OWENS-ILLINOIS,INC. (NYSE:OI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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OWENS-ILLINOIS,INC. (NYSE:OI) 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 October2, 2017, the Board of Directors (the “Board”) of Owens-Illinois,Inc. (the “Company”) appointed Joseph D. Rupp as a director to the Company’s Board effective immediately, filling the vacancy created by the previously announced resignation of Joseph J. DeAngelo in July2017. It is anticipated that Mr.Rupp will be appointed to Board committees later in the year.

Mr.Rupp will receive compensation as a non-management director in accordance with the Company’s director compensation program as described in Company’s proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March30, 2017, including an annual retainer of $67,500, an annual grant of restricted stock units in the amount of $110,000 and $2,000 for each Board and committee meeting in which the director participates. Mr.Rupp will receive a pro rata portion of the annual retainer and annual grant of restricted stock units based on his service on the Board from the effective date of his appointment.


About OWENS-ILLINOIS,INC. (NYSE:OI)

Owens-Illinois, Inc. is engaged in the manufacturing of glass containers. The Company’s principal product lines are glass containers for the food and beverage industries. Its segments include Europe, North America, Latin America and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. It also produces glass packaging for a range of food items, soft drinks, teas, juices and pharmaceuticals. The Europe segment produces glass containers for the beer, wine, champagne, spirits and food markets. The North America segment has over 20 glass container manufacturing plants and over one distribution facility in the United States and Canada. The Latin America segment produces glass containers for beer, non-alcoholic beverages, spirits, flavored malt beverages, wine, food and pharmaceutical markets. The Asia Pacific segment primarily produces glass containers for the beer, wine, food and non-alcoholic beverage markets.