Here are the 10-K annual reports from Spectrum Brands Holdings, Inc. (SPB) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SPB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPB filings page.
Spectrum Brands Holdings filed Amendment No. 1 to its annual report mainly to add detailed Part III information on directors, executive officers, corporate governance and compensation, without changing prior financial statements. The company reports that as of December 31, 2025 it had 23,279,004 common shares outstanding and a non‑affiliate equity market value of about $1.69 billion as of March 30, 2025.
The six‑member board is now fully declassified, with a majority of independent directors and a designated lead independent director. Committees (audit, compensation and nominating/governance) are composed entirely of independent directors, and the audit committee members are all designated financial experts. The filing highlights extensive governance policies, including majority voting with a director resignation policy, anti‑hedging and anti‑pledging rules, stock ownership guidelines and a robust clawback framework.
Executive pay emphasizes “pay for performance” through a mix of base salary, an annual cash bonus plan and long‑term equity incentives tied largely to multi‑year financial goals. For fiscal 2025, the company notes net income from continuing operations of $100.2 million, Adjusted EBITDA of $289.1 million, operating cash flow from continuing operations of $204.1 million and adjusted free cash flow of $170.7 million, with below‑target incentive payouts reflecting preset performance hurdles.
Spectrum Brands Holdings, Inc. (SPB) filed its annual report describing a diversified global consumer products business built around three segments: Global Pet Care (GPC), Home & Garden (H&G), and Home & Personal Care (HPC). The company sells branded pet supplies, pest control and lawn products, and small home and personal care appliances across North America, EMEA, Latin America and Asia-Pacific through major retailers, e-commerce and distributors.
The filing highlights heavy reliance on large customers and seasonality. In GPC, Amazon and Walmart together represent about 34% of segment sales, while in H&G, The Home Depot, Lowe’s and Walmart account for about 64% of segment sales. H&G sales are most concentrated in the second and third fiscal quarters, whereas HPC skews to the holiday and “back-to-school” periods. As of November 11, 2025, SPB had 23,375,279 common shares outstanding, and non‑affiliate equity value was about $1,690 million at the end of its second fiscal quarter.
The report outlines extensive risk factors, including global economic and geopolitical uncertainty, supply chain disruptions, raw material and transportation cost volatility, dependence on third-party manufacturers (particularly in APAC), significant indebtedness and exchangeable notes, strict debt covenants, data privacy and cybersecurity exposure, environmental and regulatory obligations, and volatility in the company’s stock price. Management also emphasizes strategic priorities such as separating the HPC business into an independent appliances company and positioning SPB as a “pure play” consumer products company focused on GPC and H&G.