Spectrum Brands Holdings, Inc. Files 10-K/A Amendment No. 1 for FY 2023

Ticker: SPB · Form: 10-K/A · Filed: Jan 25, 2024 · CIK: 109177

Complexity: simple

Sentiment: neutral

Topics: Spectrum Brands, 10-K/A, Annual Report, SEC Filing, Amendment

TL;DR

<b>Spectrum Brands Holdings, Inc. has filed an amendment to its 2023 annual report, providing updated information.</b>

AI Summary

Spectrum Brands Holdings, Inc. (SPB) filed a Amended Annual Report (10-K/A) with the SEC on January 25, 2024. Spectrum Brands Holdings, Inc. filed an amendment (10-K/A) to its annual report for the fiscal year ended September 30, 2023. The filing was made on January 25, 2024. The company's principal executive offices are located at 3001 Deming Way, Middleton, WI 53562. Spectrum Brands Holdings, Inc. is incorporated in Delaware. SB/RH Holdings, LLC, also a Delaware limited liability company, is associated with this filing.

Why It Matters

For investors and stakeholders tracking Spectrum Brands Holdings, Inc., this filing contains several important signals. This amendment indicates that the company is providing updated or corrected information for its fiscal year 2023 annual report. The filing is a standard procedural step for public companies to ensure all required disclosures are accurate and complete as of the reporting date.

Risk Assessment

Risk Level: low — Spectrum Brands Holdings, Inc. shows low risk based on this filing. The filing is an amendment to a routine annual report, suggesting it's for clarification or minor updates rather than significant negative events.

Analyst Insight

Review the specific changes within the 10-K/A filing to understand the nature of the amendments made by Spectrum Brands Holdings, Inc.

Key Numbers

Key Players & Entities

FAQ

When did Spectrum Brands Holdings, Inc. file this 10-K/A?

Spectrum Brands Holdings, Inc. filed this Amended Annual Report (10-K/A) with the SEC on January 25, 2024.

What is a 10-K/A filing?

A 10-K/A is a amendment to a previously filed annual report, correcting or updating financial statements or disclosures. This particular 10-K/A was filed by Spectrum Brands Holdings, Inc. (SPB).

Where can I read the original 10-K/A filing from Spectrum Brands Holdings, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Spectrum Brands Holdings, Inc..

What are the key takeaways from Spectrum Brands Holdings, Inc.'s 10-K/A?

Spectrum Brands Holdings, Inc. filed this 10-K/A on January 25, 2024. Key takeaways: Spectrum Brands Holdings, Inc. filed an amendment (10-K/A) to its annual report for the fiscal year ended September 30, 2023.. The filing was made on January 25, 2024.. The company's principal executive offices are located at 3001 Deming Way, Middleton, WI 53562..

Is Spectrum Brands Holdings, Inc. a risky investment based on this filing?

Based on this 10-K/A, Spectrum Brands Holdings, Inc. presents a relatively low-risk profile. The filing is an amendment to a routine annual report, suggesting it's for clarification or minor updates rather than significant negative events.

What should investors do after reading Spectrum Brands Holdings, Inc.'s 10-K/A?

Review the specific changes within the 10-K/A filing to understand the nature of the amendments made by Spectrum Brands Holdings, Inc. The overall sentiment from this filing is neutral.

How does Spectrum Brands Holdings, Inc. compare to its industry peers?

Spectrum Brands Holdings, Inc. operates in the consumer products sector, manufacturing and marketing a range of branded products.

Are there regulatory concerns for Spectrum Brands Holdings, Inc.?

The company is subject to standard SEC reporting requirements for publicly traded entities, including the filing of annual reports (10-K) and amendments.

Industry Context

Spectrum Brands Holdings, Inc. operates in the consumer products sector, manufacturing and marketing a range of branded products.

Regulatory Implications

The company is subject to standard SEC reporting requirements for publicly traded entities, including the filing of annual reports (10-K) and amendments.

What Investors Should Do

  1. Analyze the content of Amendment No. 1 to the 10-K filing for specific disclosures.
  2. Verify the accuracy of company address and incorporation details provided in the filing.
  3. Note the dual filing entities: Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC.

Year-Over-Year Comparison

This is an amendment (10-K/A) to the previously filed annual report for the fiscal year ended September 30, 2023.

Filing Stats: 4,545 words · 18 min read · ~15 pages · Grade level 10.9 · Accepted 2024-01-25 16:32:46

Key Financial Figures

Filing Documents

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 4

EXECUTIVE COMPENSATION

ITEM 11. EXECUTIVE COMPENSATION 17

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 37

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 38 PART I V 39

EXHIBITS, FINANCIAL STATEMENTS AND SCHEDULES

ITEM 15. EXHIBITS, FINANCIAL STATEMENTS AND SCHEDULES 39 EXHIBIT INDEX 39

SIGNATURES

SIGNATURES 42 2 Table of Contents EXPLANATORY NOTE Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC are filing this Amendment No. 1 (this "Form 10-K/A") to their Annual Report on Form 10-K for the fiscal year ended September 30, 2023 ("Fiscal 2023") that was filed with the Securities and Exchange Commission ("SEC") on November 21, 2023 (the "Original Form 10-K") for the sole purpose of including certain of the information required by Part III of Form 10-K. As required by Rule 12b-15, in connection with this Form 10-K/A, the Company's Principal Executive Officer and Principal Financial Officer are providing Rule 13a-14(a) certifications included herein. Except as explicitly set forth herein, this Form 10-K/A does not purport to modify or update the disclosures in, or exhibits to, the Original Form 10-K or to update the Original Form 10-K to reflect events occurring after the date of such filing. 3 Table of Contents PART III E xcept as otherwise specified, all references herein to the "Company," "Spectrum Brands," "we," "us" or "our" refer to Spectrum Brands Holdings, Inc. and "Fiscal" refers to the fiscal year ended September 30 of each applicable year .

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE Our Board of Directors In accordance with our Third Restated By-Laws (our "By-Laws") and our Amended and Restated Certificate of Incorporation (our "Charter"), our Board currently consists of seven members that are currently divided into three classes (designated as Class I, Class II and Class III, respectively). In August 2021, at our annual stockholders' meeting, our stockholders approved an amendment to our Charter to declassify our Board. We are two-thirds of the way completed in the declassification process, which we expect to complete at our 2024 annual stockholders meeting. Pursuant to such charter amendment (i) our current Class I directors stood for election at our 2022 annual meeting and have stood, and will continue to stand, for election for one-year terms thereafter, (ii) our current Class II directors stood for election at our 2023 annual meeting and will stand for election for one-year terms thereafter, (iii) our current Class III directors will stand for election at our 2024 annual meeting and will stand for election for one-year terms thereafter and (iv) beginning in 2024, all directors will stand for election for one-year terms at the 2024 annual meeting. Our Nominating and Corporate Governance Committee ("NCG Committee") considers and chooses nominees for our Board with the primary goal of presenting a diverse and well-qualified slate of candidates who will serve the interests of our Company and our shareholders, taking into account the attributes of each candidate's professional skill set and credentials, as well as gender, age, ethnicity and personal background. In evaluating nominees, our NCG Committee reviews each candidate's background and assesses each candidate's independence, skills, experience and expertise based upon a number of factors. We seek directors with the highest professional and personal ethics, integrity and character who have experience at the governance an

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