Highest-materiality recent filing
Newell Brands prices $600M of 6.250% senior notes due 2031; to redeem 6.375% notes due 2027
Issued $600M aggregate principal of 6.250% senior notes due 2031 on Aug 19, 2026, unsecured with standard covenants.
Newell Brands prices $600M 6.250% senior notes due 2031, upsized from $500M
Priced $600M aggregate principal of 6.250% senior unsecured notes due 2031, upsized from initial $500M.
Newell Brands enters $800M ABL credit facility, borrows $490M to refinance existing debt
New $800M ABL facility matures July 2031, with $500M accordion feature.
Newell Brands Q2 net sales +3% YoY, normalized EPS $0.42 vs $0.24; raises FY guidance
Q2 net sales $2.0B (+3.0% YoY), core sales +2.3% YoY; first sales growth in over four years.
Newell Brands shareholders approve 2026 Incentive Plan, elect directors
All 8 director nominees elected; votes ranged from 283M to 321M for each candidate.
Newell Brands beats Q1 expectations, raises FY2026 sales and EPS outlook
Q1 net sales $1.5B (-1.1% YoY); core sales -3.5%, ahead of internal plan.
Newell Brands approves 2026 LTIP with 50/50 split TRSU/PRSU for top execs
Committee approved 2026 LTIP on Feb 9, 2026; awards divided 50% time-based RSUs and 50% performance-based RSUs for Salary Bands 9-15.
Newell Brands Q4 net loss $315M; normalized EPS $0.18; 2026 outlook flat sales, EPS $0.54-$0.60
Q4 net sales $1.9B, down 2.7% YoY; core sales declined 4.1%.
Newell Brands announces global productivity plan: cut ~900 jobs, close 20 Yankee Candle stores
Workforce reduction of ~900 employees (10% of professional/clerical); U.S. separations largely by end of 2025.
Newell Brands Q3 net sales $1.8B (-7.2%); normalized EPS $0.17; updates FY2025 outlook
Net sales $1.8B, down 7.2% YoY; core sales down 7.4%. Gross margin 34.1% vs 34.9%, impacted by $24M China tariff costs.
Newell Q2 net sales down 4.8%; normalized EPS $0.24 vs $0.35 YoY; issues $1.25B notes
Net sales $1.9B, core sales -4.4%; gross margin 35.4% (+100 bps), 8th consecutive quarter of 100+ bps expansion.
Newell Brands issues $1.25B of 8.500% senior notes due 2028 to refinance 4.200% notes due 2026
Issued $1.25B aggregate principal of 8.500% senior notes maturing 2028.
Newell Brands shareholders approve 13M-share increase to 2022 Incentive Plan
Amendment to 2022 Incentive Plan approved with 336.5M For, 16.1M Against, 0.5M Abstain.
Newell Brands prices $1.25B of 8.50% senior notes due 2028 to refinance 2026 notes
Upsized and priced $1.25B aggregate principal of 8.50% senior unsecured notes due 2028.
Newell Brands Q1: net sales -5.3%, core -2.1%; gross margin up; full-year guidance affirmed
Net sales $1.6B, down 5.3% YoY; core sales declined 2.1%.
Newell Brands approves 2025 LTIP with 50/50 PRSU/TRSU mix and bonus targets for NEOs
2025 LTIP awards split 50% performance-based RSUs (PRSUs) and 50% time-based RSUs (TRSUs) for salary bands 9-15.
Newell Brands Reports Q4 2024: Gross Margin Up 430bps, Debt Refinanced, Provides FY2025 Outlook
Q4 2024 net sales $1.9B, down 6.1% YoY; core sales declined 3.0%.
Newell Brands issues $1.25B in notes (6.375% 2030, 6.625% 2032) to refinance near-term debt
Issued $750M of 6.375% notes due 2030 and $500M of 6.625% notes due 2032 at 99.15% of par.
Newell Brands issues $1.25B of 6.375%/6.625% notes to refinance 2025/2026 debt
Issued $750M of 6.375% notes due 2030 and $500M of 6.625% notes due 2032.
Newell Q3: Normalized EPS $0.16, gross margin 34.9% (+460bps), raises FY 2024 outlook
Revenue $1.9B, down 4.9% YoY; core sales down 1.7%.
Newell Brands Q2 net sales $2.0B (-7.8% YoY); normalized EPS $0.36 vs $0.24; raises FY outlook
Q2 normalized EPS $0.36, up from $0.24; reported net income $45M vs $18M.
Say-on-pay advisory vote failed: 146.8M for, 191.0M against (56.5% against).
Newell Brands Q1 net loss narrows to $9M; margins expand; affirms FY2024 outlook
Net sales $1.7B, down 8.4% YoY; core sales down 4.7% (sequential improvement).
Newell Brands appoints Robert A. Schmidt as Chief Accounting Officer, effective March 25, 2024
Robert A. Schmidt appointed Chief Accounting Officer (Principal Accounting Officer), effective March 25, 2024.
Newell Brands sets 2024 LTIP with 50/50 PRSU/TRSU mix, bonus targets for named executives
Named executive officers' 2024 LTIP awards: 50% performance-based RSUs (PRSUs) and 50% time-based RSUs (TRSUs).
Newell Brands adds James Keane to board; names Bridget Ryan Berman Chair, three directors exiting
James Keane, retired Steelcase CEO, elected to board effective Feb 15; board size increased to 11.
Newell corrects typo in credit agreement leverage ratio definition
Corrects typographical error in original 8-K filed 2/9/2024 regarding Total Net Leverage Ratio.
Q4 net sales $2.1B, decline 9.1% YoY; core sales down 9.3%; normalized gross margin improved to 32.3% from 26.6%.
Newell Brands cuts revolver to $1B from $1.5B; adds asset-based covenants and security
Commitments reduced from $1.5 billion to $1.0 billion; new Total Net Leverage and Collateral Coverage covenants added.
Newell Brands approves restructuring; expects $65M-$90M annualized savings
Office roles reduced by ~7%; actions substantially complete by end of 2024.
Newell Brands elects Anthony Terry to Board of Directors effective Jan 1, 2024
Anthony Terry, former EVP and CFO of Marriott Vacations Worldwide, elected to Board effective Jan 1, 2024.
Newell Brands Q3 net sales down 9.1%, normalized EPS $0.39 vs $0.50, updates FY outlook lower
Q3 net sales $2.0B, down 9.1% YoY; core sales declined 9.2%.
Newell Brands enters new $275M A/R securitization facility; replaces terminated facility
New three-year revolving facility provides up to $275M (April–Feb) and $225M (other times).
Newell Brands settles SEC investigation for $12.5M, admits no wrongdoing
Agreed to pay $12.5M civil penalty to SEC over sales practices and accounting issues from Q3 2016 to Q2 2017.
Icahn Group terminates nomination agreement, two directors resign from Newell Brands board
Carl Icahn's group notified Newell Brands on Sept 15, termination of the 2018 Nomination Agreement; company accepted.
Newell Brands amends receivables credit facility with procedural notification change
Fourth Amendment modifies 'Level 2 Ratings Period' definition to require written notice from managing agents before activation.
Newell Brands Q2 net sales down 13%, EPS $0.04; cuts full-year outlook
Net sales $2.2B (-13.0% YoY); core sales down 11.9%; diluted EPS $0.04 vs $0.48.
Newell settles derivative lawsuits with governance reforms; court preliminarily approves
Court preliminarily approved settlement on June 27, 2023; final hearing set for Aug 25, 2023.
Newell Brands launches Network Optimization Project; expects $25M-$35M annual savings
Restructuring to reduce and optimize North American distribution centers; implementation by end of FY2024.
Newell Brands awards CEO $15M, CFO $7.2M in multi-year incentive; annual meeting passes say-on-pay
SIP awards CEO Christopher Peterson $15M in PRSUs vesting Feb 2026 based on gross margin & FCF targets.
Newell Brands cuts quarterly dividend to $0.07 per share as part of strategy refresh
Quarterly dividend reduced to $0.07 ($0.28 annual), payable June 15, 2023 to holders of record May 31, 2023.
Newell Brands Q1 net sales down 24% to $1.8B, normalized EPS -$0.06, FY at low end
Net sales $1.8B (-24.4% YoY); core sales -18%; reported diluted loss $0.25; normalized diluted loss $0.06.
Newell Brands amends credit agreement, lowers interest coverage covenant to 3.00x for four quarters
Interest Coverage Ratio reduced from 3.50x to 3.00x for fiscal quarters ending June 30, Sep 30, Dec 31, 2023 and Mar 31, 2024.
Newell Brands appoints David Willetts to board replacing Brett Icahn
Brett Icahn resigned from Board on March 13, 2023; resignation not due to any disagreement.
Q4 net sales $2.3B, down 18.5% YoY; core sales decline 9.4%.
Newell Brands consolidates segments, changes inventory method, revises prior financials
Combines Commercial Solutions, Home Appliances, Home Solutions into Home & Commercial Solutions segment effective Jan 1, 2023.
Newell Brands CEO Saligram to retire May 16; Peterson appointed CEO, Steele named Chairman
CEO Ravi Saligram to retire from Newell Brands effective May 16, 2023.
Plan consolidates five operating segments into three: Home & Commercial, Learning & Development, Outdoor & Recreation.
Newell Brands appoints Mark Erceg as CFO; Chris Peterson remains President
Mark Erceg appointed CFO effective Jan 9, 2023; succeeds Chris Peterson who continues as President.
Newell Brands elects Stephanie Stahl to Board of Directors, effective Jan 1, 2023
Board size increased from 10 to 11 members; Stahl's term begins Jan 1, 2023.
On March 19, 2024, Newell Brands Inc. (the “Company”) appointed Robert A. Schmidt to serve as the Company’s Chief Accounting Officer (Principal Accounting Officer), effective March 25, 2024.
On March 19, 2024, Mr. Jeffrey M. Sesplankis, the Company’s current Chief Accounting Officer, resigned from his current roles as Chief Accounting Officer and Principal Accounting Officer effective as of March 25, 2024, and his employment with the Company will terminate effective as of April 1, 2024.
Robert Steele, Courtney Mather, and Jay Johnson have informed the Board of their preference not to seek re-election to the Company’s Board of Directors at its 2024 Annual Meeting of Stockholders in order to focus on other commitments.
Robert Steele, Courtney Mather, and Jay Johnson have informed the Board of their preference not to seek re-election to the Company’s Board of Directors at its 2024 Annual Meeting of Stockholders in order to focus on other commitments.
On February 21, 2024, the Board designated Bridget Ryan Berman to serve as Chair of the Board, effective May 8, 2024.
On February 15, 2024, the Board of Directors (the “Board”) of Newell Brands Inc. (the “Company”) increased the size of the Board from ten members to eleven and elected James Keane to the Board of Directors, effective immediately.
Robert Steele, Courtney Mather, and Jay Johnson have informed the Board of their preference not to seek re-election to the Company’s Board of Directors at its 2024 Annual Meeting of Stockholders in order to focus on other commitments.
On November 29, 2023, the Board of Directors (the “Board”) of Newell Brands Inc. (the “Company”) voted to increase the size of the Board from nine members to ten and to elect Anthony Terry to the Board of Directors, effective January 1, 2024.
Effective September 15, 2023, Gaoxiang (Gary) Hu and David Willetts resigned from the Board of Directors (the “Board”) of the Company.
Effective September 15, 2023, Gaoxiang (Gary) Hu and David Willetts resigned from the Board of Directors (the “Board”) of the Company.
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”).
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.
Max materiality 0.90 · Median 0.60 · Most common event earnings