Amcor plc filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective September 23. 2025, Amcor plc (the “Company”) adopted an Executive Change in Control Severance Plan (the “CIC Plan”) for covered executives, including the Company’s named executive officers. The CIC Plan provides “double trigger” severance protections to the covered officers in the event of a qualifying termination of employment in connection with a change in control (as defined in the CIC Plan).
Severance benefits at the time of a change in control and a related termination without cause or a resignation for good reason (each as defined in the CIC Plan) would include cash severance equal to a multiple of base salary and target annual bonus (2x for the Company’s Chief Executive Officer and 1x for the Company’s other officer participants), a pro rata bonus for the year in which the termination occurs, accelerated vesting of equity awards and a limited period of post-employment healthcare coverage for U.S. participants.
The foregoing description of the CIC Plan is not complete, is in summary form only and is qualified in its entirety by reference to the full text of the CIC Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Index | |
| Exhibit No. |
Description |
| 10.1 | Amcor plc Executive Change in Control Severance Plan. |
| 104 | Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMCOR PLC | |||
| Date | September 25, 2025 | /s/ Damien Clayton | |
| Name: | Damien Clayton | ||
| Title: | Company Secretary | ||