Business Context and Reporting Period
This Form 8-K Current Report was filed by Colgate-Palmolive Company on January 13, 2011. The filing addresses corporate governance changes, specifically the appointment of a senior officer, rather than financial performance results.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and compensatory arrangements.
Material Changes
The primary material change reported is the election of Victoria Dolan as Vice President and Corporate Controller, effective February 1, 2011. Ms. Dolan was previously the Vice President, Finance and Strategic Planning for the Company's European Division.
Management Commentary and Compensatory Arrangements
- Appointment: The Board of Directors elected Victoria Dolan to the role of Vice President and Corporate Controller.
- Background: Ms. Dolan joined Colgate-Palmolive in 2008 from Marriott International, Inc., where she served as Executive Vice President, Finance and CFO of the vacation ownership division. Prior to Marriott, she held leadership roles at The Coca-Cola Company.
- Compensation: In connection with her election, the Board granted Ms. Dolan an award of 5,000 shares of restricted stock under the Company's 2009 Executive Incentive Compensation Plan.
Investor Verification Checklist
- Confirm the effective date of the new Corporate Controller (February 1, 2011).
- Verify the specific terms of the 5,000 restricted stock award granted under the 2009 Executive Incentive Compensation Plan.
- Review Ms. Dolan's prior tenure and responsibilities at Marriott International and The Coca-Cola Company as disclosed.