Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On November 29, 2022, the Board of Directors (the "Board") of Newell Brands Inc.
(the "Company") voted to increase the size of the Board from ten members to
eleven and to elect Stephanie Stahl to the Board of Directors, effective
January 1, 2023. There are no arrangements or understandings pursuant to which
she was selected as a director and no transactions reportable under Item 404(a)
of Regulation S-K. Ms. Stahl will receive the same compensation as the Company's
other non-employee directors, as described in the Company's Proxy Statement on
Schedule 14A filed with the U.S. Securities and Exchange Commission on March 23,
2022, including a pro-rated annual restricted stock unit award, effective
January 1, 2023, with a grant date fair value of approximately $55,000.
On December 1, 2022, the Company issued a press release regarding the election
of Ms. Stahl, a copy of which is attached hereto as Exhibit 99.1 and
incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
99.1 Press Release of Newell Brands Inc. dated December 1, 2022
104 Cover Page Interactive Data File (formatted as inline XBRL and
contained in Exhibit 101)
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