Anthony Allott
About Anthony Allott
Anthony J. Allott, age 60, is a Class III director of Silgan Holdings Inc. (SLGN) who has served on the board since 2006 and has been non-executive Chairperson since April 2022; he previously served as executive Chair (2019–2022), CEO (2006–2021), President (2004–2019), COO (2005–2006), and EVP/CFO (2002–2004) at Silgan . Prior roles include SVP/CFO, VP/Treasurer at Applied Extrusion Technologies; Corporate Controller at Ground Round Restaurants; and earlier experience as a certified public accountant with Deloitte & Touche LLP . He serves on Sealed Air Corporation’s board (NYSE: SEE) since October 2024 and is co-founder/partner at Waypoint Investors, LLC; he also sits on a private company board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Silgan Holdings Inc. | Chairperson of the Board (non-executive) | Apr 2022–present | Presides over board; leadership split from CEO |
| Silgan Holdings Inc. | Chairperson (executive) | Apr 2019–Mar 2022 | Oversaw board during executive capacity |
| Silgan Holdings Inc. | Chief Executive Officer | Mar 2006–Aug 2021 | Led strategic and operational execution |
| Silgan Holdings Inc. | President | Aug 2004–Mar 2019 | Executive leadership |
| Silgan Holdings Inc. | Chief Operating Officer | May 2005–Mar 2006 | Operations leadership |
| Silgan Holdings Inc. | EVP & CFO | May 2002–Aug 2004 | Corporate finance leadership |
| Applied Extrusion Technologies, Inc. | SVP & CFO; VP & Treasurer | 1994–1996 (VP/Treasurer); 1996 onward (SVP/CFO) | Packaging finance leadership |
| Ground Round Restaurants | Corporate Controller & Director of Financial Reporting | 1992–1994 | Financial reporting leadership |
| Deloitte & Touche LLP | Certified Public Accountant | Pre-1992 | Audit/accounting expertise |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Sealed Air Corporation (NYSE: SEE) | Director | Oct 2024–present | Board service in packaging solutions; committee roles not disclosed |
| Waypoint Investors, LLC | Co-founder & Partner | Ongoing | Investment/board advisory |
| Private Company (unnamed) | Director | Ongoing | Board service |
Board Governance
- Independence: Not listed among SLGN’s “independent directors”; independent directors are Abramson, Donovan, Lich, Nielsen, Ramdev; nominee Shannon Miller qualifies as independent .
- Committee assignments: Audit, Compensation, and Nominating Committees comprise all independent directors; Allott is not a member of these committees .
- Chair role: Board leadership split; Chair and CEO roles held by different individuals; Allott leads the board with deep company/industry experience .
- Attendance: Board met 5 times and acted by written consent 5 times in 2024; each director attended at least 75% of board and applicable committee meetings .
- Executive sessions: Non-management directors and independent directors meet at each quarterly board meeting; no presiding director is appointed for these sessions .
Fixed Compensation
| Component | Amount/Terms | Notes |
|---|---|---|
| Annual board cash retainer (non-employee directors) | $110,000 | Plus reimbursed expenses |
| Audit Committee member fee | $12,000 annually | Per committee member |
| Compensation Committee member fee | $12,000 annually | Per committee member |
| Committee chair fee (Audit/Comp/Nominating) | $25,000 annually | For each committee chair |
| Annual equity-based director award | $125,000 fair value | Restricted shares or RSUs; granted after annual meeting; vest on next annual meeting date |
| Non-executive Chair retainer | $130,000 annually | Additional chair fee |
| Year | Role | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Other ($) | Total ($) |
|---|---|---|---|---|---|
| 2024 | Non-executive Chair | 130,000 | 0 | 0 | 130,000 |
- 2024 employee compensation: In addition to his chair fee, Allott continued as a company employee providing advisory services, receiving $110,000 salary, $911 in group term life insurance premiums, and an award of 2,800 RSUs granted March 1, 2024 with grant-date fair value of $122,934; effective April 1, 2025 he retired as an employee and became eligible for annual director equity awards thereafter .
Performance Compensation
Directors’ annual equity awards are time-based (restricted shares or RSUs) that vest on the next annual meeting date; performance metrics are not applied to director equity grants . Executive equity awards (for context) use Adjusted EBITDA-based performance criteria and minimum performance thresholds, with vesting over multi-year schedules; these are administered by the Compensation Committee and include dividend equivalents paid upon vesting .
| Award Type | Grant Date | Units/Shares | Grant-Date Fair Value | Vesting | Notes |
|---|---|---|---|---|---|
| Director annual RSU award (typical) | First business day after annual meeting | 2,712 RSUs (example for other directors) | $124,955 (example) | Single installment at next annual meeting | Allott did not receive director RSUs in 2024 due to employee status |
| Employee RSU (Allott) | Mar 1, 2024 | 2,800 RSUs | $122,934 | Not specified | Granted under Stock Incentive Plan while an employee |
Policies affecting performance pay and governance:
- Clawback policy (NYSE Section 954): Adopted Nov 1, 2023; recovery of erroneously awarded incentive compensation to executive officers for three fiscal years preceding a required restatement .
- Stock ownership guidelines: Directors must hold 5× the $110,000 cash retainer; CEO 6× base salary; other NEOs 3×; five-year transition period to comply .
- Anti-hedging and anti-pledging: Prohibits hedging transactions and pledging or margin purchases of SLGN equity by directors and officers .
Other Directorships & Interlocks
| Company | Sector | Relationship | Potential Conflict Consideration |
|---|---|---|---|
| Sealed Air Corporation (NYSE: SEE) | Packaging solutions | Director since Oct 2024 | Industry adjacency to SLGN (packaging); monitoring of any supplier/customer relationships or competitive overlaps is warranted; no specific related-party transaction disclosed for Allott |
| Waypoint Investors, LLC | Investment | Partner/co-founder | Not a disclosed related party to SLGN |
| Private Company (unnamed) | — | Director | Not a disclosed related party to SLGN |
The proxy notes ordinary-course raw material purchases in 2024 with two companies where a director served as an executive or a director/investor; none were related-party transactions requiring Audit Committee approval, and the directors did not direct purchases; specific individuals were not named .
Expertise & Qualifications
- Deep packaging industry and executive leadership experience across CEO, President, COO, CFO roles at SLGN .
- Finance expertise as former CFO and CPA; Deloitte audit background .
- External perspective from SEE board and investment activities via Waypoint Investors .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Anthony J. Allott | 448,663 | <1% (asterisk denotes <1%) | Direct ownership |
- Ownership guidelines: Directors must hold equity equal to 5× the annual cash retainer; applies to all equity holdings with 5-year transition for new directors .
- Trading restrictions: Insider trading policy with trading windows and pre-clearance; prohibits trading on material non-public information .
- Anti-hedging/pledging: Directors prohibited from hedging or pledging SLGN stock .
Insider Trades (last two years)
| Date | Transaction | Security | Shares | Price | Source |
|---|---|---|---|---|---|
| Mar 1, 2024 | Grant (RSU award) | RSUs under Stock Incentive Plan | 2,800 | — | Proxy footnote and Form 4 summary ; |
| Mar 4, 2024 | Tax withholding (Form 4) | Common Stock (settlement of RSUs) | 20,710 (approx.) | $43.91 (summary) | Transaction summary page ; Form 4 XML (2024) |
| May 16, 2025 | Open market sale (S) | Common Stock | 81,152 | ~$4,000,000 total | Insider tracker summary |
| May 28, 2025 | Form 4 filed | — | — | — | SEC Form 4 filing record |
Note: Some third-party summaries provide aggregated figures; exact pricing and share-level details should be verified directly against the SEC Form 4 filings linked above.
Governance Assessment
- Board effectiveness: Allott brings unparalleled company-specific and industry expertise and serves as non-executive Chair, while independent directors populate all key committees; this separation can enhance oversight, but chair independence is limited given recent employee status .
- Independence and conflicts: He is not classified as independent and remained an employee through March 31, 2025; effective April 1, 2025 he retired as employee. Industry interlock via SEE (packaging) warrants monitoring for competitive or transactional overlaps; proxy discloses no related-party transactions involving him .
- Engagement and attendance: Minimum 75% attendance across board/committees; quarterly executive sessions of non-management and independent directors with no presiding director; suggests regular engagement but no lead independent structure .
- Compensation alignment: Director pay is modest and primarily fixed cash with time-based equity; as chair, he received $130k in 2024 and no director RSUs due to employee status (he did receive 2,800 RSUs as an employee). Post-retirement, he is eligible for the standard director RSU grant; stock ownership guidelines and anti-hedging/pledging policies support alignment .
- Shareholder signals: Say-on-pay support was ~98% in 2024, and the Compensation Committee uses an independent consultant (Meridian) with no conflicts reported, reinforcing governance credibility .
RED FLAGS:
- Not independent while serving as Chair; dual employee/chair status through March 2025 could constrain independent oversight perceptions .
- Industry interlock with Sealed Air (packaging) requires vigilance for competitive sensitivities; however, no related-party transactions tied to him were disclosed .
Positive signals:
- Strong attendance and structured independent director sessions each quarter .
- Robust ownership/trading, anti-hedging/pledging, and clawback policies; clear director stock ownership guidelines .
- Independent directors fully staff Audit, Compensation, and Nominating Committees; independent consultant engaged by Compensation Committee .
Overall: Allott’s deep operating and financial background is an asset for board oversight, but his non-independent chair status and recent employee role merit continued monitoring for governance optics; policy frameworks (ownership guidelines, anti-hedging, clawback) and high say-on-pay support mitigate investor concerns .