O-I Glass Announces Change of Location and Time for 2020 Annual Meeting of Share Owners
April 01 2020 - 6:45AM
FOR IMMEDIATE RELEASE
O-I Glass, Inc. (NYSE: OI) today announced a change in the
location and time of its 2020 Annual Meeting of Share Owners (the
“Annual Meeting”) due to the public health risks related to the
coronavirus disease 2019 (COVID-19). The Annual Meeting will be
held by remote communication only, in a virtual meeting format, on
Tuesday, May 12, 2020 at 2:00 p.m., Eastern Daylight Time. You will
not be able to attend the Annual Meeting in person. As described in
the proxy materials previously distributed in connection with the
Annual Meeting, share owners as of March 16, 2020, the record date,
are entitled to vote at the Annual
Meeting. About O-I Glass
At O-I Glass, Inc. (NYSE: OI), we love glass and we’re proud to
make more of it than any other glass bottle or jar producer in the
world. We love that it’s beautiful, pure and completely recyclable.
With global headquarters in Perrysburg, Ohio, we are the preferred
partner for many of the world's leading food and beverage brands.
Working hand and hand with our customers, we give our passion and
expertise to make their bottles iconic and help build their brands
around the world. With more than 27,500 people at 78 plants in 23
countries, O-I has a global impact, achieving revenues of $6.7
billion in 2019. For more information, visit o-i.com.
Forward-Looking Statements
This press release contains “forward-looking” statements related
to O-I Glass, Inc. (“O-I Glass” or the “company”) within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”) and Section 27A of the Securities Act
of 1933. 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 the company’s wholly owned subsidiary Paddock
Enterprises, LLC (“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 us 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.
# # #
- O-I Glass Announces Change of Location and Time for 2020 Annual
Meeting of Share Owners
For more information, contact:
Chris Manuel
Vice President of Investor Relations
567-336-2600
Chris.Manuel@o-i.com
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