NEWELL BRANDS INC
For the period ended May 9, 2024. Filed Mar 27, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 9, 2024 · Filed Mar 27, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant
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Filed by a party other than the Registrant
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Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
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| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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| ☒ | Definitive Proxy Statement |
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| ☐ | Definitive Additional Materials |
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| ☐ | Soliciting Material under § 240.14a-12 |
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(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required |
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| ☐ | Fee paid previously with preliminary materials |
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| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
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NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
To Be Held On May 9, 2024
To the Stockholders of NEWELL BRANDS INC.:
You are cordially invited to attend the annual meeting of stockholders of NEWELL BRANDS INC. (the “Company”) to be held on May 9, 2024, at 9:00 a.m., Eastern Time (the “Annual Meeting”) at The Westin Atlanta Perimeter North, 7 Concourse Parkway, NE, Atlanta, GA 30328. We anticipate that the meeting will be heldin-person.
At the Annual Meeting, you will be asked to:
| l | Elect eight directors of the Company nominated by the Board of Directors; |
| l | Ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; |
| l | Vote on an advisory resolution to approve named executive officer compensation; |
| l | Vote to approve an amendment to the Newell Brands Inc. 2022 Incentive Plan; |
| l | Vote to approve an amendment to the Company’s Restated Certificate of Incorporation to include an officer exculpation provision; and |
| l | Transact such other business as may properly come before the Annual Meeting and any adjournment or postponement of the Annual Meeting. |
Only stockholders of record at the close of business on March 12, 2024 may vote at the Annual Meeting or any adjournment or postponement thereof.
Whether or not you plan to attend the Annual Meeting, please act promptly to vote your shares with respect to the proposals described above. You may vote your shares by marking, signing and dating the enclosed proxy card and returning it in the postage-paid envelope provided. You also may vote your shares by telephone or through the Internet by following the instructions set forth on the proxy card. If you attend the Annual Meeting, you may vote your shares in person, even if you have previously submitted a proxy in writing, by telephone or through the Internet.
We appreciate your continued confidence in our Company and look forward to having you join us at 9:00 a.m., Eastern Time on May 9, 2024.
By Order of the Board of Directors,
Bradford Turner
Chief Legal and Administrative Officer and Corporate Secretary
March 27, 2024
Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to Be Held on May 9, 2024.
The Company’s Proxy Statement and 2023 Annual Report to Stockholders are available at WWW.PROXYVOTE.COM
| Section | Page |
|---|---|
| Ø Questions and Answers About Voting at the Annual Meeting and Related Matters | 1 |
| Ø Proxy Statement Summary | 7 |
| Ø Proposal 1 – Election of Directors | 11 |
| Ø Information Regarding Board of Directors and Committees and Corporate Governance | 16 |
| Ø Certain Relationships and Related Transactions | 27 |
| Ø Compensation Committee Interlocks and Insider Participation | 29 |
| Ø Compensation and Human Capital Committee Report | 30 |
| Ø Executive Compensation | 31 |
| Ø Certain Beneficial Owners | 91 |
| Ø Audit Committee Report | 93 |
| Ø Proposal 2 – Ratification of Appointment of Independent Registered Public Accounting Firm | 94 |
| Ø Proposal 3 – Advisory Resolution to Approve Named Executive Officer Compensation | 95 |
| Ø Proposal 4 – Approval of an Amendment to the Newell Brands Inc. 2022 Incentive Plan | 96 |
| Ø Equity Compensation Plan Information | 108 |
| Ø Proposal 5 – Approval of an Amendment to the Company’s Restated Certificate of Incorporation to Include an Officer Exculpation Provision | 109 |
| Ø Other Business | 110 |
| Ø Appendix A – Newell Brands Inc. 2022 Incentive Plan (As Amended May 9, 2024) | A-1 |
| Ø Appendix B – Amendment to Restated Certificate of Incorporation of Newell Brands Inc. | B-1 |
6655 Peachtree Dunwoody Road, Atlanta, Georgia 30328
PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 9, 2024
You are receiving this Proxy Statement (the “Proxy Statement”) and proxy card in connection with the 2024 annual meeting of stockholders (the “Annual Meeting”) of Newell Brands Inc. (“Newell” or the “Company”) to be held in anin-person meeting format, at 9:00 a.m., Eastern Time, on May 9, 2024 at The Westin Atlanta Perimeter North, 7 Concourse Parkway, NE, Atlanta, GA 30328.
Proxy materials or a Notice of Internet Availability of Proxy Materials (the “Notice”) are being first released or mailed to stockholders on or about March 27, 2024. In accordance with rules and regulations adopted by the U.S. Securities and Exchange Commission (the “SEC”), the Company may furnish proxy materials by providing Internet access to those documents, instead of mailing a printed copy of the Company’s proxy materials to each stockholder of record. The Notice contains instructions on how to access our proxy materials and vote online, or alternatively, request a paper copy of the proxy materials and a proxy card.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.