Kimberly-Clark 8-K: Officer Changes, Comp Arrangements, Financials Filed

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

From the Filing

0000055785-24-000011.txt : 20240130 0000055785-24-000011.hdr.sgml : 20240130 20240130162030 ACCESSION NUMBER: 0000055785-24-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240130 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KIMBERLY CLARK CORP CENTRAL INDEX KEY: 0000055785 STANDARD INDUSTRIAL CLASSIFICATION: CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 390394230 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00225 FILM NUMBER: 24578443 BUSINESS ADDRESS: STREET 1: 351 PHELPS DRIVE CITY: IRVING STATE: TX ZIP: 75038 BUSINESS PHONE: 9722811200 MAIL ADDRESS: STREET 1: P O BOX 619100 STREET 2: DFW AIRPORT STATION CITY: DALLAS STATE: TX ZIP: 75261-9100 8-K 1 pre-20240130.htm 8-K FORM pre-20240130 0000055785 FALSE 0000055785 2024-01-30 2024-01-30 0000055785 us-gaap:CommonStockMember 2024-01-30 2024-01-30 0000055785 pre:A0625NotesDue2024Member 2024-01-30 2024-01-30 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: January 30, 2024 KIMBERLY-CLARK CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-225 39-0394230 (State or other jurisdiction of incorporation) (Commission file number) (I.R.S. Employer Identification No.) P.O. Box 619100 Dallas, TX 75261-9100 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: (972) 281-1200 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock KMB New York Stock Exchange 0.625% Notes due 2024 KMB24 New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On January 30, 2024, the Corporation’s Board of Directors elected Jeffrey Melucci to the position of Chief Business and Transformation Officer, effective immediately. Prior to such election, Mr. Melucci served as Chief Business Development and Legal Officer. On that same date, the Board elected Grant McGee to the position of Senior Vice President and General Counsel, effective February 1, 2024. Mr. McGee will report to Mr. Melucci. A copy of the related news release is attached as Exhibit 99.1 and is incorporated