Business Context and Reporting Period
This Form 8-K Current Report was filed by The Clorox Company (CLX) on April 5, 2021. The filing addresses Item 5.02 regarding the departure of a senior officer and the appointment of a replacement.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel changes and associated compensation.
Material Changes
- Departure: Jeffrey R. Baker, Vice President - Chief Accounting Officer and Corporate Controller, notified the company of his resignation effective April 30, 2021.
- Appointment: Laura Peck was appointed as Vice President - Chief Accounting Officer & Corporate Controller, effective May 3, 2021.
- Compensation: Ms. Peck's approved package includes a base salary of $325,000 and a short-term incentive target of 50% of her salary, effective May 3, 2021.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on business strategy, or discussion of risks and contingencies. It confirms that Ms. Peck has no familial relationships or related party transactions requiring disclosure under Regulation S-K.
Investor Verification Checklist
- Verify the effective dates of the transition between Mr. Baker and Ms. Peck (April 30, 2021, and May 3, 2021).
- Confirm Ms. Peck's tenure and prior roles within the company (joined in 2004, previously VP - Accounting since August 2019).
- Review the specific compensation terms approved by the Management Development and Compensation Committee.