Pactiv Evergreen Inc.

Overview

• IndustryPlastics, Foil & Coated Paper Bags¹
• HeadquartersLake Forest, Illinois¹
• Business address1900 W. Field Court, Lake Forest, Il 60045²
• Filer categoryAccelerated filer²

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Pactiv Evergreen is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America. We produce a broad range of products that protect, package and display fresh food and beverages for consumers who want to eat or drink fresh, prepared or ready-to-eat food and beverages conveniently and with confidence. We supply our products to a broad and diversified mix of companies, including full service restaurants (also referred to as FSRs), quick service restaurants (also referred to as QSRs), foodservice distributors, supermarkets, grocery and healthy eating retailers, other food stores, food and beverage producers and food processors. We operate primarily in North America. The terms “Pactiv Evergreen,” the “Company,” “we,” “us” and “our” are used to refer collectively to Pactiv Evergreen Inc. and its subsidiaries.⁴ From its latest annual report

Corporate structure

Pactiv Evergreen Inc. sits at the top of its group. 18 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Pactiv Evergreen Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Inventory

Properties, in its own words

Our corporate headquarters is located in leased office space in Lake Forest, Illinois. As of December 31, 2024, we leased or owned 81 other U.S. facilities and 13 international facilities, some of which included multiple buildings and warehouses. This included the 50 manufacturing facilities and 43 warehouses that comprised our global production and distribution network.

We believe that all of our facilities are adequate to meet our current needs and our needs for the immediate future, and should it be needed, we will be able to secure additional space to accommodate any expansion of our operations.

Item 2 of the 10-K filed Feb 25, 2025.⁴

Leadership

Who has led Pactiv Evergreen Inc., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerJohn T. McGrath Sep 17, 2020 to Mar 4, 2021¹⁵
• PresidentEric Wulf Sep 17, 2020 to Mar 10, 2023¹⁶
• PresidentTim A. Levenda Sep 17, 2020 to Apr 1, 2025¹⁷
• Chief financial officerJonathan Baksht May 31, 2022 to Apr 1, 2025¹⁸
• Chief financial officerMichael Ragen Sep 17, 2020 to Mar 4, 2022¹⁹
• Chief operating officerMichael Ragen Sep 17, 2020 to Mar 4, 2021¹⁹

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

• Blue Ridge Paper Products LLC Delaware³
• Coast Packaging Company LLC Delaware³
• Evergreen Packaging Canada Limited Canada³
• Evergreen Packaging International LLC Delaware³
• Evergreen Packaging LLC Delaware³
• Fabri-Kal LLC Delaware³
• PEI Holdings Company LLC Delaware³
• Pactiv Canada Inc. Canada³
• Pactiv Europe Services LLC Delaware³
• Pactiv Evergreen Group Holdings Inc. Delaware³
• Pactiv Evergreen Group Issuer Inc. Delaware³
• Pactiv Evergreen Group Issuer LLC Delaware³
• Pactiv Evergreen Services Inc. Delaware³
• Pactiv Foodservice México, S. de R.L. de C.V. Mexico³
• Pactiv LLC Delaware³
• Pactiv México, S. de R.L. de C.V. Mexico³
• Pactiv Packaging Inc. Delaware³
• Reynolds Packaging International LLC Delaware³

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

• Reynolds Group Holdings LtdNov 3, 2011 to Aug 13, 2020²

Timeline

1. Apr 1, 20258-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale³²
2. Mar 28, 20258-K Regulation FD disclosure³³
3. Mar 25, 20258-K Other events³⁴
4. Mar 11, 20258-K Other events³⁵
5. Jan 21, 20258-K Regulation FD disclosure³⁶
6. Dec 9, 20248-K Entered a material agreement; Executive or director change; Shareholder vote³⁷
7. Nov 12, 20248-K Results of operations; Regulation FD disclosure³⁸
8. Jul 31, 20248-K Results of operations; Regulation FD disclosure³⁹
9. Jul 12, 20248-K Exit or restructuring costs; Impairment; Regulation FD disclosure⁴⁰
10. Jun 7, 20248-K Executive or director change; Bylaws or fiscal year changed; Shareholder vote⁴¹
11. May 29, 20248-K Entered a material agreement; New debt or obligation; Regulation FD disclosure⁴²
12. May 2, 20248-K Results of operations; Regulation FD disclosure⁴³
13. Sep 17, 2020New chief executive John T. McGrath becomes CEO¹⁵

Calendar

When it reported results

1. Nov 12, 2024Reported quarterly or annual results³⁸
2. Jul 31, 2024Reported quarterly or annual results³⁹
3. May 2, 2024Reported quarterly or annual results⁴³
4. Feb 29, 2024Reported quarterly or annual results⁴⁴
5. Nov 1, 2023Reported quarterly or annual results⁴⁵
6. Aug 2, 2023Reported quarterly or annual results⁴⁶
7. May 8, 2023Reported quarterly or annual results⁴⁷
8. Mar 7, 2023Reported quarterly or annual results⁴⁸

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

165 filings to the SEC since October 2021: 5 annual reports, 10 quarterly reports, 31 major events, 91 insider forms, 5 large holders, 23 other. The latest 20:

1. Apr 11, 202515-12G EDGAR
2. Apr 1, 20258-K EDGAR
3. Apr 1, 20254 EDGAR
4. Apr 1, 20254 EDGAR
5. Apr 1, 20254 EDGAR
6. Apr 1, 20254 EDGAR
7. Apr 1, 20254 EDGAR
8. Apr 1, 20254 EDGAR
9. Apr 1, 20254 EDGAR
10. Apr 1, 20254 EDGAR
11. Apr 1, 20254 EDGAR
12. Apr 1, 20254 EDGAR
13. Apr 1, 20254 EDGAR
14. Apr 1, 20254 EDGAR
15. Apr 1, 2025S-8 POS EDGAR
16. Apr 1, 2025S-8 POS EDGAR
17. Apr 1, 2025S-8 POS EDGAR
18. Apr 1, 2025S-8 POS EDGAR
19. Apr 1, 2025S-8 POS EDGAR
20. Apr 1, 2025SCHEDULE 13D/A EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 11 buys and 0 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Packaging Finance LtdSCHEDULE 13D/A, 3 filings Jun 28, 2022 to Apr 1, 2025⁴⁹
• TEACHERS ADVISORS, LLCSC 13G/A, 1 filing Feb 11, 2022⁵⁰
• TIAA CREF INVESTMENT MANAGEMENT LLCSC 13G/A, 1 filing Feb 11, 2022⁵¹

SEC filer profile

How Pactiv Evergreen Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARPactiv Evergreen Inc.¹
• CIK0001527508
• Employer ID (EIN)88-0927268⁴
• Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company⁴
• Incorporated inDelaware⁴
• Fiscal year endsDecember 31¹
• Industry code (SIC)2673 Plastics, Foil & Coated Paper Bags¹
• SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance¹
• Business address1900 W. Field Court, Lake Forest, IL 60045¹
• Phone(847) 482-7642¹
• Shares outstanding180,630,534 shares as of Feb 20, 2025⁴
• Public float$453.0M as of Jun 28, 2024⁴
• AuditorPricewaterhouseCoopers LLP, Chicago, Illinois PCAOB ID 238; it also attests to the company’s internal control over financial reporting⁴
• On EDGAR sinceNov 3, 2011¹
• Filings397 in all: 4 (119), 6-K (76), 8-K (53), 3 (18), 10-Q (13), IRANNOTICE (11), F-4/A (10), 20-F (8)¹
  All 47 form types

  EFFECT (6), 10-K (5), 4/A (5), S-8 (5), S-8 POS (5), UPLOAD (5), CORRESP (4), DEF 14A (4), DEFA14A (4), SD (4), 424B3 (3), F-4 (3), SC 13G (3), 20-F/A (2), 3/A (2), ARS (2), DRS/A (2), DRSLTR (2), S-1/A (2), SC 13G/A (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), CT ORDER (1), DEFM14C (1), DEL AM (1), DRS (1), FWP (1), POS AM (1), PRE 14A (1), PREM14C (1), S-1 (1), S-3 (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13D/A (1)

• Latest filingsAnnual report (10-K) Feb 25, 2025
  Quarterly report (10-Q) Nov 12, 2024
  Proxy statement (DEF 14A) Apr 19, 2024
  Latest 8-K (8-K) Apr 1, 2025

Securities registered for trading

From the cover page of the 10-K filed Feb 25, 2025 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks Pactiv Evergreen Inc. names in Item 1A of its 10-K filed Feb 25, 2025: 50 risks under these headings, as written.⁴

• Risks Relating to the Merger
• The Merger may not be completed within the expected timeframe, or at all, for a variety of reasons, including the possibility that the Merger Agreement is terminated, and the failure to complete the Merger could adversely affect our business, results of operations, financial condition, and the market price of our common stock.
• The announcement and pendency of the Merger may disrupt our business, and the Merger could divert management’s attention, disrupt our relationships with third parties and employees and result in negative publicity or legal proceedings, any of which could negatively impact our operating results and ongoing business.
• While the Merger Agreement is in effect, we are subject to certain interim covenants.
• The consideration to be paid to our stockholders in connection with the Merger will not be adjusted if the value of our business or assets changes before the Merger closes, and the Merger Agreement prevents us from pursuing alternatives to the Merger.
• We will incur significant costs in connection with the Merger that could materially adversely affect our liquidity, cash flows and operating results.
• Litigation may be filed against us or our Board challenging the Merger or the other transactions contemplated by the Merger Agreement, which could prevent or delay the completion of the Merger or result in the payment of damages.
• Our directors and executive officers have interests in the Merger that may be different from, or in addition to, the interests of our other stockholders.
• Although we have historically paid regular dividends on our common stock, the Merger Agreement prevents us from doing so during the pendency of the Merger and, even if the Merger Agreement is terminated and the Merger abandoned, our ability to do so in the future may be limited.
• Risks Relating to Our Business and Industry
• Fluctuations in raw material, energy and freight costs impact our business, financial condition and results of operations.
• If we fail to maintain satisfactory relationships with our major customers, our results of operations could be adversely affected.

Legal proceedings

Please refer to the disclosure under the heading “Legal Proceedings” in Note 14, Commitments and Contingencies, to our annual consolidated financial statements included in Part II, Item 8 of this report for a description of our material pending legal proceedings, which disclosure is incorporated by reference into this Item 3 of Part I.

The opening of Item 3, Legal Proceedings.⁴