Every material Form 8-K O-I Glass filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
O-I Glass accepted the resignation of director Eric J. Foss, effective immediately, on November 7, 2025. The company said he resigned under its corporate governance guidelines because his job responsibilities changed significantly when he became Chairman and Chief Executive Officer of Primo Brands Corporation, and that the resignation was not due to any disagreement over company operations, policies or practices.
Eric J. Foss resigned as a director, effective immediately.
Board accepted the resignation on November 7, 2025.
Resignation was tied to his appointment as Chairman and CEO of Primo Brands Corporation, not a disagreement with the company.
O-I Glass reported third-quarter 2025 net earnings attributable to the company of $0.19 per diluted share, compared with a loss of $0.52 a year earlier, on net sales of $1.7 billion (flat year over year). The company raised its full-year 2025 adjusted earnings per share guidance to $1.55 to $1.65 from $1.30 to $1.55, while its free cash flow guidance of $150 million to $200 million was unchanged because of higher restructuring costs.
Q3 net sales were $1,653 million versus $1,679 million in the prior-year quarter; earnings before income taxes were $58 million versus a loss of $57 million.
Segment operating profit rose to $235 million from $144 million, with margins up 570 basis points, driven mainly by lower operating costs.
Adjusted EPS was $0.48 versus an adjusted loss of $0.04; full-year 2025 adjusted EPS guidance was raised to $1.55 to $1.65.
Full-year 2025 free cash flow guidance remains $150 million to $200 million, including about $150 million in cash restructuring costs.
On September 30, 2025, a subsidiary of O-I Glass entered into a new credit agreement that fully refinances its prior 2022 facility, providing up to $2.7 billion of term loans and a revolving credit facility. The filing says the proceeds at closing were used to refinance prior debt and pay fees, and it sets out covenants, a secured leverage ratio test, and interest margins tied to leverage.
Up to $2.7 billion of borrowings under term loans A, term loans B and a revolving credit facility
Term loans A and the revolving facility mature in September 2030; term loans B mature in September 2032
Loans are secured by certain collateral; margins range from 1.00% to 1.75% (Term SOFR) for term loans A and revolver, and 3.00% for term loans B
Covenants restrict liens, investments, restricted payments and asset sales; a secured leverage ratio applies
O-I Glass reported a second-quarter 2025 net loss of $0.03 per diluted share, compared with earnings of $0.36 a year earlier, mostly due to $108 million in restructuring and asset impairment charges tied to halting the MAGMA program. Adjusted EPS rose to $0.53 from $0.44, and the company raised its full-year 2025 adjusted EPS guidance to $1.30 to $1.55 from $1.20 to $1.50.
Q2 2025 net loss attributable to the company of $0.03 per diluted share, versus $0.36 in Q2 2024; adjusted EPS $0.53 versus $0.44
Net sales of $1.7 billion, consistent with the prior year, with shipment volume down about 3 percent
Full-year 2025 adjusted EPS guidance raised to $1.30 to $1.55; free cash flow guidance unchanged at $150 to $200 million
Charges of approximately $45 million expected in Q3 2025 from the planned closure of one Americas plant and suspension of one furnace
At its May 14, 2025 annual meeting, O-I Glass share owners approved the Fifth Amended and Restated 2017 Incentive Award Plan, which adds 9,000,000 shares for a total of 33,600,000 and sets vesting terms for awards upon a change in control. All director nominees were elected, and the advisory vote on executive compensation passed, though with 43,193,456 votes against. Shareholders should note that more shares are now available for awards to employees, consultants and non-employee directors.
The plan adds 9,000,000 shares, bringing the total to 33,600,000 shares that may be issued under it.
Plan approval: 120,622,053 for, 6,619,273 against and 153,419 abstentions.
Advisory vote on named executive officer compensation: 83,910,833 for and 43,193,456 against.
O-I Glass reported a first-quarter 2025 net loss attributable to the company of $16 million, or $0.10 per diluted share, versus net earnings of $72 million, or $0.45 per share, a year earlier. Net sales were $1,567 million, down from $1,593 million, and the company cited $80 million of restructuring and asset impairment charges tied to its Fit To Win program. The company reaffirmed its 2025 adjusted EPS guidance of $1.20 to $1.50 and free cash flow guidance of $150 million to $200 million.
Net loss attributable to the company was $16 million, or $0.10 per diluted share, compared with net earnings of $72 million, or $0.45 per share, in Q1 2024; the results include $80 million of restructuring and asset impairment charges.
Adjusted EPS was $0.40 per diluted share, compared with $0.45 in the prior-year quarter.
Net sales were $1,567 million versus $1,593 million; segment operating profit was $209 million versus $235 million.
2025 guidance was unchanged: adjusted EPS of $1.20 to $1.50 and free cash flow of $150 million to $200 million. A conference call is scheduled for April 30, 2025, at 8:00 a.m. EDT.
O-I Glass finalized plans to close a plant in its European segment, affecting about 170 people, with charges of approximately $50 million expected in the first quarter of 2025. It also approved a separate severance program and restructuring actions, with a charge of approximately $20 million expected in the first quarter, aimed at lowering future selling, general and administrative costs. The charges are a near-term cost to shareholders, though the company says the actions are part of its Fit to Win plan to reduce redundant capacity.
European plant closure finalized March 18, 2025; about 170 people affected
Closure charges of approximately $50 million expected in Q1 2025, mostly one-time employee separation benefits and closing costs
Separate severance and restructuring charge of approximately $20 million expected in Q1 2025, all cash
Additional capacity closures and restructuring actions expected in 2025
O-I Glass reported 2024 net sales of $6.5 billion, down about 8 percent, and a net loss attributable to the company of $0.69 per share, compared with a $0.67 loss in 2023. Adjusted EPS was $0.81, down from $3.09, and the company guided 2025 adjusted EPS to $1.20 to $1.50 and free cash flow to $150 million to $200 million, but management said it remains cautious about the commercial outlook.
Full-year 2024 net sales were $6.5 billion, down from $7.1 billion; net loss attributable to the company was $106 million ($0.69 per share) versus $103 million ($0.67 per share) in 2023.
Adjusted EPS of $0.81 in 2024 slightly exceeded guidance of $0.70 to $0.80, compared with $3.09 in 2023.
Fourth-quarter 2024 net loss was $1.00 per share, versus $3.05 per share a year earlier; adjusted results were a loss of $0.05 per share.
2025 guidance calls for adjusted EPS of $1.20 to $1.50 and free cash flow of $150 million to $200 million, compared with a $128 million use of cash in 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every O-I Glass filing is on SEC EDGAR ↗. 8-K briefs of other companies →