8-KLeadership ChangesRegulation FDExhibits & Filings

Amcor plc 8-K Report, Executive Changes (Oct 9, 2025)

Filed October 9, 2025For Securities:AMCRAMCCF

Summary

Amcor plc (AMCR) announced a key executive transition in an 8-K filing on October 9, 2025. Effective November 10, 2025, Executive Vice President and Chief Financial Officer, Michael Casamento, will step down from his officer role to return to Australia. He will serve as a special advisor until June 30, 2026, to ensure a smooth handover. The company has appointed Stephen R. Scherger as the new Executive Vice President and Chief Financial Officer, effective November 10, 2025. Mr. Scherger brings extensive financial leadership experience from his tenure at Graphic Packaging and MeadWestvaco. In addition to the executive changes, Amcor reaffirmed its financial outlook for the first quarter and fiscal year 2026. The company continues to expect Adjusted Earnings Per Share (EPS) of 80-83 cents for the full fiscal year 2026, representing 12-17% constant currency growth, and Free Cash Flow of $1.8-1.9 billion. The first quarter Adjusted EPS is expected to be within the previously announced range of 18-20 cents. This reaffirmation provides investors with continued visibility on the company's forward-looking financial performance.

Key Highlights

  • 1Amcor plc announces the departure of its Executive Vice President and Chief Financial Officer, Michael Casamento, effective November 10, 2025.
  • 2Michael Casamento will remain with Amcor as a special advisor until June 30, 2026, to facilitate a transition.
  • 3Stephen R. Scherger has been appointed as the new Executive Vice President and Chief Financial Officer, starting November 10, 2025.
  • 4Mr. Scherger brings significant financial expertise, having previously served as CFO of Graphic Packaging and held senior roles at MeadWestvaco.
  • 5Amcor reaffirms its previously issued financial outlook for Q1 and FY2026.
  • 6The company continues to project FY2026 Adjusted EPS of 80-83 cents (12-17% constant currency growth) and Free Cash Flow of $1.8-1.9 billion.
  • 7Q1 FY2026 Adjusted EPS is expected to be between 18-20 cents, as previously guided.

Frequently Asked Questions

Michael Casamento is stepping down from his officer role to return home to Australia full-time. He will remain with Amcor as a special advisor until June 30, 2026, to ensure a smooth transition of his responsibilities. His departure is not due to any disagreement with the company.

Stephen R. Scherger has been appointed as the new Executive Vice President and Chief Financial Officer, effective November 10, 2025. Mr. Scherger has a strong financial background, including serving as CFO of Graphic Packaging and holding various senior finance and operational roles at MeadWestvaco.

In connection with his departure, Mr. Casamento will receive continued base salary and benefits through his termination date (June 30, 2026 or earlier if agreed), a payment equal to twelve months' base salary after his termination date, pro-rated bonus for fiscal year 2026, continued vesting of certain equity awards, special treatment for other equity awards, and relocation assistance to Australia.

Amcor reaffirmed its outlook for fiscal year 2026, expecting Adjusted EPS of 80-83 cents (representing 12-17% constant currency growth) and Free Cash Flow of $1.8-1.9 billion. The company also reaffirmed its first quarter FY2026 Adjusted EPS guidance of 18-20 cents.

Stephen R. Scherger will receive an annualized base salary of $1,000,000, participate in the Management Incentive Plan with a target opportunity of 100% of base salary, and receive annual Long-Term Incentive Plan (LTIP) grants with a target value of 300% of base salary. Additionally, he will receive a special LTIP grant, a $500,000 sign-on cash bonus, and a $2,300,000 special retention equity grant.