Mueller Water Products, Inc.
For the period ended Sep 30, 2025. Filed Nov 19, 2025.
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FY2025 · Filed Nov 19, 2025
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Human Capital
We believe our employees are our greatest asset, and we endeavor to provide a safe, inclusive, high-performance culture where our people can thrive. We strive to recruit, develop, engage, train and protect our workforce. The following are key human capital measures and objectives on which the Company currently focuses.
Core Values. Our core values of respect, integrity, trust, safety and inclusion shape our culture and define who we are. We are committed to upholding fundamental human rights and believe that all human beings should be treated with dignity, fairness, and respect.
Employee Total Compensation and Benefits Philosophy. We offer financial, physical and mental health benefits, as well as programs that help employees take care of themselves and balance work-life considerations. We regularly analyze our compensation to remain competitive, targeting pay at or above the 50th percentile of the market standard at each of our locations. Our benefits and wellness programs are listed below.
| Financial | Health and Wellness | Work-Life Balance |
|---|---|---|
| Competitive base pay | Medical, dental and vision insurance with mental/behavioral health benefits | Paid time off, paid holidays and jury duty pay |
| Bonus plans tied to company performance for all employees | Flexible spending/health savings accounts | Paid parental leave with 12 weeks of paid leave for eligible birth parents; 4 weeks paid parental leave for non-birth, adoptive and foster parents |
| Employee stock purchase plan at a discounted stock price | Supplemental health benefits, including accident, hospital indemnity, critical illness and whole life coverage | Employee assistance program |
| Recognition pay and service awards | Wellness rewards program | Employee discount programs |
| 401(k) retirement plans with a 5% company match and several pre-tax and after-tax savings options | Health plan programs, including smoking cessation | Employee engagement activities including family friendly events |
| Short- and long-term disability insurance | On-site and no-cost vaccinations and biometric screenings (with at-home physical kits available) | Virtual healthcare options for general medicine, dermatology, and mental health needs |
| Healthcare navigation service for managing existing benefits | On-site health fairs and free health screenings |
Commitment to Inclusion. We strive to promote inclusion in the workplace, to build on our understanding of potential human rights issues by engaging with appropriate communities, and to interact with our employees and all communities in a manner that respects human rights. We encourage our suppliers to follow these practices as well. As of September 30, 2025, women and minorities represented 33% and 44% of our Board of Directors, respectively.
We condemn human rights abuses and do not condone the use of slave or forced labor, human trafficking, child labor, the degrading treatment of individuals, physical punishment, or unsafe working conditions.
All employees are required to understand and obey local laws, to report any suspected violations, and to act in accordance with our Core Values and Code of Business Conduct and Ethics.
We are committed to providing fair and equitable pay. We have a comprehensive pay structure that allows for employee development and provides promotional opportunities. In 2024, we invested in a leading software solution to conduct workforce pay equity audits that consider gender, race/ethnicity, age, and disabilities. As a result of this pay equity review, we found no systemic issues but did appropriately adjust the pay of several individuals in 2025. We believe this program will provide us with the tools needed to perform annual pay equity audits, and we intend to continue that practice.
Our Employee Inclusion Advisory Council embeds and fosters inclusionary principles while also determining the Company’s overarching initiatives and priorities as they relate to our culture and values. Three executive sponsors lead the council, and local representatives from each United States plant and our headquarters support the council’s work at the local level. These local representatives support the council’s priorities, supporting ownership and driving engagement through personalized initiatives and local activities.
Talent Acquisition and Retention. We strive to attract, develop and retain high-performing talent, and we support and reward employee performance. Programs to strengthen our talent include an employee referral program, tuition reimbursement, continued training and development, and succession planning. We also have partnerships with local and national educational institutions for our recruiting efforts. We prioritize employee engagement and transparency by implementing programs and processes to ensure our employees have opportunities to ask questions, voice concerns, and share feedback. This communication is accomplished in part by conducting employee experience surveys, global quarterly town halls, and periodic facility employee meetings. Our fiscal year 2025 United States employee turnover rate was approximately 20%.
Leadership and Culture Development. As new generations enter the workforce, their dedication to sustainability is pivotal for our long-term prosperity. We created the Mueller Development Program (“MDP”) to provide a pathway for upcoming talent. We partner with a third party to bring leadership development programs to our frontline supervisors and managers, which cover topics including resources in time management, communication and team building, as well as personal coaching.
As of September 30, 2025, we employed approximately 3,500 people, 83% of whom work in the United States. As of September 30, 2025, approximately 42% of our United States workforce was represented by collective bargaining agreements. Additionally, we have employees in foreign countries, such as China, which have employee rights laws that include requirements similar to collective bargaining agreements. We believe we have good relations with our employees including those represented by collective bargaining agreements.
We have successfully negotiated and extended several of our collective bargaining agreements in the past. Our locations with employees covered by such agreements are presented below.
| Location | Expiration of current agreement(s) |
|---|---|
| Chattanooga, TN | December 2025 |
| Chattanooga, TN | January 2027 |
| Decatur, IL | June 2027 |
| Albertville, AL | October 2027 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.