AI English summary of an SEC filing — figures as filed
Amcor AMCRAmcor said Michael Casamento, its Executive Vice President and Chief Financial Officer, will step down from the officer role effective November 10, 2025 and will remain as a special advisor until June 30, 2026. The company said the departure is not the result of any disagreement with the company.
Key points
AI summaryAmcor said Michael Casamento, its Executive Vice President and Chief Financial Officer, will step down from the officer role effective November 10, 2025 and will remain as a special advisor until June 30, 2026. The company said the departure is not the result of any disagreement with the company.
Amcor said it appointed Stephen R. Scherger (age 61) as Executive Vice President and Chief Financial Officer, effective November 10, 2025. The company said Scherger served as Chief Financial Officer of Graphic Packaging from 2015 to 2025.
Amcor said Scherger will receive an annualized base salary of US $1,000,000 and a target opportunity under the MIP of 100% of base salary, and annual LTIP grants with a target grant date fair value of 300% of base salary. The company also said it will provide a one-time sign-on cash bonus of US $500,000 and a special retention grant of restricted stock units valued at US $2,300,000.
Amcor reaffirmed its outlook provided on August 14, 2025. The company said it continues to expect Adjusted EPS of 80-83 cps for fiscal 2026, representing 12-17% constant currency growth, and Free Cash Flow of $1.8 to 1.9 billion. The company also said it expects first-quarter Adjusted EPS to be within the previously announced 18-20 cps range.
Summary
AI-writtenAnalysis 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.
CFO Transition and Michael Casamento's Departure
Amcor said Michael Casamento, its Executive Vice President and Chief Financial Officer, will step down from the officer role effective November 10, 2025 and will remain as a special advisor until June 30, 2026. The company said the departure is not the result of any disagreement with the company.
Source · Based on the filing body and exhibits
Stephen R. Scherger Named Chief Financial Officer
Amcor said it appointed Stephen R. Scherger (age 61) as Executive Vice President and Chief Financial Officer, effective November 10, 2025. The company said Scherger served as Chief Financial Officer of Graphic Packaging from 2015 to 2025.
Source · Based on the filing body and exhibits
Scherger Compensation Terms
Amcor said Scherger will receive an annualized base salary of US $1,000,000 and a target opportunity under the MIP of 100% of base salary, and annual LTIP grants with a target grant date fair value of 300% of base salary. The company also said it will provide a one-time sign-on cash bonus of US $500,000 and a special retention grant of restricted stock units valued at US $2,300,000.
Source · Based on the filing body and exhibits
Reaffirms Fiscal 2026 Outlook
Amcor reaffirmed its outlook provided on August 14, 2025. The company said it continues to expect Adjusted EPS of 80-83 cps for fiscal 2026, representing 12-17% constant currency growth, and Free Cash Flow of $1.8 to 1.9 billion. The company also said it expects first-quarter Adjusted EPS to be within the previously announced 18-20 cps range.
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.
Loading the filing text…