he will receive monthly payments of 100% of base salary. The company said these payments will not be made if it waives the restrictive covenants.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Peter Konieczny Appointed Chief Executive Officer

Amcor said its Board of Directors appointed Peter Konieczny, who had been Interim CEO, as Chief Executive Officer with immediate effect on September 4, 2024. The company said the appointment followed an internal and external search.

Source · Based on the filing body and exhibits

Director Nomination and Board Size Increase

The company said it plans to include Konieczny as a director nominee in the company's 2024 annual general meeting of shareholders, which is expected to be held in November 2024. The Board size increase takes effect just before the meeting. The company's 2024 annual general meeting is the one referenced.

Source · Based on the filing body and exhibits

Compensation Terms Under CEO Letter Agreement

The company said that under the CEO Letter Agreement, Konieczny will continue to receive an annualized base salary of CHF 1,580,190. His target MIP incentive is 120% of base salary, with payouts ranging from 0 to 180% of base salary, and his Long-Term Incentive Plan grants are based on a grant date fair value of 250% of base salary.

Source · Based on the filing body and exhibits

Severance and Restrictive Covenants on Termination Without Cause

The company said that if it terminates Konieczny without cause, or he leaves as a good leaver, while he serves as CEO, he will receive severance pay equal to 12 months of base salary. His restraint period will run for 12 months after termination, during which he will receive monthly payments of 100% of base salary. The company said these payments will not be made if it waives the restrictive covenants.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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