secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001193125-23-031396
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell Brands CEO Saligram to retire May 16; Peterson appointed CEO, Steele named Chairman
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- CEO Ravi Saligram to retire from Newell Brands effective May 16, 2023.
- Chris Peterson appointed President & CEO; base salary $1.3M, target bonus 150%, $3.8M transition equity award.
- Robert Steele named new Board Chairman effective May 16; Patrick Campbell remains as director.
- Gary Hu nominated for board election as Icahn designee; board to expand to 12 members.
- Saligram's retirement agreement includes prorated 2023 bonus and full vesting of stock options and RSUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000119312523031396/0001193125-23-031396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000119312523031396/d446517d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-031396

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