SEC Form 8-K filed by Graphic Packaging Holding Company
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| 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). |
| ☐ | 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 |
Effective May 1, 2025, Ms. Maggie Bidlingmaier, Executive Vice President and President, Americas, resigned her position at Graphic Packaging Holding Company (the “Company”). Ms. Bidlingmaier will end her employment with the Company on June 2, 2025.
Also effective on May 1, 2025, Mr. Joseph P. Yost, currently the Executive Vice President and President, International of the Company since January 5, 2022, assumed the position of Executive Vice President and President, Americas. From January 5, 2017 to January 4, 2022, Mr. Yost had previously served as Executive Vice President and President, Americas. Prior to January 5, 2017, Mr. Yost served as Senior Vice President, Global Beverage and Europe from September 1, 2015 to January 4, 2017, and in numerous other management positions with the Company and its subsidiaries and predecessors from 1997 through August 2015. Mr. Yost has no family relationship with any director or executive officer of the Company and has not engaged in any transaction requiring disclosure under Regulation S-K Item 404(a). Given the larger scope and increased responsibilities of his new position, effective May 1, 2025 Mr. Yost received a 5.1% increase in his base salary to $765,000, an increase in his annual cash incentive plan target from 75% to 85% of base salary, and an increase to his long-term equity incentive plan target grant from 185% to 200% of base salary.
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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.
| By: | /s/ Lauren S. Tashma | |||||
| Lauren S. Tashma | ||||||
| Date: May 5, 2025 | Executive Vice President, General Counsel and Secretary |
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