UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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Trading |
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On February 26, 2025, Robert P. Mundy, Packaging Corporation of America’s (“PCA”) Executive Vice President and Chief Financial Officer, and PCA’s principal financial officer and principal accounting officer, notified PCA that he will step down as Chief Financial Officer on May 1, 2025. Mr. Mundy will remain employed by PCA in an advisory role through his planned retirement date of March 1, 2026 and will receive his current base salary though his retirement date.
Kent A. Pflederer, age 54, PCA’s Senior Vice President, General Counsel and Secretary, will become PCA’s Executive Vice President and Chief Financial Officer on May 1, 2025 and will serve as PCA’s principal accounting officer and principal financial officer. Mr. Pflederer was promoted to his current position in 2013 and served as Vice President, General Counsel and Secretary from 2007 to 2013. Effective May 1, 2025, Mr. Pflederer will receive an annual base salary of $750,000 and he is eligible for an annual incentive award under PCA’s Executive Incentive Compensation Plan and awards under PCA’s Long Term Equity Incentive Plan, as awarded by the Compensation Committee of PCA’s board of directors. No agreements were entered into with Mr. Pflederer in connection with his appointment to the new position. Mr. Pflederer is not party to any transaction that requires disclosure under Item 404(a) of Regulation S-K.
PCA issued a press release on February 26, 2025 which is filed herewith as Exhibit 99.1 and incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | Press Release issued February 26, 2025 | |
| 104 | Cover Page Interactive Date File (embedded within the Inline XBRL document) | |
SIGNATURES
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.
| PACKAGING CORPORATION OF AMERICA | ||
| By: | /s/ Kent A. Pflederer | |
| Senior Vice President, General Counsel & Secretary | ||
Date: February 28, 2025