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<title>tup-20220228</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i710760f097624563b570c6142a402123_D20220228-20220228" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjk2YWUyNTYzNTRmOTRhYzY5YjlmMGUwNGEwODAyZWY2L3NlYzo5NmFlMjU2MzU0Zjk0YWM2OWI5ZjBlMDRhMDgwMmVmNl80L2ZyYWc6NGViZTA2N2U5NzE5NDllNWI3ZDhlMGY3NTNjZjEzNjcvdGFibGU6Y2ViY2RiMjIxYTA3NGI2MThhNmI3OTVkODcwMzQzZGMvdGFibGVyYW5nZTpjZWJjZGIyMjFhMDc0YjYxOGE2Yjc5NWQ4NzAzNDNkY18yLTEtMS0xLTg3OTkz_e97ca53a-217a-44ef-835a-0a69d7f1979e">0001008654</ix:nonNumeric><ix:nonNumeric contextRef="i710760f097624563b570c6142a402123_D20220228-20220228" name="dei:AmendmentFlag" 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style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i710760f097624563b570c6142a402123_D20220228-20220228" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjk2YWUyNTYzNTRmOTRhYzY5YjlmMGUwNGEwODAyZWY2L3NlYzo5NmFlMjU2MzU0Zjk0YWM2OWI5ZjBlMDRhMDgwMmVmNl8xL2ZyYWc6MmIyZmJlM2JjZGUzNDcxNDgyYWNlMDRiOTBhNGIyNTcvdGV4dHJlZ2lvbjoyYjJmYmUzYmNkZTM0NzE0ODJhY2UwNGI5MGE0YjI1N18xNjQy_51a0ec08-33c3-4d7e-adfe-ebb524bc3b9a">8-K</ix:nonNumeric> </span></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> <ix:nonNumeric 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i710760f097624563b570c6142a402123_D20220228-20220228" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjk2YWUyNTYzNTRmOTRhYzY5YjlmMGUwNGEwODAyZWY2L3NlYzo5NmFlMjU2MzU0Zjk0YWM2OWI5ZjBlMDRhMDgwMmVmNl8xL2ZyYWc6MmIyZmJlM2JjZGUzNDcxNDgyYWNlMDRiOTBhNGIyNTcvdGV4dHJlZ2lvbjoyYjJmYmUzYmNkZTM0NzE0ODJhY2UwNGI5MGE0YjI1N18xNjM3_c3e53fa8-d5a2-466c-96b1-3effe522e21d">TUPPERWARE BRANDS CORPORATION</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">(Exact name of registrant as specified in its charter)</span></div><div style="text-align:center"><span><br/></span></div><div style="margin-top:5pt;text-align:center"><table 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id="id3VybDovL2RvY3MudjEvZG9jOjk2YWUyNTYzNTRmOTRhYzY5YjlmMGUwNGEwODAyZWY2L3NlYzo5NmFlMjU2MzU0Zjk0YWM2OWI5ZjBlMDRhMDgwMmVmNl8xL2ZyYWc6MmIyZmJlM2JjZGUzNDcxNDgyYWNlMDRiOTBhNGIyNTcvdGFibGU6MGQ4NGFlNjRkNjZkNDFiNjhhODcwNGJjNGZiNWNhYmUvdGFibGVyYW5nZTowZDg0YWU2NGQ2NmQ0MWI2OGE4NzA0YmM0ZmI1Y2FiZV8zLTMtMS0xLTg3OTkz_0dc60383-36c8-4c9c-ab54-364528796e9e">32837</ix:nonNumeric></span></td></tr><tr style="height:14pt"><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Address of principal executive offices)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Zip Code)</span></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span 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style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:84.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:208.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:6.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:14pt"><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Securities registered pursuant to Section 12(b) of the Act:</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Title of each class</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Trading Symbol(s)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Name of each exchange on which registered</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i710760f097624563b570c6142a402123_D20220228-20220228" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjk2YWUyNTYzNTRmOTRhYzY5YjlmMGUwNGEwODAyZWY2L3NlYzo5NmFlMjU2MzU0Zjk0YWM2OWI5ZjBlMDRhMDgwMmVmNl8xL2ZyYWc6MmIyZmJlM2JjZGUzNDcxNDgyYWNlMDRiOTBhNGIyNTcvdGFibGU6ODVkMzc5YjhjNTg5NDc2NjlmN2JlMDQ2ZmU1OGFlMjcvdGFibGVyYW5nZTo4NWQzNzliOGM1ODk0NzY2OWY3YmUwNDZmZTU4YWUyN18yLTAtMS0xLTg3OTkz_71d34ea3-3ad0-4ea3-bd4f-d802085f45b9">Common Stock, $0.01 par value</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i710760f097624563b570c6142a402123_D20220228-20220228" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjk2YWUyNTYzNTRmOTRhYzY5YjlmMGUwNGEwODAyZWY2L3NlYzo5NmFlMjU2MzU0Zjk0YWM2OWI5ZjBlMDRhMDgwMmVmNl8xL2ZyYWc6MmIyZmJlM2JjZGUzNDcxNDgyYWNlMDRiOTBhNGIyNTcvdGFibGU6ODVkMzc5YjhjNTg5NDc2NjlmN2JlMDQ2ZmU1OGFlMjcvdGFibGVyYW5nZTo4NWQzNzliOGM1ODk0NzY2OWY3YmUwNDZmZTU4YWUyN18yLTEtMS0xLTg3OTkz_f8a8c6f0-5eb6-48f4-8ab9-08a6cbf04538">TUP</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i710760f097624563b570c6142a402123_D20220228-20220228" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjk2YWUyNTYzNTRmOTRhYzY5YjlmMGUwNGEwODAyZWY2L3NlYzo5NmFlMjU2MzU0Zjk0YWM2OWI5ZjBlMDRhMDgwMmVmNl8xL2ZyYWc6MmIyZmJlM2JjZGUzNDcxNDgyYWNlMDRiOTBhNGIyNTcvdGFibGU6ODVkMzc5YjhjNTg5NDc2NjlmN2JlMDQ2ZmU1OGFlMjcvdGFibGVyYW5nZTo4NWQzNzliOGM1ODk0NzY2OWY3YmUwNDZmZTU4YWUyN18yLTItMS0xLTg3OTkz_25db14b7-1292-4111-9f5c-3eb2c31c2472">New York Stock Exchange</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2 of this chapter).</span></div><div><span><br/></span></div><div><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company <ix:nonNumeric contextRef="i710760f097624563b570c6142a402123_D20220228-20220228" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjk2YWUyNTYzNTRmOTRhYzY5YjlmMGUwNGEwODAyZWY2L3NlYzo5NmFlMjU2MzU0Zjk0YWM2OWI5ZjBlMDRhMDgwMmVmNl8xL2ZyYWc6MmIyZmJlM2JjZGUzNDcxNDgyYWNlMDRiOTBhNGIyNTcvdGV4dHJlZ2lvbjoyYjJmYmUzYmNkZTM0NzE0ODJhY2UwNGI5MGE0YjI1N18xNjQx_8bab7d48-9fc5-44d0-9feb-58ad676b7ef8">&#9744;</ix:nonNumeric> </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i710760f097624563b570c6142a402123_D20220228-20220228" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjk2YWUyNTYzNTRmOTRhYzY5YjlmMGUwNGEwODAyZWY2L3NlYzo5NmFlMjU2MzU0Zjk0YWM2OWI5ZjBlMDRhMDgwMmVmNl8xL2ZyYWc6MmIyZmJlM2JjZGUzNDcxNDgyYWNlMDRiOTBhNGIyNTcvdGV4dHJlZ2lvbjoyYjJmYmUzYmNkZTM0NzE0ODJhY2UwNGI5MGE0YjI1N18xNjM1_8bab7d48-9fc5-44d0-9feb-58ad676b7ef8">&#9744;</ix:nonNumeric> </span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><div id="i96ae256354f94ac69b9f0e04a0802ef6_7"></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 8.01 </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Other Events.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On February 28, 2022, Tupperware Brands Corporation (the &#8220;Company&#8221;) entered into an accelerated share repurchase agreement (the &#8220;ASR Agreement&#8221;) with Wells Fargo Bank, National Association (&#8220;Wells Fargo&#8221;) to repurchase an aggregate of $75 million of its common stock. The Company will repurchase shares under the ASR Agreement as part of its existing $250 million share repurchase authorization, which was approved by its Board of Directors in June 2021 (the &#8220;Share Repurchase Authorization&#8221;). Prior to repurchases under the ASR Agreement, approximately $225 million remained available under the Share Repurchase Authorization.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pursuant to the terms of the ASR Agreement, on February 28, 2022, the Company will pay Wells Fargo $75 million in cash and will receive an initial delivery of approximately 3.4 million shares of the Company&#8217;s common stock. The final number of shares to be repurchased by the Company will be based on the average of the daily volume-weighted average stock prices of the Company&#8217;s common stock during the valuation period of the ASR Agreement, less a discount and subject to certain adjustments described therein. The resulting adjustments may affect the total amount expended by the Company or the aggregate number of shares it repurchases. The ASR Agreement contains provisions customary for agreements of this type, including provisions for adjustments to the transaction terms, the circumstances under which the ASR Agreement may be accelerated, extended or terminated early by Wells Fargo and various acknowledgments, representations and warranties made by the parties to one another. Final settlement of the ASR Agreement is expected to be completed before the end of the second calendar quarter of 2022, subject to acceleration.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">A copy of the Company&#8217;s press release announcing its entrance into the ASR Agreement is attached as Exhibit 99.1 to this Current Report on Form 8-K.</span></div><div><span><br/></span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Item 9.01 Financial Statements and Exhibits.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(d) Exhibits</span></div><div><span><br/></span></div><div><span><br/></span></div><div id="i96ae256354f94ac69b9f0e04a0802ef6_10"></div><div><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="-sec-extract:summary;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:13.205%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:84.595%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%;text-decoration:underline">Exhibit Number</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%;text-decoration:underline">Description</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">99.1</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline" href="pressrelease22822.htm">Press Release, Dated February 28, 2022</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><div id="i96ae256354f94ac69b9f0e04a0802ef6_13"></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div><span><br/></span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.038%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:45.288%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:43.486%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TUPPERWARE BRANDS CORPORATION</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Registrant)</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">February 28, 2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Karen M. Sheehan</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Karen M. Sheehan</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President, Chief Legal Officer &amp; Secretary</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><span><br/></span></div><div><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div></body></html>
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tup-20220228
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
February 28, 2022
Date of Report (Date of earliest event reported)
TUPPERWARE BRANDS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
1-11657
36-4062333
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
14901 South Orange Blossom Trail
Orlando
FL
32837
(Address of principal executive offices)
(Zip Code)
407
826-5050
Registrant's telephone number, including area code
_________________________________________
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
P
re-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value
TUP
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 8.01
Other Events.
On February 28, 2022, Tupperware Brands Corporation (the "Company") entered into an accelerated share repurchase agreement (the "ASR Agreement") with Wells Fargo Bank, National Association ("Wells Fargo") to repurchase an aggregate of $75 million of its common stock. The Company will repurchase shares under the ASR Agreement as part of its existing $250 million share repurchase authorization, which was approved by its Board of Directors in June 2021 (the "Share Repurchase Authorization"). Prior to repurchases under the ASR Agreement, approximately $225 million remained available under the Share Repurchase Authorization.
Pursuant to the terms of the ASR Agreement, on February 28, 2022, the Company will pay Wells Fargo $75 million in cash and will receive an initial delivery of approximately 3.4 million shares of the Company's common stock. The final number of shares to be repurchased by the Company will be based on the average of the daily volume-weighted average stock prices of the Company's common stock during the valuation period of the ASR Agreement, less a discount and subject to certain adjustments described therein. The resulting adjustments may affect the total amount expended by the Company or the aggregate number of shares it repurchases. The ASR Agreement contains provisions customary for agreements of this type, including provisions for adjustments to the transaction terms, the circumstances under which the ASR Agreement may be accelerated, extended or terminated early by Wells Fargo and various acknowledgments, representations and warranties made by the parties to one another. Final settlement of the ASR Agreement is expected to be completed before the end of the second calendar quarter of 2022, subject to acceleration.
A copy of the Company's press release announcing its entrance into the ASR Agreement is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number
Description
99.1
Press Release, Dated February 28, 2022
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TUPPERWARE BRANDS CORPORATION
(Registrant)
Date:
February 28, 2022
By:
/s/ Karen M. Sheehan
Karen M. Sheehan
Executive Vice President, Chief Legal Officer & Secretary