On March 7, 2017, the Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) of ACCO Brands Corporation (the “Company”) approved certain actions with respect to the 2017 compensation of executive officers who were “named executive officers” for purposes of the Company’s 2016 proxy statement, other than Boris Elisman, Chairman, President and Chief Executive Officer, whose compensation was approved by the Board on March 8, 2017. These actions are further described below.

2017 Annual Incentive Plan. For 2017, executive officers will be eligible to earn cash awards upon the achievement of a threshold level of adjusted operating income and attainment of performance goals based on certain operating income, net sales and working capital efficiency targets. No changes were made to the target bonus opportunity for any of the named executive officers from the prior year other than with respect to Mr. Elisman whose target bonus opportunity was increased to 120% of base salary, and Christopher M. Franey, Executive Vice President and President, Computer Products Group, who as previously announced is retiring from the Company effective March 31, 2017 and did not receive a 2017 annual incentive award.

2017 Long-term Incentive Awards. The long-term incentive award grant to Mr. Elisman was comprised of 60% performance share units (“PSUs”), 20% restricted stock units (“RSUs”) and 20% non-qualified stock options (“NQSOs”). The long-term incentive awards granted to the other named executive officers (other than Mr. Franey) were comprised of 50% PSUs, 25% RSUs and 25% NQSOs. The total target value of the long-term incentive awards was $2,200,000 for Mr. Elisman; $600,000 for Neal V. Fenwick, Executive Vice President and Chief Financial Officer; $800,000 for Thomas W. Tedford, Executive Vice President and President, ACCO Brands North America; and $500,000 for Pamela R. Schneider, Senior Vice President, General Counsel and Secretary.

The PSUs granted cover a three-year (2017-2019) performance period, with an opportunity to earn from 50% to 150% of the target value of the PSUs based upon the level of achievement of adjusted free cash flow and adjusted earnings per share goals.

Salary. A base salary increase of approximately 6% over 2016 salary was approved for Mr. Elisman and base salary increases in the range of 3% to 5% were approved for the other named executive officers (other than Mr. Franey).

Severance Arrangements with Mr. Franey. The Compensation Committee approved severance arrangements for Mr. Franey that are in accordance with the terms of the Company’s Executive Severance Plan and the terms of his outstanding equity awards, along with certain relocation benefits.

About ACCO BRANDS CORPORATION (NYSE:ACCO)

ACCO Brands Corporation is a manufacturer and marketer of office, school and calendar products, and also computer and electronic accessories. It sells its products to consumers and commercial end users through resellers, including traditional office supply resellers, wholesalers and retailers, including online retailers. It operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. ACCO Brands North America and ACCO Brands International manufacture, source and sell traditional office products, school supplies and calendar products. ACCO Brands North America includes the United States and Canada, and ACCO Brands International includes the rest of the world, primarily Northern Europe, Brazil, Australia and Mexico. Its Computer Products Group designs, sources, distributes, markets and sells accessories for laptop and desktop computers and tablets. These accessories include security products, input devices and ergonomic aids.

ACCO BRANDS CORPORATION (NYSE:ACCO) Recent Trading Information

ACCO BRANDS CORPORATION (NYSE:ACCO) closed its last trading session up +0.10 at 12.95 with 457,990 shares trading hands.