Fortune 500 and global insurance security leader joins Token’s board of CISOs and government security leaders as Cryptographic Biometric Identity Assurance becomes the control point for both human and AI authorization.
ROCHESTER, N.Y.--(BUSINESS WIRE)--Token, the biometric identity assurance company, today announced the appointment of Torrell Funderburk to its Industry Advisory Board. A two-time Top Global CISO, Funderburk has led enterprise security for Sealed Air (NYSE: SEE), a Fortune 500 company, and for Maestro Health, an AXA subsidiary – bringing frontline CISO experience to a board that guides Token’s response to the threats facing the world’s most critical organizations.
"Torrell has built and defended security programs at Fortune 500 scale, across some of the most demanding regulatory environments there are." -- Kevin Surace, Token CEO
Share Token’s Industry Advisory Board is composed of senior cybersecurity executives, CISOs, and government security leaders responsible for protecting some of the world’s most critical organizations and infrastructure.
The appointment comes at a defining moment for enterprise security. Credential compromise remains the leading cause of enterprise breaches, and AI has made the problem structurally worse – phishing, deepfakes, and social engineering now operate at machine speed, while the credentials underneath have not fundamentally changed. As enterprises move AI agents from advisory roles into operational workflows, a second question has emerged: who, exactly, approves the high-consequence actions those agents are now capable of taking? Token recently extended its biometric architecture in response to that question, placing hard gates around actions such as releasing funds, changing access rights, or modifying production systems – so that an AI agent can prepare the work, but only a verified, physically present human can approve the outcome.
Token’s cryptographic biometric identity assurance proves the human, not just the credential. Rather than layering factors onto weak credential foundations, Token binds both access and approval to a verified, physically present person through on-device biometric authentication enforced on secure hardware. The TokenCore product line–including the TokenCore Wearable, TokenCore Portable, and TokenCore Node – integrates with existing IAM, SSO, and PAM infrastructure. It does not replace the identity stack; it completes it.
“The CISOs and security leaders on our Industry Advisory Board live with the consequences of identity failure every day, and that perspective is exactly what shapes where we take this technology,” said Kevin Surace, CEO of Token. “Torrell has built and defended security programs at Fortune 500 scale, across some of the most demanding regulatory environments there are. As the question shifts from ‘who logged in’ to ‘who approved this action – a human or an agent,’ his judgment is exactly the kind we want guiding us.”
Funderburk’s career spans industrial automation software engineering, cyber architecture, and enterprise security leadership across the manufacturing, healthcare, and financial services sectors. He is the founder and CEO of Overspace, a cyber resilience company he launched in 2025 that is pioneering Quantified Resilience as a new category for measuring and managing systemic cyber risk. A recognized voice on cyber resilience and modern security programs, he has spoken at RSA Conference and CES, and his writing has appeared in CSO Online. He serves on the AI Advisory Board at Furman University and is based in Charlotte, North Carolina.
About Token
Token provides biometric-assured identity solutions for enterprises that need to stop credential theft, phishing, social engineering, and account takeover at the point of access. Token products combine biometric fingerprint verification, secure hardware, FIDO2 and WebAuthn authentication, and wireless ease of use to ensure that only the right person can access critical systems. Token protects workforce access across modern enterprise applications, identity providers, and cloud platforms.
Founded in 2014 and backed by Grand Oaks Capital, Token delivers secure, passwordless authentication solutions that help organizations reduce identity-based risk and strengthen workforce security. For more information, visit www.tokencore.com.
Shares of Sealed Air Corporation (NYSE: SEE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average
Callodine Capital Management LP lifted its stake in shares of Sealed Air Corporation (NYSE: SEE) by 688.6% during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 473,161 shares of the industrial products company's stock after buying an additional 413,161 shares during the
What happenedAccording to an SEC filing dated Feb. 17, 2026, Ancora Advisors LLC sold 3,435,692 shares of Sealed Air (SEE +0.00%) during the fourth quarter of 2025. Based on the stock’s average closing price during the quarter, the estimated transaction value was $129 million.
What else to knowThe fund reduced its SEE holding to just 1,720 shares -- a rounding error of a position -- representing 0% of 13F AUM as of Dec. 31, 2025, down from roughly 2.4% before the sale.Top holdings after the filing:NASDAQ:LKQ: $241.7 million (5.1% of AUM)NASDAQ:AVGO: $151.5 million (3.2% of AUM)NASDAQ:AAPL: $150.3 million (3.2% of AUM)NYSE:COLD: $148.3 million (3.1% of AUM)NYSEMKT:VOO: $126.5 million (2.7% of AUM)As of Mar. 19, 2026, shares of Sealed Air were priced at $41.92, up 43.3% over the past year, outperforming the S&P 500 by 25.6 percentage points over that stretch.Company overviewMetricValuePrice (as of market close 3/19/26)$41.92Market Capitalization$6.2 billionRevenue (TTM)$5.4 billionNet Income (TTM)$505.5 millionCompany snapshotOffers packaging materials, automation equipment, and protective packaging solutions for food safety, shelf-life extension, and product protection across global markets.Generates revenue by selling integrated packaging systems and related services directly to food processors and through distributors to e-commerce, industrial, and healthcare clients.Serves food processors, manufacturers, logistics partners, e-commerce businesses, and consumer goods companies worldwide.Sealed Air is a global leader in packaging solutions, specializing in food safety, automation, and protective packaging. With a diversified product portfolio and established brands such as CRYOVAC and BUBBLE WRAP, the company addresses critical needs in food preservation and secure product delivery. Its scale and innovation-driven strategy position it as a key partner for customers seeking to optimize efficiency and reduce waste in supply chains.
What this transaction means for investorsWhen an institutional investor cuts a $129 million position down to essentially nothing, it raises a natural question: does Ancora know something the market doesn't? The short answer is: not necessarily. Institutional managers routinely trim or exit positions for reasons unrelated to a company's fundamentals -- portfolio rebalancing, client redemptions, tax-loss harvesting, or a simple shift in strategy. The fact that Sealed Air shares were actually up roughly 43% over the past year makes this look less like a bearish call and more like profit-taking or a rotation into other ideas.
That said, Ancora’s near-complete exit is notable. It's one thing to trim a position; it's another to go from roughly 2.4% of your fund's assets to a rounding error. But Ancora also maintained large positions in its top holdings after this filing -- suggesting the firm is simply concentrating capital in other ideas, not expressing a broad worry about the market.
Sealed Air itself remains a global packaging leader with established brands and exposure to durable end markets including food safety and e-commerce. The company's automation solutions and integrated packaging systems give it recurring revenue characteristics that appeal to long-term investors. Whether Ancora's exit signals a ceiling for SEE shares or simply reflects one firm's portfolio priorities is a question worth asking -- but for investors watching from the sidelines, it's a reminder that big institutional moves don't always point to fundamental trouble. Sometimes the biggest sellers are just moving on.
Andy Gould has positions in Apple. The Motley Fool has positions in and recommends Apple and Vanguard S&P 500 ETF and is short shares of Apple. The Motley Fool recommends Broadcom and LKQ. The Motley Fool has a disclosure policy.
, /PRNewswire/ -- Sealed Air Corporation ("Sealed Air" or the "Company") (NYSE: SEE) today announced that it has received all regulatory approvals required to complete the Company's pending acquisition by funds affiliated with CD&R. The transaction is expected to close in April 2026, subject to the satisfaction of remaining customary closing conditions.
"The receipt of all regulatory approvals brings us another step closer to completing the transaction with CD&R and embarking on the next phase of innovation and growth at Sealed Air," said Dustin Semach, President and Chief Executive Officer of Sealed Air. "With this milestone complete, we are focused on finalizing the remaining closing conditions and completing the transaction in the coming weeks."
Upon completion of the transaction, Sealed Air will become a privately held company, and its common stock will no longer be traded on the New York Stock Exchange.
About Sealed Air
Sealed Air Corporation (NYSE: SEE), is a leading global provider of packaging solutions that integrate sustainable, high-performance materials, automation, equipment and services. Sealed Air designs, manufactures and delivers packaging solutions that preserve food, protect goods and automate packaging processes. We deliver our packaging solutions to an array of end markets including fresh proteins, foods, fluids and liquids, medical and life science, e-commerce retail, logistics and omnichannel fulfillment operations, and industrials. Our globally recognized solution brands include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, LIQUIBOX® brand liquids systems, AUTOBAG® brand automated packaging systems, and BUBBLE WRAP® brand packaging. In 2025, Sealed Air generated $5.4 billion in net sales and has approximately 16,100 employees who serve customers in 119 countries/territories.
This communication includes certain "forward-looking statements" 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'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 proposed transaction (the "Transaction") involving Sealed Air, Sword Purchaser, LLC and Sword Merger Sub, Inc. 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 "expect," "anticipate," "intend," "aim," "plan," "believe," "could," "seek," "see," "should," "will," "may," "would," "might," "considered," "potential," "predict," "projection," "estimate," "forecast," "continue," "likely," "target" 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's control, that could cause actual results to differ materially from those expressed in any forward-looking statements.
These risks, uncertainties, assumptions and other important factors that might materially affect such forward-looking statements include, but are not limited to: (i) 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; (ii) 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; (iii) the risk of any litigation relating to the Transaction; (iv) 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's operating results and business generally; (v) the risk that the Transaction and its announcement could have adverse effects on the market price of the Company's common stock; (vi) the possibility that the parties to the Transaction may not achieve some or all of any anticipated benefits with respect to the Company's business and the Transaction may not be completed in accordance with the parties' expected plans or at all; (vii) the risk that restrictions on the Company's conduct during the pendency of the Transaction may impact the Company's ability to pursue certain business opportunities; (viii) the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (ix) 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; (x) the risk that the Company's stock price may decline significantly if the Transaction is not consummated; (xi) the Company's ability to raise capital and the terms of those financings; (xii) the risk posed by legislative, regulatory and economic developments affecting the Company's business; (xiii) 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; (xiv) changes in consumer preferences and demand patterns that could adversely affect the Company's sales, profitability and productivity; (xv) the effects of animal and food-related health issues on the Company's business; and (xvi) the other risk factors and cautionary statements described in the Company's Annual Report on Form 10-K for the year ended December 31, 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.
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JPMorgan JPM is running into some friction on a $7.2 billion debt deal tied to Clayton Dubilier & Rice's takeover of Sealed Air SEE , as investors start to push back on the structure.
The financing is meant to support CD&R's $10.3 billion all-cash acquisition of Sealed Air at $42.15 per share. On paper, demand looks decent, with about $5 billion in orders. But when you look closer, it's uneven. The bond portion, around $2.45 billion, is getting solid interest, while the loan side, roughly $4.7 billion, is seeing a slower response.
The sticking point seems to be flexibility. Some investors are uncomfortable with clauses that could allow CD&R to spin off parts of Sealed Air's business after the deal closes, which could change the risk profile of what they're buying into.
There's also a bit of background noise here. The recent bankruptcy of Multi-Color, another CD&R portfolio company, is making some buyers more cautious about the broader track record.
It has been about a month since the last earnings report for Sealed Air . Shares have added about 0.1% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Sealed Air due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Sealed Air Corporation before we dive into how investors and analysts have reacted as of late.
SEE Q4 Earnings Surpass Estimates, CD&R Merger to Close Mid-2026Sealed Air reported fourth-quarter 2025 adjusted earnings per share (EPS) of 77 cents, surpassing the Zacks Consensus Estimate of 72 cents. The bottom line increased 2.7% year over year, driven by higher adjusted EBITDA and lower operating costs, reflecting productivity benefits and lower interest expense. These gains were partly offset by higher depreciation and amortization expenses as well as increased adjusted tax expense.
Including special items, the company delivered EPS from continuing operations of 30 cents compared with the breakeven results last quarter.
Sealed Air’s Q4 Sales Up Y/Y Despite Low VolumesTotal sales were $1.4 billion, which beat the Zacks Consensus Estimate of $1.34 billion. The figure rose 2% year over year. Currency translation had a favorable 2.8% impact, while pricing was slightly unfavorable at 0.2% and volumes declined 0.5%.
SEE’s Q4 Gross Margin Dips Y/Y, EBITDA Shows Slight GrowthCost of sales was up 3.8% year over year to $1 billion. The gross profit was $398 million, which marked a 2% dip from the year-ago quarter’s $407 million. The gross margin was 28.4%, a 120-basis point contraction from the year-ago quarter.
Selling, general and administrative expenses (SG&A) expenses were $199 million, up 5.3% from the year-ago quarter. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $278 million, up 2.7% from the year-ago period. The adjusted EBITDA margin was 19.8%, slightly up from the prior-year quarter’s 19.7%.
The improvement reflected lower operating costs driven by productivity benefits and favorable impacts from currency translation. These gains were partially offset by unfavorable net price realization in both the Food and Protective segments and lower volumes in Food.
Sealed Air’s Segment Performances in Q4Food: Net sales increased 1.6% year over year to around $937 million. Pricing actions had no impact, while volumes declined 1.4%. Foreign currency had a favorable impact of 3%. Adjusted EBITDA was around $202 million, down 2.7% from the last-year quarter on lower volumes and unfavorable net price realization, partially offset by lower operating costs and favorable impacts from currency translation.
Protective: The segment reported net sales of $464 million, up 3% from the year-ago quarter.
Pricing had a negative impact of 0.5% and volumes rose 1.3% year over year. The segment’s adjusted EBITDA increased 21% year over year to $80.5 million, driven by lower operating costs, partially offset by unfavorable net price realization.
SEE’s Cash Flow & Balance Sheet UpdatesCash flow generated from operating activities was around $628 million in 2025 compared with $728 million in the prior year.
As of Dec. 31, 2025, Sealed Air’s total debt was $4.1 billion compared with $4.4 billion as of Dec. 31, 2024. As of the end of 2025, the company had $1.4 billion in liquidity available, which comprised $344 million in cash and $1.06 billion in undrawn, committed credit facilities.
Sealed Air’s Performance in 2025For 2025, Sealed Air reported adjusted EPS of $3.34 (up 6% year over year) and also beat the Zacks Consensus Estimate of $3.29. Lower interest expense and higher adjusted EBITDA, partially offset by a higher diluted share count and increased depreciation and amortization expense, led to the improvement.
Including special items, the company delivered EPS from continuing operations of $2.99 compared with $1.83 in 2024.
Total sales dipped 0.6% year over year to $5.36 billion, but beat the Zacks Consensus Estimate of $5.3 billion. Pricing had no impact and volumes declined 1.2% year over year, while currency had a favorable impact of 0.6%. Our model predicted an unfavorable impact of 0.3% from pricing and a year-over-year volume decline of 1.6%.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.
VGM ScoresCurrently, Sealed Air has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a score of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of this revision looks promising. Notably, Sealed Air has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
, /PRNewswire/ -- Diebold Nixdorf Inc. (NYSE: DBD) will replace Sealed Air Corp. (NYSE: SEE) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, April 10. Clayton, Dubilier & Rice LLC is acquiring Sealed Air in a deal expected to be completed April 9.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date
Index Name
Action
Company Name
Ticker
GICS Sector
April 10, 2026
S&P SmallCap 600
Addition
Diebold Nixdorf
DBD
Information Technology
April 10, 2026
S&P SmallCap 600
Deletion
Sealed Air
SEE
Materials
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NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, April 24, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.
