Packaging Corp of America appoints Fabian C. Strauss as SVP Finance; Director Paul T. Stecko to retire.

8-K Filing Analysis: Packaging Corp of America (PKG)

Date: March 3, 2026
Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Executive Appointment:

• Fabian C. Strauss has been promoted to Senior Vice President – Finance, Controller & Treasurer, effective March 1, 2026. He will serve as the principal accounting officer.
• Compensation: Mr. Strauss will receive an annual base salary of $455,000 and is eligible for annual incentive awards and long-term equity incentives.
• Background: Mr. Strauss joined PCA in 2022 and previously served as VP, Controller and Treasurer. Prior experience includes roles at EOS Energy Storage, PriceWaterhouseCoopers, Walgreens, and Treehouse Foods.

Director Departure:

• Paul T. Stecko informed the Board on February 25, 2026, of his decision to retire and not stand for reelection at the 2026 Annual Meeting. The Board size will be reduced from ten to nine directors following his departure.

Compensatory Arrangements & Agreements:

• Robert Mundy (Former CFO): Entered into a post-retirement agreement effective March 1, 2026. Under the agreement, 9,928 outstanding shares of restricted stock vested immediately. Additionally, 3,900 TSR performance units and 9,928 ROIC performance units will continue to vest according to their original schedules, subject to restrictive covenants.
• New Equity Award Forms: The Compensation Subcommittee approved new forms for LTI grants (TSR and ROIC performance units) and RSUs, updating retirement vesting definitions and disability proration terms for awards granted on or after February 25, 2026.