Business Context and Reporting Period
This Form 8-K was filed by The Clorox Company on February 19, 2004. The report addresses a temporary suspension of trading under the Company's employee benefit plans, specifically the 401(k) Plan (formerly ERIP).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is non-financial in nature and focuses solely on administrative changes to the employee benefit plan.
Material Changes
The Company is converting its record keeper, service provider, and plan administrator for the 401(k) Plan from Putnam Investments to T. Rowe Price Associates. This transition necessitates a temporary suspension of trading activities.
Guidance, Outlook, and Risks
- Blackout Period: Trading restrictions will begin at 3:00 p.m. Eastern Time on March 25, 2004, and are expected to end at 9:00 a.m. Eastern Time on April 5, 2004.
- Restrictions: During this period, participants cannot direct or diversify investments, including purchases or sales of Company common stock. Additionally, no loans or distributions from the Plan will be permitted.
- Section 16 Officers: Directors and officers subject to Section 16 of the Securities Exchange Act of 1934 have been notified and are restricted from trading Company common stock during the Blackout Period.
- Contact Information: Inquiries regarding the Blackout Period should be directed to Ms. Cheryl Ulery in the Benefits Management Department.
Key Facts for Investors
- The Company is switching 401(k) administrators from Putnam Investments to T. Rowe Price Associates.
- A trading blackout for the 401(k) Plan is scheduled from March 25, 2004, to April 5, 2004.
- Company insiders (Section 16 officers) are prohibited from trading stock during this specific window.
- No financial performance data or guidance is included in this filing.