Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 23, 2020, the Board of Directors (the "Board") of Tupperware Brands
Corporation (the "Company" or "Registrant") elected Mauro Schnaidman to serve as
a director effective immediately. The Board determined that Mr. Schnaidman
satisfies the requirements of the New York Stock Exchange and the criteria of
the Board to constitute an "independent" director. There were no arrangements or
understandings pursuant to which Mr. Schnaidman was selected or any
relationships or related transactions between the Company and Mr. Schnaidman of
the type required to be disclosed under applicable Securities and Exchange
Commission ("SEC") rules. Mr. Schnaidman will serve as a member of the
Compensation and Management Development Committee of the Board.
Mr. Schnaidman will receive a grant of shares with a fair market value of
$50,000 (or 1,000 shares, whichever is greater) at the end of and in
consideration of his initial three months of service on the Board. Thereafter,
Mr. Schnaidman will participate in the compensation program for non-employee
directors described in the Company's Definitive Proxy Statement filed with the
SEC on April 5, 2019.
A copy of the Company's press release announcing Mr. Schnaidman's election is
attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
Press Release of Tupperware Brands Corporation dated March 23,
Exhibit 99.1 2020
Cover Page Interactive Data File (embedded within the Inline
104 XBRL document)
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