Business Context and Reporting Period
This Form 8-K filing by The Clorox Company (CLOROX CO) reports on the results of its annual meeting of stockholders held on November 20, 2013, in Pleasanton, California. The filing serves to disclose the outcomes of shareholder votes on director elections, executive compensation, and auditor ratification.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report regarding corporate governance events and does not contain financial performance data.
Material Changes
No material financial changes or operational updates are reported in this filing. The document focuses exclusively on the administrative results of the shareholder vote.
Guidance, Outlook, and Management Commentary
The filing contains no management commentary, future guidance, risk factors, or discussion of contingencies. It strictly details the voting tallies for three specific proposals.
Important Facts for Investors to Verify
- Director Elections: All 11 nominated directors were re-elected. While the majority voted "For," significant "Against" votes were recorded for several directors, ranging from approximately 352,000 to 2.9 million votes.
- Executive Compensation: The advisory vote on executive compensation passed with 77,807,307 votes "For" and 5,707,565 votes "Against," representing a notable dissent of approximately 6.8% of the votes cast on this item.
- Auditor Ratification: Stockholders ratified the selection of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2014, with overwhelming support (110,339,134 "For" votes).
- Broker Non-Votes: There were 27,309,900 broker non-votes recorded for the director elections and the executive compensation vote, indicating shares held by brokers that were not voted on these specific matters.