Edition:
India

Newell Brands Announces Agreement With Starboard To End Proxy Contest


Monday, 23 Apr 2018 

April 23 (Reuters) - Newell Brands Inc ::NEWELL BRANDS ANNOUNCES AGREEMENT WITH STARBOARD TO END PROXY CONTEST.NEWELL BRANDS INC - BOARD APPOINTED TWO NEW INDEPENDENT DIRECTORS, GERARDO I. LOPEZ AND ROBERT A. STEELE, EFFECTIVE IMMEDIATELY.NEWELL BRANDS - INTENDS TO NOMINATE BRIDGET RYAN BERMAN FROM STARBOARD'S SLATE, WHO HAS BEEN MUTUALLY-AGREED UPON BY STARBOARD AND CARL C. ICAHN.NEWELL BRANDS INC - ANDREW LANGHAM HAS AGREED TO STEP DOWN FROM BOARD, EFFECTIVE IMMEDIATELY AND DAVID ATCHISON WILL NOT STAND FOR ELECTION.NEWELL BRANDS - AT 2018 ANNUAL MEETING, BOARD WILL BE EXPANDED TO COMPRISE 12 DIRECTORS.