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Spectrum Brands Holdings, Inc., et al. – ‘10-Q’ for 12/30/18 – ‘EX-10.2’

On:  Thursday, 2/7/19, at 4:15pm ET   ·   For:  12/30/18   ·   Accession #:  109177-19-15   ·   File #s:  1-04219, 333-192634-03

Previous ‘10-Q’:  ‘10-Q’ on 8/8/18 for 6/30/18   ·   Next:  ‘10-Q’ on 5/8/19 for 3/31/19   ·   Latest:  ‘10-Q’ on 2/8/24 for 12/31/23   ·   8 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/07/19  Spectrum Brands Holdings, Inc.    10-Q       12/30/18  115:19M
          SB/RH Holdings, LLC

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.55M 
 2: EX-10.2     Material Contract                                   HTML     44K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     40K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     39K 
 5: EX-31.3     Certification -- §302 - SOA'02                      HTML     39K 
 6: EX-31.4     Certification -- §302 - SOA'02                      HTML     39K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     36K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     36K 
 9: EX-32.3     Certification -- §906 - SOA'02                      HTML     36K 
10: EX-32.4     Certification -- §906 - SOA'02                      HTML     36K 
17: R1          Document And Entity Information                     HTML     56K 
18: R2          Condensed Consolidated Statements Of Financial      HTML    152K 
                Position                                                         
19: R3          Condensed Consolidated Statements Of Income         HTML    154K 
20: R4          Condensed Consolidated Statements Of Comprehensive  HTML    124K 
                Income                                                           
21: R5          Condensed Consolidated Statements Of Shareholder's  HTML     93K 
                Equity                                                           
22: R6          Condensed Consolidated Statements Of Cash Flows     HTML    173K 
23: R7          Description Of Business                             HTML     57K 
24: R8          Basis Of Presentation And Significant Accounting    HTML     73K 
                Policies                                                         
25: R9          Divestitures                                        HTML    280K 
26: R10         Acquisitions                                        HTML     60K 
27: R11         Restructuring And Related Charges                   HTML    137K 
28: R12         Revenue Recognition                                 HTML     80K 
29: R13         Receivables And Concentration Of Credit Risk        HTML     39K 
30: R14         Inventories                                         HTML     47K 
31: R15         Property, Plant And Equipment                       HTML     54K 
32: R16         Goodwill And Intangible Assets                      HTML    119K 
33: R17         Debt                                                HTML    197K 
34: R18         Derivatives                                         HTML    228K 
35: R19         Fair Value Of Financial Instruments                 HTML     97K 
36: R20         Employee Benefit Plans                              HTML     74K 
37: R21         Share Based Compensation                            HTML    133K 
38: R22         Income Taxes                                        HTML     47K 
39: R23         Related Party Transactions                          HTML     40K 
40: R24         Commitments And Contingencies                       HTML     39K 
41: R25         Segment Information                                 HTML    147K 
42: R26         Earnings Per Share - SBH                            HTML     83K 
43: R27         Guarantor Statements - SB/RH                        HTML    923K 
44: R28         Basis Of Presentation And Significant Accounting    HTML     78K 
                Policies (Policy)                                                
45: R29         Divestitures (Tables)                               HTML    262K 
46: R30         Acquisitions (Tables)                               HTML     49K 
47: R31         Restructuring And Related Charges (Tables)          HTML    135K 
48: R32         Revenue Recognition (Tables)                        HTML     77K 
49: R33         Inventories (Tables)                                HTML     47K 
50: R34         Property, Plant And Equipment (Tables)              HTML     52K 
51: R35         Goodwill And Intangible Assets (Tables)             HTML    119K 
52: R36         Debt (Tables)                                       HTML    190K 
53: R37         Derivatives (Tables)                                HTML    222K 
54: R38         Fair Value Of Financial Instruments (Tables)        HTML     94K 
55: R39         Employee Benefit Plans (Tables)                     HTML     73K 
56: R40         Share Based Compensation (Tables)                   HTML    130K 
57: R41         Income Taxes (Tables)                               HTML     41K 
58: R42         Segment Information (Tables)                        HTML    131K 
59: R43         Earnings Per Share - SBH (Tables)                   HTML     81K 
60: R44         Guarantor Statements - SB/RH (Tables)               HTML    924K 
61: R45         Description Of Business (Narrative) (Details)       HTML     32K 
62: R46         Basis Of Presentation And Significant Accounting    HTML     57K 
                Policies (Narrative) (Details)                                   
63: R47         Divestitures (Narrative) (Details)                  HTML    105K 
64: R48         Divestitures (Summary Of Components Of Income From  HTML     74K 
                Discontinued Operations, Net Of Tax) (Details)                   
65: R49         Divestitures (Summary Of Assets And Liabilities As  HTML    111K 
                Held For Sale) (Details)                                         
66: R50         Divestitures (Summary Of Components Of Income From  HTML     69K 
                Discontinued Operations Before Income Taxes)                     
                (Details)                                                        
67: R51         Divestitures (Summary Of Components Of Income From  HTML     79K 
                HRG Insurance Discontinued Operations) (Details)                 
68: R52         Divestitures (Summary Of Effect Change In HPC)      HTML     82K 
                (Details)                                                        
69: R53         Acquisitions (Narrative) (Details)                  HTML     43K 
70: R54         Acquisitions (Summary Of Acquisition And            HTML     42K 
                Integration Related Charges) (Details)                           
71: R55         Restructuring And Related Charges (Narrative)       HTML     41K 
                (Details)                                                        
72: R56         Restructuring And Related Charges (Summary Of       HTML     51K 
                Restructuring And Related Charges) (Details)                     
73: R57         Restructuring And Related Charges (Summary Of       HTML     47K 
                Costs Incurred And Cumulative Costs By Cost Type)                
                (Details)                                                        
74: R58         Restructuring And Related Charges (Rollforward Of   HTML     49K 
                Restructuring Accrual) (Details)                                 
75: R59         Restructuring And Related Charges (Summary Of       HTML     54K 
                Costs Incurred By Reporting Segment) (Details)                   
76: R60         Revenue Recognition (Disaggregation Of Revenue)     HTML     79K 
                (Details)                                                        
77: R61         Receivables And Concentration Of Credit Risk        HTML     52K 
                (Narrative) (Details)                                            
78: R62         Inventories (Schedule Of Inventories) (Details)     HTML     43K 
79: R63         Property, Plant And Equipment (Schedule Of          HTML     56K 
                Property, Plant And Equipment) (Details)                         
80: R64         Goodwill And Intangible Assets (Narrative)          HTML     42K 
                (Details)                                                        
81: R65         Goodwill And Intangible Assets (Changes In The      HTML     47K 
                Carrying Amount Of Goodwill By Reporting Segment)                
                (Details)                                                        
82: R66         Goodwill And Intangible Assets (Schedule Of         HTML     48K 
                Carrying Value And Accumulated Amortization For                  
                Intangible Assets) (Details)                                     
83: R67         Goodwill And Intangible Assets (Schedule Of Range   HTML     49K 
                And Weighted Average Useful Lives For                            
                Definite-Lived Intangible Assets) (Details)                      
84: R68         Goodwill And Intangible Assets (Schedule Of Future  HTML     44K 
                Amortization Expense) (Details)                                  
85: R69         Debt (Narrative) (Details)                          HTML     81K 
86: R70         Debt (Schedule Of Debt) (Details)                   HTML    136K 
87: R71         Derivatives (Narrative) (Details)                   HTML     67K 
88: R72         Derivatives (Schedule Of Commodity Swap Contracts   HTML     37K 
                Outstanding) (Details)                                           
89: R73         Derivatives (Schedule Of Fair Value Of Outstanding  HTML     63K 
                Derivative Instruments) (Details)                                
90: R74         Derivatives (Summary Of Loss Associated With        HTML     64K 
                Derivative Contracts Not Designated As Hedges)                   
                (Details)                                                        
91: R75         Derivatives (Summary Of Impact Of Derivative        HTML     37K 
                Instruments) (Details)                                           
92: R76         Fair Value Of Financial Instruments (Schedule Of    HTML     52K 
                Carrying Values And Fair Values For Financial                    
                Instruments) (Details)                                           
93: R77         Employee Benefit Plans (Narrative) (Details)        HTML     33K 
94: R78         Employee Benefit Plans (Components Of Net Periodic  HTML     66K 
                Benefit Cost) (Details)                                          
95: R79         Share Based Compensation (Narrative) (Details)      HTML     70K 
96: R80         Share Based Compensation (Summary Of Share Based    HTML     34K 
                Compensation Expense) (Details)                                  
97: R81         Share Based Compensation (Summary Of Activity Of    HTML     45K 
                The RSUs Granted) (Details)                                      
98: R82         Share Based Compensation (Summary Of RSU Activity)  HTML     74K 
                (Details)                                                        
99: R83         Income Taxes (Narrative) (Details)                  HTML     47K 
100: R84         Income Taxes (Schedule Of Effective Tax Rate)       HTML     37K  
                (Details)                                                        
101: R85         Related Party Transactions (Narrative) (Details)    HTML     59K  
102: R86         Commitments And Contingencies (Narrative)           HTML     39K  
                (Details)                                                        
103: R87         Segment Information (Net Sales Relating To          HTML     45K  
                Segments) (Details)                                              
104: R88         Segment Information (Schedule Of Segment            HTML     94K  
                Information) (Details)                                           
105: R89         Earnings Per Share - SBH (Narrative) (Details)      HTML     40K  
106: R90         Earnings Per Share - SBH (Schedule Of Earnings Per  HTML     91K  
                Share) (Details)                                                 
107: R91         Earnings Per Share - SBH (Schedule Of Weighted      HTML     45K  
                Average Shares) (Details)                                        
108: R92         Guarantor Statements - SB/RH (Narrative) (Details)  HTML     42K  
109: R93         Guarantor Statements - SB/RH (Statement Of          HTML    212K  
                Financial Position) (Details)                                    
110: R94         Guarantor Statements - SB/RH (Statement Of Income)  HTML    130K  
                (Details)                                                        
111: R95         Guarantor Statements - SB/RH (Statement Of          HTML     84K  
                Comprehensive Income) (Details)                                  
112: R96         Guarantor Statements - SB/RH (Statement Of Cash     HTML    131K  
                Flows) (Details)                                                 
114: XML         IDEA XML File -- Filing Summary                      XML    218K  
113: EXCEL       IDEA Workbook of Financial Reports                  XLSX    144K  
11: EX-101.INS  XBRL Instance -- spb-20181230                        XML   6.62M 
13: EX-101.CAL  XBRL Calculations -- spb-20181230_cal                XML    264K 
14: EX-101.DEF  XBRL Definitions -- spb-20181230_def                 XML   1.31M 
15: EX-101.LAB  XBRL Labels -- spb-20181230_lab                      XML   1.85M 
16: EX-101.PRE  XBRL Presentations -- spb-20181230_pre               XML   1.65M 
12: EX-101.SCH  XBRL Schema -- spb-20181230                          XSD    249K 
115: ZIP         XBRL Zipped Folder -- 0000109177-19-000015-xbrl      Zip    323K  


‘EX-10.2’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C:   C: 
  20181230 Form 10Q - Q1F19 - Exhibit 102  

Exhibit 10.2

FORM AGREEMENT

This Agreement (“Agreement”), dated as of January 28, 2019,  to that certain amended and restated employment agreement by and between [Executive’s Name]  (“Executive”) and Spectrum Brands Legacy Inc., (f/k/a Spectrum Brands Holdings, Inc.) (“Legacy Spectrum”) and Spectrum Brands Inc. (the “Employment Agreement”). 

WHEREAS, Executive is a party to that certain separation agreement (the “Separation Agreement”) dated as of [Date] with Spectrum Brands Holdings Inc. (f/k/a HRG Group, Inc.) (“New Spectrum”);  

WHEREAS, New Spectrum and Legacy Spectrum desire for New Spectrum to become a party to the Employment Agreement and to clarify certain matters contained in the Separation Agreement; and

WHEREAS, on July 13, 2018, pursuant to the merger between Legacy Spectrum and New Spectrum (the “Merger”), Legacy Spectrum became a subsidiary of New Spectrum and Executive was [Executive’s position with New Spectrum]  the Board of New Spectrum and as a result certain terms of the Separation Agreement are no longer necessary or desirable (including certain terms that would limit the Executive’s ability to carry on duties with respect to New Spectrum).

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows:

1.

[New Spectrum shall become a party to the Employment Agreement along with Legacy Spectrum and Spectrum Brands, Inc.  All references in the Employment Agreement to Parent shall refer to both New Spectrum and Legacy Spectrum and references to the Compensation Committee or the Board in the Employment Agreement may be satisfied by action of the Compensation Committee or the Board of New Spectrum.]

2.

[New Spectrum hereby agrees that upon execution of this Agreement,  it shall become a party to the Employment Agreement and shall be fully bound by it and agrees to the modifications to the Separation Agreement as set forth herein.]

3.

The provisions in the Separation Agreement which restrict the Executive from carrying out his duties and obligations with respect to and on behalf of New Spectrum shall be of no further force and effect. In addition, with regards to the options granted to the Executive by HRG Group, Inc. (which is now New Spectrum) prior to the Merger and the separation from the Executive, which generally permitted the exercise of such options for ten years from the date of grant (subject to certain permitted exceptions), New Spectrum hereby waives the reduced exercise period applicable to such options pursuant to the Separation Agreement and provides that such options (to the extent not previously exercised) may continue to be exercisable for the original ten years from the date of grant (or such earlier date as provided under Sections 12 and 13 of the Spectrum Brands Holdings, Inc. Equity Plan).

1

 


 

Exhibit 10.2

4.

Each party hereby agrees to execute and deliver all such further instruments and documents and take all such other actions as the other party may reasonably request in order to carry out the intent and purposes of this Agreement.

5.

This Agreement and the rights of the parties hereunder shall be interpreted in accordance with the laws of the State of Delaware, and all rights and remedies shall be governed by such laws without regard to principles of conflicts of laws.

6.

This Agreement may be executed in counterparts each of which, taken together, shall constitute one and the same original.



[Name of Executive]

_____________________________

Date: January 28, 2019





Spectrum Brands Holdings, Inc.


____________________________
Name: 
Title:

Date:  January 28, 2019



Spectrum Brands Legacy, Inc.


____________________________
Name: 
Title:

Date:  January 28, 2019



2

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:2/7/198-K,  SC 13G
1/28/1910-K/A,  8-K
For Period end:12/30/18
7/13/183,  4,  4/A,  8-K,  8-K/A,  SC 13D/A
 List all Filings 


8 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/25/24  Spectrum Brands Holdings, Inc.    10-K/A      9/30/23   16:2.2M
11/21/23  Spectrum Brands Holdings, Inc.    10-K        9/30/23  162:24M
 1/26/23  Spectrum Brands Holdings, Inc.    10-K/A      9/30/22   16:1.3M                                   Donnelley … Solutions/FA
11/22/22  Spectrum Brands Holdings, Inc.    10-K        9/30/22  165:27M
 1/21/22  Spectrum Brands Holdings, Inc.    10-K/A      9/30/21   16:2M                                     Donnelley … Solutions/FA
11/23/21  Spectrum Brands Holdings, Inc.    10-K        9/30/21  161:26M
 1/27/21  Spectrum Brands Holdings, Inc.    10-K/A      9/30/20   16:1.9M                                   Donnelley … Solutions/FA
11/18/20  Spectrum Brands Holdings, Inc.    10-K        9/30/20  154:27M
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