WestRock Company (NYSE:WRK) 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.
On July 26, 2018, the board of directors (the “Board”) of WestRock Company voted to increase the size of the Board, effective immediately, from twelve directors to thirteen directors, and appointed Colleen Arnold to the Board to fill the resulting vacancy. Ms. Arnold’s initial term as a director will expire at the Company’s 2019 annual meeting of stockholders. Ms. Arnold will serve on the audit committee and the finance committee of the Board.
Ms. Arnold served as senior vice president, sales and distribution for International Business Machines Corporation ("IBM") from 2014 to 2016. Prior to that, she held a number of senior positions with IBM from 1998 to 2014. Ms. Arnold is a member of the board of directors of Cardinal Health, Inc.
Ms. Arnold will be entitled to the standard compensation provided to non-employee directors.
There are no arrangements or understandings between Ms. Arnold and any other person to which Ms. Arnold was elected to serve as a director, nor are there related party transactions requiring disclosure to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
Item 7.01. Regulation FD Disclosure.
On July 27, 2018, WestRock issued a press release announcing the appointment of Ms. Arnold to the Board . A copy of the press release is attached as Exhibit 99.1 and is incorporated by reference into this Item 7.01.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press release, dated July 27, 2018
WestRock Co ExhibitEX-99.1 2 exh_991.htm PRESS RELEASE EdgarFilingEXHIBIT 99.1WestRock Appoints Colleen F. Arnold as DirectorExpands Board to 13 members ATLANTA,…To view the full exhibit click here
About WestRock Company (NYSE:WRK)
WestRock Company is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment consists of its containerboard mill and corrugated packaging operations, as well as its recycling operations. The Consumer Packaging segment consists of consumer mills, folding carton, beverage, merchandising displays, home, health and beauty dispensing, and partition operations. The Land and Development segment is engaged in the development and sale of real estate primarily in Charleston, South Carolina. As of September 30, 2016, the Company owned approximately 61,000 acres of development landholdings primarily in the Charleston, South Carolina region. The Corrugated Packaging segment produces containerboard and high-graphics preprinted linerboard.
