https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
Our mix shift strategy
continues to accelerate, and in 2012, 45 percent of
our operating income was generated from Specialty,
versus a mere two percent in 2005.
Newlin
Chairman, President and Chief Executive Officer
March 11, 2013
25+38+38
+73+74+95
19+15+9
+56+72+85
Operating Income %
Specialty
PP&S
Distribution
Specialty Platform
Operating Income % of Total
ROIC** (after-tax)
2007
3.2%
6.1%
3.0%
20%
7%
2012
9.1%
9.0%
6.4%
45%
11%
2015 TARGET
12%–16%
9%–12%
6%–7.5%
65%–75%
15%
2012
2011
2010
2009
2008
2007
0 20 40 60 80 100 120
$ mIllIOnS
SPECIAlTY PlATFORm
OPERATInG InCOmE
40+68+70
+86+84+90201220112010
2009
2008
2007
0 10 20 30 40 50 60
% PERCEnTAGE
SPECIAlTY PlATFORm
OPERATInG InCOmE % OF TOTAl*
41+33+35
+70+79+93201220112010
2009
2008
2007
0 1 2 3 4 5 6 7 8
% PERCEnTAGE
ADJUSTED RETURn
On SAlES^
POlYOnE STOCK (POl) PERFORmAnCE VERSUS S&P
2012
2011
2010
2009
2008
2007
0 .20 .40 .60 .80 1.00 1.20 1.40
$ DOll ARS
ADJUSTED EARnInGS
PER SHARE†
0 .2 .4 .6 .8 1 1.2
*Operating income excludes corporate
operating income
SAFETY
InJURY InCIDEnCE RATE˚
2012
2011
2010
2009
2008
2007
12.31.09 6.30.10 12.31.10 6.30.11 12.31.11 6.30.12 12.31.12
DATE
200
150
100
50
0
%
P
E
R
C
E
n
TA
G
E
POl S&P 600 CHEmICAlS S&P 500
InJURY InCIDEnCE R ATE
91+91+71
+54+47+45
˚Number of injuries per 100 full time associates^Operating income excludes special items and
equity income from SunBelt
**ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
†EPS excluding special items and equity income
from SunBelt
POL 173%
S&P 600 Chemicals 34%
S&P 500 28%
5
ANNUAL REPORT 2012
Proof of Performance
Our values, strategy, commitment and execution are clearly evident in our recent financial and operational performance.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Index to Financial Statements
Page
Management’s Report 40
Reports of Independent Registered Public Accounting Firm 41-42
Consolidated Financial Statements:
Consolidated Statements of Income 43
Consolidated Statements of Comprehensive Income 44
Consolidated Balance Sheets 45
Consolidated Statements of Cash Flows 46
Consolidated Statements of Shareholders’ Equity 47
Notes to Consolidated Financial Statements 48-78
POLYONE CORPORATION 39
MANAGEMENT’S REPORT
The management of PolyOne Corporation is responsible for preparing the consolidated financial
statements and disclosures included in this Annual Report on Form 10-K.
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
Online access will begin at 8:45 a.m.
COMPENSATION DISCUSSION AND ANALYSIS
PROXY STATEMENT 2022 | Annual Meeting of Shareholders 45
Measure 2021 2020 Change
Revenue $4,818.8 $3,242.1 48.6%
Working Capital as a Percentage of Sales 10.9% 11.1% -1.8%
Stock Price Per Share(1) $55.95 $40.28 38.9%
EPS from Continuing Operations $2.53 $1.46 73.3%
Adjusted EPS from Continuing Operations(2) $3.05 $1.73 76.3%
Adjusted EPS from Continuing Operations
(Pro Forma)(2)(3)
$3.05 $1.93 58.0%
Operating Income $381.2 $189.3 101.4%
Adjusted Operating Income(2) $429.0 $263.0 63.1%
(1) Represents our adjusted closing price on the last trading day of the applicable year
Base Salary
Annual Incentive
Long-Term
Incentive
To attract and retain talent
Drives the achievement of
key business results on an
annual basis
Directly ties the interests of
NEOs to our shareholders
Fixed base of cash
compensation
Performance-based and not
guaranteed
Helps retain key talent and a
majority is performance-based
and not guaranteed
Weighting
14%—CEO
31%—CFO
34%—Other NEOs
Weighting
18%—CEO
22%—CFO
21%—Other NEOs
Weighting
68%—CEO
47%—CFO
45%—Other NEOs
While the Compensation Committee does consider comparative compensation information to gain a
general understanding of current compensation practices in the market, it does not benchmark or
ultimately target a specific percentile or data point in assessing competitiveness for base pay or our
incentive programs.
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
2025 Proxy Statement
Table of Contents Page
Letter to Shareholders i
Notice of 2025 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 2
Advance Voting Methods 2
Voting During the Annual Meeting 3
Questions 3
Our Purpose and Strategic Framework 4
People 4
Products 5
Planet 5
Performance 6
Our Director Nominees and Committee Membership 6
Summary of Director Nominee Skills, Experience and Background 7
Governance Highlights 8
PROPOSAL 1—Election of Twelve Director Nominees to Our Board of
Directors
10
PROPOSAL 2—Approval, on an Advisory Basis, of Named Executive Officer
Compensation
23
PROPOSAL 3—Ratification of the Appointment of Ernst & Young LLP ("EY")
as Our Independent Registered Public Accountant
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 37
Board Tenure 37
2024 Non-Employee Director Compensation 38
Non-Employee Director Compensation Highlights 38
Non-Employee Director Retainer and Meeting Fees 38
2024 Non-Employee Director Compensation Table 39
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 45
What We Pay and Why: Elements of Compensation 47
Other Aspects of Our Compensation Programs 54
Executive Compensation 59
2024 Summary Compensation Table 59
2024 Grants of Plan-Based Awards 62
Outstanding Equity Awards at 2024 Fiscal Year-End 64
2024 Option Exercises and Stock Vested 65
2024 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 76
Risk Assessment of the Compensation Programs 76
Compensation Committee Report 76
Miscellaneous Provisions 77
Appendix A 80
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.
Online access will begin at 8:45 a.m.
COMPENSATION DISCUSSION AND ANALYSIS
PROXY STATEMENT 2025 | Annual Meeting of Shareholders 45
As described below, the Consultant assisted the Compensation Committee by (1) providing comparative
compensation information for management's review of base salaries, annual incentive targets and long-term
incentive targets in the context of a general understanding of current compensation practices in the market,
(2) providing guidance on incentive plan design, (3) monitoring and communicating trends in executive
compensation to the Compensation Committee, (4) assisting with our proxy statement disclosures, and
(5) assessing our Board’s compensation.
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
Massillon, Ohio 45.
Pederson 57 Senior Vice President, President of Specialty Engineered Materials
Vinod Purayath 45 Senior Vice President and Chief Technology Officer
Joel R.
We expect finite-lived intangibles amortization expense for the next five years as follows:
(In millions) 2024 2025 2026 2027 2028
Expected amortization expense $ 77.3 $ 77.3 $ 76.6 $ 74.5 $ 74.0
45 AVIENT CORPORATION
Note 5 — EMPLOYEE SEPARATION AND RESTRUCTURING COSTS
We are engaged in a restructuring program associated with our integration of Clariant Color.
https://www.avient.com/sites/default/files/2020-09/sustainabilityreport2018.pdf
New lower diameter Swellcoat™ yarns have
enabled cable designers to reduce the cable footprint
to develop higher fiber count cables, increasing the data
transmission capability within a fixed cross section.
5G as a Sustainability Enabler
Sustainability Report | 2018 45
Outdoor enthusiasts demand gear and equipment that
delivers uncompromising performance, in places where
failure is not an option.
Reporting Practice
102–45
Entities included in the consolidated financial
statements
PolyOne 2018 Annual Report—Form 10-K
Page Cover Page
102–46 Defining report content and topic boundaries
The information in this report applies to PolyOne
Corporation and all owned facilities, joint
ventures, and operating companies globally
within the reporting period, unless otherwise
stated.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_HIN2.pdf
फर्ासंि सक्ो नाकासटो, 1700
13295-000 इटपु वेा साओ पॉलो,
बर्ाज़ ील
दरूभाष: +55 11 4593 9200
यरूोपयरूोप
पर्कष् तेर् ीय म खुय्ालय
पोमरलोक, लकस्मबरग्
19 र टू द े बासट्ोगन् े पोमरलोक,
लकस्मबरग्, L-9638
दरूभाष: +352 269 050 35
फ कैस्: +352 269 050 45 35
Fax: +352 269 050 45
www.avient.com
https://www.avient.com
AVIENT क ी आचार सहंि ता क े अनपुालन क ी अभि सव् ीकतृिAVIENT क ी आचार सहंि ता क े अनपुालन क ी अभि सव् ीकतृि
नि रद् शे:नि रद् शे:
कपृया यह दसत्ाव जे़ पढ ़े,ं हसत्ाकष्र कर ें और मानव ससंाधन वि भाग को लौटा द े।ं
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Indonesian.pdf
Francisco Nakasato, 1700
13295-000 Itupeva Sao Paulo,
Brasil
Telepon: +55 11 4593 9200
Eropa
Kantor Pusat Regional
Pommerloch, Luksemburg
19 Route de Bastogne
Pommerloch, Luksemburg,
L-9638
Telepon: +352 269 050 35
Faks: +352 269 050 45
www.avient.com
https://www.avient.com
Pesan Dari CEO
Visi
Nilai Inti dan Pribadi
Pedoman Perilaku Kita
Pedoman Perilaku Etis
Nilai Pribadi
Menyelesaikan Pertanyaan dan Melaporkan Situasi Ketidakpatuhan
Saluran Langsung Etika
Larangan Pembalasan Dendam
Penerapan Pedoman Perilaku
Pelanggaran Pedoman
Menghormati Semua Orang
Keragaman dan Inklusi
Diskriminasi atau Pelecehan
Hubungan di Tempat Kerja
Penyalahgunaan Zat Terlarang
Keamanan Fisik dan Kekerasan di Tempat Kerja
Kejujuran di Tempat Kerja
Informasi, Data, dan Catatan yang Akurat
Integritas Akuntansi
Penyelidikan dan Permintaan Informasi dari Pemerintah
Kontribusi/Kegiatan Politik dan Kontribusi Amal
Informasi dan Perdagangan Orang Dalam
Keamanan Komputer, Lisensi Perangkat Lunak, dan Hak Cipta
Media Sosial dan Jejaring Sosial
Perlindungan Privasi, Informasi Pribadi, dan Data
Informasi Berhak Milik dan Rahasia, Gagasan, dan Kekayaan Intelektual
Pengamanan dan Penggunaan Aset Kita semua bertanggung jawab untuk melindungi aset dan sumber daya Avient yang disediakan kepada kita selama bekerja dari kehilangan melalui kelalaian atau pencurian.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_russian.pdf
Поммерлох, Люксем-
бург
19 Route de Bastogne
Pommerloch, Luxembourg,
L-9638
Телефон: +352 269 050 35
Факс: +352 269 050 45
www.avient.com
https://www.avient.com
ОБРАЩЕНИЕ ГЕНЕРАЛЬНОГО ДИРЕКТОРА
Наше видение и стратегия
Основополагающие и личностные ценности
Наш кодекс поведения
РУКОВОДЯЩИЕ ПРИНЦИПЫ ДЛЯ ЭТИЧНОГО ПОВЕДЕНИЯ
ЛИЧНОСТНЫЕ ЦЕННОСТИ
РЕШЕНИЕ ВОПРОСОВ И СООБЩЕНИЯ О СИТУАЦИЯХ, КОГДА ПРОИСХОДЯТ НАРУШЕНИЯ НОРМАТИВНО-ПРАВОВОГО СООТВЕТСТВИЯ
ГОРЯЧАЯ ЛИНИЯ ПО ВОПРОСАМ ЭТИКИ
ЗАПРЕТ МЕР ВОЗМЕЗДИЯ
ПРИМЕНЕНИЕ КОДЕКСА ПОВЕДЕНИЯ
НАРУШЕНИЯ КОДЕКСА
Уважение ко всем
РАЗНООБРАЗИЕ И ВКЛЮЧЕНИЕ СОТРУДНИКОВ В ПРОЦЕСС ОБСУЖДЕНИЯ ПРОБЛЕМ
ДИСКРИМИНАЦИЯ ИЛИ ПРИТЕСНЕНИЯ
ОТНОШЕНИЯ НА РАБОЧЕМ МЕСТЕ
ЗЛОУПОТРЕБЛЕНИЕ АЛКОГОЛЕМ И НАРКОТИКАМИ
ФИЗИЧЕСКАЯ БЕЗОПАСНОСТЬ И НАСИЛИЕ НА РАБОЧЕМ МЕСТЕ
Честность на рабочем месте
ТОЧНАЯ ИНФОРМАЦИЯ, ДАННЫЕ И ДОКУМЕНТАЦИЯ
ДОБРОСОВЕСТНОСТЬ БУХГАЛТЕРСКОГО УЧЕТА
РАССЛЕДОВАНИЯ, ПРОВОДИМЫЕ ГОСУДАРСТВЕННЫМИ ОРГАНАМИ, И ЗАПРОСЫ
ПОЛИТИЧЕСКИЕ ВЗНОСЫ/МЕРОПРИЯТИЯ И БЛАГОТВОРИТЕЛЬНЫЕ ВЗНОСЫ
ИНСАЙДЕРСКАЯ ИНФОРМАЦИЯ И ТОРГОВЛЯ
КОМПЬЮТЕРНАЯ БЕЗОПАСНОСТЬ, ЛИЦЕНЗИРОВАНИЕ ПРОГРАММНОГО ОБЕСПЕЧЕНИЯ И АВТОРСКИЕ ПРАВА
СОЦИАЛЬНЫЕ МЕДИА И СОЦИАЛЬНЫЕ СЕТИ
КОНФИДЕНЦИАЛЬНОСТЬ, ЛИЧНАЯ ИНФОРМАЦИЯ И ЗАЩИТА ДАННЫХ
ЛИЧНАЯ И КОНФИДЕНЦИАЛЬНАЯ ИНФОРМАЦИЯ, ИДЕИ И ИНТЕЛЛЕКТУАЛЬНАЯ СОБСТВЕННОСТЬ
ЗАЩИТА АКТИВОВ И ИХ ИСПОЛЬЗОВАНИЕ
КОММУНИКАЦИИ КОМПАНИИ
ИСПОЛЬЗОВАНИЕ ИНТЕРНЕТА И ЭЛЕКТРОННОЙ ПОЧТЫ
Добросовестность в нашем бизнесе
ЧЕСТНАЯ ДЕЛОВАЯ ПРАКТИКА
ВЗЯТКИ И ОТКАТЫ
АГЕНТЫ И КОНСУЛЬТАНТЫ
КОНКУРЕНЦИЯ
ПОДАРКИ И ЗНАКИ ГОСТЕПРИИМСТВА
КОНФЛИКТ ИНТЕРЕСОВ
ЗЛОУПОТРЕБЛЕНИЕ СЛУЖЕБНЫМ ПОЛОЖЕНИЕМ
МЕЖДУНАРОДНАЯ ТОРГОВЛЯ
Корпоративная социальная ответственность
УСТОЙЧИВОЕ РАЗВИТИЕ
БЕЗОПАСНОСТЬ, ЗДОРОВЬЕ И ОКРУЖАЮЩАЯ СРЕДА
БЕЗОПАСНОСТЬ ПРОДУКЦИИ И УСЛУГ
УВАЖЕНИЕ ПРАВ ЧЕЛОВЕКА
СОВМЕСТНОЕ ОБЯЗАТЕЛЬСТВО
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_LatinAmerica.pdf
Francisco Nakasato, 1700
13295-000 Itupeva
San Pablo, Brasil
Teléfono: +55 11 4593 9200
Europa
Sede central regional de
Pommerloch, Luxemburgo
19 Route de Bastogne
Pommerloch, Luxemburgo,
L-9638
Teléfono: +352 269 050 35
Fax: +352 269 050 45
www.avient.com
https://www.avient.com
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Spain_0.pdf
Francisco Nakasato, 1700
13295-000 Itupeva São Paulo,
Brasil
Teléfono: +55 11 4593 9200
Europa
Sede regional de Pommerloch,
Luxemburgo
19 Route de Bastogne
Pommerloch, Luxemburgo,
L-9638
Teléfono: +352 269 050 35
Fax: +352 269 050 45
www.avient.com
https://www.avient.com