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RPM INTERNATIONAL INC/DE/

For the period ended Oct 2, 2025. Filed Aug 21, 2025.

View on SEC.gov

About this filing

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.

Oct 2, 2025 · Filed Aug 21, 2025

RPM$103.31-2.0%Stored close · as of Nov 6, 2026
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Proxy Statement Summary

This summary highlights information contained elsewhere in this Proxy Statement and in the Company’s Annual Report on Form 10-K. For more complete information about these topics, please review the Company’s complete Proxy Statement and Annual Report on Form 10-K.

Meeting DetailsHow to Vote
DATE Thursday, October 2, 2025BY PHONE Call 1-800-690-6309 by 11:59 PM, Eastern Daylight Time, on October 1, 2025 for shares held directly or 11:59 PM, Eastern Daylight Time, on September 29, 2025 for shares held in a Plan
TIME 1:30 PM, Eastern Daylight TimeBY MAIL Sign, date and return your proxy card or voting instruction form by October 1, 2025
VIRTUAL MEETING Online at www.virtualshareholdermeeting.com/RPM2025BY TABLET OR SMARTPHONE Online at www.virtualshareholdermeeting.com/RPM2025
RECORD DATE Shareholders of record on the close of business on August 8, 2025 are entitled to vote at the 2025 Annual Meeting.BY INTERNET Using your computer visit proxyvote.com until 11:59 PM, Eastern Daylight Time, on October 1, 2025 for shares held directly or 11:59 PM, Eastern Daylight Time, on September 29, 2025 for shares held in a Plan or vote online on October 2, 2025 during the Annual Meeting at: www.virtualshareholdermeeting.com/RPM2025

Voting Recommendations

Proposals · Board Recommendation · Page
1To elect nine Directors to serve on the BoardFOR each Director12
2To hold a non-binding, advisory vote to approve the Company’s executive compensationFOR32
3To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the current fiscal year ending May 31, 2026FOR73

2 2025 Proxy Statement

RPM International Inc.

RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. RPM has a diverse portfolio of market-leading brands, including Rust-Oleum, DAP, The Pink Stuff, Zinsser, Varathane, Day-Glo, Stonhard, Carboline, Tremco and Dryvit. From homes and workplaces to infrastructure and precious landmarks, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The Company employs approximately 17,800 individuals worldwide.

The Company’s consolidated net sales, net income, diluted earnings per share and cash provided by operating activities for the fiscal year ended May 31, 2025, were as follows:

•Consolidated net sales increased 0.5% to $7.37 billion in fiscal 2025 from $7.33 billion in fiscal 2024;
•Net income attributable to RPM International Inc. stockholders increased 17.0% to a record $688.7 million in fiscal 2025 from $588.4 million in fiscal 2024;
•Diluted earnings per share increased 17.3% to a record $5.35 in fiscal 2025 from $4.56 in fiscal 2024; and
•Cash provided by operating activities was $768.2 million, the second highest amount in the Company’s history, surpassed only by the prior year when there was a large working capital release as supply chains normalized.

Increased Cash Dividend Every Year for 51 Consecutive Years

On October 3, 2024, the Board of Directors increased the quarterly dividend on shares of the Company’s Common Stock to $0.51 per share, an increase of 10.9% from the prior year and the highest ever paid by the Company. With a 51-year track record of a continuously increasing cash dividend, the Company is in an elite category of less thanone-half of one percent of all publicly traded U.S. companies to have increased the dividend for this period of time or longer, according to Dividend Radar. Only 41 other publicly traded U.S. companies, besides the Company, have consecutively paid an increasing annual dividend for a longer period of time. During this timeframe, the Company has returned approximately $3.7 billion in cash dividends to its stockholders.

MAP 2025 Officially Concludes

In August 2022, the Company approved and announced its Margin Achievement Plan (“MAP”) 2025, a multi-year restructuring plan to build on the achievements of the Company’s successful Margin Acceleration Plan to Growth and designed to improve margins by streamlining business processes, reducing working capital, implementing commercial initiatives to drive improved mix and sales force effectiveness and improving operating efficiency. MAP 2025 focused on commercial initiatives, operational efficiencies, and procurement. MAP 2025 officially concluded on May 31, 2025, although incremental benefits are expected to be realized in fiscal 2026. During MAP 2025, using fiscal 2022 as a baseline and through fiscal 2025, the Company expanded gross margins by 510 basis points, adjusted Earnings Before Interest and Taxes (“EBIT”)* margins by 260 basis points and improved working capital as a percentage of sales (the total net accounts receivable plus inventories less accounts payable, all divided by trailing 12-month sales) by 320 basis points. In each year of MAP 2025, the Company achieved record results despite a challenging macroeconomic environment and merger and acquisition activity below historical levels. The achievements of our MAP initiatives are a testament to the dedication and collaboration of our 17,800 associates and position us for future growth and success.

Stock Repurchase Program

During the fiscal year ended May 31, 2025, the Company repurchased 581,759 shares of Common Stock under this program at a cost of approximately $70.0 million, or an average cost of $120.32 per share. During the fiscal year ended May 31, 2024, the Company repurchased 526,113 shares of Common Stock under this program at a cost of approximately $55.0 million, or an average cost of $104.50 per share. During the fiscal year ended May 31, 2023, the Company repurchased 598,653 shares of Common Stock under this program at a cost of approximately $50.0 million, or an average cost of $83.52 per share. The maximum dollar amount that may yet be repurchased under the repurchase program was approximately $192.3 million at May 31, 2025.

Additional information regarding the Company’s stock repurchase program can be found in Note I of the Notes to Consolidated Financial Statements of the Company’s Annual Report on Form 10-K.

*Please see Appendix A to this Proxy Statement for a reconciliation of our Net Income, which is a financial measure presented under generally accepted accounting principles in the United States (“GAAP”) to our Adjusted EBIT, which is a non-GAAP financial measure.

Building a Better World Program and Oversight Committee

The Company’s ongoing commitment to a sustainable future is grounded in its Building a Better World program – ensuring sustainability is integrated into how the Company innovates its products, cares for its people and operates its business on a daily basis. More information on progress and sustainability goals can be found at https://www.rpminc.com/sustainability. In an effort to better align with its financial reporting, during fiscal 2026, the Company intends to transition most sustainability reporting to fiscal year from calendar year.

The Company’s Building a Better World Oversight Committee supports the Company’son-going commitment, consistent with the Company’s code of conduct set forth in The Values & Expectations of 168, to responsibly serve the Company’s stakeholders on matters such as the environment, health and safety, corporate social responsibility, diversity and inclusion, corporate governance, sustainability, climate change, regulatory compliance and other public policy trends, issues and concerns. Staffed by a cross-functional committee chaired by the Company’s Vice President – Investor Relations & Sustainability, the Building a Better World Oversight Committee’s duties and responsibilities include:

•Overseeing the Company’s sustainability program;
•Determining which ESG risks and opportunities are of strategic significance to the Company as a whole, and recommending policies, practices and disclosures relating to same to the Chief Executive Officer and the Board of Directors;
•Reporting to the Governance and Nominating Committee of the Board of Directors concerning ESG matters; and
•Developing frameworks to monitor the Company’s compliance with ESG matters.

4 2025 Proxy Statement

Corporate Governance

The Company is committed to meeting high standards of ethical behavior, corporate governance and business conduct. This commitment has led the Company to implement the following practices:

Board IndependenceEleven of the twelve current Directors are independent under the Company’s Corporate Governance Guidelines and NYSE listing standards. All members of the Audit Committee, the Compensation Committee and the Governance and Nominating Committee are independent.
Independent Directors MeetingsIndependent Directors meet in executive sessions each year in January, April and July, without management present.
Lead DirectorOne independent Director serves as Lead Director.
Declassified BoardAt our 2024 Annual Meeting of Stockholders, our stockholders approved an amendment to our Amended and Restated Certificate of Incorporation to declassify our Board.
Majority Voting for DirectorsIn an uncontested election, any nominee for Director who receives more votes “withheld” from his or her election than votes “for” such election is expected to tender his or her resignation for prompt consideration by the Governance and Nominating Committee and by the Board of Directors.
Director TenureThe average tenure of our independent Directors will be 9.0 years as of the date of the Annual Meeting, and seven of our eleven independent Directors have joined the Board of Directors since 2015.
Stock Ownership Guidelines for Directors and Named Executive OfficersThe Company adopted stock ownership guidelines for Directors and named executive officers in 2012, and the Company increased the stock ownership guidelines for Directors in 2014 and named executive officers in 2022. Each of the Directors and named executive officers satisfies the stock ownership guidelines or is within the grace period provided by the stock ownership guidelines to achieve compliance.
Annual Board and Chief Executive Officer Self-EvaluationsEach year, the Governance and Nominating Committee of the Board of Directors administers self-evaluations of the Board of Directors and its committees, and the Compensation Committee of the Board of Directors administers an evaluation of the Chief Executive Officer.
Hedging and Pledging Transactions ProhibitedThe Company’s insider trading policy prohibits short sales, pledging and hedging transactions of shares of the Company’s Common Stock by Directors, officers and employees.
Performance-Based CompensationThe Company relies heavily on performance-based compensation for executive officers, including awards of performance-based restricted stock.
Double-Trigger Vesting ProvisionsThe Amended and Restated RPM International Inc. 2014 Omnibus Equity and Incentive Plan (the “2014 Omnibus Plan”) and the RPM International Inc. 2024 Omnibus Equity and Incentive Plan (the “2024 Omnibus Plan”) provide double-trigger vesting provisions for long-term equity awards.
Clawback PoliciesSince 2012, the Company has maintained a clawback policy (the “Clawback Policy”) under which the Board of Directors may require reimbursement of certain bonuses or incentive compensation awarded to an executive officer if, as the result of that executive officer’s misconduct, the Company is required to restate all or a portion of its financial statements. In addition to the Clawback Policy, in October 2023 the Board of Directors adopted the RPM International Inc. Incentive-Based Compensation Clawback Policy (the “NYSE Clawback Policy”) in accordance with NYSE listing standards. The NYSE Clawback Policy provides for the recovery of certain incentive-based compensation in the event of an Accounting Restatement (as defined in the NYSE Clawback Policy).
Chief Executive Officer Succession PlanningThe Company’s succession plan, which the Board of Directors reviews annually, addresses both an unexpected loss of the Chief Executive Officer as well as longer-term succession.
The Values & Expectations of 168The Company’s code of business conduct and ethics, entitled “The Values & Expectations of 168,” emphasizes individual responsibility and accountability, encourages reporting and dialogue about business practices, ethics, or integrity concerns, and focuses on the Company’s values of transparency, trust and respect.
Statement of Governance PolicyThe Board of Directors adopted our Statement of Governance Policy in 2016, which recognizes that conducting our business in conformity with The Values & Expectations of 168 is essential to advancing our fundamental objective of building long-term stockholder value.

See also “Information Regarding Meetings and Committees of the Board of Directors” at page 25 for further information on the Company’s governance practices. Additional information about our majority voting policy appears under the caption “Voting Rights” on page 11.

RPM INTERNATIONAL INC. STATEMENT OF GOVERNANCE POLICY

Our fundamental objective is to build long-term stockholder value by profitably growing our businesses and consistently delivering strong financial performance. We think that our ability to generate value for our stockholders is inextricably linked to our ability to provide value to our principal stakeholders, including our customers and associates. • We must continue to earn the ongoing commitment and trust of our stockholders by delivering the solid returns expected by them from an investment in RPM. • We must continue to offer our customers innovative, high-quality products and services at competitive prices. • We must attract and retain high-quality associates at every level of our organization, provide them with the tools they need to do their jobs, and compensate them in such a way as to closely align their interests with our long-term success. • We must conduct our business in conformity with The Values & Expectations of 168, which encompass complying with all applicable legal requirements, and with the ethical standards we prescribe, working to be exemplary corporate citizens. We do not focus narrowly on efforts to maximize the short-term price of our stock and think that such an approach is fundamentally misguided. Instead, we believe that emphasizing consistent value creation in our businesses will maximize the long-term value of our stockholders’ investment. In short, we manage our businesses to create wealth for our stockholders. Creating value for our stakeholders is how we have achieved, and will continue to achieve, that objective.

6 2025 Proxy Statement

Experience, Qualifications, Attributes and Skills of Directors

The Board of Directors believes that all the Company’s Directors have specific life, employment and leadership experiences and skills that qualify them for service on the Board of Directors. Such qualities are included in their individual biographies and also summarized in the following table:

Director Qualifications and ExperienceJulie A.BeckBruce A.CarbonariJenniffer D.DeckardSalvatore D.FazzolariRobert A.LivingstonChristopherL. MapesCraig S.MorfordFrederickR. NanceEllen M. PawlikowskiWilliam B. Summers, Jr.Elizabeth F. WhitedFrank C. Sullivan
Adherence to The Values & Expectations of 168 Understands and adheres to the code of conduct set forth in The Values & Expectations of 168●●●●●●●●●●●●
Leadership and Operating Experience Significant leadership and operating experience●●●●●●●●●●●●
Independence Satisfies the independence requirements of the NYSE and the SEC●●●●●●●●●●●
Finance Experience Possesses the background, knowledge, and experience to provide the Company with valuable insight in overseeing the Company’s finances●●●●●●●●●●
Public Company Board and Corporate Governance Experience Experience serving on the boards of other publicly traded companies●●●●●●●●●●●
Environmental, Social and Governance Experience Knowledge of and experience with ESG initiatives●●●●●●●●●●●●
Knowledge of the Company Experience with the Company for a period in excess of ten years●●●●●●
Merger and Acquisition Experience Possesses experience or insight related to mergers and acquisitions●●●●●●●●●●●●
Cybersecurity Experience Knowledge of and experience with cybersecurity matters●●●●●●

The Board of Directors seeks to comprise itself of members which, collectively, possess a range of relevant skills, characteristics, experience and expertise. In selecting potential Director candidates for nomination, the Governance and Nominating Committee and the Board of Directors consider the composition of the Board of Directors as a whole when selecting the most qualified candidate to serve on the Board of Directors. This evaluation is performed in light of the Governance and Nominating Committee’s views as to the needs of the Board of Directors and the Company as well as what skill set and other characteristics would most complement those of the then-current Directors.

Enterprise-Wide Risk Oversight

The Board of Directors, assisted by its committees, oversees management’s enterprise-wide risk management activities. Risk management activities include assessing and taking actions necessary to manage risk incurred in connection with the long-term strategic direction and operation of the Company’s business. See “Information Regarding Meetings and Committees of the Board of Directors – Role in Risk Oversight” for further information.

Executive Compensation

The Company’s executive compensation program utilizes a mix of base salary, annual cash incentives, equity awards and standard benefits to attract and retain highly qualified executives and maintain a strong relationship between executive pay and Company performance. Ninety-three percent (93%) of the votes cast on the Say-on-Pay proposal last year were voted in support of the compensation of our named executive officers.

Overall Compensation Program Principles

Pay for performance – The Company’s general compensation philosophy is performance-based in that the Company’s executive officers should be well compensated for achieving strong operating and financial results. The Company engages in a rigorous process intended to provide its executive officers a fair level of compensation that reflects the Company’s positive operating financial results, the relative skills and experience of the individuals involved, Compensation Peer Group compensation levels and other similar benchmarks.

Compensation weighted towardat-risk pay – The mix of compensation of the Company’s named executive officers is weighted towardat-risk pay (consisting of cash and equity compensation). Maintaining this pay mix results in apay-for-performance orientation, which aligns to the Company’s compensation philosophy of paying total direct compensation that is competitive with peer group levels based on relative company performance. For fiscal 2025, 58% of the totals shown in the Summary Compensation Table for our named executive officers was variable and tied to our performance.

8 2025 Proxy Statement

Compensation Benchmark Study – In 2025, the Compensation Committee retained the professional consulting firm of Willis Towers Watson to conduct an executive compensation benchmark study. Based on its analysis and findings, Willis Towers Watson concluded that our Chief Executive Officer’s target total direct compensation was below the 50 th percentile with a large portion of compensation linked to performance-based equity. Overall, our named executive officers’ salaries and total target cash compensation are generally below the market median, and their long-term incentives and total direct compensation are generally at or above the market median.

Summary of Compensation Paid to Frank C. Sullivan, the Company’s Chief Executive Officer, in Fiscal 2025

•Base salary – $1,100,000, which was a 3.3% increase over his fiscal 2024 base salary of $1,065,000.
•Annual cash incentive compensation – Annual cash incentive compensation of $1,513,000, which was $67,000 less than his fiscal 2024 annual cash incentive compensation.
•Equity compensation – Mr. Sullivan received 5,670 Performance Earned Restricted Stock (“PERS”) for fiscal 2025.
•Other compensation – Matching contribution of $14,000 under the Company’s 401(k); automobile allowance of $25,523; life insurance premiums of $212,196; matched charitable contributions of $2,000; and financial consulting fees of $15,750.

Stockholder Actions

Proposal One – Election of Directors (see pages 12 – 24)

The Board of Directors has nominated nine candidates for election to serve on the Board. The Board recommends that stockholders vote FOR the election of each nominee.

Proposal Two – Advisory Vote to Approve the Company’s Executive Compensation (see pages 32 – 33)

The Board of Directors is seeking an advisory vote to approve the Company’s executive compensation. Before considering this proposal, please read the Compensation Discussion and Analysis in this Proxy Statement, which explains the Compensation Committee’s compensation decisions and how the Company’s executive compensation program aligns the interests of the executive officers with those of the Company’s stockholders. Although the vote is advisory and is not binding on the Board of Directors, the Compensation Committee will take into account the outcome of the vote when considering future executive compensation decisions. The Board recommends that stockholders vote FOR the approval of the Company’s executive compensation.

Proposal Three – Ratification of Appointment of Independent Registered Public Accounting Firm (see page 73)

The Audit Committee has appointed Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending May 31, 2026. The Board of Directors is seeking stockholder ratification of this appointment. The Board recommends that stockholders vote FOR ratification of the selection of Deloitte & Touche LLP.

VIRTUAL ANNUAL MEETING INFORMATION The Company will be hosting a virtual Annual Meeting. Stockholders will be able to participate in the Annual Meeting online, in virtual meeting format, via live webcast. Provided below is the summary of the information that you will need to participate in the Annual Meeting: • Stockholders can participate in the Annual Meeting online, in virtual meeting format, via live webcast over the Internet at www.virtualshareholdermeeting.com/RPM2025. • You will need your unique control number, which is provided on your notice of internet availability or proxy card, to vote and submit questions during the Annual Meeting webcast. • The webcast of the Annual Meeting will begin at 1:30 p.m., Eastern Daylight Time. • Instructions as to how to participate via the Internet, including how to verify stock ownership, are available at www.virtualshareholdermeeting.com/RPM2025. • If you have questions regarding how to vote your shares of Common Stock, you may call Innisfree M&A Incorporated, at (877) 800-5195 (Toll Free). • Replay of the Annual Meeting webcast will be available until October 1, 2026.

10 2025 Proxy Statement

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.