Newell Brands Director Christopher Peterson Resigns

Newell Brands Inc. reported that independent director Christopher Peterson resigned from the board of directors and from all committees on which he served effective May 11 2026.

The company has 11 directors prior to the resignation according to its most recent proxy statement on file with the SEC. Peterson's exit reduces the number of independent directors and creates at least one vacancy on the committees he served including the audit committee the compensation and human capital committee or the nominating and corporate governance committee.

The board now operates with one fewer independent director. The resignation takes effect immediately on May 11 2026. The company must maintain the required proportion of independent directors under Nasdaq listing rules and must reconstitute any affected board committees to satisfy applicable charters and regulations.

A separate Form 8-K or proxy amendment will be required if the board fills the vacancy through election of a new director.

The change requires the remaining board members to assess committee assignments and independence levels before the next annual shareholder meeting or the filing of the company's Form 10-K for the fiscal year ending December 31 2026. Nasdaq rules grant a cure period of up to 180 days for board composition deficiencies once they arise.

The company must also update its disclosures in the next proxy statement or information statement to reflect the resignation and any subsequent appointments.

This marks the first board-level change disclosed by Newell Brands in 2026. The filing also included results of the company's annual shareholder meeting held on the same day although specific vote tallies were not detailed in the Item 5.02 disclosure. Item 5.07 of the 8-K confirms submission of matters to a vote of security holders and Item 9.01 exhibits the related press release and resolutions.

Per the SEC Form 8-K filed May 13 2026 under Items 5.02 5.07 and 9.01 the company stated no disagreement existed between Peterson and the company on any matter relating to its operations policies or practices.