Item 15. Exhibits and Financial Statement Schedules.
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Item 15. Exhibits and Financial Statement Schedules.
a. Listing of Documents.
(1)Financial Statements. Our consolidated financial statements included in Item 8 hereof, as required at December 31, 2024 and 2023, and for the years ended December 31, 2024, 2023 and 2022, consist of the following:
(2)Financial Statement Schedule.
a. Our Financial Statement Schedule appended hereto, as required for the years ended December 31, 2024, 2023 and 2022, consists of the following:
| II. Valuation and Qualifying Accounts | 79 |
(3)Exhibits.
| Exhibit No. | Incorporated By Reference | Filed Herewith | ||||||||||||||||||||||||||||||||||||
| Exhibit Description | Form | Exhibit | Filing Date | |||||||||||||||||||||||||||||||||||
| 3.a | Restated Certificate of Incorporation of Masco Corporation. | 2015 10-K | 3.i | 02/12/2016 | ||||||||||||||||||||||||||||||||||
| 3.b | Bylaws of Masco Corporation, as Amended and Restated on February 5, 2021. | 2020 10-K | 3.b | 02/09/2021 | ||||||||||||||||||||||||||||||||||
| 4.a | Indenture dated as of December 1, 1982 between Masco Corporation and The Bank of New York Mellon Trust Company, N.A., as successor trustee under agreement originally with Morgan Guaranty Trust Company of New York, as Trustee, and Supplemental Indenture thereto dated as of July 26, 1994; and Directors' resolutions establishing Masco Corporation's: | 2016 10-K | 4.a | 02/09/2017 | ||||||||||||||||||||||||||||||||||
| 4.a i | 7-3/4% Debentures Due August 1, 2029. | 2014 10-K | 4.a.i(ii) | 02/13/2015 | ||||||||||||||||||||||||||||||||||
| 4.b | Indenture dated as of February 12, 2001 between Masco Corporation and The Bank of New York Mellon Trust Company, N.A., as successor trustee under agreement originally with Bank One Trust Company, National Association, as Trustee, and Supplemental Indenture thereto dated as of November 30, 2006; and Directors' Resolutions establishing Masco Corporation's: | 2016 10-K | 4.b | 02/09/2017 | ||||||||||||||||||||||||||||||||||
| 4.b i | 6-1/2% Notes Due August 15, 2032; | 2017 10-K | 4.b.i | 02/08/2018 | ||||||||||||||||||||||||||||||||||
| 4.b ii | 3.500% Notes Due November 15, 2027; and | 8-K | 4.1 | 06/15/2017 | ||||||||||||||||||||||||||||||||||
| 4.b iii | 4.500% Notes Due May 15, 2047. | 8-K | 4.2 | 06/15/2017 |
| Exhibit No. | Incorporated By Reference | Filed Herewith | ||||||||||||||||||||||||||||||||||||
| Exhibit Description | Form | Exhibit | Filing Date | |||||||||||||||||||||||||||||||||||
| 4.b iv | Second Supplemental Indenture, dated as of September 18, 2020, between Masco Corporation and The Bank of New York Mellon Trust Company, N.A., as successor trustee. | 8-K | 4.3 | 09/18/2020 | ||||||||||||||||||||||||||||||||||
| 4.b v | 4.500% Notes Due May 15, 2047 | 8-K | 4.2 | 09/18/2020 | ||||||||||||||||||||||||||||||||||
| 4.b vi | 2.000% Notes Due October 1, 2030 | 8-K | 4.1 | 09/18/2020 | ||||||||||||||||||||||||||||||||||
| 4.b vii | 1.500% Notes Due February 15, 2028 | 8-K | 4.1 | 03/04/2021 | ||||||||||||||||||||||||||||||||||
| 4.b viii | 2.000% Notes Due February 15, 2031 | 8-K | 4.2 | 03/04/2021 | ||||||||||||||||||||||||||||||||||
| 4.b ix | 3.125% Notes Due February 15, 2051 | 8-K | 4.3 | 03/04/2021 | ||||||||||||||||||||||||||||||||||
| Note 2: | Other instruments, notes or extracts from agreements defining the rights of holders of long-term debt of Masco Corporation or its subsidiaries have not been filed since (i) in each case the total amount of long-term debt permitted thereunder does not exceed 10 percent of Masco Corporation's consolidated assets, and (ii) such instruments, notes and extracts will be furnished by Masco Corporation to the Securities and Exchange Commission upon request. | |||||||||||||||||||||||||||||||||||||
| 4.c | Description of securities. | 2023 10-K | 4.c | 02/08/2024 | ||||||||||||||||||||||||||||||||||
| 10.a | Credit Agreement dated as of April 26, 2022 by and among Masco Corporation and Masco Europe S.à r.l. as borrowers, the lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A. and PNC Bank, National Association, as Co-Syndication Agents, and Deutsche Bank Securities, Inc., Royal Bank of Canada, Truist Bank, Bank of America, N.A., Fifth Third Bank and Wells Fargo Bank, National Association, as Co-Documentation Agents. | 10-Q | 10a | 04/27/2022 | ||||||||||||||||||||||||||||||||||
| Note 3: | Exhibits 10.b through 10.l constitute the management contracts and executive compensatory plans or arrangements in which certain of the directors and executive officers of the Company participate. | |||||||||||||||||||||||||||||||||||||
| 10.b | Masco Corporation 2014 Long Term Stock Incentive Plan (Amended and Restated May 9, 2016): | 10-Q | 10.a | 07/26/2016 | ||||||||||||||||||||||||||||||||||
| Form of Restricted Stock Unit Award Agreements: | ||||||||||||||||||||||||||||||||||||||
| 10.b i | for awards between December 17, 2019 and February 2, 2022 | 2019 10-K | 10.c.iii | 02/11/2020 | ||||||||||||||||||||||||||||||||||
| 10.b ii | for awards on or after February 3, 2022 | 2021 10-K | 10.c.iv | 02/08/2022 | ||||||||||||||||||||||||||||||||||
| Form of Stock Option Grant Agreements: | ||||||||||||||||||||||||||||||||||||||
| 10.b iii | for grants prior to July 1, 2018 | 8-K | 10.d | 05/06/2014 | ||||||||||||||||||||||||||||||||||
| 10.b iv | for grants between July 1, 2018 and December 17, 2019 | 2018 10-K | 10.c.iv | 02/07/2019 | ||||||||||||||||||||||||||||||||||
| 10.b v | for grants between December 17, 2019 and February 3, 2022 | 2019 10-K | 10.c.vi | 02/11/2020 | ||||||||||||||||||||||||||||||||||
| 10.b vi | for grants on or after February 3, 2022 | 2021 10-K | 10.c.viii | 02/08/2022 | ||||||||||||||||||||||||||||||||||
| 10.b vii | Form of Phantom Share Award Agreements | X | ||||||||||||||||||||||||||||||||||||
| 10.b viii | Form of Stock Appreciation Rights Agreements | X | ||||||||||||||||||||||||||||||||||||
| 10.b ix | Long Term Incentive Program under Masco Corporation's 2014 Long Term Stock Incentive Plan (Amended and Restated February 3, 2022) and form of Performance Restricted Stock Unit Award Agreement thereunder. | 2021 10-K | 10.c.xi | 02/08/2022 |
| Exhibit No. | Incorporated By Reference | Filed Herewith | ||||||||||||||||||||||||||||||||||||
| Exhibit Description | Form | Exhibit | Filing Date | |||||||||||||||||||||||||||||||||||
| 10.b x | Non-Employee Directors Equity Program under Masco Corporation's 2014 Long Term Stock Incentive Plan (Amended and Restated February 7, 2020). | 2019 10-K | 10.c.xiii | 02/11/2020 | ||||||||||||||||||||||||||||||||||
| Form of Restricted Stock Unit Award Agreement for Non-Employee Directors: | ||||||||||||||||||||||||||||||||||||||
| 10.b xi | for awards between February 7, 2020 and February 3, 2022 | 2019 10-K | 10.c.xiv | 02/11/2020 | ||||||||||||||||||||||||||||||||||
| 10.b xii | for awards on or after February 4, 2022 | 2021 10-K | 10.c.xvii | 02/08/2022 | ||||||||||||||||||||||||||||||||||
| 10.c | Masco Corporation 2024 Long Term Stock Incentive Plan | X | ||||||||||||||||||||||||||||||||||||
| 10.c i | Terms and Conditions of Awards Granted Under the Masco Corporation 2024 Long Term Stock Incentive Plan | X | ||||||||||||||||||||||||||||||||||||
| 10.c ii | Long Term Stock Incentive Program under Masco Corporation's 2024 Long Term Stock Incentive Plan and form of Performance Restricted Stock Unit Award Agreement thereunder. | X | ||||||||||||||||||||||||||||||||||||
| 10.c iii | Non-Employee Directors Equity Program under Masco Corporation's 2024 Long Term Stock Incentive Plan | 10-Q | 10.a | 07/25/2024 | ||||||||||||||||||||||||||||||||||
| 10.c iv | Form of Restricted Stock Unit Award Agreement for Non-Employee Directors | 10-Q | 10.b | 07/25/2024 | ||||||||||||||||||||||||||||||||||
| 10.d | Form of Masco Corporation Supplemental Executive Retirement and Disability Plan and amendments thereto (includes amendment freezing benefit accruals) for John G. Sznewajs. | 2015 10-K | 10.d.i(ii) | 02/12/2016 | ||||||||||||||||||||||||||||||||||
| 10.e | Other compensatory arrangements for executive officers. | 2016 10-K | 10.f | 02/09/2017 | ||||||||||||||||||||||||||||||||||
| 10.f | Compensation of Non-Employee Directors. | X | ||||||||||||||||||||||||||||||||||||
| 10.g | Masco Corporation Retirement Benefit Restoration Plan effective January 1, 1995 (as amended and restated December 22, 2010), and amendments thereto effective February 6, 2012 and January 1, 2014. | 2016 10-K | 10.i | 02/09/2017 | ||||||||||||||||||||||||||||||||||
| 10.h | Employment Offer Letter dated May 3, 2021 between Richard Marshall and Masco Corporation | 10-Q | 10 | 07/29/2021 | ||||||||||||||||||||||||||||||||||
| 10.i | Employment Offer Letter dated August 28, 2023 between Richard Westenberg and Masco Corporation | 10-Q | 10.a | 10/26/2023 | ||||||||||||||||||||||||||||||||||
| 10.j | Amended and Restated Severance and Release Agreement dated December 21, 2023 between Masco Corporation and John G. Sznewajs | 2023 10-K | 10.k | 02/08/2024 | ||||||||||||||||||||||||||||||||||
| 10.k | Amended and Restated Severance and Release Agreement dated December 30, 2023 between Masco Corporation and Richard A. O'Reagan | 2023 10-K | 10.l | 02/08/2024 | ||||||||||||||||||||||||||||||||||
| 10.l | Amended and Restated Transition and Severance Agreement and Release of All Liability dated October 25, 2023 between Masco Corporation and David A. Chaika. | 10-Q | 10.b | 10/26/2023 |
| Exhibit No. | Incorporated By Reference | Filed Herewith | ||||||||||||||||||||||||||||||||||||
| Exhibit Description | Form | Exhibit | Filing Date | |||||||||||||||||||||||||||||||||||
| 19 | Insider Trading Policies and Procedures | X | ||||||||||||||||||||||||||||||||||||
| 21 | List of Subsidiaries. | X | ||||||||||||||||||||||||||||||||||||
| 23 | Consent of Independent Registered Public Accounting Firm relating to Masco Corporation's Consolidated Financial Statements and Financial Statement Schedule. | X | ||||||||||||||||||||||||||||||||||||
| 31.a | Certification by Chief Executive Officer required by Rule 13a-14(a)/15d-14(a). | X | ||||||||||||||||||||||||||||||||||||
| 31.b | Certification by Chief Financial Officer required by Rule 13a-14(a)/15d-14(a). | X | ||||||||||||||||||||||||||||||||||||
| 32 | Certifications required by Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code. | X | ||||||||||||||||||||||||||||||||||||
| 97 | Policy Relating to Recovery of Erroneously Awarded Compensation | 2023 10-K | 97 | 02/08/2024 | ||||||||||||||||||||||||||||||||||
| 101 | The following financial information from Masco Corporation's Annual Report on Form 10-K for the year ended December 31, 2024, formatted in Inline XBRL: (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Comprehensive Income (Loss), (iv) the Consolidated Statements of Cash Flows, (v) the Consolidated Statements of Shareholders' Equity, and (vi) Notes to Consolidated Financial Statements. | X | ||||||||||||||||||||||||||||||||||||
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) | X |
The Company will furnish to its stockholders a copy of any of the above exhibits not included herein upon the written request of such stockholder and the payment to the Company of the reasonable expenses incurred by the Company in furnishing such copy or copies.
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