Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On February 24, 2020, David E. I. Pyott, Lead Independent Director of
the Board of Directors (the "Board") of Avery Dennison Corporation (the
"Company"), notified the Chairman of the Board and the Chair of the Board's
Governance and Social Responsibility Committee (the "Committee") of his decision
not to stand for reelection at the Company's 2020 annual meeting of stockholders
to be held on April 23, 2020 (the "Annual Meeting") so that he may focus on
other endeavors. Mr. Pyott's decision was not the result of any disagreement
with the Company.
On February 27, 2020, upon the recommendation of the Committee, the independent
directors of the Board selected Patrick T. Siewert to serve as Lead Independent
Director following the Annual Meeting, subject to his reelection. Also on that
day and upon the recommendation of the Committee, the Board elected Mitchell R.
Butier to continue serving as Chairman of the Board following the Annual
Meeting, subject to his reelection.
A copy of the press release announcing this change in the Company's Board
leadership structure is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release, dated February 28, 2020, announcing change in Board
leadership structure of Avery Dennison Corporation
104 Cover Page Interactive Data File (formatted as Inline XBRL and
contained in Exhibit 101)
© Edgar Online, source Glimpses