Kimberly-Clark 8-K: Officer Changes, Comp Arrangements, Financials Filed
Ticker: KMB · Form: 8-K · Filed: Jan 30, 2024 · CIK: 55785
| Field | Detail |
|---|---|
| Company | Kimberly Clark CORP (KMB) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, executive-compensation, financial-reporting, leadership-change
TL;DR
**Kimberly-Clark filed an 8-K on Jan 30, detailing officer changes, compensation, and financial exhibits.**
AI Summary
Kimberly-Clark Corporation filed an 8-K on January 30, 2024, to report on two key items: changes in directors or officers and their compensation arrangements, and the filing of financial statements and exhibits. This filing also specifically mentions their Common Stock (KMB) and 0.625% Notes due 2024 (KMB24) are registered on the New York Stock Exchange. For investors, this matters because changes in leadership and compensation can signal strategic shifts or impact executive motivation, while the financial statements provide transparency into the company's performance.
Why It Matters
This filing indicates potential shifts in leadership and compensation structures, which can influence company strategy and future performance. It also confirms the availability of updated financial information for investor review.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of corporate governance and financial reporting, not indicating any immediate or significant new risks.
Analyst Insight
Investors should review the full financial statements and exhibits, once available, to understand the impact of any leadership changes or compensation adjustments on the company's financial health and future outlook.
Key Numbers
- 0.625% — Interest Rate (Rate for Notes due in 2024 (KMB24))
- 2024 — Maturity Year (Maturity year for the KMB24 Notes)
Key Players & Entities
- KIMBERLY-CLARK CORPORATION (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — where Kimberly-Clark's Common Stock and Notes are registered
- 0.625% (dollar_amount) — interest rate of notes due in 2024
- January 30, 2024 (date) — date of the report
FAQ
What specific items did Kimberly-Clark Corporation report in this 8-K filing?
Kimberly-Clark Corporation reported on 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits' as per the Item Information sections of the filing dated January 30, 2024.
What is the filing date of this 8-K report?
The Date of Report for this 8-K filing is January 30, 2024, as stated in the document.
On which exchange are Kimberly-Clark's Common Stock and 0.625% Notes due 2024 registered?
Both Kimberly-Clark's Common Stock (KMB) and its 0.625% Notes due 2024 (KMB24) are registered on the New York Stock Exchange, according to the 'Title of each class' section of the filing.
What is the registrant's telephone number and principal executive offices address?
The registrant's telephone number is (972) 281-1200, and the address of its principal executive offices is P.O. Box 619100, Dallas, TX 75261-9100, as detailed in the filing.
What is the Commission file number for Kimberly-Clark Corporation?
The Commission file number for Kimberly-Clark Corporation is 1-225, as indicated in the filing.
Filing Stats: 850 words · 3 min read · ~3 pages · Grade level 10.5 · Accepted 2024-01-30 16:20:30
Filing Documents
- pre-20240130.htm (8-K) — 32KB
- pre-20240130_g1.jpg (GRAPHIC) — 16KB
- 0000055785-24-000011.txt ( ) — 240KB
- pre-20240130.xsd (EX-101.SCH) — 3KB
- pre-20240130_def.xml (EX-101.DEF) — 15KB
- pre-20240130_lab.xml (EX-101.LAB) — 30KB
- pre-20240130_pre.xml (EX-101.PRE) — 16KB
- pre-20240130_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. 99.1 Press release issued by Kimberly-Clark Corporation on January 3 0 , 2024 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KIMBERLY-CLARK CORPORATION Date: January 30, 2024 By: /s/ Alison M. Rhoten Alison M. Rhoten Vice President, Deputy General Counsel, Global Corporate Affairs & Corporate Secretary Exhibit 99.1 Kimberly-Clark Appoints Grant McGee as Senior Vice President and General Counsel DALLAS, January 30, 2024 – Kimberly-Clark Corporation (NYSE: KMB) announced the appointment of Grant McGee to senior vice president and general counsel, effective Feb. 1. He will report to Jeff Melucci, who is expanding his enterprise responsibilities as chief business and transformation officer. McGee also will become a member of Kimberly-Clark's executive leadership team. McGee rejoins Kimberly-Clark from American Airlines, where he served as vice president, deputy general counsel and corporate secretary. Before that, he served in various roles of increasing responsibility at Kimberly-Clark from 2015 to 2022. "We are fortunate that Grant is returning to Kimberly-Clark," said Chairman and CEO Mike Hsu. "He is already a well-known and well-respected leader at our company. He has the depth of legal and enterprise experience needed to serve as general counsel, and I look forward to partnering with him as we continue to accelerate the next phase of our growth strategy." "Kimberly-Clark has a clear, purpose-led growth agenda," said McGee. "I'm looking forward to working with Mike, Jeff and the rest of our teams around the world to bring that purpose to l