<SEC-DOCUMENT>0001193125-25-284753.txt : 20251117
<SEC-HEADER>0001193125-25-284753.hdr.sgml : 20251117
<ACCEPTANCE-DATETIME>20251117165631
ACCESSION NUMBER:		0001193125-25-284753
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251117
DATE AS OF CHANGE:		20251117

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SEALED AIR CORP/DE
		CENTRAL INDEX KEY:			0001012100
		STANDARD INDUSTRIAL CLASSIFICATION:	PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				650654331
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12139
		FILM NUMBER:		251491697

	BUSINESS ADDRESS:	
		STREET 1:		2415 CASCADE POINTE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28208
		BUSINESS PHONE:		980-221-3235

	MAIL ADDRESS:	
		STREET 1:		2415 CASCADE POINTE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28208

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WR GRACE & CO/DE
		DATE OF NAME CHANGE:	19961015

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRACE HOLDING INC
		DATE OF NAME CHANGE:	19960805
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d15175ddefa14a.htm
<DESCRIPTION>DEFA14A- CUSTOMER SUPPLIER NOTE
<TEXT>
<HTML><HEAD>
<TITLE>DEFA14A- Customer Supplier Note</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<Center><DIV STYLE="width:8.5in" align="left">
<DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;
</DIV><DIV STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center><DIV STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</DIV></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Proxy
Statement Pursuant to Section&nbsp;14(a) of the </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center><DIV STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</DIV></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by the Registrant&#8194;&#9746; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by a Party other
than the Registrant&#8194;&#9744; </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Preliminary Proxy Statement </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9744;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Confidential, for Use of the Commission Only (as permitted by Rule
<FONT STYLE="white-space:nowrap">14a-6(e)(2))</FONT> </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Definitive Proxy Statement </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Definitive Additional Materials </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9746;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting Material under <FONT STYLE="white-space:nowrap">&#167;240.14a-12</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>Sealed Air Corporation </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Registrant as Specified in its Charter) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>N/A </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Person(s)
Filing Proxy Statement, if Other Than the Registrant) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Payment of Filing Fee (Check all boxes that apply): </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9746;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">No fee required </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Fee paid previously with preliminary materials </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules
<FONT STYLE="white-space:nowrap">14a-6(i)(1)</FONT> and <FONT STYLE="white-space:nowrap">0-11</FONT> </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;
</DIV><DIV STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following email was sent by Dustin Semach, President and Chief Executive Officer of Sealed Air
Corporation, to customers of Sealed Air Corporation on November&nbsp;17, 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>To:</B> Customer </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>From: </B>Dustin Semach </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Subject: </B>Important Update
&#8211; Sealed Air To Be Acquired by CD&amp;R </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Valued Customer, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I am reaching out to share some important news. Earlier today we announced that Sealed Air has entered into an agreement to be acquired by CD&amp;R, a leading
private investment firm with deep experience in the packaging and industrial sectors. For more details, please refer to our press release here &lt;hyperlink&gt;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have been working hard to transform our business to better serve you. With CD&amp;R as our partner, we expect to accelerate that transformation by
enhancing our ability to invest in growing our Food and Protective businesses, while maintaining our customer-first approach. Their support will enable more rapid innovation, expanded&nbsp;capabilities&nbsp;and broader reach, helping us deliver even
greater value to you. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The transaction is expected to close in <FONT STYLE="white-space:nowrap">mid-2026,</FONT> subject to the receipt of stockholder
approval, regulatory clearances and the satisfaction of other customary closing conditions. In the meantime, we remain fully focused on delivering the quality products and level of exceptional service that you expect from Sealed Air. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As always, we thank you for your partnership&nbsp;and trust, and we look forward to building an even stronger future together. If you have any questions,
please reach out to your local Sealed Air sales representative. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dustin Semach </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">President&nbsp;&amp; CEO </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Important Information and Where to Find It </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
communication is being made in respect of the proposed transaction (the &#8220;Transaction&#8221;) involving Sealed Air Corporation (&#8220;Sealed Air,&#8221; the &#8220;Company&#8221; or &#8220;us&#8221;), Sword Purchaser, LLC and Sword Merger Sub,
Inc. The Transaction will be submitted to the Company&#8217;s stockholders for their consideration and approval at a special meeting of the Company&#8217;s stockholders. In connection with the Transaction, the Company expects to file with the
Securities and Exchange Commission (the &#8220;SEC&#8221;) a proxy statement on Schedule 14A (the &#8220;Proxy Statement&#8221;), the definitive version of which (if and when available) will be sent or provided to the Company&#8217;s stockholders
and will contain important information about the Transaction and related matters. The Company may also file other relevant documents with the SEC regarding the Transaction.&nbsp;This communication is not a substitute for the Proxy Statement or any
other document that the Company may file with the SEC. BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE TRANSACTION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE
FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION, THE RISKS RELATED
THERETO AND RELATED MATTERS.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investors and security holders may obtain free copies of the Proxy Statement and other documents containing important
information about the Company and the Transaction that are filed or will be filed with the SEC by the Company when they become available at the SEC&#8217;s website at&nbsp;www.sec.gov or the Company&#8217;s website at www.sealedair.com. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Participants in the Solicitation </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company and
certain of its directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitation of proxies from the Company&#8217;s stockholders in connection with the
Transaction. Information regarding the Company&#8217;s directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, is contained in the definitive proxy statement for the 2025
annual meeting of stockholders, which was filed with the SEC on April&nbsp;17, 2025 (the &#8220;2025 Annual Meeting Proxy Statement&#8221;), and will be available in the Proxy Statement. To the extent holdings of the Company&#8217;s securities by
such directors or executive officers (or the identity of such directors or executive officers) have changed since the information set forth in the 2025 Annual Meeting Proxy Statement, such information has been or will be reflected on the Initial
Statements of Beneficial Ownership on Form 3 or Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC. Additional information regarding the interests of the Company&#8217;s directors and executive officers in the Transaction
will be included in the Proxy Statement if and when it is filed with the SEC. You may obtain free copies of these documents using the sources indicated above. </P>
</DIV></Center>


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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Cautionary Statement Regarding Forward-Looking Statements </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This communication includes certain &#8220;forward-looking statements&#8221; within the meaning of, and subject to the safe harbor created by, the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company&#8217;s current expectations, estimates and projections about future events, which are subject to change. Any statements as to the expected timing,
completion and effects of the Transaction or that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements may be
identified by the use of words such as &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;aim,&#8221; &#8220;plan,&#8221; &#8220;believe,&#8221; &#8220;could,&#8221; &#8220;seek,&#8221; &#8220;see,&#8221;
&#8220;should,&#8221; &#8220;will,&#8221; &#8220;may,&#8221; &#8220;would,&#8221; &#8220;might,&#8221; &#8220;considered,&#8221; &#8220;potential,&#8221; &#8220;predict,&#8221; &#8220;projection,&#8221; &#8220;estimate,&#8221;
&#8220;forecast,&#8221; &#8220;continue,&#8221; &#8220;likely,&#8221; &#8220;target&#8221; or similar expressions. By their nature, forward-looking statements address matters that involve risks and uncertainties because they relate to events and
depend upon future circumstances that may or may not occur. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties, assumptions and other important factors, many of which are outside
the Company&#8217;s control, that could cause actual results to differ materially from those expressed in any forward-looking statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These risks,
uncertainties, assumptions and other important factors that might materially affect such forward-looking statements include, but are not limited to: (i)&nbsp;the timing, receipt and terms and conditions of any required governmental and regulatory
approvals of the Transaction that could reduce anticipated benefits or cause the parties to abandon the Transaction; (ii)&nbsp;the possibility that the Company&#8217;s stockholders may not approve the Transaction; (iii)&nbsp;the occurrence of any
event, change or other circumstance that could give rise to the termination of the merger agreement entered into pursuant to the Transaction; (iv)&nbsp;the risk that the parties to the merger agreement may not be able to satisfy the conditions to
the Transaction in a timely manner or at all; (v)&nbsp;the risk of any litigation relating to the Transaction; (vi)&nbsp;the risk that the Transaction and its announcement could have an adverse effect on the ability of the Company to retain
customers and retain and hire key personnel and maintain relationships with customers, suppliers, employees, stockholders and other business relationships and on the Company&#8217;s operating results and business generally; (vii)&nbsp;the risk that
the Transaction and its announcement could have adverse effects on the market price of the Company&#8217;s common stock; (viii)&nbsp;the possibility that the parties to the Transaction may not achieve some or all of any anticipated benefits with
respect to the Company&#8217;s business and the Transaction may not be completed in accordance with the parties&#8217; expected plans or at all; (ix)&nbsp;the risk that restrictions on the Company&#8217;s conduct during the pendency of the
Transaction may impact the Company&#8217;s ability to pursue certain business opportunities; (x)&nbsp;the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events;
(xi)&nbsp;the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, including in circumstances requiring the Company to pay a termination fee; (xii)&nbsp;the risk that the
Company&#8217;s stock price may decline significantly if the Transaction is not consummated; (xiii)&nbsp;the Company&#8217;s ability to raise capital and the terms of those financings; (xiv)&nbsp;the risk posed by legislative, regulatory and
economic developments affecting the Company&#8217;s business; (xv)&nbsp;general economic and market developments and conditions, including with respect to federal monetary policy, federal trade policy, sanctions, export restrictions, interest rates,
interchange rates, labor shortages, supply chain issues, changes in raw material pricing and availability; energy costs; and environmental matters; (xvi)&nbsp;changes in consumer preferences and demand patterns that could adversely affect the
Company&#8217;s sales, profitability and productivity; (xvii)&nbsp;the effects of animal and food-related health issues on the Company&#8217;s business; and (xviii)&nbsp;the other risk factors and cautionary statements described in the
Company&#8217;s Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2024, the Company&#8217;s Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the quarter ended
September&nbsp;30, 2025, and other documents filed by the Company with the SEC. The above list of factors is not exhaustive or necessarily in order of importance. These forward-looking statements speak only as of the date they are made, and the
Company does not undertake to, and specifically disclaims any obligation to, update any forward-looking statements, whether in response to new information, future events, or otherwise, except as required by applicable law. </P>
</DIV></Center>


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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following email was sent by Dustin Semach, President and Chief Executive Officer of Sealed Air
Corporation, to suppliers and partners of Sealed Air Corporation on November&nbsp;17, 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>To:</B> Supplier/Partner </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>From: </B>Dustin Semach </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Subject: </B>Important Update
&#8211; Sealed Air To Be Acquired by CD&amp;R </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Valued Supplier, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I am reaching out to share some important news. Earlier today we announced that&nbsp;Sealed Air has agreed to be&nbsp;acquired&nbsp;by&nbsp;CD&amp;R, a
leading private investment firm with deep experience in the packaging and industrial sectors. For more details, please refer to our press release &lt;hyperlink&gt;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have been working hard to transform our business to better serve our customers. As a valued supplier, you play an important role in helping us deliver
high-quality solutions to the industries and communities we serve. With CD&amp;R as our partner, we expect to accelerate that transformation by enhancing our ability to invest in growing our Food and Protective businesses. Their support will enable
more rapid innovation, expanded capabilities and broader reach. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The transaction is expected to close in <FONT STYLE="white-space:nowrap">mid-2026,</FONT>
subject to stockholder approval, regulatory approvals and customary closing conditions. In the meantime, we are committed to partnering together to ensure we remain focused on delivering the world-class equipment, materials and service our customers
expect from Sealed Air. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As always, we thank you for your partnership, and we look forward to building an even stronger future together. If you have any
questions, please reach out to your Sealed Air partner. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dustin Semach </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">President&nbsp;&amp; CEO </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Important Information and Where to Find It </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
communication is being made in respect of the proposed transaction (the &#8220;Transaction&#8221;) involving Sealed Air Corporation (&#8220;Sealed Air,&#8221; the &#8220;Company&#8221; or &#8220;us&#8221;), Sword Purchaser, LLC and Sword Merger Sub,
Inc. The Transaction will be submitted to the Company&#8217;s stockholders for their consideration and approval at a special meeting of the Company&#8217;s stockholders. In connection with the Transaction, the Company expects to file with the
Securities and Exchange Commission (the &#8220;SEC&#8221;) a proxy statement on Schedule 14A (the &#8220;Proxy Statement&#8221;), the definitive version of which (if and when available) will be sent or provided to the Company&#8217;s stockholders
and will contain important information about the Transaction and related matters. The Company may also file other relevant documents with the SEC regarding the Transaction.&nbsp;This communication is not a substitute for the Proxy Statement or any
other document that the Company may file with the SEC. BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE TRANSACTION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE
FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION, THE RISKS RELATED
THERETO AND RELATED MATTERS.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investors and security holders may obtain free copies of the Proxy Statement and other documents containing important
information about the Company and the Transaction that are filed or will be filed with the SEC by the Company when they become available at the SEC&#8217;s website at&nbsp;www.sec.gov or the Company&#8217;s website at www.sealedair.com. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Participants in the Solicitation </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company and
certain of its directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitation of proxies from the Company&#8217;s stockholders in connection with the
Transaction. Information regarding the Company&#8217;s directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, is contained in the definitive proxy statement for the 2025
annual meeting of stockholders, which was filed with the SEC on April&nbsp;17, 2025 (the &#8220;2025 Annual Meeting Proxy Statement&#8221;), and will be available in the Proxy Statement. To the extent holdings of the Company&#8217;s securities by
such directors or executive officers (or the identity of such directors or executive officers) have changed since the information set forth in the 2025 Annual Meeting Proxy Statement, such information has been or will be reflected on the Initial
Statements of Beneficial Ownership on Form 3 or Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC. Additional information regarding the interests of the Company&#8217;s directors and executive officers in the Transaction
will be included in the Proxy Statement if and when it is filed with the SEC. You may obtain free copies of these documents using the sources indicated above. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Cautionary Statement Regarding Forward-Looking Statements </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This communication includes certain &#8220;forward-looking statements&#8221; within the meaning of, and subject to the safe harbor created by, the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company&#8217;s current expectations, estimates and projections about future events, which are subject to change. Any statements as to the expected timing,
completion and effects of the Transaction or that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements may be
identified by the use of words such as &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;aim,&#8221; &#8220;plan,&#8221; &#8220;believe,&#8221; &#8220;could,&#8221; &#8220;seek,&#8221; &#8220;see,&#8221;
&#8220;should,&#8221; &#8220;will,&#8221; &#8220;may,&#8221; &#8220;would,&#8221; &#8220;might,&#8221; &#8220;considered,&#8221; &#8220;potential,&#8221; &#8220;predict,&#8221; &#8220;projection,&#8221; &#8220;estimate,&#8221;
&#8220;forecast,&#8221; &#8220;continue,&#8221; &#8220;likely,&#8221; &#8220;target&#8221; or similar expressions. By their nature, forward-looking statements address matters that involve risks and uncertainties because they relate to events and
depend upon future circumstances that may or may not occur. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties, assumptions and other important factors, many of which are outside
the Company&#8217;s control, that could cause actual results to differ materially from those expressed in any forward-looking statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These risks,
uncertainties, assumptions and other important factors that might materially affect such forward-looking statements include, but are not limited to: (i)&nbsp;the timing, receipt and terms and conditions of any required governmental and regulatory
approvals of the Transaction that could reduce anticipated benefits or cause the parties to abandon the Transaction; (ii)&nbsp;the possibility that the Company&#8217;s stockholders may not approve the Transaction; (iii)&nbsp;the occurrence of any
event, change or other circumstance that could give rise to the termination of the merger agreement entered into pursuant to the Transaction; (iv)&nbsp;the risk that the parties to the merger agreement may not be able to satisfy the conditions to
the Transaction in a timely manner or at all; (v)&nbsp;the risk of any litigation relating to the Transaction; (vi)&nbsp;the risk that the Transaction and its announcement could have an adverse effect on the ability of the Company to retain
customers and retain and hire key personnel and maintain relationships with customers, suppliers, employees, stockholders and other business relationships and on the Company&#8217;s operating results and business generally; (vii)&nbsp;the risk that
the Transaction and its announcement could have adverse effects on the market price of the Company&#8217;s common stock; (viii)&nbsp;the possibility that the parties to the Transaction may not achieve some or all of any anticipated benefits with
respect to the Company&#8217;s business and the Transaction may not be completed in accordance with the parties&#8217; expected plans or at all; (ix)&nbsp;the risk that restrictions on the Company&#8217;s conduct during the pendency of the
Transaction may impact the Company&#8217;s ability to pursue certain business opportunities; (x)&nbsp;the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events;
(xi)&nbsp;the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, including in circumstances requiring the Company to pay a termination fee; (xii)&nbsp;the risk that the
Company&#8217;s stock price may decline significantly if the Transaction is not consummated; (xiii)&nbsp;the Company&#8217;s ability to raise capital and the terms of those financings; (xiv)&nbsp;the risk posed by legislative, regulatory and
economic developments affecting the Company&#8217;s business; (xv)&nbsp;general economic and market developments and conditions, including with respect to federal monetary policy, federal trade policy, sanctions, export restrictions, interest rates,
interchange rates, labor shortages, supply chain issues, changes in raw material pricing and availability; energy costs; and environmental matters; (xvi)&nbsp;changes in consumer preferences and demand patterns that could adversely affect the
Company&#8217;s sales, profitability and productivity; (xvii)&nbsp;the effects of animal and food-related health issues on the Company&#8217;s business; and (xviii)&nbsp;the other risk factors and cautionary statements described in the
Company&#8217;s Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2024, the Company&#8217;s Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the quarter ended
September&nbsp;30, 2025, and other documents filed by the Company with the SEC. The above list of factors is not exhaustive or necessarily in order of importance. These forward-looking statements speak only as of the date they are made, and the
Company does not undertake to, and specifically disclaims any obligation to, update any forward-looking statements, whether in response to new information, future events, or otherwise, except as required by applicable law. </P>
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