Business Context and Reporting Period
This Form 8-K Current Report from The Clorox Company (CLOROX CO) covers the annual meeting of stockholders held on November 19, 2014, in Pleasanton, California. The filing details the results of shareholder votes on director elections, executive compensation, and the ratification of the independent auditor.
Key Financial Metrics
This filing is a corporate governance report and does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The filing reports the successful election of eleven directors to serve until the next annual meeting. Additionally, shareholders approved the advisory vote on executive compensation and ratified the selection of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2015.
Guidance, Outlook, and Risks
The document does not provide management commentary, financial guidance, outlook, or specific risk factors. It strictly reports the voting outcomes of the annual meeting.
Important Facts for Investors
- Director Election: All eleven nominees were elected, with "For" votes ranging from approximately 80.6 million to 82.7 million. Broker non-votes totaled 27,534,230 for each director.
- Executive Compensation: The advisory vote on named executive officer compensation passed with 76,781,099 votes "For" and 5,720,566 votes "Against."
- Auditor Ratification: Ernst & Young LLP was ratified as the independent auditor with 109,654,070 votes "For" and 789,527 votes "Against."
- Broker Non-Votes: A significant number of broker non-votes (27,534,230) were recorded for the director elections and the executive compensation vote, but zero for the auditor ratification.