Newell Brands Inc
NWL
Delayed Nyse - 12/08 10:02:19 pm
30.96USD
+0.49%

NEWELL BRANDS INC : Temporary Suspension of Trading Under Registrant's Employee Benefit Plans (form 8-K)

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11/28/2017 | 10:06 pm

Item 5.04. Temporary Suspension of Trading Under Registrant's Employee Benefit Plans. Change in Recordkeepers for 401(K) plans

As part of the harmonization of U.S. retirement savings plans at Newell Brands Inc. (the "Company"), the Newell Rubbermaid 401(k) Savings and Retirement Plan (the "Newell Plan") and the Rexair LLC Retirement Savings and Investment Plan (the "Rexair Plan," and, together with the Newell Plan, the "401(k) Plans") will be converting to a new trustee and recordkeeper, effective January 1, 2018. In connection with the conversion, there will be a limited period of time during which participants in the 401(k) Plans will not be able to access their accounts to direct or diversify their investments or to obtain a withdrawal, distribution or loan from the 401(k) Plans (the "401(k) Blackout Period(s)").

On November 21, 2017, the Company received notices required by Section 101(i)(2)(E) of the Employee Retirement Income Security Act of 1974, as amended, regarding the 401(k) Blackout Periods. The 401(k) Blackout Period for the Rexair Plan will begin at 4:00 p.m. ET on December 21, 2017 and the 401(k) Blackout Period for the Newell Plan will begin at 4:00 p.m. ET on December 22, 2017. Both 401(k) Blackout Periods are scheduled to end during the week of January 7, 2018.

On November 28, 2017, in accordance with Section 306 of the Sarbanes­Oxley Act of 2002 and Rule 104 of Regulation BTR of the Securities Exchange Act of 1934, as amended, the Company sent a notice to its directors and executive officers notifying them of the 401(k) Blackout Periods and the restrictions on trading in Company securities that apply to them during the 401(k) Blackout Periods.

During the 401(k) Blackout Periods and for a period of two years thereafter, information regarding the 401(k) Blackout Periods, including confirmation of the actual beginning and ending dates, may be obtained, without charge, by contacting Bradford R. Turner, Chief Legal and Administrative Officer at Newell Brands Inc., 221 River St., 13th Floor, Hoboken, NJ 07030 or at (201) 610-6600.

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