Newell Brands Inc 8-K, filed Sep 29, 2023
Newell Brands Inc. (NWL)
About this 8-K
Newell Brands Inc filed this 8-K on September 29, 2023.
Items reported
- Item 8.01: Other events
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SECURITIES AND EXCHANGE COMMISSION
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Item 8.01. Other Information
Newell Brands Inc. (the “Company”) has entered into a settlement with the U.S. Securities and Exchange Commission (the “SEC”) to resolve a previously disclosed SEC investigation of the Company’s sales practices and certain accounting matters during the time period between the third quarter of 2016 and the second quarter of 2017 (the “Settlement”). Under the terms of the Settlement, the Company has agreed to pay a civil penalty of $12.5 million. The Company has neither admitted nor denied the SEC’s findings, and the Settlement does not name any of the current executive officers of the Company. In connection with the Settlement, which concludes the SEC’s investigation of the Company, the SEC specifically noted the Company’s significant cooperation, as well as improvements made to the Company’s control environment.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NEWELL BRANDS INC. | ||||||
| Dated: September 29, 2023 | By: | /s/ Bradford R. Turner | ||||
| Bradford R. Turner Chief Legal and Administrative Officer and Corporate Secretary | ||||||