AVERY DENNISON CORPORATION (NYSE:AVY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On September9, 2018, upon the recommendation of its Governance and Social Responsibility Committee, the Board of Directors (the “Board”) of Avery Dennison Corporation, a Delaware corporation (the “Company”), appointed Mark J. Barrenechea to the Board, effective September10, 2018. Mr.Barrenechea has not been appointed to serve on any committees of the Board.
In connection with his appointment and in accordance with the Company’s equity compensation program for non-employee directors, on September10, 2018, Mr.Barrenechea received a prorated equity award consisting of 880 restricted stock units (“RSUs”), which will vest on the first anniversary of the grant date. In addition, Mr.Barrenechea will be eligible to participate in the Company’s other non-employee director compensation programs as described in the Company’s proxy statement filed with the Securities and Exchange Commission on March15, 2018.
A copy of the press release announcing Mr.Barrenechea’s appointment to the Board is attached as Exhibit99.1 hereto and incorporated herein by reference.
Section9 – Financial Statements and Exhibits
Item 5.02 Financial Statements and Exhibits.
Exhibit Number |
ExhibitTitle |
99.1 |
Press Release, dated September10, 2018, announcing appointment of Mark J. Barrenechea to the Board of Directors of Avery Dennison Corporation. |