https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
Abernathy 69 2018 Yes M M
Richard H.
Director since: 2018
Age: 69
• Haemonetics Corporation
Former Directorships:
• Halyard Health, Inc.
• RadioShack Corp.
• Lubrizol Corp.
• Kimberly-Clark de Mexico
Richard H.
Garratt
Cash Severance Benefit (2)(8) — — — — — 1,135,506 1,600,500
Annual Incentive for Year
of Termination
— 165,506 165,506 165,506 — — —
Cash-Settled Performance
Units (3) — 513,359 513,359 513,359 — — 717,400
Restricted Stock Units (4) — 407,427 407,427 407,427 — — 661,462
Health and Welfare Benefits (6) — — — — — 107,119 107,119
Financial Planning Services (7) — — — — — — 10,000
Lump Sum for Defined
Contribution Plans
— — — — — — 66,479
PROXY STATEMENT 2024 | Annual Meeting of Shareholders 69
Name Benefits and Payments
Voluntary
Retirement(1)
($)
Disability
Death
With Cause
Cause
Cause or
for
Good
Reason
Following a
Change of
Control
Cash Severance Benefit (2)(8) — — — — — 1,256,719 1,837,500
Annual Incentive for Year
of Termination — — 206,719 206,719 — — —
Cash-Settled Performance
Units (3) — — 529,358 529,358 — — 765,400
Restricted Stock Units (4) — — 423,390 423,390 — — 716,958
SARs (4) — — — — — — —
Health and Welfare Benefits (6) — — — — — 46,037 46,037
Financial Planning Services (7) — — — — — — 10,000
Outplacement Benefits — — — — — 12,000 —
Lump Sum for Defined
Contribution Plans — — — — — — 75,440
L.K.
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
Ahrensburg, Germany 69.
The following table summarizes our liquidity as of December 31, 2023:
Cash and cash equivalents $ 545.8
Revolving credit availability 199.7
Liquidity $ 745.5
As of December 31, 2023, approximately 69% of the Company’s cash and cash equivalents resided outside the
United States.
Wulfsohn
69 AVIENT CORPORATION
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STOCK EXCHANGE LISTING
Avient's Common Stock is listed on the New York Stock Exchange, Symbol: AVNT
SHAREHOLDER INQUIRIES
If you have any questions concerning your account as a shareholder, name or address
changes, inquiries regarding stock certificates, or if you need tax information regarding your
account, please contact our transfer agent:
Equiniti Trust Company
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120-4100
Phone: 1-855-598-2615
or 1-651-450-4064
www.shareowneronline.com
Additional information about Avient, including current and historic copies of Annual
Reports on Form 10-K and other reports filed with the Securities and Exchange
Commission, is available online at www.avient.com or free of charge from:
Investor Relations
33587 Walker Road
Avon Lake, Ohio 44012
Phone: 1-440-930-1000
ANNUAL MEETING
The annual meeting of Avient will be held virtually via live webcast at 9:00 a.m.
https://www.avient.com/sites/default/files/2020-10/luxury-closures-gravi-tech-design-guide-2.0-application-specific.pdf
End of Fill
Part Length
Dynamic Pressure
Hydrostatic Pressure
P
ss
Gate End Part
FIGURE 61 - Deflection Equations
H
F
WLMax Deflection:
0.002" (0.05mm)
1 = W • H3
12
_______
bending = F • L3
48 • E • I
_______
k
Vcoolant
nmax, coolant
• Pcoolant • Cp, coolant
Dmin =
k
Vcoolant
nmax, coolant
• Pcoolant • Cp, coolant
Dmin =
k
Vcoolant
nmax, coolant
• Pcoolant • Cp, coolant
Dmin =
FIGURE 60 - Pressure vs Part Length
FIGURE 61 - Deflection equations
FIGURE 62 - For Plate Shaped Parts
FIGURE 63 - For Cylindrical Shaped Parts
Design Guide 49
• MMoldings = Combined mass of molded parts
• Cp = Specific Heat of the material
Step 3 – Heat Removal Rate
• Nlines = The total number of independent
cooling lines there are in the mold
• tc = The cooling time required by the part
(Determined in step 1)
Step 4 – Coolant Volumetric Flow Rate
• ΔTMax,Coolant = Change in coolant
Temperature During Molding (1°C)
• ρCoolant = Density of coolant
• CP = Specific heat of coolant
Step 5 – Determine Cooling Line Diameter
• ρCoolant = Density of coolant
• VCoolant = Volumetric flow rate of coolant
• μCoolant = Viscosity of coolant
• ΔPline = Max pressure drop per line
(Usually equals half of the pump capacity)
• LLine = Length of the cooling lines
COOLING LINE SPACING
k
Vcoolant
nmax, coolant
• Pcoolant • Cp, coolant
Dmin =
k
Vcoolant
nmax, coolant
• Pcoolant • Cp, coolant
Dmin =
k
Vcoolant
nmax, coolant
• Pcoolant • Cp, coolant
Dmin =
k
Vcoolant
nmax, coolant
• Pcoolant • Cp, coolant
Dmin =
k
Vcoolant
nmax, coolant
• Pcoolant • Cp, coolant
Dmin =
k
Vcoolant
nmax, coolant
• Pcoolant • Cp, coolant
Dmin =
2D < H
< 5D
H
< W
< 2H
FIGURE 70 - Cooling Line Spacing
FIGURE 64 - Heat Transfer Equation
FIGURE 65 - Total Cooling for Mold
FIGURE 66 - Cooling Required by Each Line
FIGURE 68 - Max Diameter Equation
FIGURE 69 - Min Diameter Equation
FIGURE 67 - Volumetric Flow Rate Equation
50 Gravi-Tech
ADHESIVE ADVANTAGES DISADVANTAGES
Cyanoacrylate
Rapid, one-part process
Various viscosities
Can be paired with primers
for polyolefins
Poor strength
Low stress crack resistance
Low chemical resistance
Epoxy
High strength
Compatible with various
substrates
Tough
Requires mixing
Long cure time
Limited pot life
Exothermic
Hot Melt
Solvent-free
High adhesion
Different chemistries for
different substrates
High temp dispensing
Poor high temp performance
Poor metal adhesion
Light Curing Acrylic
Quick curing
One component
Good environmental resistance
Oxygen sensitive
Light source required
Limited curing configurations
Polyurethane
High cohesive strength
Impact and abrasion resistance
Poor high heat
performance
Requires mixing
Silicone
Room temp curing
Good adhesion
Flexible
Performs well in high temps
Low cohesive strength
Limited curing depth
Solvent sensitive
No-Mix Acrylic
Good peel strength
Fast cure
Adhesion to variety
of substrates
Strong odor
Exothermic
Limited cure depth
Design Guide 51
Bibliography
1.
https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
The
payout was earned by PolyOne exceeding adjusted earnings per share thresholds over four, equally-weighted
performance periods as noted below.
2015 – 2017 Cash-Settled Performance Units
Performance Measure: Adjusted Earnings Per Share
Performance Periods Weighting Target Result Payout %
January 1, 2015 – December 31, 2015 25% $2.07 $1.96 69%
January 1, 2016 – December 31, 2016 25% $2.42 $2.13 64%
January 1, 2017 – December 31, 2017 25% $2.43 $2.18 81%
January 1, 2015 – December 31, 2017 25% $6.92 $6.27 74%
Total Attainment 72%
All financial measures (threshold, target and maximum levels, and results) with respect to the incentives described
above were calculated with adjustments for acquisitions, divestitures and special items pursuant to the terms of the
2017 Annual Incentive Program and 2015 - 2017 long-term incentive program (the “2015-2017 Long-Term Incentive
Program”) and as approved by the Compensation Committee.
The Named Executive Officers received a cash payout based on achieving 72% of the target level
performance for this goal, reflected below.
2015 – 2017 Cash-Settled Performance Units
Performance Measure: Adjusted Earnings Per Share*
Performance Periods Weighting Threshold Target Maximum Result
Payout
%
January 1, 2015 – December 31, 2015 25% $1.89 $2.07 $2.25 $1.96 69%
January 1, 2016 – December 31, 2016 25% $2.02 $2.42 $2.85 $2.13 64%
January 1, 2017 – December 31, 2017 25% $1.78 $2.43 $3.21 $2.18 81%
January 1, 2015 – December 31, 2017 25% $5.69 $6.92 $8.31 $6.27 74%
Total Attainment 72%
* All financial measures (performance measures and results) reported in the table above were calculated with
adjustments for acquisitions, divestitures and special items (as noted on Appendix A) pursuant to the terms of the
plans and as approved by the Compensation Committee.
https://www.avient.com/sites/default/files/2020-09/sustainabilityreport2018.pdf
$12M+
For United Way Since 2006
2.0
1.0
.5
09+22+36+55+83+90+94
2006 2008 2010 2012 2014 2016 2018
$
il
li
s
U
.S
. d
ll
ar
Sustainability Report | 2018 69
Global Vision 2020
PolyOne collaborates with Global Vision 2020, a non-profit
organization that provides a system for diagnosing and
creating eyeglasses onsite for people in low resource
countries with no access to eye care.
https://www.avient.com/sites/default/files/2022-03/Avient 2021 Annual Report.pdf
Cergy, France 69.
Headquartered in Avon Lake, Ohio, with 2021 sales of $4.8 billion, we have manufacturing sites
and distribution facilities around the globe, with 69% and 46% of our respective Color, Additives and Inks and
Specialty Engineered Materials segments' sales outside the United States.
PRINCIPAL ACCOUNTANT FEES AND SERVICES
Information regarding fees paid to and services provided by Avient’s independent registered public accounting firm
and the pre-approval policies and procedures of the audit committee is incorporated by reference to the information
contained in the 2022 Proxy Statement.
69 AVIENT CORPORATION
PART IV
ITEM 15.
https://www.avient.com/sites/default/files/2021-08/avient-cdp-climate-change-questionnaire-2021.pdf
Other
Avient CDP Climate Change Questionnaire 2021 Tuesday, August 3, 2021
69
C7.9b
(C7.9b) Are your emissions performance calculations in C7.9 and C7.9a based on a
location-based Scope 2 emissions figure or a market-based Scope 2 emissions
figure?
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
Tossiat, France 69.
LLC, as joint-lead arrangers and joint-book managers,
Jefferies Finance LLC, KeyBanc Capital Markets Inc. and SunTrust Robinson Humphrey, Inc., as co-managers, and
several other commercial lending institutions that are parties thereto (incorporated by reference to Exhibit 10.6 to the
Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, SEC File No. 1-16091)
10.4 Amendment Agreement No. 1 to the Credit Agreement, dated as of June 15, 2016, among the Company, certain
subsidiaries of the Company, Citibank, N.A., as administrative agent, and the additional lender party thereto
(incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended
June 30. 2016, SEC File No. 16091)
69 AVIENT CORPORATION
10.5 Amendment Agreement No. 2, dated August 3, 2016, by and among PolyOne Corporation, the subsidiaries of
PolyOne Corporation party thereto, Citibank, N.A, as administrative agent, and the lenders party thereto (incorporated
by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on August 5, 2016, SEC File No.
10.6 Amendment Agreement No. 3, dated January 24, 2017, by and among PolyOne Corporation, the subsidiaries of
PolyOne Corporation party thereto, Citibank, N.A., as administrative agent, and the lenders party thereto (incorporated
by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2017,
SEC File No. 1-16091)
10.7 Amendment Agreement No. 4, dated August 15, 2017, by and among PolyOne Corporation, the subsidiaries of
PolyOne Corporation party thereto, Citibank, N.A., as administrative agent, and the lenders party thereto (incorporated
by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30,
2017, SEC File No. 1-16091)
10.8 Amendment Agreement No. 5, dated April 11, 2018, by and among PolyOne Corporation, the subsidiaries of PolyOne
Corporation party thereto, Citibank, N.A., as administrative agent, and the lenders party thereto (incorporated by
reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2018, SEC
File No. 1-16091)
10.9 Amendment Agreement No. 6, dated November 9, 2018, by and among PolyOne Corporation, the subsidiaries of
PolyOne Corporation party thereto, Citibank, N.A, as administrative agent, and the lenders party thereto (incorporated
by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on November 13, 2018, SEC File No.
10.10+ Amendment Agreement No. 7, dated as of August 29, 2022, by and among Avient Corporation, the lenders party
thereto and Citibank, N.A., as administrative agent (incorporated by reference to Exhibit 10.1 to the Company's
Current Report on Form 8-K filed on September 1, 2022, SEC File No. 1-16091)
10.11+ Amended and Restated Avient Corporation 2010 Equity and Performance Incentive Plan (incorporated by reference to
Appendix B to the Company’s definitive proxy statement on Schedule 14A filed on April 3, 2015, SEC File No.
10.12+ First Amendment to the Avient Supplemental Retirement Benefit Plan (As Amended and Restated Effective January 1,
2014), dated as of March 16, 2016; Amendment No. 2 to the Avient Supplemental Retirement Benefit Plan (As
Amended and Restated Effective January 1, 2014), dated as of December 19, 2018; and Amendment No. 3 to the
Avient Supplemental Retirement Benefit Plan (As Amended and Restated Effective January 1, 2014), dated as of April
18, 2019 (incorporated by reference to Exhibit 4.5 to the Company's Registration Statement on Form S-8, filed on May
6, 2019, SEC File No. 333-231236)
10.13+ Avient 2017 Equity and Incentive Compensation Plan (incorporated by reference to Appendix B to the Company's
definitive proxy statement on Schedule 14A filed on March 31, 2017, SEC File No. 1-16091)
10.14+ Avient Corporation Deferred Compensation Plan for Non-Employee Directors (As Amended and Restated Effective
July 15, 2021) (incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the
quarter ended September 30, 2021, SEC File No. 1-16091)
10.15+ Form of Management Continuity Agreement for Executive Officers prior to 2011 (incorporated by reference to
Exhibit 10.13 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007, SEC File
10.16+ Form of Management Continuity Agreement for Executive Officers after 2011 (incorporated by reference to Exhibit
10.12 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, SEC File No.
10.17+** Schedule of Executive Officers with Management Continuity Agreements
10.18+ Avient Supplemental Retirement Benefit Plan (As Amended and Restated Effective January 1, 2014) (incorporated by
reference to Exhibit 10.14 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31,
2013, SEC file No. 1-16091)
10.19 Assumption of Liabilities and Indemnification Agreement, dated March 1, 1993, amended and restated by Amended
and Restated Assumption of Liabilities and Indemnification Agreement, dated April 27, 1993 (incorporated by
reference to Exhibit 10.14 to The Geon Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 1996, SEC File No. 1-11804)
10.20+ Executive Severance Plan, as amended and restated effective May 15, 2014 (incorporated by reference to
Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, SEC File
10.21+ Form of 2013 Award Agreement under the Avient Corporation 2010 Equity and Performance Incentive Plan, as
amended (incorporated by reference to Exhibit 10.27 to the Company’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2013, SEC File No. 1-16091)
10.22+ Form of Director and Officer Indemnification Agreement (incorporated by reference to Exhibit 10.1 to the Company’s
Current Report on Form 8-K filed on July 5, 2006, SEC File No. 1-16091)
10.23+ Form of 2014 Award Agreement under the Avient Corporation 2010 Equity and Performance Incentive Plan, as
amended (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter
ended June 30, 2014, SEC File No. 1-16091)
10.24+ Avient Corporation 2020 Equity and Incentive Compensation Plan (incorporated by reference to Appendix B to the
Company’s definitive proxy statement on Schedule 14A filed on March 30, 2020, SEC File No. 1-16091).
10.25+ Form of 2021 Award Agreement under the Avient Corporation 2020 Equity and Incentive Compensation Plan
(incorporated by reference to Exhibit 10.25 to the Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2020, SEC File No. 1-16091)
70 AVIENT CORPORATION
Exhibit No.
https://www.avient.com/sites/default/files/resources/PolyOne%25202011%2520Annual%2520Report.pdf
For additional information about our financing arrangements, see Note 5,
Financing Arrangements, to the accompanying consolidated financial
As of December 31, 2011, approximately 69% of the Company’s cash and
cash equivalents reside outside the United States.
Wulfsohn
69
EXHIBIT INDEX
2.1† Purchase Agreement, dated as of February 28, 2011, by and among PolyOne Corporation, 1997 Chloralkali Venture, LLC, Olin Corporation and
Olin SunBelt II, Inc.
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
Biodiversity
(4.1.2.1) Positions of individuals or committees with accountability for this environmental issue
Select all that apply
☑ Board chair
☑ Board-level committee
(4.1.2.2) Positions’ accountability for this environmental issue is outlined in policies applicable to the board
Select from:
69
☑ Yes
(4.1.2.3) Policies which outline the positions’ accountability for this environmental issue
Select all that apply
☑ Other policy applicable to the board, please specify :Governance and Corporate Responsibility & EHS Committee
(4.1.2.4) Frequency with which this environmental issue is a scheduled agenda item
Select from:
☑ Scheduled agenda item in every board meeting (standing agenda item)
(4.1.2.5) Governance mechanisms into which this environmental issue is integrated
Select all that apply
☑ Reviewing and guiding annual budgets
☑ Overseeing and guiding scenario analysis
☑ Overseeing the setting of corporate targets
☑ Monitoring progress towards corporate targets
☑ Reviewing and guiding innovation/R&D priorities
☑ Approving and/or overseeing employee incentives
☑ Overseeing and guiding major capital expenditures
☑ Overseeing and guiding the development of a business strategy
☑ Overseeing and guiding acquisitions, mergers, and divestitures
☑ Reviewing and guiding the assessment process for dependencies, impacts, risks, and opportunities
(4.1.2.7) Please explain
Climate Change related issues are the responsibility of Avient’s Chairman of the Board.
Row 26
(9.3.1.1) Facility reference number
Select from:
☑ Facility 69
(9.3.1.3) Value chain stage
Select from:
☑ Direct operations
(9.3.1.4) Dependencies, impacts, risks, and/or opportunities identified at this facility
Select all that apply
☑ Risks
(9.3.1.5) Withdrawals or discharges in the reporting year
Select from:
☑ Yes, withdrawals and discharges
479
(9.3.1.7) Country/Area & River basin
Germany
☑ Rhine
(9.3.1.8) Latitude
0
(9.3.1.9) Longitude
0
(9.3.1.10) Located in area with water stress
Select from:
☑ No
(9.3.1.13) Total water withdrawals at this facility (megaliters)
0
(9.3.1.14) Comparison of total withdrawals with previous reporting year
Select from:
☑ About the same
(9.3.1.15) Withdrawals from fresh surface water, including rainwater, water from wetlands, rivers and lakes
0
(9.3.1.16) Withdrawals from brackish surface water/seawater
0
480
(9.3.1.17) Withdrawals from groundwater - renewable
0
(9.3.1.18) Withdrawals from groundwater - non-renewable
0
(9.3.1.19) Withdrawals from produced/entrained water
0
(9.3.1.20) Withdrawals from third party sources
0
(9.3.1.21) Total water discharges at this facility (megaliters)
0
(9.3.1.22) Comparison of total discharges with previous reporting year
Select from:
☑ About the same
(9.3.1.23) Discharges to fresh surface water
0
(9.3.1.24) Discharges to brackish surface water/seawater
0
(9.3.1.25) Discharges to groundwater
0
481
(9.3.1.26) Discharges to third party destinations
0
(9.3.1.27) Total water consumption at this facility (megaliters)
0
(9.3.1.28) Comparison of total consumption with previous reporting year
Select from:
☑ About the same
(9.3.1.29) Please explain
Avient does not externally disclose water information at the site level.
Row 69
(9.3.1.1) Facility reference number
Select from:
611
☑ Facility 3
(9.3.1.3) Value chain stage
Select from:
☑ Direct operations
(9.3.1.4) Dependencies, impacts, risks, and/or opportunities identified at this facility
Select all that apply
☑ Risks
(9.3.1.5) Withdrawals or discharges in the reporting year
Select from:
☑ Yes, withdrawals and discharges
(9.3.1.7) Country/Area & River basin
Canada
☑ Mississippi River
(9.3.1.8) Latitude
0
(9.3.1.9) Longitude
0
(9.3.1.10) Located in area with water stress
Select from:
☑ Yes
612
(9.3.1.13) Total water withdrawals at this facility (megaliters)
0
(9.3.1.14) Comparison of total withdrawals with previous reporting year
Select from:
☑ About the same
(9.3.1.15) Withdrawals from fresh surface water, including rainwater, water from wetlands, rivers and lakes
0
(9.3.1.16) Withdrawals from brackish surface water/seawater
0
(9.3.1.17) Withdrawals from groundwater - renewable
0
(9.3.1.18) Withdrawals from groundwater - non-renewable
0
(9.3.1.19) Withdrawals from produced/entrained water
0
(9.3.1.20) Withdrawals from third party sources
0
(9.3.1.21) Total water discharges at this facility (megaliters)
0
613
(9.3.1.22) Comparison of total discharges with previous reporting year
Select from:
☑ About the same
(9.3.1.23) Discharges to fresh surface water
0
(9.3.1.24) Discharges to brackish surface water/seawater
0
(9.3.1.25) Discharges to groundwater
0
(9.3.1.26) Discharges to third party destinations
0
(9.3.1.27) Total water consumption at this facility (megaliters)
0
(9.3.1.28) Comparison of total consumption with previous reporting year
Select from:
☑ About the same
(9.3.1.29) Please explain
Avient does not externally disclose water information at the site level.