UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2024
SEALED AIR CORPORATION
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: (980 )-221-3235
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On October 1, 2024, the Board of Directors (the “Board”) of Sealed Air Corporation (the “Company”) elected Anthony J. Allott as a director effective immediately. At the time of this report, the Board has not determined Mr. Allott’s Board committee assignments.
Mr. Allott will receive compensation under the Company’s standard compensatory and other arrangements for non-employee directors as previously disclosed. The Board has determined that Mr. Allott is independent under the Company’s Standards for Director Independence and the New York Stock Exchange listing standards. Mr. Allott is not a party to any transactions described in Item 404(a) of Regulation S-K involving the Company or any of its subsidiaries.
Item 7.01 Regulation FD Disclosure.
On October 1, 2024, the Company issued a press release announcing Mr. Allott’s election to the Board. The press release, furnished as Exhibit 99.1 to this report, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and embedded within document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| SEALED AIR CORPORATION | ||||||||
| By: | /s/ Angel S. Willis | |||||||
| Name: | Angel S. Willis | |||||||
| Title: | Vice President, General Counsel and Secretary | |||||||
| (Duly Authorized Officer) | ||||||||
| Date: October 1, 2024 | ||||||||
Exhibit 99.1
Sealed Air Appoints Anthony Allott to Board of Directors
CHARLOTTE, N.C., October 1, 2024 – Sealed Air Corporation (NYSE: SEE) today announced the appointment of Anthony (Tony) Allott to its Board of Directors.
Tony is an experienced senior executive in the packaging sector. For 16 years, Tony was Chief Executive Officer and President of Silgan Holdings Inc., a publicly traded global manufacturer of sustainable rigid packaging for consumer goods products, where he continues to serve as Chairperson of the Silgan board in a non-executive capacity. Tony joined Silgan in 2002 as Executive Vice President and Chief Financial Officer.
Prior to Silgan, Tony served for six years as Senior Vice President and Chief Financial Officer of Applied Extrusion Technologies, Inc., a manufacturer of flexible packaging, joining the company as they completed an acquisition quintupling its size. He started his career as a Certified Public Accountant with Deloitte.
Tony earned his Bachelor of Science in business administration from Boston University. He is also a co-founder and partner of Waypoint Investors, LLC, where he serves in a director capacity for invested private companies.
“Tony brings extensive packaging sector experience with a track record of creating shareholder value to Sealed Air’s Board. We look forward to leveraging his experience in managing packaging businesses with diversified portfolios to help accelerate our transformation,” said Henry Keizer, Sealed Air’s Board Chairman.
“I am honored to join the Sealed Air Board at a pivotal time in the company’s journey and look forward to partnering with the leadership team and the Board to help the company achieve long-term profitable growth,” said Mr. Allott.
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About Sealed Air
Sealed Air Corporation (NYSE: SEE), is a leading global provider of packaging solutions that integrate sustainable, high-performance materials, automation, equipment and services. Sealed Air designs, manufactures and delivers packaging solutions that preserve food, protect goods and automate packaging processes. We deliver our packaging solutions to an array of end markets including fresh proteins, foods, fluids and liquids, medical and life science, e-commerce retail, logistics and omnichannel fulfillment operations, and industrials. Our globally recognized solution brands include CRYOVAC® brand food packaging, LIQUIBOX® brand liquids systems, SEALED AIR® brand protective packaging, AUTOBAG® brand automated packaging systems, and BUBBLE WRAP® brand packaging. In 2023, Sealed Air generated $5.5 billion in sales and has approximately 17,000 employees who serve customers in 115 countries/territories.
www.sealedair.com
Website Information
We routinely post important information for investors on our website, sealedair.com, in the Investors section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
Company Contacts
Investors
Brian Sullivan
brian.c.sullivan@sealedair.com
704.503.8841
Louise Lagache
louise.lagache@sealedair.com
Media
Amanda Hoggarth
amanda.hoggarth@sealedair.com