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
March 16, 2015
Date of Report (Date of earliest event reported)
OWENS-ILLINOIS, INC.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation or organization) |
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1-9576 (Commission |
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22-2781933 (I.R.S. Employer Identification Number) |
One Michael Owens Way Perrysburg, Ohio (Address of principal executive offices) |
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43551-2999 (Zip Code) |
(567) 336-5000
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Owens-Illinois, Inc. (O-I) announced today that Senior Vice President and Chief Financial Officer Steve Bramlage will leave O-I to pursue another opportunity, effective March 31, 2015.
Until an internal and external executive search can be completed, John Haudrich (age 47), vice president, finance and corporate controller, will assume the responsibilities of the chief financial officer. Haudrich has led the global finance operations for O-Is four business segments and the corporate finance team, focused on management reporting. He joined O-I in March 2009 as vice president of investor relations, was named vice president of finance in 2010 and was appointed vice president, finance and corporate controller in 2011.
The Companys related press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit |
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No. |
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Description |
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99.1 |
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Press Release dated March 19, 2015 |
SIGNATURE
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.
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OWENS-ILLINOIS, INC. | |
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Date: March 19, 2015 |
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By: |
/s/ James W. Baehren |
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Name: |
James W. Baehren |
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Title: |
Senior Vice President and |
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General Counsel |
Exhibit 99.1
FOR IMMEDIATE RELEASE
For more information, contact: |
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David Johnson |
Lisa Babington |
Vice President, Investor Relations |
Director, Corporate Communications |
Perrysburg, Ohio, US |
Perrysburg, Ohio, US |
567 336 2600 |
567 336 1445 |
dave.johnson@o-i.com |
lisa.babington@o-i.com |
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Chief Financial Officer Steve Bramlage to leave O-I
John Haudrich named acting CFO
Perrysburg, Ohio (March 19, 2015) Owens-Illinois, Inc. (NYSE: OI) announced today that Senior Vice President and Chief Financial Officer Steve Bramlage will leave O-I to pursue another opportunity, effective March 31, 2015.
Until an internal and external executive search can be completed, John Haudrich, vice president, finance and corporate controller, will assume the responsibilities of the chief financial officer.
It is natural for opportunities outside the company to arise for our many competent leaders like Steve, said Al Stroucken, chairman and CEO. Although we are sorry to see him go, he leaves behind a highly capable finance team focused on financial flexibility. John is a strong and talented leader with broad experience in corporate finance who can readily assume CFO responsibilities.
Haudrich has led the global finance operations for O-Is four business segments and the corporate finance team, focused on management reporting. He joined O-I in March 2009 as vice president of investor relations, was named vice president of finance in 2010 and was appointed vice president, finance and corporate controller in 2011.
I am grateful for the opportunities that O-I has afforded me over the past nine years, said Bramlage. I am very proud that our work to dramatically improve the Companys financial flexibility has allowed O-I to shift capital allocation in favor of shareholder yield. And I am confident that senior leaderships focus on enhancing manufacturing capabilities and capitalizing on commercial opportunities will allow the Company to continue down that path.
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About O-I
Owens-Illinois, Inc. (NYSE: OI) is the worlds largest glass container manufacturer and preferred partner for many of the worlds leading food and beverage brands. The Company had revenues of $6.8 billion in 2014 and employs approximately 21,100 people at 75 plants in 21 countries. With global headquarters in Perrysburg, Ohio, USA, O-I delivers safe, sustainable, pure, iconic, brand-building glass packaging to a growing global marketplace. For more information, visit o-i.com.
O-Is Glass Is Life movement promotes the widespread benefits of glass packaging in key markets around the globe. Learn more about the reasons to choose glass and join the movement at glassislife.com.