{
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  "docSlug": "23f6a596dc29",
  "documentTitle": "Newell Brands Inc. (NWL)",
  "authorId": "03_Starboard_Value",
  "authorName": "Jeffrey C. Smith",
  "documentKindSlug": "shareholder-letter",
  "documentKindLabel": "Shareholder letter",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-04-11 00:00:00",
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  "notes": "This is a text-heavy page from a shareholder letter, focusing on the rationale for a board proxy contest.",
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      "kind": "callout",
      "text": "WE ARE SEEKING YOUR SUPPORT TO REPLACE 4 DIRECTORS, INCLUDING 3 OF 5 REPRESENTATIVES OF CARL ICAHN",
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      "text": "Mr. Langham is an employee of Icahn Enterprises L.P. Mr. Mather is an employee of Icahn Capital. Mr. Atchison has no public board experience, and graduated from the same university in the same year as Brett Icahn. Mr. Todman is the former Chairman of the Nominating/Governance Committee.",
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      "text": "We are asking you to elect our director nominees – Pauline Brown, Gerardo (“Gerry”) Lopez, Bridget Ryan Berman, and Robert (“Rob”) Steele – in place of three of the five directors selected by Carl Icahn – specifically, David Atchison, Andrew Langham, and Courtney Mather – and Michael Todman, the former Chairman of the Nominating/Governance Committee.",
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      "text": "We are not seeking to replace Carl Icahn’s son, Brett Icahn, as a director, as we do believe it is appropriate to have a direct shareholder representative in the boardroom, but no shareholder should need three or four direct representatives on the Board.",
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