8-K: Current report filing
Published on September 30, 2024
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
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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).
Emerging growth company
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 1.02. | Termination of a Material Definitive Agreement. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On September 26, 2024, Stephen R. Scherger, Executive Vice President and Chief Financial Officer of Graphic Packaging Holding Company and Graphic Packaging International, LLC (collectively, the “Company”), voluntarily terminated his Amended and Restated Employment Agreement dated January 1, 2015. On September 26, 2024, Joseph P. Yost, Executive Vice President and President, International of the Company, also voluntarily terminated his Amended and Restated Employment Agreement dated September 1, 2015. Both Mr. Scherger and Mr. Yost voluntarily terminated their agreements due to recently approved changes to the Graphic Packaging International Executive Severance Plan, which improved the severance benefits for all Executive Vice Presidents in the event of a termination of service after a change in control of the Company. The changes to the Graphic Packaging International Executive Severance Plan, a copy of which is filed herewith as Exhibit 10.1, substantially eliminated the need for separate employment agreements for Mr. Scherger and Mr. Yost. Both Mr. Scherger and Mr. Yost remain active employees of the Company in their respective roles.
| Item 9.01. | Financial Statements and Exhibits. |
Exhibits
| Exhibit Number |
Description | |
| 10.1 | Graphic Packaging International Executive Severance Plan | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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 |
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| Lauren S. Tashma | ||||||
| Date: September 30, 2024 | Executive Vice President, General Counsel and Secretary | |||||
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