UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 8, 2018
BERRY GLOBAL GROUP, INC.
(Exact name of registrant as specified in charter)
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Delaware
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1-35672
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20-5234618
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(State of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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101 Oakley Street
Evansville, Indiana 47710
(Address of principal executive offices / Zip Code)
(812) 424-2904
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act.
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act.
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
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1
| Item 5.02 |
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
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On January 8, 2018, Jonathan D. Rich informed Berry Global Group, Inc. (the "Company") of his retirement as Executive Chairman of the Board and as a member of the Board of Directors effective February 1, 2018. On January 8, 2018, the Board of Directors unanimously elected Thomas E. Salmon to succeed Dr. Rich as Chairman of the Board, effective as of February 1, 2018.
Mr. Salmon, has been Chief Executive Officer of the Company and a member of the Board of Directors since February 2017. Prior to becoming Chief Executive Officer of the Company, Mr. Salmon served as President and Chief Operating Officer of the Company since October 2016. He previously served as President of the Company's Consumer Packaging Division from November 2015 until October 2016, President of the Company's Rigid Closed Top Division from November 2014 until November 2015, and President of the Company's Engineered Materials Division from 2003 until November 2014.
| Item 9.01 |
Financial Statements and Exhibits.
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(d) Exhibits.
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Exhibit
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Description
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99.1
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Press Release dated January 12, 2018.
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2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BERRY GLOBAL GROUP, INC. | |||
| (Registrant) | |||
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Dated: January 12, 2018
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By:
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/s/ Jason K. Greene | |
| Name: | Jason K. Greene | ||
| Title: | Executive Vice President, Chief Legal Officer and Secretary | ||
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News Release
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For Immediate Release
Berry Global Announces Board of Directors Leadership Change
CEO Thomas E. Salmon elected Chairman of the Board effective upon
Jonathan D. Rich's retirement
EVANSVILLE, Ind. – January 12, 2018 – Berry Global Group, Inc. (NYSE: BERY) announced today that Jonathan D. (Jon) Rich will retire as Executive Chairman and a Board member, and that the Board has unanimously elected CEO Thomas E. (Tom) Salmon to succeed Rich as Chairman of the Board, each effective February 1, 2018. Salmon has served as a Board member since his appointment as CEO one year ago.
"Tom has done an excellent job as CEO during the past year," said Rich. "The time is now right to complete the passing of the baton to the next generation and I have the utmost confidence in the Company's future with Tom as Chairman and CEO."
"Berry is fortunate to have a leader with Tom's deep industry experience to become our Chairman," said Ronald S. (Ron) Rolfe, Chairman of Berry's Nominating and Governance Committee of the Board. We have appreciated Jon serving as Executive Chairman after having retired as CEO in February 2017. The Board wants to thank Jon for his service to Berry and wish him the best in his retirement."
About Berry
Berry is committed to its mission of 'Always Advancing to Protect What's Important,' and proudly partners with its customers to provide them with value-added customized protection solutions. The Company's products include engineered materials, non-woven specialty materials, and consumer packaging. Berry's world headquarters is located in Evansville, Indiana. With net sales of $7.1 billion in fiscal 2017, Berry, a Fortune 500 company, is listed on the New York Stock Exchange under the ticker symbol BERY. For additional information, visit Berry's website at www.berryglobal.com.
Forward-looking statements
Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Berry to be materially different from any future results, performance, or achievements expressed or implied in such forward looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the company's Securities and Exchange Commission ("SEC") filings, including Berry's Annual Report on Form 10-K filed with the SEC on November 21, 2017. Berry does not undertake any obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
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Media Contact:
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Investor Contact:
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Eva Schmitz
812.306.2424
PR@berryglobal.com
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Dustin Stilwell
812.306.2964
IR@berryglobal.com
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