Right of Shareholders to Call Special Meetings | Interfaith Center on Corporate Responsibility

<div class=”col-lg-9 content-page left-side”>
<section class=”section-a-single-resolutions resolutions-info top-content”>
<div class=”resolutions-contain”>
<div class=”top-content”>
<h4>Resolution Details</h4>
</div>
<div class=”bottom-content”>
<div class=”row-info”>
<strong>Company:</strong>
<p>Newell Brands, Inc.</p>
</div>
<div class=”row-info”>
<strong>Year:</strong>
<p>2026 </p>
</div>
<div class=”row-info”>
<strong>Issue Area:</strong>
<p>Corporate Governance </p>
</div>

<div class=”row-info”>
<strong>Focus Area:</strong>
<p>Shareholder Rights </p>
</div>
<div class=”row-info”>
<strong>Status:</strong>
<p>Filed</p>
</div>

</a>
</div>
</div>
</div>
</section>

<section class=”section-b-single-resolutions content-blocks”>
<div class=”top-content editor-block”>
<div class=”content-block”>
<div class=”main-content”>
<h2>Resolution Text</h2>
<p><strong>RESOLVED</strong>: Shareholders ask the Board of Directors to take the steps necessary to amend the appropriate company governing documents to give the owners of a combined 10% of our outstanding common stock the power to call a special shareholder meeting or the owners of the lowest percentage of shareholders, as governed by state law, the power to call a special shareholder meeting. Such a special shareholder meeting can be an easy to convene online shareholder meeting</p>
<p><strong>SUPPORTING STATEMENT</strong>: </p>
<p dir=”ltr”>There shall be no poison pill discriminatory rule to require ownership of shares for a specific period of time in order for shares to participate in calling for a special shareholder meeting and no unnecessary requirement that most such shareholders be record holders. This proposal includes that Newell Brands incorporates this right in its bylaws and that such bylaws be published on the Newell website for easy access.<br> <br>Delaware law considers it reasonable for 10% of shareholders to call for a special shareholder meeting – yet Newell Brands made the threshold 15% of shareholders based on all shares outstanding and then excluded all shares not owned for a continuous year.</p>
<p dir=”ltr”>Excluding shares not owed for a full year is particularly onerous at Newell because of the high share turnover at Newell. It seems that there are more Newell shares traded in a year than there are Newell shares outstanding.</p>
<p dir=”ltr”>On November 25, 2025 7-million Newell shares were traded. At this rate it would take only 60 trading days for 419 million Newell shares to be traded, the approximate number of Newell shares outstanding.</p>
<p dir=”ltr”>Acting by written consent is hardly ever used by shareholders but the main point of having a right to act by written consent is that it gives shareholders greater standing to engage effectively with management when Newell underperforms. </p>
<p dir=”ltr”>It is believed that a special shareholder meeting has never been called at any company that has the current Newell requirement of owning 15% of record holder shares for one year. In response to this proposal Newell can advise whether its research can find one company that has ever held a special shareholder meeting based on the challenging Newell requirements to do so.</p>

</div>
</div>
</div>
<div class=”middle-content editor-block”>
<div class=”content-block”>
<div class=”main-content”>

</div>
</div>
</div>

</section>
</div>
<aside class=”col-xl-3 right-side”>
<div class=”column-contain”>

<h3>Lead Filer</h3>
<div class=”views-row”>
<div class=”views-field views-field-nothing”><span class=”field-content”> John Chevedden</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Chevedden Corporate Governance</span></div>
</div>

</div>

</div>
</div>

</div>
</div>
</aside&gt