2014 Form 10-K and Selected Shareholder Information

Newell Rubbermaid Inc.
2014 Annual Report:
Annual Report on Form 10-K and
Selected Shareholder Information
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
COMMISSION FILE NUMBER
1-9608
FOR THE FISCAL YEAR ENDED
DECEMBER 31, 2014
NEWELL RUBBERMAID INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
36-3514169
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)
Three Glenlake Parkway
30328
Atlanta, Georgia
(Zip Code)
(Address of principal executive offices)
Registrant’s telephone number, including area code: (770) 418-7000
Securities registered pursuant to Section 12(b) of the Act:
TITLE OF EACH CLASS
Common Stock, $1 par value per share
NAME OF EACH EXCHANGE
ON WHICH REGISTERED
New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No No Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and
posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and
post such files). Yes No Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the
best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of
“large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large Accelerated Filer Accelerated Filer Non-Accelerated Filer Smaller Reporting Company (Do not check if a smaller reporting company)
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No There were 268.5 million shares of the Registrant’s Common Stock outstanding (net of treasury shares) as of January 31, 2015. The aggregate market value of the shares of
Common Stock (based upon the closing price on the New York Stock Exchange on June 30, 2014) beneficially owned by non-affiliates of the Registrant was approximately $8.4
billion. For purposes of the foregoing calculation only, which is required by Form 10-K, the Registrant has included in the shares owned by affiliates those shares owned by
directors and officers of the Registrant, and such inclusion shall not be construed as an admission that any such person is an affiliate for any purpose.
***
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Registrant’s Definitive Proxy Statement for its Annual Meeting of Stockholders to be held May 12, 2015 are incorporated by reference into Part III of this Annual
Report on Form 10-K.
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Board of Directors
Michael T. Cowhig 2*
Chairman of the Board
Former President, Global Technical
and Manufacturing (Retired) —
The Procter & Gamble Company
Michael B. Polk
President and Chief Executive Officer —
Newell Rubbermaid
Thomas E. Clarke 2, 4*, 5
President of Innovation — Nike, Inc.
Kevin C. Conroy 3, 4
President, Digital and Enterprise Development —
Univision Communications, Inc.
Scott S. Cowen 2, 4, 5*
President Emeritus — Tulane University
Elizabeth Cuthbert-Millett 3, 4
Adjunct Professor, School of Environment and
Natural Resources — University of Wyoming
1
Audit Committee
2
Executive Committee
3
Nominating/Governance Committee
4
Organizational Development &
5
Finance Committee
*
Denotes committee chair
Compensation Committee
Domenico De Sole 3, 4
Chairman — Tom Ford International
Cynthia A. Montgomery 1, 2, 3*
Timken Professor of Business Administration –
Harvard University Graduate School of Business
Christopher D. O’Leary 3, 4
Executive Vice President and Chief Operating
Officer, International — General Mills, Inc.
Jose Ignacio Perez-Lizaur 1, 3
Executive Vice President, Operations (Retired) —
Sam’s Club division of Wal-Mart Stores, Inc.
Steven J. Strobel 1*, 2, 5
Chief Financial Officer — Hill-Rom Holdings, Inc.
Michael A. Todman 1, 5
Vice Chairman — Whirlpool Corporation
Raymond G. Viault 1, 5
Vice Chairman (Retired) — General Mills, Inc.
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Michael B. Polk
President and
Chief Executive Officer
John K. Stipancich
Chief Financial Officer and
General Counsel and Corporate Secretary
William A. Burke III
Chief Operating Officer
Mark S. Tarchetti
Chief Development Officer
Paula S. Larson
Chief Human Resources Officer
Common Stock Price Performance Graph
The following common stock price performance graph compares the yearly change in the Company’s
cumulative total stockholder returns on its common stock during the years 2010 through 2014 with the
cumulative total return of the Standard & Poor’s 500 Index and the Dow Jones Consumer Goods Index,
assuming an investment of $100 on December 31, 2009, and the reinvestment of dividends.
COMPARISON OF CUMULATIVE FIVE-YEAR TOTAL RETURN
$300
$250
$200
$150
$100
$50
$0
2009
2010
2011
Newell Rubbermaid Inc.
2012
2013
S&P 500 Index
2014
DJ Consumer Goods Index
2009
2010
2011
2012
2013
2014
Newell Rubbermaid Inc.
$100
$122.70
$110.98
$156.47
$232.96
$279.37
S&P 500 Index
$100
$115.06
$117.49
$136.30
$180.44
$205.14
DJ Consumer Goods Index
$100
$119.50
$130.01
$146.66
$191.47
$214.65
Shareholder Information
SHAREHOLDER INFORMATION
Additional copies of this annual report, Newell
Rubbermaid’s Form 10-K and proxy statement
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GLYLGHQGUHLQYHVWPHQWSODQLQIRUPDWLRQ´QDQFLDO
data and other information about Newell Rubbermaid
are available without charge upon request.
CONTACT INFORMATION
All requests and inquiries should be directed to:
Newell Rubbermaid Inc.
Investor Relations
3 Glenlake Parkway
Atlanta, GA 30328
(800) 424-1941
investor.relations@newellco.com
www.newellrubbermaid.com
ANNUAL MEETING OF STOCKHOLDERS
The annual meeting of stockholders will
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Newell Rubbermaid Inc.
Corporate Headquarters
3 Glenlake Parkway
Atlanta, GA 30328
Phone: (770) 418-7000
STOCKHOLDER ACCOUNT MAINTENANCE
Communications concerning the transfer of shares,
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duplicate mailings or change of address should be
directed to the Transfer Agent and Registrar:
Computershare Investor Services
P.O. Box 30170
College Station, TX 77842-3170
(877) 233-3006
(312) 360-5217
www.computershare.com/investor
This annual report should be read in conjunction
with Newell Rubbermaid’s 2015 annual meeting proxy
statement and the 2014 Form 10-K. Copies of the
proxy statement and Form 10-K may be obtained
online at www.newellrubbermaid.com.
MARKET FOR REGISTRANT’S COMMON EQUITY
AND RELATED STOCKHOLDER MATTERS
The Company’s common stock is listed on the New York
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there were 10,872 stockholders of record. The following
table sets forth the high and low sales prices of the
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Composite Tape for the calendar periods indicated:
2014
2013
High
/RZ
High
/RZ
$32.54
$29.14
$26.1 1
$21.72
31 . 61
28.27
28.47
24.90
Third
35.25
30.85
27.97
24.32
Fourth
38.73
31.14
32.54
26.29
Quarters
First
Second
The Company has paid regular cash dividends on its
common stock since 1947. For 2014, the Company paid a
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quarter and $0.17 per share in each of the second, third
and fourth quarters. For 2013, the Company paid a
quarterly cash dividend of $0.15 per share. The payment
of dividends to holders of the Company’s common stock
remains at the discretion of the Board of Directors and
will depend upon many factors, including the Company’s
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other factors the Board of Directors deems relevant.
In February 2015, the Company’s Board of Directors
approved a 12% increase in the quarterly dividend from
$0.17 per share to $0.19 per share, effective with the
quarterly dividend payable in March 2015.
FORWARD-LOOKING STATEMENT
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events and outcomes, such as our business outlook and
objectives, in this annual report. All such statements are
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data and business plans available as of the date of this
annual report, which may become out-of-date or
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forward-looking statements as a result of new information,
future events or other factors. Forward-looking statements
are inherently uncertain and investors must recognize that
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expectations. Risks and uncertainties that could cause
results to differ from expectations are detailed in Item 1A
of Newell Rubbermaid’s Annual Report on Form 10-K for
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NEWELL RUBBERMAID INC.
3 GLENLAKE PARKWAY, ATLANTA, GA 30328
www.newellrubbermaid.com