ITEM 7.01
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REGULATION FD DISCLOSURE.
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On March 23, 2020, O-I Glass, Inc. (the “Company”)
posted to the Investors section of its website Frequently Asked Questions, and answers thereto (the “FAQ Document”),
concerning the Chapter 11 proceedings of the Company’s wholly owned subsidiary, Paddock Enterprises, LLC (“Paddock”),
and matters related thereto. A copy of the FAQ Document is furnished hereto as Exhibit 99.1 and is incorporated by reference herein.
The information set forth in this Item 7.01, including
Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section.
The information set forth in this Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any
other filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.
Forward-Looking Statements
This Current Report on Form 8-K contains “forward-looking”
statements related to the Company within the meaning of Section 21E of the Exchange
Act and Section 27A of the Securities Act. Forward-looking statements reflect the Company’s current expectations
and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,”
“anticipate,” “will,” “could,” “would,” “should,” “may,”
“plan,” “estimate,” “intend,” “predict,” “potential,” “continue,”
and the negatives of these words and other similar expressions generally identify forward-looking statements.
It is possible that the Company’s future financial
performance may differ from expectations due to a variety of factors including, but not limited to, the following: (1) the
Company’s ability to obtain the benefits it anticipates from the Corporate Modernization, (2) risks inherent in, and
potentially adverse developments related to, the Chapter 11 bankruptcy proceeding involving Paddock, that could adversely
affect the Company and the Company’s liquidity or results of operations, including risks from asbestos-related claimant
representatives asserting claims against the Company and potential for litigation and payment demands against the Company by
such representatives and other third parties, (3) the Company’s ability to accurately estimate its total
asbestos-related liability or to control the timing and occurrence of events related to outstanding asbestos-related claims,
including but not limited to the Company’s obligations to make payments to resolve such claims under the terms of its
support agreement with Paddock, (4) the Company’s ability to manage its cost structure, including its success in
implementing restructuring or other plans aimed at improving the Company’s operating efficiency and working capital
management, achieving cost savings, and remaining well-positioned to address the Company’s legacy liabilities, (5) the
Company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired
businesses and achieve expected benefits from acquisitions, divestitures or expansions, (6) the Company’s ability to
achieve its strategic plan, (7) foreign currency fluctuations relative to the U.S. dollar, (8) changes in capital
availability or cost, including interest rate fluctuations and the ability of the Company to refinance debt at favorable
terms, (9) the general political, economic and competitive conditions in markets and countries where the Company has
operations, including uncertainties related to Brexit, economic and social conditions, disruptions in the supply chain,
competitive pricing pressures, inflation or deflation, changes in tax rates and laws, natural disasters, weather, pandemics
and outbreaks of contagious diseases and other adverse public health developments, such as COVID-19, (10) the Company’s
ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (11) consumer
preferences for alternative forms of packaging, (12) cost and availability of raw materials, labor, energy and
transportation, (13) consolidation among competitors and customers, (14) unanticipated expenditures with respect to data
privacy, environmental, safety and health laws, (15) unanticipated operational disruptions, including higher capital
spending, (16) the Company’s ability to further develop its sales, marketing and product development capabilities, (17)
the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint
venture, (18) the ability of the Company and the third parties on which it relies for information technology system support
to prevent and detect security breaches related to cybersecurity and data privacy, (19) changes in U.S. trade policies, and
the other risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and
any subsequently filed Annual Report on Form 10-K, Quarterly Reports on Form 10-Q or the Company’s other filings with
the Securities and Exchange Commission.
It is not possible to foresee or identify all such factors.
Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its
experience and perception of historical trends, current conditions, expected future developments, and other factors it believes
are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results or
developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting
the Company’s results or operations and financial condition, the Company does not assume any obligation to update or supplement
any particular forward-looking statements contained in this document.