Amcor (AMCR) Proxy Filing summary

Executive summary

• Fiscal 2025 featured a transformational merger with Berry Global, creating a leading packaging company with a comprehensive portfolio and significant synergy opportunities; integration is underway with a focus on cost and revenue synergies, targeting $650 million by fiscal 2028 and $260 million in pre-tax synergies for fiscal 2026.

• Annual sales reached $15.0 billion, up 11% year-over-year, with volume growth of 1% and strong cash generation; approximately $850 million was returned to shareholders via dividends.

• Strategic priorities include portfolio optimization in high-value markets, accelerated innovation in sustainability, and disciplined execution for long-term shareholder value.

Voting matters and shareholder proposals

• Shareholders will vote on: re-election of eleven directors for one-year terms, ratification of PricewaterhouseCoopers AG as auditor for fiscal 2026, advisory say-on-pay vote on executive compensation, advisory vote on frequency of say-on-pay (recommended: 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, with a majority being independent and diverse in skills, experience, and geography; average tenure is 5.5 years and average age is 64.7.

• Board leadership is split between an independent Chairman and Deputy Chairman; all committees are composed of independent directors.

• Ongoing board refreshment emphasizes diversity and regular evaluations; stock ownership requirements are in place for directors and executives.

• Shareholder rights include a single class of voting shares, right to call special meetings, and no poison pill.