Amcor plc has announced the adoption of a new Executive Change in Control Severance Plan, effective September 23, 2025, covering its named executive officers. Under the plan, if a change in control occurs and an executive is terminated without cause or resigns for good reason, the CEO will receive cash severance equal to two times their base salary and target annual bonus. Other participating officers will receive a severance package equal to one times their base salary and target bonus. The plan also provides for a pro rata annual bonus, accelerated vesting of equity awards, and a period of post-employment healthcare coverage for U.S.-based executives.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amcor plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-093334), on September 25, 2025, and is solely responsible for the information contained therein.