Current Report Filing (8-k)
May 13 2021 - 7:02AM
Edgar (US Regulatory)
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2021-05-11
2021-05-11
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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
May
11, 2021
Date of Report (Date of earliest event
reported)
O-I
GLASS, INC.
(Exact name of registrant as specified
in its charter)
Delaware
|
|
1-9576
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22-2781933
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(State or other jurisdiction
of incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification No.)
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One Michael Owens Way
Perrysburg, Ohio
(Address of principal executive
offices)
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43551-2999
(Zip Code)
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(567) 336-5000
(Registrant’s telephone number, including
area code)
(Former name
or former address, if changed since last report)
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 (17 CFR 230.425)
|
¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol
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Name of each exchange on which
registered
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Common
stock, $.01 par value
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OI
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ¨
ITEM 5.02
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DEPARTURE
OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS;
COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
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O-I
Glass, Inc. Second Amended and Restated 2017 Incentive Award Plan
As
noted below under Item 5.07, at the Annual Meeting of Share Owners (the “Annual Meeting”) of O-I Glass, Inc. (the “Company”)
held on May 11, 2021, the Company’s share owners, upon the recommendation of the Board of Directors, approved the O-I Glass, Inc.
Second Amended and Restated 2017 Incentive Award Plan (the “Plan”), which was adopted by the Board of Directors on March 25,
2021, subject to the approval by the share owners. The Plan amends and restates the Company’s Amended and Restated 2017 Incentive
Award Plan in its entirety.
The
Plan, among other things, increases the number of shares of the Company’s common stock that may be issued thereunder by an additional
3,500,000 shares to a total of 15,000,000 shares. The Plan provides for the grant of stock options, stock appreciation rights, restricted
stock, restricted stock units, dividend equivalents and other stock or cash awards to employees, consultants and non-employee directors
of the Company and its subsidiaries.
A
more detailed description of the material terms of the Plan was included in the Company’s Definitive Proxy Statement on Schedule
14A filed with the Securities and Exchange Commission (“SEC”) on March 31, 2021, as supplemented by the Supplement to
Proxy Statement filed with the SEC on May 3, 2021 (collectively, the “Proxy Statement”), and such description is hereby
incorporated by reference herein. The foregoing and the summary in the Proxy Statement are not complete summaries of the terms of the
Plan and are qualified by reference to the text of the Plan, which is included as Exhibit 10.1 hereto and is incorporated by reference
herein.
ITEM 5.07
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SUBMISSION
OF MATTERS TO A VOTE OF SECURITY HOLDERS.
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The
Annual Meeting was held on May 11, 2021. On the record date of March 15, 2021, there were 157,878,242 shares of the Company’s
common stock outstanding. The following proposals were submitted to a vote of the share owners at the Annual Meeting, each of which is
described in detail in the Proxy Statement:
Proposal
1 – Election of Directors:
Each of the
nominees for the Company’s Board of Directors was elected to serve a one-year term by vote of the share owners as follows:
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Aggregate
Vote
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Name
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For
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Against
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Abstentions
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Broker
Non-Votes
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Samuel
R. Chapin
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133,779,650
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888,719
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382,865
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8,767,283
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Gordon
J. Hardie
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133,017,991
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1,650,343
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382,900
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8,767,283
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Peter
S. Hellman
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131,768,056
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2,883,404
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399,774
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|
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8,767,283
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|
John
Humphrey
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133,317,853
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|
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1,267,417
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465,964
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|
|
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8,767,283
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Anastasia
D. Kelly
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126,264,278
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8,336,120
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|
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450,836
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|
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8,767,283
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Andres
A. Lopez
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132,888,741
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1,869,252
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293,241
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|
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8,767,283
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Alan
J. Murray
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133,287,006
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1,312,730
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451,498
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8,767,283
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Hari
N. Nair
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124,265,577
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10,325,239
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460,418
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8,767,283
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Joseph
D. Rupp
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124,595,800
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10,066,270
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389,164
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8,767,283
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Catherine
I. Slater
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133,969,488
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708,911
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372,835
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8,767,283
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John
H. Walker
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132,472,167
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2,188,073
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390,994
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|
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8,767,283
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Carol
A. Williams
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132,825,966
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1,818,886
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406,382
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8,767,283
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Proposal
2 – Ratification of Selection of Independent Registered Public Accounting Firm:
The selection
of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31,
2021 was ratified by vote of the share owners as follows:
Aggregate
Vote
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For
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|
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Against
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|
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Abstentions
|
|
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Broker
Non-Votes
|
|
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135,033,735
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8,134,399
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650,383
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0
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Proposal
3 — Approval of the Company’s Second Amended and Restated 2017 Incentive Award Plan:
The Plan
was approved by vote of the share owners as follows:
Aggregate
Vote
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For
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Against
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|
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Abstentions
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|
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Broker
Non-Votes
|
|
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129,211,331
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5,370,474
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469,429
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8,767,283
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Proposal
4 —Advisory Vote to Approve Named Executive Officer Compensation:
The compensation
of the Company’s named executive officers was approved by an advisory (non-binding) vote of the share owners as follows:
Aggregate
Vote
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For
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Against
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Abstentions
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Broker
Non-Votes
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131,440,262
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3,212,860
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398,112
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8,767,283
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ITEM 9.01
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FINANCIAL
STATEMENTS AND EXHIBITS.
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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 hereunto duly authorized.
Date: May 13, 2021
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O-I GLASS, INC.
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By:
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/s/ John A.
Haudrich
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John A. Haudrich
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Senior Vice President and Chief Financial Officer
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