Amcor (AMCR) Proxy Filing summary

Executive summary

• Completed a transformational merger with Berry Global, creating a leading packaging company with a comprehensive portfolio and significant synergy opportunities; integration is progressing well with $650 million in synergies targeted by 2028 and $260 million in pre-tax synergies expected in fiscal 2026.

• Fiscal 2025 saw 11% sales growth to $15.0 billion, 1% volume growth, and $850 million returned to shareholders via dividends; adjusted EPS grew 3% and adjusted EBIT grew 12%.

• Strategic focus on value creation, disciplined execution, and portfolio optimization in high-value markets such as nutrition, health, and beauty.

• Continued investment in R&D ($180 million annually), innovation centers, and sustainability, with most of the portfolio now recyclable or recycle-ready.

Voting matters and shareholder proposals

• Shareholders will vote on: re-election of eleven directors, ratification of PwC as auditor for 2026, advisory say-on-pay vote, advisory vote on frequency of say-on-pay (board recommends annual), and approval of a 1-for-5 reverse stock split.

• Board recommends voting FOR all proposals and for a one-year frequency on say-on-pay.

Board of directors and corporate governance

• Eleven director nominees, all independent except the CEO; board has an independent chairman and deputy chairman.

• Board committees: Audit, Compensation, Nominating and Corporate Governance, and Executive; all committee members are independent.

• Ongoing board refreshment, diversity in skills, backgrounds, and international experience; average tenure 5.5 years, average age 64.7.

• Stock ownership requirements for directors and executives; annual board and committee evaluations; active shareholder engagement.