Berry Global Shareholders Approve Merger, Compensation and Adjournment Proposals; Certara Posts Strong Q4 2024 Results

Berry Global Group, Inc. reported on February 25, 2025, that its stockholders approved three key proposals at a special meeting. In a vote detailed in the company’s recent SEC Form 8‑K filing, shareholders approved the merger proposal, a non‑binding advisory compensation proposal, and a proposal authorizing the adjournment of the meeting if necessary.

The merger proposal—which would adopt an Agreement and Plan of Merger among Berry Global, Amcor plc and its wholly‑owned subsidiary Aurora Spirit, Inc.—received overwhelming support with 95,065,449 votes in favor, 1,588,182 against and 52,005 abstentions. The advisory compensation proposal, related to executive compensation in connection with the proposed merger, passed with 60,400,526 votes for, 36,184,465 votes against and 120,645 abstentions. Additionally, the proposal to approve the adjournment of the special meeting was voted in favor by 89,920,225 shareholders against 6,669,337 opposing votes, with 116,074 abstentions. According to the filing, adjournment was not necessary as sufficient votes had been recorded to approve the merger proposal. A definitive proxy statement outlining these proposals was previously filed with the Securities and Exchange Commission on January 23, 2025.

In an attached exhibit to the filing, Certara, Inc.—a global leader in model‑informed drug development—released its fourth-quarter 2024 financial results along with full‑year 2025 guidance. Certara reported Q4 revenue of $100.4 million, a 14% improvement over the fourth quarter of 2023. The breakdown showed software revenue of $42.3 million, reflecting a 26% increase, and services revenue of $58.1 million, up 7% year‑over‑year. The company recorded a net income of $6.6 million during the period compared to a net loss in the corresponding quarter of the prior year, and its adjusted EBITDA increased by 13% to $33.5 million. Looking ahead to 2025, Certara anticipates full‑year revenue in the range of $415 million to $425 million, with projected adjusted EBITDA margins between 30% and 32% and adjusted diluted earnings per share forecast between $0.42 and $0.46. The company is set to discuss these results during a conference call scheduled for February 26, 2025.

Both filings include extensive cautionary statements regarding forward‑looking information, noting that actual results could differ due to risks and uncertainties inherent in market and operational conditions.

The Berry Global special meeting and the attached Certara earnings release underscore ongoing corporate strategies and market‐driven performance updates as both companies navigate their respective business initiatives.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Berry Global Group’s 8K filing here.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.