Short answer
Avery Dennison (AVY) filed an 8-K current report with the SEC on June 4, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Materials Group leadership transition: Ryan Yost resigns for another opportunity and departs June 12, 2026.
Avery Dennison 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Materials Group leadership transition: Ryan Yost resigns for another opportunity and departs June 12, 2026
- Danny Allouche becomes President, Materials Group effective June 1, 2026, bringing extensive internal experience since 2010
- Allouche retains ILS 1,989,960 salary and 60% incentive target, with LTI target increasing from 180% to 200%
- Additional 2026 awards include 20% of base salary plus $500,000 restricted-stock-unit grant
- New awards vest through June 1, 2029, increasing retention incentives and compensation expense tied to leadership succession
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Avery Dennison 8-K filings
Get the next AVY 8-K as it lands
Follow AVY for push alerts, or ask the research agent what this filing means.