AptarGroup,Inc. (NYSE:ATR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

AptarGroup,Inc. (NYSE:ATR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February8, 2018, the Management Development and Compensation Committee of the Board of Directors (the “Committee”) of AptarGroup,Inc. (the “Company”) adopted the Company’s 2018 Performance Incentive Plan. The 2018 Performance Incentive Plan replaced the Company’s prior Performance Incentive Plan, which terminated to its terms on January1, 2018. The 2018 Performance Incentive Plan is based on the Company’s prior Performance Incentive Plan, with updates to eliminate references related to the performance-based compensation exemption under Section162(m)of the Internal Revenue Code of 1986, as amended, and to reflect certain other administrative changes.

The following paragraphs provide a summary of certain terms of the 2018 Performance Incentive Plan. The summary is qualified in its entirety by the full text of the 2018 Performance Incentive Plan, which is filed as Exhibit10.1 to this Current Report on Form8-K and is incorporated herein by reference.

Under the 2018 Performance Incentive Plan, officers and employees of the Company and its subsidiaries will be eligible to receive awards based on the attainment of specific performance goals established by the Committee for a specified period, and other terms and conditions that may be established by the Committee.

Upon attainment of the relevant performance goals, payment with respect to an award may be made in cash, restricted stock units issued under the Company’s equity plan, or any combination of both, as determined by the Committee. Performance goal targets may be based on an employee’s base salary, or a multiple thereof, as determined by the Committee. In all cases, the Committee has the sole and absolute discretion to reduce the amount of any payment under the 2018 Performance Incentive Plan that would otherwise be made to any participant or to decide that no payment will be made.

Awards under the 2018 Performance Incentive Plan will be subject to any clawback or recoupment policy that the Company may adopt, including, without limitation, any clawback or recoupment policy required by applicable law.

The 2018 Performance Incentive Plan will remain in effect until it is terminated by the Committee.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits.

10.1 AptarGroup 2018 Performance Incentive Plan.


APTARGROUP INC Exhibit
EX-10.1 2 a18-5713_1ex10d1.htm EX-10.1 Exhibit 10.1   APTARGROUP 2018 PERFORMANCE INCENTIVE PLAN   I. Purposes   The purposes of the AptarGroup Performance Incentive Plan are to retain and motivate the officers and other employees of AptarGroup,…
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About AptarGroup,Inc. (NYSE:ATR)

AptarGroup, Inc. is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America. The Company’s segments include Beauty + Home, Pharma and Food + Beverage. It offers various dispensing and sealing solutions. Its primary products are dispensing pumps, closures and aerosol valves. It also manufactures and sells elastomer primary packaging components, which include stoppers for infusion, antibiotic, lyophilization and diagnostic vials. The Company’s elastomer components also include pre-filled syringe components, such as plungers, needle shields, tip caps and cartridges, as well as dropper bulbs and disposable syringe plungers.

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