AI English summary of an SEC filing — figures as filed
Packaging Corporation of America PKGPackaging Corporation of America said Paul T. Stecko informed the Board of his decision to retire on February 25, 2026 and will not stand for reelection at the 2026 Annual Meeting of Stockholders. Effective at the Annual Meeting, the size of the Board will be reduced from ten to nine directors.
Key points
AI summaryPackaging Corporation of America said Paul T. Stecko informed the Board of his decision to retire on February 25, 2026 and will not stand for reelection at the 2026 Annual Meeting of Stockholders. Effective at the Annual Meeting, the size of the Board will be reduced from ten to nine directors.
The company said Fabian C. Strauss was promoted to Senior Vice President – Finance, Controller & Treasurer on March 1, 2026 and will serve as principal accounting officer. His annual base salary is $455,000.
Packaging Corporation of America said the Subcommittee approved new forms of equity award agreements on February 25, 2026 for TSR performance units, ROIC performance units and RSUs. The new forms include amendments for vesting upon Retirement, pro rata settlement of TSR performance units upon disability during the performance period, and other changes.
The company said it entered into an agreement with Robert Mundy dated March 1, 2026 in connection with his retirement. Pursuant to the agreement, all of Mr. Mundy's 9,928 outstanding shares of restricted stock vest as of the Retirement Date. In addition, Mr. Mundy will continue to vest in his 3,900 outstanding TSR performance units and his 9,928 outstanding ROIC performance units, and all such performance units will vest on the originally scheduled dates.
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.
Paul T. Stecko Retires from Board; Board Size Reduced
Packaging Corporation of America said Paul T. Stecko informed the Board of his decision to retire on February 25, 2026 and will not stand for reelection at the 2026 Annual Meeting of Stockholders. Effective at the Annual Meeting, the size of the Board will be reduced from ten to nine directors.
Source · Based on the filing body and exhibits
Fabian C. Strauss Promoted to Senior Vice President – Finance, Controller & Treasurer
The company said Fabian C. Strauss was promoted to Senior Vice President – Finance, Controller & Treasurer on March 1, 2026 and will serve as principal accounting officer. His annual base salary is $455,000.
Source · Based on the filing body and exhibits
New Forms of Equity Award Agreements Approved
Packaging Corporation of America said the Subcommittee approved new forms of equity award agreements on February 25, 2026 for TSR performance units, ROIC performance units and RSUs. The new forms include amendments for vesting upon Retirement, pro rata settlement of TSR performance units upon disability during the performance period, and other changes.
Source · Based on the filing body and exhibits
Robert Mundy Post-Retirement Agreement Terms
The company said it entered into an agreement with Robert Mundy dated March 1, 2026 in connection with his retirement. Pursuant to the agreement, all of Mr. Mundy's 9,928 outstanding shares of restricted stock vest as of the Retirement Date. In addition, Mr. Mundy will continue to vest in his 3,900 outstanding TSR performance units and his 9,928 outstanding ROIC performance units, and all such performance units will vest on the originally scheduled dates.
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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