Business Context and Reporting Period
This Form 8-K Current Report was filed by Colgate-Palmolive Company on December 2, 2005, regarding an event that occurred on December 1, 2005. The filing addresses a corporate action taken by the Board of Directors concerning the company's share repurchase program.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures. The only quantitative data disclosed relates to the share repurchase program:
- Program Authorization: Up to 20 million shares of common stock.
- Shares Remaining: As of November 30, 2005, 3,493,783 shares remained available for purchase under the existing program.
Material Changes
The Board of Directors authorized an extension of the existing share repurchase program. Originally announced in October 2004 with an expiration date of December 31, 2005, the program has been extended through March 31, 2006.
Guidance, Outlook, and Management Commentary
Management indicated that during the first quarter of 2006, in connection with the review of the 2006 budget, the Company expects to implement a new stock repurchase program. This new program is scheduled to take effect immediately upon the conclusion of the current extended program.
Important Facts for Investor Verification
- Verify the total number of shares repurchased between the original authorization in October 2004 and November 30, 2005, to confirm the remaining balance of 3,493,783 shares.
- Monitor the first quarter of 2006 for the announcement of the new stock repurchase program details, including authorization size and duration.
- Confirm the final expiration date of the current program is March 31, 2006, as authorized.