Axalta Coating Systems Ltd
For the period ended Jun 4, 2025. Filed Apr 22, 2025.
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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.
Jun 4, 2025 · Filed Apr 22, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(RULE
14a-101)
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
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 Pursuant to §240.14a-12. |
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AXALTA COATING SYSTEMS LTD.
(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 2025 Annual General Meeting
of Members and Proxy Statement
Axalta Coating Systems Ltd.
Wednesday, June 4, 2025 at 10:00 a.m., eastern time
IMPORTANT NOTICE REGARDING AVAILABILITY OF PROXY MATERIALS FOR
THE ANNUAL GENERAL MEETING OF MEMBERS TO BE HELD ON JUNE 4, 2025:
The Notice of Internet Availability of Proxy Materials, Notice of Annual General
Meeting of Members, Proxy Statement and Annual Report are available at
www.proxydocs.com/AXTA
Dear Fellow Axalta Shareholders: 2024 was another strong year for Axalta. We demonstrated our ability to work together, align around our priorities and create value by executing on our 2026 A Plan. Our global team collectively achieved records in both annual net sales and Adjusted EBITDA. We are committed to maintaining this momentum and continuing to drive our strategy to accelerate growth. We believe that we have built the foundation and now can unlock the value of Axalta as we remain committed to innovating smarter surface solutions for better living and a sustainable future. It is our pleasure to invite you to attend Axalta’s 2025 Annual General Meeting of Members, which will be held in person on June 4, 2025 at 10:00 a.m., eastern time, at our Corporate Headquarters & Global Innovation Center located in Philadelphia, Pennsylvania. You will find information regarding the matters to be voted upon in the attached Notice of 2025 Annual General Meeting of Members and Proxy Statement. We are sending our shareholders, referred to as “members” under Bermuda law, a notice regarding the availability of this Proxy Statement, our 2024 Annual Report to Members and other proxy materials via the Internet. This electronic process gives you fast, convenient access to the materials and reduces the impact on the environment and our printing and mailing costs. You may request a paper copy of these materials using one of the methods described in the Notice of 2025 Annual General Meeting of Members and Proxy Statement. Whether or not you are able to join the meeting, it is important that your common shares be represented and voted at the Annual General Meeting. Please follow the voting instructions provided in the Notice of Internet Availability of Proxy Materials. If you requested printed versions by mail, these printed proxy materials also include the proxy card or voting instruction form for the Annual General Meeting. Thank you for being a shareholder and for your support of our Company. Sincerely,
| Rakesh Sachdev Non-Executive Board Chair | Chris Villavarayan Chief Executive Officer and President |
AXALTA COATING SYSTEMS LTD.
1050 Constitution Avenue
Philadelphia, PA 19112
Notice of 2025 Annual General Meeting of Members
| Time and Date: 10:00 a.m., eastern time, on Wednesday, June 4, 2025 | Place: Axalta Corporate Headquarters & Global Innovation Center, 1050 Constitution Avenue, Philadelphia, PA 19112, U.S.A. |
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Who Can Vote:
Only holders of our common shares at the close of business on April 10, 2025, the record date, will be entitled to receive notice of, and to vote at, the Annual General Meeting.
Annual Report:
Our 2024 Annual Report to Members accompanies but is not part of this Proxy Statement.
Proxy Voting:
Your Vote is Important. Please vote your shares at your earliest convenience. This will ensure the presence of a quorum at the Annual General Meeting. Promptly voting your shares via the Internet, by telephone or by signing, dating and returning your proxy card or voting instruction form will save the Company the expense and extra effort of additional solicitation. If you wish to vote by mail, for those receiving printed copies of the proxy materials, we have enclosed an envelope, postage prepaid if mailed in the United States. Submitting your proxy now will not prevent you from voting your shares at the Annual General Meeting, as your proxy is revocable at your option. You may revoke your proxy at any time before it is voted by delivering to the Company a subsequently executed proxy or a written notice of revocation or by voting at the Annual General Meeting.
Items of Business:
| • | Election of nine directors to serve until the 2026 Annual General Meeting of Members; |
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| • | Appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm and auditor until the conclusion of the 2026 Annual General Meeting of Members and delegation of authority to the Board of Directors of the Company, acting through the Audit Committee, to set the terms and remuneration thereof; |
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| • | Non-binding advisory vote to approve the compensation of our named executive officers; and |
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| • | To transact any other business that may properly come before the Annual General Meeting. |
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Date of Mailing:
A Notice of Internet Availability of Proxy Materials or this Proxy Statement is first being mailed to shareholders on or about April 22, 2025.
BY ORDER OF THE BOARD OF DIRECTORS,
Sincerely,
Alex Tablin-Wolf
Senior Vice President, General Counsel &
Corporate Secretary
April 22, 2025
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.