Business Context and Reporting Period
This Form 8-K filing by Ecolab Inc. (Delaware) was submitted on February 27, 2006. The report addresses corporate governance changes specifically 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 not a financial statement filing.
Material Changes
- Director Retirement: Mr. James J. Howard, a director since 1991, retired from the Board on February 27, 2006, pursuant to the Company's age 70 retirement policy.
- Board Size Reduction: The Board size was decreased from 13 to 12 directors following Mr. Howard's retirement.
- Committee Appointment: Joel W. Johnson, a director since 1996, was appointed to replace Mr. Howard as Chair of the Audit Committee.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is limited to the announcement of the director's departure and subsequent appointment.
Key Facts for Investor Verification
- Confirm the effective date of Mr. Howard's retirement (February 27, 2006).
- Verify the new composition of the Audit Committee with Joel W. Johnson as Chair.
- Note the reduction in total Board membership to 12 directors.