01—Abstract
Summary
Summary of the 8-K filed December 11, 2025. Cited figures are marked; the original filing is the authoritative source.
Amcor plc (NYSE: AMCR; ASX: AMC) announced on December 11, 2025 that it will proceed with the 1-for-5 reverse stock split approved by shareholders at its November 6, 2025 annual general meeting.
The company expects to file the amendment to its memorandum of association after the close of trading on January 14, 2026, with split-adjusted ordinary shares trading from January 15, 2026. Outstanding ordinary shares will fall from about 2.3 billion to about 461 million. Because the split is proportional, it does not by itself change any shareholder's economic interest, ownership percentage, or the company's total equity value.
The filing also changes the par value of ordinary and preferred shares to $0.05a, proportionately reduces authorized share capital, and assigns a new CUSIP to the NYSE-listed shares. ASX CHESS Depositary Interests (CDIs) are consolidated on the same 1-for-5 basis, so one CDI still represents one ordinary share. No fractional shares will be issued; holders of record will receive cash in lieu.
Unvested equity awards will be adjusted proportionately. There are no preferred shares outstanding. For investors, the key near-term items are the timing of the split and the presentation of per-share results.
Amcor intends to report fiscal Q2 2026 and year-to-date per-share metrics, including EPS, on a split-adjusted basis in early February 2026, so historical per-share comparisons will need to be restated to the new share count. Investors should also watch for tracking, trading, and index-related mechanics around the new CUSIP and the CDI consolidation.
02—Key points
Key Highlights
- Amcor will implement a 1-for-5 reverse stock split; ordinary shares begin trading on a split-adjusted basis on January 15, 2026, after the amendment is expected to be filed on January 14, 2026.
- Outstanding ordinary shares will decline from roughly 2.3 billion to roughly 461 million, with proportional reductions in authorized ordinary and preferred shares.
- Par value of ordinary and preferred shares increases to $0.05 per share to align with the reduced share count.
- ASX CDIs are consolidated 1-for-5 so one CDI still equals one ordinary share; NYSE ticker AMCR and ASX ticker AMC are unchanged, but the NYSE shares move to a new CUSIP.
- Fiscal Q2 2026 and year-to-date per-share metrics, including EPS, will be reported on a split-adjusted basis in early February 2026.
- No fractional shares will be issued (cash paid in lieu), and unvested equity-based awards will be proportionately adjusted.
- The split is mechanical and does not alter total equity value or proportional ownership; no preferred shares are outstanding.
03—Questions
Frequently Asked Questions
Does the reverse stock split change my economic stake in Amcor?
No. Every five ordinary shares are combined into one, so each holder's proportional ownership and the company's aggregate equity value are unchanged. Per-share figures and the share price will be adjusted to reflect the new share count.
When will my shares reflect the split?
Amcor expects to file the amendment to its memorandum of association after the close of trading on January 14, 2026, and ordinary shares will trade on a split-adjusted basis beginning January 15, 2026. The NYSE ticker remains AMCR, but the shares will trade under a new CUSIP.
What happens to fractional shares and to my ASX CDI holdings?
Fractional entitlements will not be issued; holders of record will receive a cash payment instead. CDIs are consolidated 1-for-5 so that one CDI still represents one ordinary share, and CDIs continue to trade on the ASX under the symbol AMC.
How will the split affect historical earnings per share comparisons?
Amcor plans to present fiscal Q2 2026 and year-to-date per-share metrics, including EPS, on a split-adjusted basis when reported in early February 2026. Prior-period per-share data will need to be restated to the new share count to be comparable.
What happens to equity compensation and the number of authorized shares?
Unvested Amcor equity-based awards will be proportionately adjusted under its incentive plans. Authorized ordinary and preferred shares will be proportionately reduced in the amended memorandum of association, and the par value of both classes will increase to $0.05 per share.
04—Continue