Amcor (AMCR) Proxy Filing summary

Executive summary

• Achieved strong earnings momentum in fiscal 2024 despite geopolitical uncertainties, supply chain destocking, and inflationary pressures, with a focus on cost management and strategic investments in growth markets such as India and North America.

• Returned $750 million to shareholders through share repurchases and increased dividends, maintaining an investment-grade balance sheet and targeting 10–15% annual shareholder value creation.

• Reported a 12% reduction in workplace injuries, with over 70% of sites injury-free for 12+ months, and achieved record-high employee engagement survey participation and results.

• Advanced sustainability initiatives, including opening a new Innovation Center in Belgium and progressing toward a goal of 30% recycled content in products by 2030.

Voting matters and shareholder proposals

• Shareholders will vote on electing ten directors for one-year terms, ratifying PricewaterhouseCoopers AG as the independent auditor for fiscal 2025, and a non-binding advisory vote on executive compensation (Say-on-Pay).

• Shareholders of record as of September 11, 2024, are eligible to vote, with options to vote online, by phone, mail, or in person at the November 6, 2024, meeting.

Board of directors and corporate governance

• Board comprises ten nominees, with all except the CEO considered independent under NYSE standards.

• Emphasis on diversity, with 60% of the board diverse by gender or ethnicity and an average tenure of 4.1 years.

• Regular board refreshment, annual elections, mandatory retirement at 75, and no overboarding per policy.

• Active shareholder engagement, single class of voting shares, and no poison pill.