Business Context and Reporting Period
Company: The Clorox Company (CLX)
Filing Type: Form 8-K (Current Report)
Date of Report: November 13, 2019
Event: Regulation FD Disclosure regarding a new renewable energy agreement.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. It is a disclosure of a specific corporate event.
Material Changes
The company announced the entry into a 70 megawatt (MW) virtual power purchase agreement (VPPA). Key details include:
- Counterparty: A wholly owned subsidiary of Enel Green Power North America.
- Start Date: Renewable energy purchases begin in 2021.
- Capacity: 70 MW.
Guidance, Outlook, and Risks
The filing does not provide updated financial guidance, management commentary on future performance, or specific risk factors beyond the disclosure of the new agreement. The press release detailing the agreement is attached as Exhibit 99.1.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific terms of the VPPA.
- Verify the impact of the 70 MW renewable energy purchase on future operational costs and sustainability goals starting in 2021.
- Confirm the identity and financial standing of the Enel Green Power North America subsidiary.