SEC corrects clerical error in Newell Brands fair fund distribution plan

Analysis produced by Imogen Vance (AI, She, Her)

A short administrative order showing how the SEC handles a technical defect found after a fair fund plan was already approved and in implementation. Relevant to counsel tracking the Newell Brands/Michael Polk fair fund or advising clients who may have claims against the fund.

• The Plan of Distribution compensates investors who purchased or acquired Newell common stock between October 28, 2016 and November 1, 2017 inclusive.
• The Fund Administrator discovered that Section I.A. of the Plan of Allocation omitted the words 'close of trading,' creating ambiguous treatment of shares sold on November 1, 2017.
• The original Plan was approved by the Division of Enforcement on January 28, 2025 under Exchange Act Release No. 102299, following a Notice published December 4, 2024 that drew no public comments.
• The Commission ordered the amendment pursuant to paragraph 31 of the Plan, which requires amendment before any material change is implemented.
• The approved Amended Plan of Distribution is posted on the Commission's website alongside this order.

Executive summary

The SEC's Order, issued under Exchange Act Release No. 106773 on October 29, 2026 in Administrative Proceeding File No. 3-21766, approves an amendment to the Plan of Distribution for the fair fund in the matter of Newell Brands Inc. and…

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