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 Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)On June1, 2018, Newell Brands Inc. (the “Company”) issued a press release, attached hereto as Exhibit 99.1, announcing that Ralph Nicoletti, Executive Vice President and Chief Financial Officer, will be retiring from the Company, effective December31, 2018 (the “Retirement Date”). The Company has begun a search for Mr.Nicoletti’s successor.

Additionally, Richard Davies, Executive Vice President and Chief Development Officer, will be leaving the Company effective June30, 2018.

(e)In connection with Mr.Nicoletti’s retirement, the Company and Mr.Nicoletti have entered into a Retirement Agreement and General Release (the “Retirement Agreement”) to which Mr.Nicoletti agreed to a customary release and restrictive covenants. The Retirement Agreement entitles Mr.Nicoletti to, among other things, (1)a lump sum severance payment of $875,000 payable no later than 60 days after the Retirement Date; (2)his pro-rated annual cash incentive award through the Retirement Date under the 2018 Management Bonus Plan, without a performance modifier at actual corporate performance level, payable no later than March15, 2019; (3)continued vesting of unvested performance-based restricted stock units and other awards that would have otherwise vested in June 2019, February 2020 and February 2021 (subject to satisfaction of any applicable performance conditions); and (4)certain other benefits including but not limited to continued medical coverage for 52 weeks and executive outplacement services. The foregoing summary is qualified in its entirety by reference to the Retirement Agreement, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

(d) Exhibits

NEWELL BRANDS INC Exhibit
EX-10.1 2 d598552dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 May 30,…
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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.