Avery Dennison Corp Elects Independent Board Chair

What Happened
Avery Dennison Corporation (AVY) filed an 8-K on August 19, 2026, announcing that the Board unanimously elected William Wagner as independent Board Chair, effective September 1, 2026, to serve through the company’s 2027 Annual Meeting. Mitchell Butier will remain non-executive Chairman through August 31, 2026 and then as a non-independent Board member for the remainder of the one-year term. William Wagner has been an independent director since October 2022 and currently chairs the Governance and Cybersecurity Committees.

Key Details

• Election effective date: September 1, 2026; term runs through the 2027 Annual Meeting.
• Board found Mr. Wagner independent under NYSE standards; as a result, a Lead Independent Director is no longer required under the company’s Corporate Governance Guidelines.
• Patrick Siewert will cease serving as Lead Independent Director on August 31, 2026 but will remain an independent director for the rest of the term; he will replace Mr. Wagner as Chair of the Governance Committee effective September 1, 2026.
• Mr. Wagner will continue his Cybersecurity Committee role and will transition from Governance Committee Chair to member after August 31, 2026.

Why It Matters
This is a board-level governance change, not an operational or executive management shift. Investors should note the formal change in independent board leadership and committee chair assignments, which can affect oversight and governance priorities (including cybersecurity oversight). There are no reported changes to executive officers or company financials in this filing.