8-KLeadership ChangesExhibits & Filings

Amcor plc 8-K Report, Executive Changes (Jun 15, 2026)

Filed June 15, 2026For Securities:AMCRAMCCF

Summary

Amcor plc (AMCR) announced a key executive transition in its Global Flexible Packaging Solutions division. Fred Stephan, the Division President, will retire from his officer role effective June 30, 2026, but will remain as a special advisor until December 31, 2026, to ensure a seamless handover. This retirement is amicable and not due to any disagreements. Mr. Stephan's departure triggers specific compensation and equity vesting arrangements as outlined in his transition agreement, designed to provide a structured exit and retain his expertise during the transition period. Concurrently, Amcor has appointed Ryan D. Yost as the new Division President, Global Flexible Packaging Solutions, effective June 15, 2026. Mr. Yost brings extensive experience from Avery Dennison, where he held senior leadership roles in various divisions, demonstrating a strong track record in strategy, operations, and growth initiatives. His compensation package includes a substantial base salary, performance-based bonuses, long-term incentive awards, and a sign-on bonus, reflecting his senior role and expected contributions to Amcor's future performance.

Key Highlights

  • 1Fred Stephan, Division President, Global Flexible Packaging Solutions, to retire from officer role effective June 30, 2026.
  • 2Mr. Stephan will serve as a special advisor until December 31, 2026, to facilitate a smooth transition.
  • 3Mr. Stephan's retirement is amicable and not related to any disputes with the Company.
  • 4Ryan D. Yost appointed as the new Division President, Global Flexible Packaging Solutions, effective June 15, 2026.
  • 5Mr. Yost joins Amcor from Avery Dennison, bringing over 25 years of leadership experience in the materials and packaging industry.
  • 6Mr. Yost's compensation includes a base salary of $1,000,000, with significant performance-based bonuses and equity incentives.
  • 7Transition and retirement agreements for Mr. Stephan include pro-rated bonuses, full vesting of certain equity awards, and continued salary/benefits through the retirement date.

Frequently Asked Questions

Fred Stephan's retirement from his officer role creates an opening for a new leader in the critical Global Flexible Packaging Solutions division. While he is stepping down as an officer, his continued role as a special advisor until year-end is intended to ensure continuity and a smooth transfer of responsibilities, mitigating immediate disruption.

Mr. Stephan will receive continued base salary and benefits until his retirement date (June 30, 2026), a pro-rated bonus, full vesting of certain equity awards, and other accrued benefits. These are provided in exchange for his compliance with restrictive covenants and a general release of claims.

Ryan D. Yost is an experienced executive with over 25 years at Avery Dennison, holding various senior leadership roles. His compensation package is robust, including a $1,000,000 base salary, a target bonus opportunity of 100% of base salary, substantial long-term incentive awards (300% of base salary annually, plus a special grant), a $175,000 sign-on bonus, and $1,600,000 in restricted stock units that vest over two years.

Yes, both Mr. Stephan and Mr. Yost are subject to restrictive covenants. Mr. Stephan's agreement includes customary non-competition, non-solicitation, non-disparagement, and confidentiality clauses. Mr. Yost's agreement includes perpetual confidentiality, assignment of inventions, and non-solicitation and non-competition covenants that extend for twelve months following termination of employment.