NEWELL BRANDS INC. (NYSE:NWL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August9, 2017, the Board of Directors (the “Board”) of Newell Brands Inc. (the “Company”), upon the recommendation of the Organizational Development and Compensation Committee of the Board (the “Committee”), approved an amendment (the “Amendment”) to the Newell Rubbermaid Inc. 2008 Deferred Compensation Plan, as amended (the “Plan”), to permit non-employee directors of the Company with the opportunity to voluntarily defer the receipt of shares (the “RSU Payout Deferral”) of the Company’s common stock, par value $1.00 per share (“Common Stock”), otherwise issuable upon settlement of restricted stock units (“RSUs”) granted under the Newell Rubbermaid Inc. 2013 Incentive Plan or any similar compensatory plan or arrangement of the Company or any of its subsidiaries (an “Incentive Plan”). Among other things, the Amendment provides that directors may elect an RSU Payout Deferral for RSU awards granted on or after January 1, 2018 to be paid out in a single lump sum in shares of Common Stock upon such director’s separation from the Board.
Other than the timing of when shares of Common Stock may be received by directors, the RSU Payout Deferral will not otherwise affect future RSU awards, which will continue to be administered and paid-out in accordance with the terms of the RSU awards and the related Incentive Plan.
The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, a copy of which is attached hereto as Exhibit10.1 and incorporated herein by reference.
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Item 9.01 |
Financial Statements and Exhibits. |
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Exhibit No. |
Exhibit Description |
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10.1 |
First Amendment to the Newell Rubbermaid Inc. 2008 Deferred Compensation Plan, dated August 9, 2017. |
NEWELL BRANDS INC ExhibitEX-10.1 2 newellfirstamendmentto2008.htm EXHIBIT 10.1 Exhibit FIRST AMENDMENT TO THE NEWELL RUBBERMAID INC. 2008 DEFERRED COMPENSATION PLANTHIS FIRST AMENDMENT (this “Amendment”) to the Newell Rubbermaid Inc. 2008 Deferred Compensation Plan,…To view the full exhibit click here
About NEWELL BRANDS INC. (NYSE:NWL)
Newell Brands Inc, formerly Newell Rubbermaid Inc., is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle. The Company focuses on consumer, investment in brands.
