8-K
filed May 19, 2023, 7:59 PM ET
ticker NWL
CIK 0000814453
other material
confidence high
sentiment neutral
materiality 0.60
Newell Brands awards CEO $15M, CFO $7.2M in multi-year incentive; annual meeting passes say-on-pay
NEWELL BRANDS INC.
- SIP awards CEO Christopher Peterson $15M in PRSUs vesting Feb 2026 based on gross margin & FCF targets.
- CFO Mark Erceg receives $7.2M in PRSUs under same metrics; other NEOs get cash, TRSUs, and PRSUs.
- Annual meeting: all 11 director nominees elected; say-on-pay approved with ~95% votes cast.
- Stockholder proposal for written consent fails with ~8% support.
- Bylaws amended for universal proxy rules and federal forum for Securities Act claims.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
NEWELL BRANDS INC.: Amended By-Laws to update advance notice provisions, adopt universal proxy rules, and add exclusive forum provision for Securities Act claims (effective 2023-05-15).
- Change
- bylaw amendment
- Effective
- 2023-05-15
Exact text from the filing
On May 15, 2023, as part of its periodic review of corporate governance matters, the Company’s Board approved amendments to the Company’s By-Laws
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NEWELL BRANDS INC. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2023 at the 2023-05-16 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-16
Exact text from the filing
The stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year 2023: For Against Abstain 373,564,098 3,107,156 441,490
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NEWELL BRANDS INC. shareholders approved Election of eleven nominees to the Board of Directors for a one-year term at the 2023-05-16 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-16
Exact text from the filing
The stockholders elected each of the following eleven nominees to the Board of Directors for a one-year term by a majority vote: For Against Abstain Broker Non-Votes Patrick D. Campbell 342,287,191 3,103,782 520,794 31,200,977 Gaoxiang (Gary) Hu 335,903,176 9,687,783 320,808 31,200,977 Jay L. Johnson 317,545,356 28,028,985 337,426 31,200,977 Gerardo I. Lopez 343,165,927 2,420,105 325,735 31,200,977 Courtney R Mather 342,745,292 2,864,102 302,373 31,200,977 Christopher H. Peterson 342,447,522 3,153,775 310,470 31,200,977 Bridget Ryan Berman 327,307,078 18,290,763 313,926 31,200,977 Judith A. Sprieser 342,796,362 2,811,927 303,478 31,200,977 Stephanie P. Stahl 343,564,415 2,025,376 321,976 31,200,977 Robert A. Steele 330,443,157 15,151,914 316,696 31,200,977 David P. Willetts 341,948,352 3,637,411 326,004 31,200,977
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NEWELL BRANDS INC. shareholders approved Advisory vote on frequency of future Say-On-Pay votes at the 2023-05-16 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-16
Exact text from the filing
The stockholders approved a One Year Frequency for the vote on the advisory resolution to approve executive compensation: One Year Two Years Three Years Abstain Broker Non-Votes 338,227,317 531,866 6,702,954 449,630 31,200,977
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NEWELL BRANDS INC. shareholders approved Advisory resolution to approve executive compensation (Say-On-Pay) at the 2023-05-16 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-16
Exact text from the filing
The stockholders approved the advisory resolution to approve executive compensation (“Say-On-Pay”): For Against Abstain Broker Non-Votes 329,319,617 15,240,217 1,351,933 31,200,977
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NEWELL BRANDS INC. shareholders rejected Stockholder proposal to amend the stockholder right to action by written consent at the 2023-05-16 meeting.
- Outcome
- failed
- Meeting
- 2023-05-16
Exact text from the filing
The stockholders did not approve the stockholder proposal to amend the stockholder right to action by written consent: For Against Abstain Broker Non-Votes 27,989,163 316,795,317 1,127,287 31,200,977
View on SEC.gov
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