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Campaigns / Starboard Value → Newell Brands Inc.
Starboard Value vs. Newell Brands Inc.

Newell Brands Inc. · NWL

3 decks published between 2018-02-12 and 2018-04-11 — 28 pages, 28 analysed slides total.

proxy fight

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2018-02-12 proxy fight

    2018 02 Starboard_Value_LP_Letter_to_NWL_CEO_and_Board_02.12.2018

    10pp · letter

    Starboard, backed by Jarden's founders, seeks to replace Newell's board after CEO Michael Polk destroyed $11bn of value following the 2016 Jarden merger.

    N 4 V 2 C 2
    ⌂ ” ⚑
  2. 2018-03-05 proxy fight

    2018 03 Starboard_Value_LP_Letter_to_NWL_Shareholders_03.05.2018

    10pp · letter

    Newell's Board is dysfunctional — four directors have quit and margins have cratered to 9.1%; elect Starboard's slate at the 2018 Annual Meeting to drive an operational turnaround.

    N 3 V 2 C 1
    ⚑
  3. 2018-04-11 proxy fight

    2018 04 ex1dfan14a06297233_04112018

    8pp · letter

    Newell's board destroyed $10bn and handed control to Icahn; elect Starboard's four independent nominees to execute a credible divestiture plan and restore accountability.