AI English summary of an SEC filing — figures as filed
Avery Dennison AVYThe company said Senior Vice President and Chief Financial Officer Gregory S. Lovins will resume serving as principal financial officer effective April 1, 2025, following a previously disclosed medical leave of absence that began on November 14, 2024.
Key points
AI summaryThe company said Senior Vice President and Chief Financial Officer Gregory S. Lovins will resume serving as principal financial officer effective April 1, 2025, following a previously disclosed medical leave of absence that began on November 14, 2024.
Danny G. Allouche will cease serving as Interim Chief Financial Officer and principal financial officer on March 31, 2025, the company said. He will continue as Senior Vice President and Chief Strategy and Corporate Development Officer.
The company said that in its annual executive compensation review in February 2025, the Talent and Compensation Committee approved a base salary of $838,500 for Lovins. His existing target Annual Incentive Plan opportunity (75% of base salary) and target long-term incentive opportunity (250% of base salary) were unchanged.
The company said Lovins will continue to receive an annual executive benefit allowance of $65,000 and is eligible to participate in the savings (401(k)), deferred compensation, executive severance and key employee change of control severance plans. It said these are described in the 2025 proxy statement filed on March 7, 2025.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Gregory S. Lovins to resume principal financial officer role effective April 1
The company said Senior Vice President and Chief Financial Officer Gregory S. Lovins will resume serving as principal financial officer effective April 1, 2025, following a previously disclosed medical leave of absence that began on November 14, 2024.
Source · Based on the filing body and exhibits
Danny G. Allouche ends Interim CFO role effective March 31
Danny G. Allouche will cease serving as Interim Chief Financial Officer and principal financial officer on March 31, 2025, the company said. He will continue as Senior Vice President and Chief Strategy and Corporate Development Officer.
Source · Based on the filing body and exhibits
Lovins base salary set at $838,500; annual and long-term incentive targets unchanged
The company said that in its annual executive compensation review in February 2025, the Talent and Compensation Committee approved a base salary of $838,500 for Lovins. His existing target Annual Incentive Plan opportunity (75% of base salary) and target long-term incentive opportunity (250% of base salary) were unchanged.
Source · Based on the filing body and exhibits
Lovins annual executive benefit allowance of $65,000 and applicable compensation plans
The company said Lovins will continue to receive an annual executive benefit allowance of $65,000 and is eligible to participate in the savings (401(k)), deferred compensation, executive severance and key employee change of control severance plans. It said these are described in the 2025 proxy statement filed on March 7, 2025.
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.
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