Colgate-Palmolive Files 8-K on Officer Compensation & Debt Notes
Ticker: CL · Form: 8-K · Filed: 2024-02-15T00:00:00.000Z
Sentiment: neutral
Topics: compensatory-arrangements, debt, corporate-governance
TL;DR
**Colgate-Palmolive just filed an 8-K on officer pay and various debt notes, standard stuff.**
AI Summary
Colgate-Palmolive Company filed an 8-K on February 15, 2024, to report on compensatory arrangements for certain officers. The filing details various notes, including 0.300% Notes due 2029, 0.500% Notes due 2026, 0.875% Notes due 2039, and 1.375% Notes due 2034. This report, filed under the Securities Exchange Act of 1934, indicates routine disclosures regarding executive compensation and debt instruments.
Why It Matters
This filing provides transparency into Colgate-Palmolive's executive compensation structures and its outstanding debt obligations, which can influence investor perception and financial stability.
Risk Assessment
Risk Level: low — The filing appears to be a routine disclosure of compensatory arrangements and existing debt instruments, not indicating any immediate new risks.
Key Numbers
- 0.300% — Notes Due (Interest rate for notes due 2029)
- 2029 — Notes Due (Maturity year for 0.300% Notes)
- 0.500% — Notes Due (Interest rate for notes due 2026)
- 2026 — Notes Due (Maturity year for 0.500% Notes)
- 0.875% — Notes Due (Interest rate for notes due 2039)
Key Players & Entities
- COLGATE-PALMOLIVE COMPANY (company) — Registrant
- Delaware (company) — State of Incorporation
- February 15, 2024 (date) — Date of earliest event reported
- 300 Park Avenue , New York , New York 10022 (company) — Principal Executive Office Address
- 1-644 (dollar_amount) — Commission File Number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on February 15, 2024.
What is the full legal name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is COLGATE-PALMOLIVE COMPANY.
What types of notes are mentioned in the filing with their respective due dates?
The filing mentions 0.300% Notes due 2029, 0.500% Notes due 2026, 0.875% Notes due 2039, and 1.375% Notes due 2034.
What is the primary purpose of this 8-K filing according to the Item Information?
The Item Information states the filing is for "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers."
Where is Colgate-Palmolive Company's principal executive office located?
Colgate-Palmolive Company's principal executive office is located at 300 Park Avenue, New York, New York 10022.
Filing Stats: 609 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-02-15 16:30:40
Key Financial Figures
- $1.00 — nge on which registered Common Stock, $1.00 par value CL New York Stock Exchang
Filing Documents
- a53897051.htm (8-K) — 30KB
- 0001157523-24-000262.txt ( ) — 219KB
- cl-20240215.xsd (EX-101.SCH) — 5KB
- cl-20240215_def.xml (EX-101.DEF) — 18KB
- cl-20240215_lab.xml (EX-101.LAB) — 28KB
- cl-20240215_pre.xml (EX-101.PRE) — 21KB
- a53897051_htm.xml (XML) — 9KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 15, 2024, the Board of Directors (the "Board") of Colgate-Palmolive Company ("Colgate") elected Brian Newman, Executive Vice President and Chief Financial Officer of United Parcel Service, Inc. ("UPS"), to the Colgate Board, effective March 15, 2024. Mr. Newman, 55, will bring extensive financial and global business leadership experience and expertise in the consumer products industry to Colgate's Board. Prior to joining UPS in 2019, Mr. Newman spent 26 years at PepsiCo, Inc. ("PepsiCo"), where he served in a variety of finance leadership roles spanning Europe, Asia and North and South America. He also served as Executive Vice President for PepsiCo's Global Operations, responsible for global operations including supply chain, global procurement, global security, enterprise risk management and transformation and as PepsiCo's Chief Strategy Officer. Mr. Newman will receive compensation as a non-employee director in accordance with Colgate's director compensation program described in Colgate's proxy statement filed with the Securities and Exchange Commission on March 29, 2023. In accordance with Colgate's mandatory director retirement policy, Stephen I. Sadove, 72, will retire as a director at the end of his current term and will not stand for reelection to the Board at the Annual Meeting of Stockholders to be held on May 10, 2024. 2 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. COLGATE-PALMOLIVE COMPANY Date: February 15, 2024 By: /s/ Jennifer M. Daniels Name: Jennifer M. Daniels Title: Chief Legal Officer and Secretary 3