Crown Holdings Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
$CCK
Containers/Packaging
Industrials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): August 28, 2024
(Exact name of Registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation or Organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(215 ) 698-5100
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)
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:
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.
| Title of each class | Trading Symbols | Name of each exchange on which registered | ||||||
Item 8.01 Other Events
On August 30, 2024, Crown Holdings, Inc. (the “Company”) issued a Press Release announcing it has entered into an agreement to purchase a group annuity contract from Massachusetts Mutual Life Insurance Company to fully guarantee benefits covered under the contract for nearly all of the retirees and deferred vested participants in its primary US defined benefit plans. The group annuity contract will cover benefits for approximately 12,000 participants.
The Company expects to contribute approximately $100 million into the plan and record a one-time non-cash charge of approximately $450 million ($380 million after tax) in the third quarter of 2024 as part of the plan settlement.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
The following is furnished as an exhibit to this report.
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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.
| CROWN HOLDINGS, INC. | |||||
| By: | /s/ Christy L. Kalaus | |||||||
| Christy L. Kalaus | ||||||||
| Vice President and Corporate Controller | ||||||||
Dated: August 30, 2024
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