BALL CORPORATION_November 10, 2025

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

November 10, 2025

Date of Report (Date of earliest event reported)

BALL CORPORATION

(Exact name of Registrant as specified in its charter)


Indiana	001-07349	35-0160610
(State of	(Commission	(IRS Employer
Incorporation)	File No.)	Identification No.)

9200 W. 108^th Circle, P.O. Box 5000, Westminster, CO 80021-2510

(Address of principal executive offices, including ZIP Code)

(303) 469-3131

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.	☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, without par value	BALL	NYSE

Ball Corporation

Current Report on Form 8-K

Dated November 10, 2025

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 10, 2025, Ball Corporation (the “Company” or “Ball”) announced that the board of directors of the Company (the “Board”) approved the appointment of Ronald J. Lewis as Chief Executive Officer of the Company and a member of the Board, effective immediately. In connection with Mr. Lewis’s appointment as Chief Executive Officer, the Board appointed Stuart A. Taylor II as Chairman of the Board and eliminated the Lead Independent Director position, effective immediately. Mr. Taylor previously served as Lead Independent Director since 2019.

Mr. Lewis, age 59, served as Senior Vice President, Chief Supply Chain and Operations Officer at Ball Corporation since January 2024. He previously served as Chief Operating Officer, Global Beverage Packaging from 2021 to 2024 and President, Beverage Packaging EMEA from 2019 to 2021. Before joining Ball in 2019, Mr. Lewis spent 19 years at Coca-Cola European Partners, Coca-Cola Enterprises, Inc. and The Coca-Cola Company, serving in various supply chain and procurement positions. Mr. Lewis holds an undergraduate degree from Montana State University-Bozeman and an MBA from Northwestern University Kellogg School of Management.

In connection with Mr. Lewis’s appointment, he will receive an initial base salary of $1,000,000 per year, and an annual cash incentive opportunity at a target of 150% of base salary, which will be prorated for fiscal year 2025. Commencing in the Company’s fiscal year 2026, Mr. Lewis will be eligible to receive annual equity awards with a target value of $7,000,000, pursuant to the terms of the Company’s shareholder approved equity plans.

On November 10, 2025, the Company announced that effective immediately, Daniel W. Fisher would no longer serve as the Company’s chief executive officer or as Chairman of the Board. Mr. Fisher’s departure is not related to any disagreement between Mr. Fisher and the Company. Mr. Fisher’s separation from the Company is a termination by the Company “without cause” for purposes of all plan benefits as well as contractual entitlements, including under Mr. Fisher’s severance benefit agreement with the Company.

There are no family relationships, as defined in Item 401 of Regulation S-K, between Mr. Lewis and any of the Company’s executive officers or directors or persons nominated or chosen to become a director or executive officer. Mr. Lewis has not engaged in any transaction with the Company during the last fiscal year, and does not propose to engage in any transaction, that would be reportable under Item 404(a) of Regulation S-K.

On November 10, 2025, the Company announced that the Board approved the appointment of Daniel Rabbitt, 57, as Chief Financial Officer, effective immediately.

Mr. Rabbitt has served as the Company’s interim Chief Financial Officer since May, 2025 and previously served as Senior Vice President for the Company where he oversaw the Corporate Planning & Development function, from 2016. During his tenure with the Company, he has successfully closed a number of strategic transactions. Most of his Ball career has been in executive management roles, working closely with Ball’s Chief Executive Officer and its Board of Directors. Prior to joining Ball, he was Chief Financial Officer and Co-Founder of Mountain Union Telecom, LLC.

In connection with Mr. Rabbitt’s appointment, he will receive an initial base salary of $700,000 per year, and an annual cash incentive opportunity at a target of 90% of base salary, which will be prorated for fiscal year 2025. Commencing in the Company’s fiscal year 2026, Mr. Rabbitt will be eligible to receive annual equity awards with a target value of 200% of base salary, pursuant to the terms of the Company’s shareholder approved equity plans.

There is no arrangement or understanding between Mr. Rabbitt and any other person pursuant to which Mr. Rabbitt was appointed as Chief Financial Officer of the Company. There is no family relationship between Mr. Rabbitt and any member of the Board of Directors or any executive officer of the Company, and there are no transactions between the Company and Mr. Rabbitt that require disclosure under Item 404(a) of Regulation S-K.

Item 7.01Regulation FD Disclosure

A copy of the Company’s press release relating to the announcement described in Item 5.02, dated November 10, 2025, is furnished as Exhibit 99.1 to this Form 8-K.

Item 9.01Financial Statements and Exhibits

Exhibits.

The following are furnished as exhibits to this report:


	Exhibit 99.1	Ball Corporation Press Release dated November 10, 2025
	Exhibit 104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

Ball Corporation

Form 8-K

November 10, 2025


EXHIBIT INDEX


Description		Exhibit


Ball Corporation Press Release dated November 10, 2025		99.1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	BALL CORPORATION
	(Registrant)


	By:	/s/ Hannah Lim-Johnson
		Hannah Lim-Johnson
		Title: Senior Vice President and Chief Legal Officer

Date: November 10, 2025

Exhibit 99.1

Bradford Walton
415-254-7168, [email protected]

News Release

For Immediate Release

www.ball.com

Investor Contact: Brandon Potthoff
303-460-2120, [email protected]

Media Contact: Courtney Reynolds

[email protected]

Ball Corporation Announces Board and Leadership Transitions

Ronald J. Lewis appointed CEO, effective immediately

Stuart A. Taylor II elected Chairman of the Board

Daniel J. Rabbitt appointed Chief Financial Officer

WESTMINSTER, Colo., Nov. 10, 2025 – Ball Corporation (NYSE: BALL) today announced that the Company’s Board of Directors has appointed Ronald J. Lewis as Chief Executive Officer and a member of the Board of Directors, effective immediately. Lewis succeeds Daniel W. Fisher, who is stepping down from his role. The departure is not related to any disagreement with the company. Stuart A. Taylor II, Ball’s Lead Independent Director, has been elected Chairman of the Board.

“On behalf of the Board, I’d like to thank Dan Fisher for his leadership and many contributions to Ball through the years. Dan has helped guide the company through challenging external conditions, and today Ball is well-positioned to achieve its 2025 objectives,” said Taylor. “Looking ahead, we are confident that Ron is the right leader to advance Ball’s strategy, and strengthen our culture and market leadership. With his strategic vision, commitment to operational excellence, deep understanding of Ball’s business and strong customer relationships, Ball will continue to grow and deliver value for our customers, employees and shareholders. We are proud to name Ron as the 13th CEO in Ball’s 145-year history.”

Lewis has served as Ball’s Chief Supply Chain and Operations Officer since 2024, overseeing the company’s global manufacturing, supply chain, procurement, engineering and operational excellence functions across its global network. Since joining Ball in 2019 as President of the Europe, Middle East and Asia beverage business, Lewis has been instrumental in advancing the company’s operational transformation and growth strategy. He has played a key role in strengthening customer relationships and growing the business and has led key initiatives to enhance end-to-end supply chain agility, optimize global production capacity and implement industry-leading innovative technologies. Before joining Ball, Lewis was Chief Supply Chain Officer at Coca-Cola EuroPacific Partners and held several senior leadership roles in the Coca-Cola system. Earlier in his career, he held various supply chain, procurement, trading and risk management roles at Mars Incorporated and Cargill.

“It is an honor to step into the CEO role and continue building on Ball’s rich history of innovation, deep customer relationships and disciplined growth,” said Lewis. “I look forward to working with our talented team to deliver value for our customers, shareholders and communities.”

Taylor is a private investor who has served on the Board of Directors of Ball since 1999, acted as Presiding Director from 2004 to 2008 and was elected Lead Independent Director in 2019. He brings extensive experience in investment banking, mergers and acquisitions, entrepreneurial investment, strategic leadership and governance experience to the boardroom.

Exhibit 99.1

Ball also announced the appointment of Daniel J. Rabbitt as Chief Financial Officer. Rabbitt, who has served as interim CFO since May, brings more than two decades of experience in corporate strategy, planning and financial leadership. Since joining Ball in 2004, he has held a variety of senior roles, including vice president and general manager of Ball’s aerosol business, and most recently as senior vice president of corporate planning and development.

“Dan Rabbitt has consistently delivered results and demonstrated leadership across his many roles at Ball,” said Taylor. “His deep understanding of our business, commitment to our values and strong financial expertise make him the right leader for our finance organization.”

Taylor added, “With these leadership additions and the recent appointment of John Panichella to the Board, Ball is well positioned for the future.”

The company reaffirms its previously issued full-year comparable diluted earnings per share growth outlook of 12-15%, and is positioned to generate strong free cash flow, increase EVA and continue long-term return of value to shareholders in 2025.

About Ball Corporation

Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers. Ball Corporation employs 16,000 people worldwide and reported 2024 net sales of $11.80 billion, which excludes the divested aerospace business. For more information, visit www.ball.com, or connect with us on LinkedIn or Instagram.

Forward-Looking Statement

This release contains "forward-looking" statements concerning future events and operational performance, relating to our plans, strategies, objectives, commitments and guidance. Words such as "will," "continue" and similar expressions typically identify forward looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements, and they should be read in conjunction with, and qualified in their entirety by, these cautionary statements. Ball undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in Ball's Form 10-K.