Business Context and Reporting Period
This Form 8-K filing by Colgate-Palmolive Company reports on the results of the annual meeting of stockholders held on May 8, 2009. The report was filed on May 20, 2009.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Director Elections: Nine directors were elected. All candidates received a majority of votes cast, though Stephen I. Sadove received the highest number of "Against" votes (12,569,214).
- Independent Auditor: The selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the year ending December 31, 2009, was ratified with 444,283,391 votes for.
- Executive Compensation Plan: The 2009 Executive Incentive Compensation Plan was approved with 325,329,854 votes for.
- Stockholder Proposal: A stockholder proposal regarding an advisory vote on executive compensation was not approved. It received 169,618,826 votes for and 187,195,889 votes against.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. For details on vote requirements, the filing refers investors to the Company's 2009 Proxy Statement.
Important Facts for Investors to Verify
- Verify the specific vote thresholds required for approval in the 2009 Proxy Statement.
- Review the 2009 Proxy Statement for details on the rejected stockholder proposal regarding executive compensation.
- Confirm the full slate of elected directors and their tenure terms.
- Check subsequent filings for financial performance data, as this 8-K contains no financial metrics.