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.
As previously reported on a current report on Form 8-K dated March19, 2018, on March18, 2018, Newell Brands Inc. (the “Company”) entered into a definitive Director Appointment and Nomination Agreement (the “Agreement”) with Carl C. Icahn, Brett Icahn, Courtney Mather, Andrew Langham, High River Limited Partnership, Hopper Investments LLC, Barberry Corp., Icahn Partners LP, Icahn Partners Master Fund LP, Icahn Enterprises G.P. Inc., Icahn Enterprises Holdings L.P., IPH GP LLC, Icahn Capital LP, Icahn Onshore LP, Icahn Offshore LP and Beckton Corp. (collectively, the “Icahn Group”).
Consistent with the terms of the Agreement, among other things, Mr.Patrick Campbell was appointed to the Audit Committee of the Board of Directors (the “Board”) of the Company. After further discussions between Mr.Campbell, the Company and representatives of the Icahn Group, Mr.Campbell will not serve on the Audit Committee of the Board of the Company.
Additionally, and consistent with the terms of the Agreement, the Board has reconstituted the membership of its Board committees as follows:
|
Nominating / Governance Committee |
Organizational Development& Compensation Committee |
Audit Committee |
Finance Committee |
|
James Craigie (Chair) |
Michael Todman (Chair) | Steve Strobel (Chair) | CourtneyMather(Chair) |
|
Andrew Langham |
Debra Crew | Andrew Langham | Debra Crew |
| Brett Icahn | Michael Todman | Brett Icahn | |
| Courtney Mather | James Craigie |
The Company anticipates that Ms.Judith Sprieser and the Additional New Independent Director, as defined in the Agreement, will become members of the Nominating/Governance and Audit Committees upon election to the Board.
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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.