Dan Fisher won’t be leaving Ball Corp. empty-handed.
The former CEO and chairman of the Westminster-based company, who was fired from his post on Monday, is leaving the aluminum can titan with a $6.5 million severance package, according to filings with the Securities and Exchange Commission.
The company did not give a reason for the termination, although it said in a news release the firing was “without cause” for purposes of severance.
Fisher started as CEO in 2022 and became chairman of the board in 2023. He joined Ball in 2010.
His salary last year was $12.3 million, making him one of the highest-paid public company CEOs in Colorado. That number was 156 times the $79,128 median earnings of Ball employees, according to SEC filings.
Fisher’s wife, Trista Fisher, also spent 15 years with Ball, though she left the manufacturer in February after a stint as vice president of global business services, according to her LinkedIn account. Her salary last year was $610,000, filings show.
Dan Fisher still owns 152,848 shares of Ball stock, according to filings. Those were worth $7.1 million at the end of trading Wednesday, when shares closed at $46.47.
Shares of Ball stock dropped 4.3% to $46.41 on Monday, when Fisher’s termination was announced minutes after trading started. The stock rebounded slightly Tuesday, closing at $47.25, before dipping back down Wednesday. Ball’s shares are trading near a five-year low.
Fisher was replaced by Ronald Lewis, who had been the chief supply chain and operations officer at Ball since January 2024. Lewis’s annual base salary will be $1 million with a $1.5 million incentive-based bonus, according to the company. He also will be eligible for $7 million in annual stock awards.
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