Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(c) On January 19, 2021, Newell Brands Inc. (the "Company") announced that
Jeffrey M. Sesplankis will be joining the Company as Chief Accounting Officer,
effective February 1, 2021. Mr. Sesplankis will begin serving as the Company's
Principal Accounting Officer on March 2, 2021 (the "Appointment Date"). Until
the Appointment Date, Christopher H. Peterson, the Company's Chief Financial
Officer and President, Business Operations, will continue to serve as Principal
Accounting Officer.
Mr. Sesplankis, age 46, served as Chief Accounting Officer of Delphi
Technologies PLC, a global provider of automotive technologies, between 2017 and
2020. He also served as Global Shared Services leader of Delphi Technologies PLC
beginning in January 2020. Prior to that, he served as Global Divisional
Powertrain Controller from 2015 to 2017 and as Director of Internal Audit and
Interim Chief Audit Executive between 2014 and 2015 at Delphi Automotive PLC, a
designer and manufacturer of vehicle components and provider of powertrain and
technology solutions to the automotive market. Earlier in his career, he served
as an accounting executive at Chrysler Group LLC, an automotive manufacturer as
well as in progressive roles with Ernst & Young LLP both in the U.S. and abroad.
There are no family relationships, as defined in Item 401 of Regulation S-K,
between Mr. Sesplankis and any of the Company's executive officers or directors
or persons nominated or chosen to become directors or executive officers. There
is no arrangement or understanding between Mr. Sesplankis and any other person
pursuant to which Mr. Sesplankis will be serving as Chief Accounting Officer or
Principal Accounting Officer. There are no transactions requiring disclosure
under Item 404(a) of Regulation S-K.
In connection with his appointment, Mr. Sesplankis will receive a base salary of
$400,000 per year and will be eligible to participate in the Company's
Management Bonus Plan, Long Term Incentive Plan, Supplemental Employment Savings
Plan and other executive benefits programs, including the relocation assistance
policy.
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