https://www.avient.com/sites/default/files/resources/Investor%2520Presentation%2520Mar19.pdf
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
SERVICE:
T H E T I M E L E S S
D I F F E R E N T I A T O R
PolyOne Corporation 31
T A L E N T D E V E L O P M E N T
PolyOne Corporation 32
Leadership Program Participants
2012
2013
2015
47
86
2016
2018
125
169
315
Campus Hires
2008
2011
2017
25
90
47
PolyOne LSS Blackbelts
2008
2011
2018
67
220
147
2018 141
A U N I Q U E C U S T O M E R E X P E R I E N C E
Industrial
Design
IQ DESIGN LABS
PolyOne Corporation 33
Material
& Color
Expertise
Manufacturing
Expertise
3
14
Industrial designers
$0
$10M
$4M
$80M
Opportunity funnel New business revenue
LSS CUSTOMER FIRST
PolyOne Corporation 34
Customer Projects
2 104
3 D P R I N T I N G
B R I N G I N G N E W I D E A S T O L I F E
PolyOne Corporation 35
PolyOne Corporation 36
99.9%
up to 24 weeks
6 hours
C O L O R M A T R I X S E L E C T ™
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 37
SEGMENT HIGHLIGHTS
C O L O R , A D D I T I V E S & I N K S
PolyOne Corporation 38
Solid
Colorants
Performance
Additives
Screen
Printing Inks
Liquid
Colorants
14%
Textiles
13%
Building & Construction
8%
8%
Appliances
Electrical &
Electronic 1%
Operating Income & MarginRevenue by Region
C O L O R , A D D I T I V E S & I N K S
2 0 1 8 R E V E N U E | O V ER $ 1 B I L L I O N
$4
$25
$104
$159
0.9%
5.5%
12.2%
15.1%
PolyOne Corporation 39
45%
14%
1%
Mexico
South
America
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
PolyOne Corporation 40
Engineered
Formulations
Advanced
Composites
Thermoplastic
Elastomers
21%
13%Healthcare
9%
9%
Building &
Construction 4%
Electrical &
Electronics
16%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
Revenue by Region Operating Income & Margin
2 0 1 8 R EV EN U E | $ 6 4 6 M I L L I O N
PolyOne Corporation 41
$21
$57
$72
0.1%
5.1%
9.3%
11.2%
46%
24%
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
PolyOne Corporation 42
Specialty Vinyl
Solutions
Healthcare
Formulations
Smart Device
Flame Retardant
Polymers
Building &
16%Consumer
4%
Electrical &
4%
Asia
78%
Mexico
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
Operating Income & MarginRevenue by Region
2 0 1 8 R EV EN U E | $ 7 3 6 M I L L I O N
$40
$24
$56
$74
4.6%
3.6%
7.2%
10.0%
PolyOne Corporation 43
D I S T R I B U T I O N
EN D M A R K ET S & S U P P L I ER S
PolyOne Corporation 44
27%
22%
Electrical &
Building &
$20
$25
$63
$71
2.9%
4.0%
5.9%
5.6%
Operating Income & Margin2018 Revenue | $1.3 Billion
http://www.polyone.com/Pages/VariationRoot.aspx
O V E R V I E W O F R A W M A T E R I A L P U R C H A S E S
PolyOne Corporation 45
T A R G E T E N D M A R K E T S &
A P P L I C A T I O N E X A M P L E S
PolyOne Corporation 46
Thermally Conductive
Chemical Resistant
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composites
Antimicrobial Technologies
Anti-Counterfeiting
Target End Markets… Healthcare
Catheter Technologies
Under-hood Components
Target End Markets… Automotive
Interior Structural
Sound & Vibration
Management
Roof Systems
Air Management
Electronics and Cameras
Lighting
Exterior / Interior Trim
Braces & Brackets
Fasteners
Seals & Flaps
Target End Markets… Consumer
Thermally Conductive
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composite
Oxygen Scavenger
Laser Marking Additives
Antistatic Technologies
UV Light Barrier Technologies
Cap & Closure Colorants
Process Optimization
Antioxidant Technologies
Density Modified
Target End Markets… Packaging
Luxury Packaging
GravitechTM Density Modified Polymers
Optimize Color Usage
OnColorTM Super Concentrates
Combat Bacteria Formation
WithStandTM Antimicrobial Technology
Medical Device Housings
Chemically Resistant Engineered Polymers
Color & Design Services
Outdoor Applications
Fiber Colorants
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to PolyOne shareholders and diluted adjusted earnings per share (EPS)
from continuing operations attributable to PolyOne shareholders, excluding special items, to assess performance and facilitate comparability of results.
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.
Kunkle – 65%.
This plan is an unfunded, non qualified plan that provides benefits similar
PROXY STATEMENT 2024 | Annual Meeting of Shareholders 65
to our Qualified Savings Plan, but without Internal Revenue Code contribution and earnings limitations.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
Our filings are available to the public at the
SEC’s website at http://www.sec.gov.
The obligations of PolyOne under the term loan are secured by a first lien on certain existing and future
property and assets of PolyOne and certain of its U.S. subsidiaries, a 100% pledge of the voting capital
stock of PolyOne’s U.S. subsidiaries, a 65% pledge of the voting capital stock of PolyOne’s direct
foreign subsidiaries (subject to certain exceptions) and a second lien on U.S. accounts receivable and
inventory.
Spartech et. al. also alleges that PolyOne, Merger Sub, and Merger
POLYONE CORPORATION 65
LLC have aided and abetted the directors of Spartech in breaching their fiduciary duties.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
During the course of our efforts, we did not sacrifice our intermediate
or long-term growth potential or deviate from our proven four-pillar
strategy—achieving many important successes as follows:
SPECIALIZATION
65% of our operating income was generated from our specialty businesses in
2015—continuing the highest level in the history of our company.
Our filings are available to the public at the
SEC’s website at http://www.sec.gov.
Following are our contributions to the RSP:
Retirement savings match $ 9.9 $ 9.7 $ 9.8
Retirement benefit contribution 4.1 4.0 4.0
Total contributions $ 14.0 $ 13.7 $ 13.8
POLYONE CORPORATION 65
Note 13 — COMMITMENTS AND CONTINGENCIES
Environmental — We have been notified by federal and state environmental agencies and by private
parties that we may be a potentially responsible party (PRP) in connection with the environmental
investigation and remediation of certain sites.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
With 65 percent of our OI generated from
specialty solutions—compared to just 2 percent in 2005—it truly
exemplifies just how far we’ve come in our transformation from
the volume-driven, commodity-focused company of the past.
Our filings are available to the public at the
SEC’s website at http://www.sec.gov.
Following are our contributions to the RSP:
Retirement savings match $ 9.7 $ 9.8 $ 7.6
Retirement benefit contribution 4.0 4.0 3.8
Total contributions $ 13.7 $ 13.8 $ 11.4
POLYONE CORPORATION 65
Note 13 — COMMITMENTS AND CONTINGENCIES
Environmental — We or our subsidiaries have been notified by federal and state environmental
agencies and by private parties that we may be a potentially responsible party (PRP) in connection
with the investigation and remediation of certain environmental sites.
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
https://www.cdp.net/en/info/terms-and-conditions/terms-of-disclosure/corporate-questionnaire
1
Contents
2
C1.
4.1.6) Attach the policy (optional)
65
3b - Corporate Governance Guidelines.Draft Feb. 2024.v1.2.Revised.4-16-24.Final_.pdf
[Fixed row]
(4.1.1) Is there board-level oversight of environmental issues within your organization?
https://www.avient.com/idea/eco-conscious-alternative-coloring-textiles
[Fixed row]
(9.15.1) Indicate whether you have targets relating to water pollution, water withdrawals, WASH, or other water-related
categories.
https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
Richardson – 65%; and Messrs.
Crist’s annual incentive opportunity was increased from 50% to 55% to reflect his new responsibilities
To attract and
help retain talent
Fixed base of cash
compensation
16% - CEO
33% - CFO
39% - Other NEOs
Base
Salary Drives the
achievement of
key business
results on an
annual basis
Performance-
based and not
guaranteed
19% - CEO
21% - CFO
21% - Other NEOs
Annual
Incentive Directly ties the
interests of NEOs
to our
shareholders
Helps retain key
talent and a
majority is
performance-
based and not
guaranteed
65% - CEO
46% - CFO
40% - Other NEOs
Long-
Term
Incentive
as Senior Vice President, President of CAI.
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
Tianjin, China 65.
Management has assessed the effectiveness of Avient’s internal control over financial reporting as of December 31,
2022 and has prepared Management’s Annual Report On Internal Control Over Financial Reporting contained on
page 65 of this Annual Report, which concludes that as of December 31, 2022, Avient’s internal control over
financial reporting was effective and that no material weaknesses were identified.
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may
65 AVIENT CORPORATION
become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.
66 AVIENT CORPORATION
ITEM 9B.
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
Cota, Colombia 65.
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 2024 Proxy Statement.
65 AVIENT CORPORATION
PART IV
ITEM 15.
https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
PolyOne’s stock performance has significantly outpaced the S&P 500 index and the S&P Mid Cap 400 Chemicals index.
12.31.09 6.30.10 12.31.10 6.30.11 12.31.11 6.30.12 12.31.12 6.30.13 12.31.13
2007 2008 2009 2010 2011 2012 2013
SPECIALTY PLATFORM OPERATING
INCOME % OF TOTAL*^
1.50
1.20
.90
.60
.30
2007 2008 2009 2010 2011 2012 2013
ADJUSTED EARNINGS
PER SHARE*†
* 2010–2013 Specialty Operating Income is restated for the
divestiture of the Resin Business
^Operating Income excludes Corporate Charges
* 2010–2013 adjusted EPS is restated for the divestiture of the
Resin Business
† EPS excluding special items and equity income from SunBelt
2007 2008 2009 2010 2011 2012 2013
* 2010–2013 adjusted return on sales is restated for the divestiture of
the Resin Business
° Operating Income as a percentage of sales, excluding special items
and equity income from SunBelt
ADJUSTED RETURN
ON SALES*º
8
6
4
2
P
80
60
40
20
P
Operating Income %
Specialty
PP&S
Distribution
Specialty Platform
Operating Income % of Total
ROIC** (after-tax)
2006
1.5%
5.5%
2.6%
6.0%
5.0%
9.4%
7.2%
5.9%
62.0%
9.1%
2015 TARGET
12%–16%
9%–12%
6%–7.5%
65%–75%
15%
**ROIC is defined as adjusted OI divided by the sum of average debt and equity over a 5 quarter period
200
160
120
80
40
2007 2008 2009 2010 2011 2012 2013
SPECIALTY PLATFORM
OPERATING INCOME*
* 2010–2013 Operating Income is restated for the divestiture of
the Resin Business
400
300
200
100
P
POLYONE STOCK (POL)
PERFORMANCE VERSUS S&P
POL
S&P MID CAP 400 CHEMICALS
S&P 500
United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10-K
Í ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2013
‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to .
Our filings are available to the public at the
SEC’s website at http://www.sec.gov.
The fair values of pension plan assets at December 31, 2013 and 2012, by asset category, are as follows:
Fair Value of Plan Assets at
Fair Value of Plan Assets at
Quoted
Prices in
Active
Markets
Observable
(Level 3) Total
Quoted
Prices in
Active
Markets
Observable
(Level 3) Total
Asset category
Cash $ 6.6 $ — $ — $ 6.6 $ 3.4 $ — $ — $ 3.4
Common collective
trusts — 14.8 — 14.8 — 44.9 — 44.9
Large-cap equity 28.4 30.0 — 58.4 43.2 51.1 — 94.3
Mid-cap equity — — — — 42.3 — — 42.3
Small-cap equity 22.0 — — 22.0 39.8 — — 39.8
International equity 59.6 — — 59.6 80.6 — — 80.6
Fixed-income funds 275.5 — — 275.5 39.3 — — 39.3
Multi-asset mutual fund — — — — 32.6 — — 32.6
Floating rate income
funds 35.3 — — 35.3 33.2 — — 33.2
Totals $ 427.4 $ 44.8 $ — $ 472.2 $ 314.4 $ 96.0 $ — $ 410.4
POLYONE CORPORATION 65
Large cap equity funds invest primarily in U.S. publicly-traded equity securities of companies with a
market capitalization typically in excess of $10 billion with a focus on growth or value.