0001206774-23-001250.txt : 20231116 0001206774-23-001250.hdr.sgml : 20231116 20231116162001 ACCESSION NUMBER: 0001206774-23-001250 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20231115 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20231116 DATE AS OF CHANGE: 20231116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLOROX CO /DE/ CENTRAL INDEX KEY: 0000021076 STANDARD INDUSTRIAL CLASSIFICATION: SPECIALTY CLEANING, POLISHING AND SANITATION PREPARATIONS [2842] IRS NUMBER: 310595760 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07151 FILM NUMBER: 231414855 BUSINESS ADDRESS: STREET 1: THE CLOROX COMPANY STREET 2: 1221 BROADWAY CITY: OAKLAND STATE: CA ZIP: 94612-1888 BUSINESS PHONE: 5102717000 MAIL ADDRESS: STREET 1: P.O. BOX 24305 CITY: OAKLAND STATE: CA ZIP: 94612-1305 8-K 1 clx4266651-8k.htm CURRENT REPORT
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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 (Date of earliest event reported): November 15, 2023

THE CLOROX COMPANY
(Exact name of registrant as specified in its charter)

 
Delaware
(State or other jurisdiction of incorporation)
1-07151
(Commission File Number)
31-0595760
(I.R.S. Employer
Identification No.)

1221 Broadway, Oakland, California 94612-1888
(Address of principal executive offices)    (Zip code)

(510271-7000
(Registrant's telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
 Common Stock - $1.00 par value CLX  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 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

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.       ¨

 

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

(a)On November 15, 2023, The Clorox Company (the “Company”) held its virtual annual meeting of shareholders.
(b)The shareholders (1) elected all of the Company’s nominees for director; (2) approved the compensation of the Company’s named executive officers on an advisory basis; (3) indicated their preference that future advisory votes on the Company’s executive compensation be held annually; and (4) ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2024.
(c)The final voting results on each of the matters submitted to a vote are as follows:
1.Election of Directors:
   Number of Votes
   For  Against  Abstain  Broker Non-Votes
Amy L. Banse  85,080,070  944,899  243,529  18,117,979
Julia Denman  85,552,621  483,114  232,764  18,117,979
Spencer C. Fleischer  85,140,510  781,237  346,750  18,117,979
Esther Lee  85,112,848  931,708  223,942  18,117,979
A.D. David Mackay  85,410,850  599,483  258,165  18,117,979
Paul Parker  85,495,172  512,770  260,555  18,117,979
Stephanie Plaines  85,465,490  568,232  234,776  18,117,979
Linda Rendle  85,410,266  633,141  225,090  18,117,979
Matthew J. Shattock  83,736,272  2,290,573  241,653  18,117,979
Kathryn Tesija  85,320,272  710,570  237,076  18,117,979
Russell J. Weiner  85,417,730  604,581  244,587  18,117,979
Christopher J. Williams  84,869,044  1,083,890  315,563  18,117,979
2.Advisory Vote on the Approval of Named Executive Officers Compensation:
Number of Votes
For  Against  Abstain  Broker Non-Votes
80,442,142  5,304,739  521,616  18,117,979
3.Advisory Vote on the Frequency of Future Advisory Votes to Approve Executive Compensation:
Number of Votes
One Year  Two Years  Three Years  Abstain  Broker Non-Votes
84,325,421  189,088  1,408,855  345,134  18,117,979

2

 

In accordance with the voting results of proposal 3 above, the Company has determined that it will hold future non-binding advisory votes on named executive officers’ compensation on an annual basis.
4.Ratification of the selection of Ernst & Young LLP as the Company’s independent auditor for 2024.
Number of Votes
For  Against  Abstain  Broker Non-Votes
100,088,352  4,036,422  261,703  0

Item 8.01 Other Events.

On November 16, 2023, the Company issued a press release announcing that the Company’s chief executive officer and director, Linda Rendle, has been appointed chair of the Company’s board of directors, effective January 1, 2024. Matthew J. Shattock, who currently serves as independent chair of the board of directors, will transition to serve as lead independent director of the board of directors, effective January 1, 2024. Shattock will continue to serve as independent chair of the board of directors until Rendle’s appointment becomes effective. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 8.01.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits

See the Exhibit Index below.

EXHIBIT INDEX

Exhibit Description
   
99.1 Press Release dated November 16, 2023 of The Clorox Company
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

3

 

SIGNATURES

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.

  THE CLOROX COMPANY
     
Date:  November 16, 2023 By: /s/ Angela Hilt
    Angela Hilt
    Executive Vice President – Chief Legal Officer

4

 

EX-99.1 2 clx4266651-ex991.htm PRESS RELEASE

Exhibit 99.1

Clorox Board Names Linda Rendle Chair; Matthew Shattock to Become
Lead Independent Director

OAKLAND, Calif., Nov.16, 2023 – The Clorox Company (NYSE: CLX) today announced that its board of directors has elected CEO Linda Rendle to the role of chair of the board of directors, effective Jan. 1, 2024, and that Matthew Shattock, Clorox’s current board chair, will become lead independent director.

Rendle has served as CEO of Clorox and a member of the board of directors since September 2020. Shattock, a seasoned consumer packaged goods executive, became the company’s board chair on Feb. 15, 2021, and has been a member of the board of directors since 2018. As lead independent director, Shattock will retain significant responsibilities, including approving board meeting agendas, overseeing meetings of the independent directors, and leading CEO and board performance evaluations.

“Linda has demonstrated exceptional leadership of Clorox over the past three years as CEO,” said Shattock. “She has successfully guided the company through the pandemic, navigated a persistently challenging post-pandemic macroeconomic environment and a complex cybersecurity attack, and strengthened Clorox’s competitive position through the activation of a digital and organizational transformation. The board is confident that adding Board Chair to Linda’s role will enable her to continue to accelerate the meaningful changes she has already initiated to create a stronger, more resilient company.”

“I am honored to have the confidence of the board to serve as Clorox’s next board chair and am grateful to Matt for his support and guidance,” said Rendle. “Matt has provided incredibly valuable strategic perspective and insights, especially around our operational transformation, and I’m confident that will continue in his role as lead independent director. On behalf of the board, we thank him for his leadership and look forward to continuing to benefit from his vast industry and strategic transformation experience.”

Rendle is a 20-year veteran of Clorox—holding numerous senior leadership roles including president and executive vice president – Cleaning, International, Strategy and Operations, among others—where she developed deep business and functional expertise and oversaw the development of the company's IGNITE strategy. Before joining Clorox, Rendle worked for Procter & Gamble, where she held several positions in sales management. Rendle is on the board of directors of Visa Inc. and the Consumer Brands Association.

About The Clorox Company
The Clorox Company (NYSE: CLX) champions people to be well and thrive every single day. Its trusted brands, which include Brita®, Burt's Bees®, Clorox®, Fresh Step®, Glad®, Hidden Valley®, Kingsford®, Liquid-Plumr®, Pine-Sol® and Natural Vitality®, can be found in about nine of 10 U.S. homes and internationally with brands such as Ayudin®, Clorinda®, Chux® and Poett®. Headquartered in Oakland, California, since 1913, Clorox was one of the first U.S. companies to integrate ESG into its business reporting. In 2023 the company was ranked No. 1 on Barron's 100 Most Sustainable Companies list. Visit thecloroxcompany.com to learn more.

CLX-C  

Contacts:  

Media: corporate.communications@clorox.com 

Investors: investorrelations@clorox.com  

 

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Cover
Nov. 15, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 15, 2023
Entity File Number 1-07151
Entity Registrant Name THE CLOROX COMPANY
Entity Central Index Key 0000021076
Entity Tax Identification Number 31-0595760
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 1221 Broadway
Entity Address, City or Town Oakland
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94612-1888
City Area Code 510
Local Phone Number 271-7000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock - $1.00 par value
Trading Symbol CLX
Security Exchange Name NYSE
Entity Emerging Growth Company false
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