https://www.avient.com/sites/default/files/2024-10/Compensation Committee Charter - Final.pdf
• Each Committee member will serve at the pleasure of the Board for such term as the Board
may decide or until such Committee member is no longer a Board member.
In determining the long-term incentive component of the Chief Executive Officer’s
compensation, consider the Company’s performance and relative shareholder return, the
value of similar incentive awards to chief executive officers at comparable companies, and
the awards given to the Chief Executive Officer in the past
Review and approve the terms of all employment agreements, executive severance plan and
agreements, management continuity agreements and change in control agreements for elected
officers
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
Senior secured revolving credit facility due 2026 $ — $ —
Senior secured term loan due 2026 — 423.6
Senior secured term loan due 2029 709.0 385.5
5.75% senior notes due 2025 647.2 645.2
7.125% senior notes due 2030 716.2 714.9
Other Debt 7.6 9.7
Total Debt $ 2,080.0 $ 2,178.9
Less short-term debt 9.5 2.2
Total long-term debt, net of current portion $ 2,070.5 $ 2,176.7
On August 16, 2023, the Company refinanced its senior secured term loans by amending its Credit Agreement (the
Term Loan Amendment).
The
amendment also aligned and reduced the interest rates per annum, which now are either (i) Adjusted Term SOFR
(as defined in the Term Loan Amendment) plus 2.50%, or (ii) a Base Rate (as defined in the Term Loan Amendment)
plus 1.50%.
The
amendment also aligned and reduced the interest rates per annum, which now are either (i) Adjusted Term SOFR
(as defined in the Term Loan Amendment) plus 2.50%, or (ii) a Base Rate (as defined in the Term Loan Amendment)
plus 1.50%.
https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
Long-Term Incentive.
The
2017 long-term incentive program awards were granted under the Long-Term Incentive Plan.
The SARs have an exercise term of ten years.
https://www.avient.com/sites/default/files/2023-12/CAI W_C - Product Selection Guide EMEA_0.pdf
UV Light Stabilizers
Cesa™ Light Additives Long-term protection against weather degradation.
Repellant Additives
Cesa™ Aversive Technology Long-term protection against rats and termites.
For certain ranges, the following colors are also available for short-term delivery.
1.844.4AVIENT
www.avient.com
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/resources/PolyOne%25202011%2520Annual%2520Report.pdf
We offer payment terms to our customers that are competitive.
Net cash used by financing activities in 2009 reflects the repayment of short-
term debt and our 6.91% medium-term notes.
Treasury bills of the same duration as the expected option term.
https://www.avient.com/sites/default/files/resources/Proxy%2520Statement%2520for%2520Web%2520Hosting.pd_.pdf
Pay-for-Performance: 2018 Compensation Outcomes.
2018 Annual Incentive Program:
-2018 Long-Term Incentive Program:
Listening to Shareholders.
Base
Salary
Annual
Incentive
Long-
Term
Consolidated
Company
Adjusted
60%
Consolidated
Company
Revenue
25%
Consolidated
Company
Working Capital
as a Percentage
of Sales
15%
Corporate Annual Plan
Weightings
Adjusted
Operating Income
(Business Unit
results)
40%
Adjusted
Operating Income
(consolidated
Company results)
20%
Business Unit
Revenue
25%
Business
Segment
Working Capital
as a Percentage
of Sales
15%
Business Unit Annual Plan
Weightings
2018 Corporate Plan (Patterson, Richardson, Garratt, Kunkle)
Measure Weighting Threshold Target Maximum Results Payout %
2018 CAI Plan (Crist)
Measure Weighting Threshold Target Maximum Results Payout %
Long-Term Incentive.
Cash-Settled
Performance
Units
30%
Stock
Appreciation
Rights
35%
Restricted
Stock Units
35%
2018 Long-Term Incentive Plan
Vehicles and Weightings
Performance Period Weighting
Stock-Settled Stock Appreciation Rights.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-english.pdf
Third, whatever the setting, never discuss prices,
terms of sale, output levels, or allocating customers
or markets with any competitor.
Types of vertical
restraints, include:
• Resale Price—An agreement with a customer to fix or
otherwise affect prices, terms, or conditions of resale
Another category of antitrust
offenses (under the Robinson-Patman Act) involves
discrimination in prices or terms of sale.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
Long-Term Incentive.
The SARs have an exercise term of ten
years.
Patterson’s
outstanding long-term incentive awards will continue to vest in accordance with their terms in
connection with his continued employment as Special Advisor.
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
The Term Loan Amendment also
modified the interest rates per annum applicable to the Senior Secured Term Loan due 2026, which are either (i)
Adjusted Term SOFR (as defined in the Term Loan Amendment) plus 3.06% or (ii) a Base Rate (as defined in the
Term Loan Amendment) plus 2.06%.
The other terms and conditions that apply to the 2029 Term Loan are
substantially the same as the terms and conditions that applied to the existing term loan under the Credit Agreement
immediately prior to the Term Loan Amendment.
The
other terms and conditions that apply to the 2029 Term Loan are substantially the same as the terms and conditions
that applied to the existing term loan under the Credit Agreement immediately prior to the Term Loan Amendment.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
We completed the acquisition of
APM and the sale of our Distribution business, and are using the net proceeds to pay down near-
term maturing debt as previously announced.”
These moves serve us well in the near term as we navigate current
macroeconomic and geopolitical uncertainty and in the future as we are very well positioned to
benefit from longer term demand trends for sustainable solutions.”
In addition, operating income before the effect of special items is
a component of Avient annual and long-term employee incentive plans and is used in debt covenant computations.