Newell Brands says activist Starboard seeks to replace board [Reuters]
Newell Brands Inc. (NWL)
Last newell brands inc. earnings: 5/1 07:30 am
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Source: Reuters
Newell Brands says activist Starboard seeks to replace board | Reuters Reuters Staff 1 Min Read (Reuters) - Sharpie pens maker Newell Brands ( NWL.N ) said on Friday activist investors Starboard Value LP and Opportunity Master Fund Ltd were seeking to nominate 10 directors to its board. Newell currently has nine directors on its board. Starboard, along with three former executives of Jarden Corp, which Newell bought in 2016, was seeking to replace Newell’s board and Chief Executive Michael Polk, the Wall Street Journal reported on Thursday. The activists want to make the case that Newell’s leadership took some wrong steps in its integration with Jarden, the report said. “Newell Brands has a diverse, experienced Board that is committed to acting in the best interests of the company and all shareholders,” Newell said in a statement. Newell said last month it would explore options for some of its assets, a move that could shrink the number of its factories and warehouses as well as its
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News
- Here's How Newell (NWL) is Placed Just Ahead of Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Propelling the Demand of Binder Clip Market Reach at a US$ 20.5 Billion by 2034 | Future Market Insights Inc. [Yahoo! Finance]Yahoo! Finance
- Sharpie® Embarks on "The World Is Your Canvas" Tour to Empower Creativity NationwidePR Newswire
- Sharpie® S-Gel Pens Put Rookies of the Year, Michael Penix Jr. and Rome Odunze, Through a Signature Combine to Train for Signing their Pro Contracts [Yahoo! Finance]Yahoo! Finance
- Newell Brands to Webcast First Quarter 2024 Earnings ResultsBusiness Wire
NWL
Earnings
- 2/9/24 - Beat
NWL
Sec Filings
- 3/27/24 - Form ARS
- 3/27/24 - Form DEFA14A
- 3/27/24 - Form 3
- NWL's page on the SEC website