Amcor adopts executive change in control severance plan for covered officers
Amcor plc adopted an Executive Change in Control Severance Plan effective September 23, 2025, covering executives including its named executive officers. The plan provides double-trigger severance, meaning benefits apply only if a qualifying termination occurs in connection with a change in control. The filing does not report financial results, and the plan's effect on shareholders depends on whether a change in control occurs.
- Plan adopted effective September 23, 2025, for covered executives, including named executive officers
- Double-trigger severance: benefits require a change in control plus a termination without cause or resignation for good reason
- CEO severance is 2x base salary and target annual bonus; other covered officers receive 1x
- Full plan filed as Exhibit 10.1 to the 8-K