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)

 

1-9576

(Commission
File Number)

 

22-2781933

(I.R.S. Employer

Identification Number)

 

One Michael Owens Way

Perrysburg, Ohio

(Address of principal executive offices)

 

43551-2999

(Zip Code)

 

(567) 336-5000

(Registrant’s 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-I’s 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 Company’s 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

 

 

No.

 

Description

 

 

 

99.1

 

Press Release dated March 19, 2015

 

2



 

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.

 

 

 

OWENS-ILLINOIS, INC.

 

 

 

 

 

 

Date: March 19, 2015

 

By:

/s/ James W. Baehren

 

 

Name:

James W. Baehren

 

 

Title:

Senior Vice President and

 

 

 

General Counsel

 

3



 

EXHIBIT INDEX

 

Exhibit

 

 

No.

 

Description

 

 

 

99.1

 

Press Release dated March 19, 2015

 

4




Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

For more information, contact:

 

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

 

 

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-I’s 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 Company’s financial flexibility has allowed O-I to shift capital allocation in favor of shareholder yield. And I am confident that senior leadership’s focus on enhancing manufacturing capabilities and capitalizing on commercial opportunities will allow the Company to continue down that path.”

 

 



 

# # #

 

About O-I

 

Owens-Illinois, Inc. (NYSE: OI) is the world’s largest glass container manufacturer and preferred partner for many of the world’s 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-I’s 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.

 


 

OI Glass (NYSE:OI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more OI Glass Charts.
OI Glass (NYSE:OI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more OI Glass Charts.