M&A - WHIRLPOOL CORP /DE/

Form Type: DEF 14A

Filing Date: 2025-03-05

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525047168

Filing Summary: In 2024, Whirlpool Corporation completed transformative transactions significantly impacting its portfolio, including contributing its European major domestic appliance business to Beko Europe B.V. and finalizing the sale of its Middle East and Africa business to Arçelik. The company also reduced its interest in Whirlpool of India Ltd. to 51% by selling 24% of the outstanding shares. These strategic moves reflect Whirlpool's ongoing efforts to transition toward a higher-growth business model and enhance operational efficiency. The 2025 Annual Meeting of Stockholders is scheduled for April 15, 2025, where shareholders will vote on key matters, including the election of directors and executive compensation. The meeting also comes as the company deals with external challenges such as economic conditions impacting the housing market, which affect consumer demand. The proxy statement emphasizes the importance of corporate governance and sustainability as Whirlpool navigates through its strategic initiatives and stakeholder engagements.

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