Newell Brands appoints David Willetts to board replacing Brett Icahn

NEWELL BRANDS INC.

Brett Icahn resigned from Board on March 13, 2023; resignation not due to any disagreement.
David Willetts elected director effective March 15, 2023, as Icahn designee per Nomination Agreement.
Willetts will serve on Nominating/Governance and Compensation Committees; receives pro-rated RSU valued at ~$23,000.
Per exhibit, Gaoxiang (Gary) Hu named as replacement for Courtney Mather as Icahn designee; Mather to become New Independent Director after 2023 annual meeting.
Willetts to cease serving on other public boards except Icahn Enterprises L.P. and Newell.

item 5.02 item 9.01

Executive movements

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Appointed

David Willetts

Director

NWL · NEWELL BRANDS INC.

Effective: 2023-03-15
Filed: March 15, 2023, 7:59 PM ET

On March 14, 2023, the Board elected David Willetts as a director effective March 15, 2023, pursuant to the terms of the Director Appointment and Nomination Agreement, dated as of March 18, 2018 (as amended on April 23, 2018 and February 8, 2023), between the Company and the Icahn Group (the “Nomination Agreement”).

Departed

Brett Icahn

Director

NWL · NEWELL BRANDS INC.

Effective: 2023-03-13
Successor: David Willetts
Filed: March 15, 2023, 7:59 PM ET

On March 13, 2023, Brett Icahn resigned from the Board of Directors (the “Board”) of Newell Brands Inc. (the “Company”) in order to reduce the number of public company boards of directors on which he serves.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

David Willetts was elected as Director at NEWELL BRANDS INC..

Action: elected
Role: Director

Exact text from the filing

On March 14, 2023, the Board elected David Willetts as a director effective March 15, 2023, pursuant to the terms of the Director Appointment and Nomination Agreement, dated as of March 18, 2018 (as amended on April 23, 2018 and February 8, 2023), between the Company and the Icahn Group (the “Nomination Agreement”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Brett Icahn resigned as Director at NEWELL BRANDS INC..

Action: resigned
Role: Director

Exact text from the filing

On March 13, 2023, Brett Icahn resigned from the Board of Directors (the “Board”) of Newell Brands Inc. (the “Company”) in order to reduce the number of public company boards of directors on which he serves.

View on SEC.gov

NEWELL BRANDS INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-071330

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