Packaging Corporation Streamlines Leadership and Approves Incentives

Packaging (PKG) has shared an update.

On May 8, 2024, Packaging Corporation of America’s stockholders approved key proposals at the Annual Meeting. The measures included the election of directors, with a majority voting in favor of each nominee, ratification of KPMG LLP as the independent accounting firm, and approval of the Second Amended and Restated 1999 Long-Term Equity Incentive Plan, as well as PCA’s Executive Compensation. Additionally, a stockholder proposal regarding Director Election Resignation Bylaw was notably defeated.

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