Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnFebruary 9, 2022 ,Lloyd M. Yates , 61, extended his resignation from theSonoco Products Company's Board of Directors (the "Board"), effectiveMarch 1, 2022 .Mr. Yates has served onSonoco's Board since 2019 and is a member of the Audit, Financial Policy, and Employee and Public Responsibility committees. Mr. Yate's resignation was not the result of any disagreement betweenMr. Yates and the Company, its management, board of directors or any committee thereof, or with respect to any matter relating to the Company's operation, policies or practices. In accordance withSonoco Products Company's By-Laws, the retirement ofMarc D. Oken from the Board shall be automatic at the annual meeting of shareholders onApril 20, 2022 , asMr. Oken reached the mandatory retirement age of 75 during his current term as director.Mr. Oken joined the Board in 2006 and serves on the Company's Executive Committee as well as the Executive Compensation, Audit, and Corporate Governance and Nominating committees.
Item 8.01 Other Events.
For additional information regarding the foregoing, please see the Registrant's news release announcing the upcoming retirement of current Board members,Lloyd M. Yates , effectiveMarch 1, 2022 , andMarc D. Oken , effectiveApril 20, 2022 .
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description of Exhibit 99 Changes to Sonoco Products Company 's Board of Directors 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
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