Edgewell Personal Care Files Definitive Proxy Statement
Ticker: EPC · Form: DEF 14A · Filed: Dec 19, 2024 · CIK: 1096752
| Field | Detail |
|---|---|
| Company | Edgewell Personal Care CO (EPC) |
| Form Type | DEF 14A |
| Filed Date | Dec 19, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 17 min |
| Key Dollar Amounts | $90 million, $59 million, $31 million, $740.8 m, $35.3 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, governance, sec-filing
TL;DR
Edgewell Personal Care (EPC) filed its proxy statement. Get ready for shareholder votes.
AI Summary
Edgewell Personal Care Co. filed its definitive proxy statement (DEF 14A) on December 19, 2024, for its fiscal year ending September 30, 2025. The filing, which does not require a fee, pertains to the company's annual shareholder meeting and related corporate governance matters. Edgewell Personal Care, formerly Energizer Holdings Inc., is headquartered in Shelton, CT.
Why It Matters
This filing provides shareholders with crucial information regarding upcoming votes, executive compensation, and board nominations, enabling informed participation in the company's governance.
Risk Assessment
Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new material financial information or strategic announcements.
Key Players & Entities
- EDGEWELL PERSONAL CARE Co (company) — Registrant
- ENERGIZER HOLDINGS INC (company) — Former Company Name
- 0001104659-24-130018 (dollar_amount) — Accession Number
- 20241219 (dollar_amount) — Filing Date
- 20250206 (dollar_amount) — Period of Report
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing, or Definitive Proxy Statement, is used by companies to solicit proxies from shareholders for their annual or special meetings, providing details on matters to be voted upon, such as director elections and executive compensation.
When is Edgewell Personal Care's fiscal year end?
Edgewell Personal Care's fiscal year ends on September 30.
What was Edgewell Personal Care's former name?
Edgewell Personal Care was formerly known as Energizer Holdings Inc.
On what date was this DEF 14A filed?
This DEF 14A filing was filed on December 19, 2024.
Does this filing require a fee?
No, the filing explicitly states 'No fee required.'
Filing Stats: 4,367 words · 17 min read · ~15 pages · Grade level 15.5 · Accepted 2024-12-19 09:02:20
Key Financial Figures
- $90 million — nce Highlights Returned approximately $90 million to shareholders in the form of $59 mill
- $59 million — million to shareholders in the form of $59 million in share repurchases and $31 million of
- $31 million — of $59 million in share repurchases and $31 million of dividends in the full fiscal year.
- $740.8 m — kin Care net sales for fiscal 2024 were $740.8 million, an increase of $35.3 million, or
- $35.3 m — 024 were $740.8 million, an increase of $35.3 million, or 5%. Organic net sales increas
- $32.8 m — ion, or 5%. Organic net sales increased $32.8 million, or 4.6%, driven by Sun Care grow
Filing Documents
- tm2424020d3_def14a.htm (DEF 14A) — 2575KB
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- 0001104659-24-130018.txt ( ) — 15157KB
- epc-20240930.xsd (EX-101.SCH) — 10KB
- epc-20240930_def.xml (EX-101.DEF) — 7KB
- epc-20240930_lab.xml (EX-101.LAB) — 34KB
- epc-20240930_pre.xml (EX-101.PRE) — 6KB
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EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 23 NEO Snapshot 24 Fiscal 2024 Performance Highlights 24 Principles of the Edgewell Compensation Program 25 Compensation Policies and Governance Practices 27 Compensation Benchmarking 28 Results of 2024 Advisory Vote to Approve Executive Compensation 29 Summary and Key Elements of Executive Compensation in Fiscal 2024 29 Executive Officer Stock Ownership Requirements 36 Anti-Hedging Policy 36 Incentive Compensation Recoupment Policy 36
Executive Compensation Tables
Executive Compensation Tables 38 HUMAN CAPITAL & COMPENSATION COMMITTEE REPORT 48 Potential Payments Upon Termination or Change in Control 49 Death, Permanent Disability or Termination of Employment 49 Executive Severance Plan 50 Change in Control of the Company 51 Chief Executive Officer Pay Ratio Disclosure 53 TABLE OF CONTENTS Page Equity Compensation Plan Information 54 Pay versus Performance 55 Stock Ownership Information 58 Five Percent Owners of Common Stock 58 59 PROPOSALS
Election of Directors
Item 1. Election of Directors 63
Ratification of Appointment of the Independent Auditor
Item 2. Ratification of Appointment of the Independent Auditor 65
Advisory Vote on Executive Compensation
Item 3. Advisory Vote on Executive Compensation 69 PROXY STATEMENT—VOTING PROCEDURES & MEETING FAQs 70 ADDITIONAL INFORMATION 72 Certain Relationships and Related Transactions 72 Other Business 72 Delivery of Documents 73 Shareholder Proposals for 2026 Annual Meeting 73 Appendix A : Reconciliation of Non-GAPP Financial Measures A-1
Forward-Looking Statements
Forward-Looking Statements Certain statements in this proxy statement, including estimates, projections, objectives and expected results and including statements relating to our environmental sustainability, equality and inclusion, and other ESG targets, estimates, projections, goals, commitments, and expected results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are generally identified by the words "believe," "expect," "anticipate," "intend," "opportunity," "plan," "project," "will," "should," "could," "would," "likely" and similar expressions. Forward-looking statements are based on current assumptions that are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements, including the risks and uncertainties discussed in Item 1A—Risk Factors of the Form 10-K included in our 2024 Annual Report. Such forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise publicly any forward-looking statements, except as required by law. Non-Incorporation of Other Materials Information on the Company's website, reports or social media feeds is not part of or incorporated by reference in this proxy statement. This proxy statement may identify additional resources that can be found on the Company's websites. These additional resources, reports, disclosures, and policies are not part of or incorporated by reference in this proxy statement. TABLE OF CONTENTS GLOSSARY OF TERMS Commonly Used Terms in this Proxy Statement ASC Accounting Standards Codification Board Edgewell's Board of Directors CEO Chief Executive Officer CFO Chief Financial Officer CIC Change in Control Plan CPG Consumer Packaged Goods EBIT