https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?rtype[]=1164
LSR will generally withstand high levels of exposure to cleaning and disinfecting chemicals, but is susceptible to attacks by concentrated solvents (gasoline, mineral spirits) and acids (sulfuric acid, carbonic acid, citric acid found in car batteries, sodas and juices).¹
https://www.avient.com/sites/default/files/resources/PolyOne%25202011%2520Annual%2520Report.pdf
The current margin percentage is (i) 1.00% per annum in the case
of base rate advances, (ii) 2.00% per annum in the case of LIBOR rate
advances.
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements as defined in Item 303(a)(4)(ii)
of Regulation S-K.
The current margin percentage is (i) 1.00% per annum in the case
of base rate advances, and (ii) 2.00% per annum in the case of LIBOR rate
advances.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Annual%2520Report.pdf
The Base Rate
is a fluctuating rate equal to the greater of (i) the Federal Funds Rate plus one-half percent, (ii) the prevailing LIBOR
Rate plus one percent, and (iii) the prevailing Prime Rate.
The Base Rate
is a fluctuating rate equal to the greater of (i) the Federal Funds Rate plus one-half percent, (ii) the prevailing LIBOR
Rate plus one percent, and (iii) the prevailing Prime Rate.
MINE SAFETY DISCLOSURES
PART II
ITEM 5.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
2024 Proxy Statement
PROXY STATEMENT 2024
NOTICE OF 2024 ANNUAL MEETING OF
SHAREHOLDERS AND PROXY STATEMENT
TABLE OF CONTENTS
Letter to Shareholders i
Notice of 2024 Annual Meeting of Shareholders ii
Record Date ii
Voting Matters and Vote Recommendations ii
Proxy Statement 1
Proxy Summary 1
Voting and Meeting Information 1
Attendance and Participation 1
Who is Eligible to Vote 1
Advance Voting Methods 2
Voting During the Annual Meeting 2
Questions 3
Company Operating Performance 3
Our Company Culture 3
The 4Ps of Sustainability at Avient 4
Impact of our Performance on Named Executive Officer 2023 Compensation 8
Our Director Nominees and Committee Membership 10
Summary of Director Nominee Skills, Experience and Background 12
Governance Highlights 14
Proposal 1 - Election of Twelve Director Nominees to Our Board of Directors 16
Proposal 2 - Approval, on an Advisory Basis, of Named Executive Officer
Compensation 23
Proposal 3 - Ratification of the Appointment of Ernst & Young LLP as Our
Independent Registered Public Accounting Firm for the Fiscal Year Ending
December 31, 2024
25
Independent Registered Public Accountant Services and Related Fee Arrangements 25
Report of the Audit Committee 26
Corporate Governance 28
Director Independence 28
Board Leadership Structure 29
Majority Voting for Directors 29
Board Oversight of Risk 29
Board Oversight of ESG and Sustainability Matters 30
Code of Ethics, Code of Conduct, and Corporate Governance Guidelines 31
Related Person Transactions 31
Communication with the Board 32
Board and Committees 32
Board Refreshment and Diversity 37
2023 Non-Employee Director Compensation 38
Non-Employee Director Compensation Highlights 38
Non-Employee Director Retainer and Meeting Fees 38
2023 Non-Employee Director Compensation Table 39
Option Awards Outstanding and Fully Vested Deferred Shares 40
Ownership of Avient Shares 41
Beneficial Ownership of Our Common Shares 41
Stock Ownership Guidelines for Non-Employee Directors 42
Compensation Discussion and Analysis 43
Executive Summary 43
Executive Compensation Philosophy and Objectives 46
What We Pay and Why: Elements of Compensation 48
Other Aspects of our Compensation Programs 54
Executive Compensation 59
2023 Summary Compensation Table 59
2023 Grants of Plan-Based Awards 62
Outstanding Equity Awards at 2023 Fiscal Year-End 64
2023 Option Exercises and Stock Vested 65
2023 Non Qualified Deferred Compensation 65
Potential Payments Upon Termination or Change of Control 66
CEO Pay Ratio Disclosure 71
Pay Versus Performance Disclosure 72
Compensation Committee Interlocks and Insider Participation 75
Risk Assessment of the Compensation Programs 75
Compensation Committee Report 76
Miscellaneous Provisions 77
Internet Availability of Proxy Materials 77
Voting at the Meeting 77
Revoking a Proxy 78
Shareholder Proposals 78
Proxy Solicitation 79
Householding of Proxy Materials 79
Appendix A A-1
In this proxy statement, statements that are not reported financial results or other historical information are “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995.
ii
PROXY STATEMENT
We are providing the enclosed proxy materials to you in connection with the solicitation by the Board of
Directors (the “Board”) of Avient Corporation ("Avient," "Avient Corporation," or the “Company”) of proxies
to be voted at the Annual Meeting of Shareholders to be held on Thursday, May 16, 2024 (the “Annual
Meeting”), and at any adjournments or postponements thereof.
REVOKING A PROXY
If you are a shareholder of record, you may revoke your proxy before it is voted by: (i) sending a written
notice to our Secretary bearing a later date than the previously delivered proxy, stating that you revoke
your proxy; (ii) mailing a completed and signed proxy card bearing a later date than the previously
delivered proxy; (iii) voting by telephone or internet at a later date than the previously delivered proxy; or
(iv) participating in the Annual Meeting and voting electronically online during the Annual Meeting.
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
Avient (i) incurred $575.0 million of borrowings under a new Senior Secured Term Loan due 2029 and (ii) issued
$725.0 million aggregate principal of the 2030 Notes to finance a portion of the APM Acquisition.
Avient (i) incurred $575.0 million of borrowings under a new Senior Secured Term Loan due 2029 and (ii) issued
$725.0 million aggregate principal of 7.125% Senior Notes due 2030 to finance a portion of the APM Acquisition.
MINE SAFETY DISCLOSURES
PART II
ITEM 5.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
POLYONE CORPORATION 19
PART II
ITEM 5.
The interest rate associated with the term loan is 300 basis points plus the greater of (i) the 1-, 2-, 3- or
6-month LIBOR, at the Company’s discretion, or (ii) 75 basis points.
The interest rate associated with the term loan is 300 basis points plus the greater of (i) the 1-, 2-, 3- or
6-month LIBOR, at the Company’s discretion, or (ii) 75 basis points.
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
2022 Proxy Statement
TABLE OF CONTENTS
Message from our CEO i
Notice of 2022 Annual Meeting of Shareholders ii
Record Date ii
Voting Matters and Vote Recommendations ii
Proxy Statement 1
Proxy Summary 1
Voting and Meeting Information 1
Attendance and Participation 1
Who is Eligible to Vote 1
Advance Voting Methods 2
Voting During the Annual Meeting 2
Questions 3
Company Operating Performance 3
Our Company Culture 4
The 4Ps of Sustainability at Avient 4
Impact of our Performance on Named Executive Officer 2021 Compensation 9
Our Director Nominees and Committee Membership 11
Summary of Director Nominee Skills, Experience and Background 12
Governance Highlights 13
Proposal 1 - Election of Twelve Director Nominees to Our Board of Directors 16
Proposal 2 - Advisory Vote to Approve Named Executive Officer Compensation 23
Proposal 3 - Ratification of the Appointment of Ernst & Young LLP as Our
Independent Registered Public Accounting Firm for the Fiscal Year Ending
December 31, 2022
25
Independent Registered Public Accountant Services and Related Fee Arrangements 25
Report of the Audit Committee 26
Corporate Governance 28
Director Independence 28
Lead Director 29
Board Leadership Structure 29
Majority Voting for Directors 29
Board Oversight of Risk 29
Board Oversight of ESG and Sustainability Matters 30
Code of Ethics, Code of Conduct and Corporate Governance Guidelines 31
Related Person Transactions 31
Communication with Board 32
Board and Committees 32
Board Refreshment and Diversity 36
2021 Non-Employee Director Compensation 38
Non-Employee Director Compensation Highlights 38
Non-Employee Director Retainer and Meeting Fees 38
2021 Non-Employee Director Compensation Table 39
Option Awards Outstanding and Fully Vested Deferred Shares 40
Ownership of Avient Shares 41
Beneficial Ownership of Our Common Shares 41
Stock Ownership Guidelines for Non-Employee Directors 42
Compensation Discussion and Analysis 43
Executive Summary 43
Executive Compensation Philosophy and Objectives 46
What We Pay and Why: Elements of Compensation 49
Other Aspects of our Compensation Programs 55
Executive Compensation 59
2021 Summary Compensation Table 59
2021 Grants of Plan-Based Awards 61
Outstanding Equity Awards at 2021 Fiscal Year-End 63
2021 Option Exercises and Stock Vested 64
2021 Non Qualified Deferred Compensation 64
Potential Payments Upon Termination or Change of Control 65
CEO Pay Ratio Disclosure 70
Compensation Committee Interlock and Insider Participation 70
Risk Assessment of the Compensation Programs 71
Compensation Committee Report 71
Miscellaneous Provisions 72
Voting at the Meeting 72
Revoking a Proxy 72
Shareholder Proposals 73
Proxy Solicitation 73
Appendix A A-1
i
MESSAGE FROM OUR CEO
Dear Fellow Shareholder:
We have decided to hold the Annual Meeting virtually because doing so enables greater shareholder
attendance and participation from any location around the world, and reduces the cost and
environmental impact of the Annual Meeting.
ii
NOTICE OF 2022 ANNUAL MEETING OF SHAREHOLDERS
Thursday, May 12, 2022
9:00 a.m.
REVOKING A PROXY
If you are a shareholder of record, you may revoke your proxy before it is voted by: (i) sending a written
notice to our Secretary bearing a later date than the previously delivered proxy, stating that you revoke
your proxy; (ii) mailing a completed and signed proxy card bearing a later date than the previously
delivered proxy; (iii) voting by telephone or internet at a later date than the previously delivered proxy; or
(iv) participating in the Annual Meeting and voting electronically online during the Annual Meeting.
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones
LSR will generally withstand high levels of exposure to cleaning and disinfecting chemicals, but is susceptible to attacks by concentrated solvents (gasoline, mineral spirits) and acids (sulfuric acid, carbonic acid, citric acid found in car batteries, sodas and juices).¹
https://www.avient.com/industries/packaging/cosmetics-packaging/skin-care
Aqueous Battery Gasket
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?ind[]=21537
LSR will generally withstand high levels of exposure to cleaning and disinfecting chemicals, but is susceptible to attacks by concentrated solvents (gasoline, mineral spirits) and acids (sulfuric acid, carbonic acid, citric acid found in car batteries, sodas and juices).¹