Anthony Allott
SEALED AIR CORP/DEAbout Anthony J. Allott
Anthony J. Allott (age 60) joined Sealed Air’s Board in October 2024 and is nominated for re‑election in 2025. He is currently not assigned to Board committees (SEE’s practice is to wait ~1 year before assigning new directors). Allott is a long‑tenured packaging operator and finance executive: Chairperson and former CEO of Silgan Holdings; prior CFO roles in packaging; and an early career as a CPA at Deloitte. He holds a BS in business administration from Boston University and is deemed independent by SEE’s Board under NYSE standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Silgan Holdings Inc. | Chairperson of the Board | 2019–present | Oversight of strategy and governance at a global packaging company |
| Silgan Holdings Inc. | Chief Executive Officer | 2006–2021 | Led growth and operations in global packaging |
| Silgan Holdings Inc. | President | 2004–2019 | Senior operating leadership |
| Silgan Holdings Inc. | Chief Operating Officer | 2005–2006 | Operations leadership |
| Silgan Holdings Inc. | EVP & Chief Financial Officer | 2002–2004 | Corporate finance leadership |
| Applied Extrusion Technologies, Inc. | SVP & Chief Financial Officer | 1996–2002 | Flexible packaging finance leadership |
| Applied Extrusion Technologies, Inc. | Vice President & Treasurer | 1994–1996 | Corporate treasury |
| Ground Round Restaurants | Corporate Controller & Director of Financial Reporting | 1992–1994 | Financial reporting |
| Deloitte & Touche LLP | Certified Public Accountant | Prior to 1992 | Audit/accounting credentials |
External Roles
| Organization | Role | Public/Private | Tenure | Notes |
|---|---|---|---|---|
| Silgan Holdings Inc. | Director; Chairperson | Public | Director since 2006; Chair since 2019 | Global packaging company |
| Waypoint Investors, LLC | Co‑founder & Partner | Private | Ongoing | Serves in a director capacity for invested private companies |
Board Governance
- Independence: The Board determined Allott is independent under NYSE and SEE standards .
- Committee assignments: None in 2024; SEE’s practice is ~1 year before committee placement for new directors .
- Attendance: In 2024, the Board held 5 meetings; each current director attended at least 90% of Board and relevant Committee meetings; all then‑serving directors attended the 2024 Annual Meeting .
- Committee structure and meeting cadence (2024): Audit (7), N&CG (5), P&C (5); all standing Committees comprise independent directors .
- Board leadership: Independent Chair (Henry R. Keizer) with strong governance emphasis and regular executive sessions of independent directors .
- Nomination process: Allott was identified via referral (Mr. Ahmad), vetted by a third‑party search firm, and recommended by the N&CG Committee before appointment in Oct 2024 .
Fixed Compensation
| Component (2024) | Amount ($) | Notes |
|---|---|---|
| Fees Earned or Paid in Cash | 73,333 | Pro‑rated interim retainer paid in cash from Oct 1, 2024 appointment date |
| Stock Awards (Grant‑date Fair Value) | 106,674 | Pro‑rated stock retainer paid in shares (not stock units) on Oct 1, 2024 |
| Total | 180,008 | Sum of cash and equity retainer |
| SEE Director Compensation Structure (2024) | Cash ($) | Stock ($) |
|---|---|---|
| Annual Retainer – Independent Chair | 179,000 | 260,000 |
| Annual Retainer – Other Directors | 110,000 | 160,000 |
| Committee Chair Fees – Audit | 25,000 | — |
| Committee Chair Fees – P&C | 20,000 | — |
| Committee Chair Fees – N&CG | — | — (Chair receives no chair fee) |
| Committee Member Fees – Audit | 10,000 | — |
| Committee Member Fees – P&C | 10,000 | — |
| Committee Member Fees – N&CG | 7,500 | — |
Additional director provisions and alignment mechanisms:
- Retainer shares are fully vested but subject to transfer restrictions while serving; gifts permitted if beneficial ownership retained; restrictions lift upon specified change‑in‑control events .
- Director education fee: $2,000 per day; reimbursement of Board/Committee meeting expenses .
- Deferred Compensation Plan: Option to defer stock portion (to stock units) and cash portion (to interest‑bearing cash account at prime minus 50 bps); dividend equivalents credited on stock units; distribution post‑retirement in lump sum or five installments .
Performance Compensation
- Non‑employee directors are compensated via retainers and fees; no performance‑based incentive metrics (e.g., PSUs/options) are disclosed for directors. SEE’s performance metrics discussed in the proxy apply to executive officers (NEOs), not to non‑employee directors .
Other Directorships & Interlocks
| Company | Role | Committee Roles | Potential Interlock/Overlap |
|---|---|---|---|
| Silgan Holdings Inc. | Director; Chairperson | Not disclosed in SEE proxy | Sector overlap: Silgan is a global packaging company; SEE operates in packaging; monitor for competitive information‑flow conflicts and recusals as needed |
- Compensation Committee Interlocks: SEE’s 2024 P&C Committee comprised Ahmad, Berryman, Colpron, Lawton; no interlocks or insider participation disclosed; Allott was not a member in 2024 .
Expertise & Qualifications
- Deep packaging sector leadership (CEO, President, COO at Silgan) and finance experience (CFO roles) .
- CPA background at Deloitte; BS in business administration from Boston University .
- Investor/operator experience via Waypoint Investors (private investments), adding capital allocation and board‑level oversight credentials .
Equity Ownership
| Item | Value | Notes |
|---|---|---|
| Shares Beneficially Owned | 5,960 | As of March 31, 2025; <1% of outstanding |
| Ownership as % of Shares Outstanding | <1% | Per beneficial ownership table |
| Deferred Stock Units | — | Table lists DSUs for other directors; not shown for Allott |
| Director Ownership Guideline | $550,000 | 5x cash retainer for other directors (Chair: $895,000) |
| Guideline Compliance Status | In initial 5‑year period | Directors have 5 years to achieve; Allott is within allowed period |
| Hedging/Pledging Policy | Prohibited | Applies to all directors and executive officers |
| Retainer Share Transfer Restriction | In place while serving | Fully vested but restricted from transfer/encumbrance during service |
Governance Assessment
- Independence and oversight: Allott is independent and joined via a robust, third‑party vetted process, aligning with governance best practices. Early tenure explains lack of committee assignments; SEE’s practice is to onboard for ~1 year pre‑committee, which supports effectiveness without over‑boarding risks .
- Attendance/engagement: Board met 5 times in 2024; each current director attended ≥90% of applicable meetings and attended the annual meeting, indicating high engagement norms .
- Alignment mechanisms: Director ownership guidelines (5x cash retainer) and retainer‑share transfer restrictions strengthen skin‑in‑the‑game; Allott is within the guideline’s 5‑year compliance window after joining .
- Compensation structure: Director pay is fixed retainers with equity (at least 50% in shares) and committee fees; no performance pay for directors, which reduces pay‑for‑performance misalignment risks but places emphasis on ownership guidelines and equity retainers for alignment .
- Conflicts/related‑party exposure: The proxy discloses a related‑person transaction with The Vanguard Group (office lease; ~$2.3M paid in 2024) but does not indicate transactions involving Allott. Given Allott’s role as Chair at Silgan (also in packaging), investors should monitor for industry overlap and potential competitive information‑flow risks; SEE’s independence standards and related‑person policy, along with committee oversight, provide controls .
- Shareholder signals: Independent Chair structure, regular executive sessions, and strong say‑on‑pay support (≈90% approval in 2024) reflect constructive governance and shareholder alignment; while say‑on‑pay applies to NEOs, it signals board oversight credibility that includes compensation governance .
RED FLAGS: None explicitly disclosed regarding Allott (no hedging/pledging, no related‑party transactions identified). Potential sector overlap due to Silgan chair role warrants ongoing monitoring for recusals and conflict management, especially if competitive or transactional matters arise .