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Avery Dennison (NYSE: AVY) sets 2026 handoff to new independent board leader

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Avery Dennison Corporation (AVY) announced Board leadership changes as part of its long-term succession planning. The Board unanimously elected William Wagner as independent Board Chair, effective September 1, 2026, to serve for the remainder of the one-year term ending at the 2027 Annual Meeting of Stockholders.

Mitchell Butier will remain non-executive Chairman through August 31, 2026 and then continue as a non-independent Board member for the rest of the term ending at the 2027 Annual Meeting. The Board determined that Mr. Wagner is independent under New York Stock Exchange listing standards, so a Lead Independent Director is no longer required under the company’s Corporate Governance Guidelines; accordingly, Patrick Siewert will cease serving in that role on August 31, 2026 but will remain an independent director.

Given the time commitments of Mr. Wagner’s new role and his ongoing chairmanship of the Cybersecurity Committee, the Board appointed Mr. Siewert as Chair of the Governance Committee, effective September 1, 2026, for the remainder of the current one-year term, while Mr. Wagner continues as a member of that committee.

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Effective date independent Board Chair September 1, 2026 Date William Wagner becomes independent Board Chair
End of non-executive Chairman role August 31, 2026 Date Mitchell Butier ceases serving as non-executive Chairman
Term end reference 2027 Annual Meeting of Stockholders End of the one-year Board term for current appointments
3.750% Senior Notes due 2034 coupon 3.750% Coupon rate on Avery Dennison’s Senior Notes due 2034
4.000% Senior Notes due 2035 coupon 4.000% Coupon rate on Avery Dennison’s Senior Notes due 2035
independent Board Chair regulatory
"elected William Wagner as independent Board Chair, effective September 1, 2026"
Lead Independent Director regulatory
"a Lead Independent Director is no longer required under the Company’s Corporate"
A lead independent director is a board member who is not part of company management and is chosen to coordinate and represent the other independent directors, often running sessions without the CEO, helping set meeting agendas, and serving as a liaison between shareholders and the board. For investors, this role signals stronger, more balanced oversight—like a neutral referee who helps ensure decisions are fair, transparent and focused on protecting shareholder interests.
Corporate Governance Guidelines regulatory
"no longer required under the Company’s Corporate Governance Guidelines"
A company’s corporate governance guidelines are a set of written rules and practices that explain how its board and executives make decisions, oversee risks, and hold themselves accountable—think of them as the organization’s playbook for fair and responsible leadership. Investors care because these guidelines shape how transparent decision-making is, reduce the chance of surprises or conflicts, and influence long‑term stability and trust, much like house rules keep a household running smoothly.
New York Stock Exchange listing standards regulatory
"Board previously determined that Mr. Wagner is independent under New York Stock Exchange"
Cybersecurity Committee technical
"currently serves as Chair of the Governance Committee and the Cybersecurity Committee"

FAQ

What Board leadership change did Avery Dennison (AVY) announce on August 18, 2026?
Avery Dennison’s Board elected William Wagner as independent Board Chair, effective September 1, 2026. He will serve in this role for the remainder of the one-year term ending at the 2027 Annual Meeting of Stockholders.

What is Mitchell Butier’s role at Avery Dennison (AVY) after the Board changes?
Mitchell Butier will remain non-executive Chairman through August 31, 2026 and then continue as a non-independent Board member for the remainder of the one-year term ending at the 2027 Annual Meeting.

Why is Avery Dennison (AVY) eliminating the Lead Independent Director role?
The Board determined that William Wagner is independent under NYSE listing standards, meaning the company’s Corporate Governance Guidelines no longer require a Lead Independent Director. As a result, Patrick Siewert will cease serving in that role on August 31, 2026.

What new responsibility is Patrick Siewert assuming on the Avery Dennison (AVY) Board?
Effective September 1, 2026, Patrick Siewert will become Chair of the Governance Committee for the remainder of the one-year term ending at the 2027 Annual Meeting, while continuing as an independent director.

Will William Wagner keep his committee responsibilities at Avery Dennison (AVY)?
Yes. In addition to becoming independent Board Chair, William Wagner will continue as Chair of the Cybersecurity Committee and remain a member of the Governance Committee for the rest of the current one-year term.

When do Avery Dennison’s (AVY) Board leadership changes take effect?
Key changes are effective September 1, 2026, including William Wagner becoming independent Board Chair and Patrick Siewert becoming Governance Committee Chair. The Lead Independent Director role ends and Butier’s non-executive chair role concludes on August 31, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →
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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
August 18, 2026
Date of Report (Date of earliest event reported)
AVERY DENNISON CORPORATION
(Exact name of registrant as specified in its charter)
 
Delaware
 
1-7685
 
95-1492269
 
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
8080 Norton Parkway            
Mentor, Ohio
44060
(Address of principal executive offices)
 
(Zip Code)
Registrant’s telephone number, including area code (440) 534-6000
(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 (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $1 par valueAVYNew York Stock Exchange
3.750% Senior Notes due 2034AVY34Nasdaq Stock Market
4.000% Senior Notes due 2035AVY35Nasdaq Stock Market
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. ☐


Section 8 — Other Events

Item 8.01 Other Events.
On August 18, 2026, consistent with its thoughtful long-term Board leadership succession planning process, the Board of Directors (the “Board”) of Avery Dennison Corporation, a Delaware corporation (the “Company”), unanimously elected William Wagner as independent Board Chair, effective September 1, 2026, to serve in such capacity for the remainder of the one-year term ending at the 2027 Annual Meeting of Stockholders (the “Annual Meeting”). Mitchell Butier will continue to serve as non-executive Chairman through August 31, 2026 and as a non-independent member of the Board for the remainder of the one-year term ending at the Annual Meeting. Mr. Wagner has served as an independent member of the Board since October 2022, and currently serves as Chair of the Governance Committee and the Cybersecurity Committee.
The Board previously determined that Mr. Wagner is independent under New York Stock Exchange listing standards such that a Lead Independent Director is no longer required under the Company’s Corporate Governance Guidelines. As a result, Patrick Siewert will cease serving as Lead Independent Director on August 31, 2026 and continue to serve as an independent member of the Board for the remainder of the one-year term ending at the Annual Meeting.
Also on August 18, 2026, in light of the time commitments associated with Mr. Wagner’s role as independent Board Chair and his continuing service as Chair of the Cybersecurity Committee, the Board appointed Mr. Siewert, who currently serves as a member of the Governance Committee, to replace Mr. Wagner as its Chair, effective September 1, 2026, to serve in such capacity for the remainder of the one-year term ending at the Annual Meeting. Mr. Wagner will continue to serve in such capacity through August 31, 2026 and as a member of the Committee for the remainder of the one-year term ending at the Annual Meeting.


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.
 
AVERY DENNISON CORPORATION
Date: August 19, 2026By:/s/ Deon M. Stander
Name:
Title:  
Deon M. Stander
President and Chief Executive Officer

Source: View Original Filing on SEC EDGAR

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