Business Context and Reporting Period
This Form 8-K filing by The Clorox Company (CLOROX CO) was submitted on September 16, 2014. The report addresses a corporate governance matter regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the resignation of Tully M. Friedman from the Board of Directors, effective November 19, 2014. Mr. Friedman, a director since 1997, tendered his resignation in accordance with the Company's Corporate Governance Guidelines, which require non-management directors to resign prior to the Annual Meeting of Stockholders at which they will reach age 72.
Outlook, Risks, and Management Commentary
Management explicitly stated that Mr. Friedman's decision not to stand for re-election is not a result of any disagreement with the Company. No other risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Resignation of Director Tully M. Friedman is effective November 19, 2014.
- The departure is voluntary and driven by age-related governance guidelines, not internal conflict.
- Mr. Friedman served on the Board for 17 years (since 1997).
- No financial data or operational guidance is included in this specific filing.