https://www.avient.com/sites/default/files/2023-12/Avient_Health_And_Safety_Policy_Dec_18_2023.pdf
Ashish Khandpur
President and CEO
December 18, 2023
https://www.avient.com/sites/default/files/2022-05/Avient_Health_And_Safety_Policy_2022 Update.pdf
Bob Patterson
Chairman, President, and CEO
February 2, 2022
https://www.avient.com/sites/default/files/2020-03/2020proxy.pdf
NOTICE OF 2020
ANNUAL MEETING OF SHAREHOLDERS
AND PROXY STATEMENT
PolyOne Corporation
PROPOSAL 1 — ELECTION OF BOARD OF DIRECTORS ............................................................................................................ 11
PROPOSAL 2 — ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION ............................ 16
PROPOSAL 3 — APPROVAL OF THE POLYONE CORPORATION 2020 EQUITY AND INCENTIVE
COMPENSATION PLAN .........................................................................................................................................17
PROPOSAL 4 — RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM ................................................................................................................................................30
MESSAGE FROM OUR CEO
Your vote is very important.
Exercise or Base Price of Option Awards (column (i))
Grant Date Fair Value of Stock and Option Awards (column (j))
Narrative Disclosure Relating to the 2019 Summary Compensation Table and the 2019 Grants
of Plan-Based Awards Table
Outstanding Equity Awards at 2019 Fiscal Year-End
Exercise
Price
Expiration
Date
Market
Value of
Shares or
Units of
Stock That
Have Not
Vested
(h)
Equity Incentive
Plan Awards:
Market or Payout
Value of Unearned
Shares, Units or
Other Rights that
Have Not Vested
Stock Awards
Equity Incentive
Plan Awards:
Number of
Securities
Underlying
Unearned
Options
(d)
Equity Incentive
Plan Awards:
Number of
Unearned Shares,
Units or Other
Rights that Have
Not Vested
Number of
Shares or
Units of Stock
That Have Not
Vested
Number of
Underlying
Options (#)
Unexercisable
Number of
Underlying
Options (#)
Exercisable
Option Awardsp
( ) ( ) (j)( )( )( ) (g)( )( )( )
Number of Securities Underlying Unexercised Options (#) Exercisable (column (b))
Number of Securities Underlying Unexercised Options (#) Unexercisable (column (c))
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (column (d))
Option Exercise Price (column (e))
Option Expiration Date (column (f))
Number of Shares or Units of Stock That Have Not Vested (column (g))
Market Value of Shares or Units of Stock That Have Not Vested (column (h))
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
(column (i))
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have
Not Vested (column (j))
2019 Option Exercises and Stock Vested
Option Awards Stock Awards
Number of Shares
Acquired on Exercise
Value Realized on
Exercise
($)
Number of Shares
Acquired on Vesting
Value Realized
on Vesting
($)
Stock Awards (columns (d) and (e))
2019 Nonqualified Deferred Compensation
Aggregate Executive Registrant Aggregate Aggregate Aggregate
Balance at Contributions Contributions Earnings Withdrawals/ Balance at
12/31/2018 in Last FY in Last FY in Last FY Distributions Last FYE
($)(1) ($)(2) ($)(3) ($)(4) ($) ($)(1)(5)
Potential Payments Upon Termination or Change of Control
Summary of Potential Payments
Management Continuity Agreements
Executive Severance Plan
Long-Term Incentive Awards
Retirement Benefits
Payments and Benefits Upon Termination — As of the End of Fiscal Year 2019
Name Benefits and Payments
Voluntary
Termination
Retirement (1) t
($) Disabilitytt ($)
Death
Involuntary
Termination
with Cause
Involuntary
Termination
without
Cause
vo u ta yvo u ta y
Termination
without
Cause or for
Good Reason
Following a
Change of
Control
($)( )( )( )( )y ( )( )( )y
CEO Pay Ratio Disclosure
CEO Annual Total Compensation for 2019: $6,106,632
Median Employee Annual Total Compensation for 2019: $53,371
Ratio of CEO to Median Employee Annual Total Compensation for 2019: 114:1
How the Median Employee was Determined in 2017
Compensation Committee Interlocks and Insider Participation
Risk Assessment of the Compensation Programs
Compensation Committee Report
The Compensation Committee
of the Board of Directors
MISCELLANEOUS
MISCELLANEOUS PROVISIONS
Voting at the Meeting
nott
Shareholder Proposals
MISCELLANEOUS
Proxy Solicitation
We will furnish without charge to each person from whom a proxy is being solicited, upon written
request of any such person, a copy of the Annual Report on Form 10-K of the Company for the fiscal year
ended December 31, 2019, as filed with the SEC, including the financial statements and schedules thereto.
Stock-Based Awards in Substitution for Option Rights or Awards Granted by Other
Sections 22(a) 22(b) ( ) ( )
Sections 22(a) 22(b)( ) ( )
Table Of Contents
Message From Our Ceo
Notice Of 2020 Annual Meeting Of Shareholders
Proxy Summary
Proxy Statement
Proposal 1 - Election Of Board Of Directors
Proposal 2 - Advisory Vote To Approve Named Executive Officer Compensation
Proposal 3 - Approval Of The Polyone Corporation 2020 Equity And Incentive Compensation Plan
Proposal 4 - Ratification Of Appointment Of Independent Registered Public Accounting Firm
Corporate Governance
2019 Non-employee Director Compensation
Ownership Of Polyone Shares
Compensation Discussion And Analysis
Executive Summary
Executive Compensation Philosophy And Objectives
What We Pay And Why: Elements Of Compensation
Other Aspects Of Our Compensation Programs
Executive Compensation
2019 Summary Compensation Table
2019 Grants Of Plan-based Awards
Outstanding Equity Awards At 2019 Fiscal Year-end
2019 Option Exercises And Stock Vested
2019 Nonqualified Deferred Compensation
Potential Payments Upon Termination Or Change Of Control
Ceo Pay Ratio Disclosure
Compensation Committee Interlocks And Insider Participation
Risk Assessment Of The Compensation Programs
Compensation Committee Report
Miscellaneous Provisions
Appendix A
Appendix B
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Financial%2520Review.pdf
Page 93
• Versus 2010, revenue growth of 9% drives 23% increase
in adjusted operating income
• Adjusted EPS expands 29% to all-time high of $1.02
Net Sales Adjusted Operating
$1.02
Adjusted EPS
$2,622 $2,643
$2,739
$2,061
$2,622
$2,864
Net Sales
$88 $87
$72
$59
$147
$181
Adjusted Operating
Income
$0.12
$0.27
$0.21
$0.13
$0.79
$1.02
($ millions) ($ millions)
Page 94
• Each platform contributed to our year over year
operating income growth
• Record OI achieved in Specialty and POD
• Ten quarters of double-digit adjusted EPS expansion
POD PP&SSpecialty Platform
ROS%* 0.6% 1.5% 3.2% 4.3% 5.3% 8.4% 8.0% 2.9% 2.6% 3.0% 3.5% 4.0% 4.6% 5.6% 6.7% 5.5% 6.1% 3.1% 5.0% 7.0% 7.2%
$20 $19
$22
$28
$25
$42
$56
I
POD
$76
$64 $66
$31 $33
$54
$62
In
PP&S
$5
$13
$31
$46 $46
$87 $89
I
Specialty Platform
*ROS% is defined as adjusted operating income % of revenue
Page 95
• Continued portfolio repositioning
� Sale of SunBelt equity investment
� Acquisition of specialty companies ColorMatrix and Uniplen
• World-class working capital of 9.6% maintained while
improving on-time delivery to 94%improving on-time delivery to 94%
81%
87%
88%
95%
93% 92%
94%
2005 2006 2007 2008 2009 2010 2011
14.3%
16.2%
14.4%
18.9%
11.7%
9.6% 9.6%
2005 2006 2007 2008 2009 2010 2011
On-Time Delivery Working Capital % of Sales
Page 96
First Quarter 2012 Highlights
• Revenues increased 9%
over Q1 2011 to a new
quarterly record
• Adjusted EPS increased 12%
$0.26
$0.29
Adjusted EPS
• Adjusted EPS increased 12%
over prior year
• All platforms delivered
double-digit operating
income growth
$25.2
$14.7
$29.1
$17.8
$16.7
Specialty PP&S POD
Adjusted Operating Income
$14.3
Page 97
• Total Debt at 3/31/12
Less: Cash
Net Debt
• Available Liquidity
$706
186
$520
$360
$250
$350
$400
$450 Debt Maturities
As of March 31, 2012
Debt Maturities & Liquidity Summary – 3/31/12
• Available Liquidity
Cash
ABL Availability
Total Liquidity
• Net Debt / EBITDA* = 1.9x
$186
156
$342
*Adjusted EBITDA TTM Pro forma for ColorMatrix
$50
$0
$50
$100
$150
$200
$250
2015 2017 2020
Page 98
• Repurchased 6
million shares in
2011
Share Share
RepurchaseRepurchase
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
DividendsDividends
• Expanding our
sales, marketing,
and technical
capabilities is top
Organic Organic
GrowthGrowth
• Targets that expand our:
• Specialty offering
• End market presence
AcquisitionsAcquisitions
Use of Cash
Current Cash Balance = $186M
Net Debt / EBITDA* = 1.9X
• 7.9 million shares
remain available
for repurchase
under the current
authorization
increased in Q1
2012
• Objective of
maintaining and
growing
capabilities is top
priority
• Investing in
operational and
LSS initiatives
• CAPEX
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
*Adjusted EBITDA TTM Pro forma for ColorMatrix
Page 99
Page 100
https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
Wulfsohn
56 2011 Chairman and
Chief Executive
Officer, Ashland
Global Holdings
Inc.
Patterson as Chairman of our Board and our Chief
Executive Officer (“CEO”).
Patterson is the Chairman of our Board and our CEO.
https://www.avient.com/sites/default/files/resources/Lahnstein_ISO50001.pdf
Müller, CEO SQS
66
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20
19
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A.
https://www.avient.com/sites/default/files/2020-10/avient-security-policy-august-2020.pdf
Bob Patterson
Chairman, President, and CEO
August 1, 2020
https://www.avient.com/sites/default/files/2022-05/Avient_Environmental Policy_2022 Update.pdf
Bob Patterson
Chairman, President, and CEO
February 2, 2022
https://www.avient.com/sites/default/files/2023-12/Avient_SecurityPolicy_Dec_18_2023.pdf
Ashish Khandpur
President and CEO
December 18, 2023
https://www.avient.com/sites/default/files/2023-12/Avient_Environmental Policy_Dec_18_2023.pdf
Ashish Khandpur
President and CEO
December 18, 2023