COLGATE-PALMOLIVE COMPANY (NYSE:CL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Change in Principal Accounting Officer.
At its meeting on September 26, 2017, the Board of Directors of Colgate-Palmolive Company (the “Company”) elected Henning I. Jakobsen, currently Vice President and General Manager for the Company’s Nordic Hub, as Vice President and Corporate Controller of the Company, effective October 1, 2017. Victoria Dolan, who has served as the Company’s Corporate Controller since February 2011, will continue as the Chief Transformation Officer of the Company.
Mr. Jakobsen, 57, joined the Company in 1989 and held key financial and operating roles at the subsidiary and division levels, including Vice President, Finance for the Company’s U.S. operations, before leaving the Company in 2006 to become Chief Financial Officer of Chr. Hansen, a Denmark-based multinational bioscience organization. Mr. Jakobsen rejoined the Company in 2011 to lead the Finance and Strategic Planning function of its European Division.
Item 5.04. | Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans. |
Change in Recordkeeper for Savings and Investment Plans.
On September 27, 2017, the Company received notice from the administrator of the Colgate-Palmolive Company Employees Savings and Investment Plan (the “S&I Plan”) stating that the S&I Plan is changing its recordkeeper from one outside vendor to another and, as a result, there will be a limited time period during which participants in the S&I Plan will be unable to direct or diversify investments in their S&I Plan accounts, or obtain a loan, withdrawal or distribution from the S&I Plan (the “S&I Plan Blackout Period”). The S&I Plan Blackout Period will begin at 3 p.m. Eastern Time on October 30, 2017, and is expected to end at 8 a.m. Eastern Time on November 6, 2017. The S&I Plan Blackout Period applies to all investments in the S&I Plan, including investments in Company common stock. Similar blackout restrictions will apply to participants in the Colgate-Palmolive Puerto Rico Savings and Investment Plan.
On September 28, 2017, the Company notified its directors and executive officers of the S&I Plan Blackout Period and the additional restrictions on trading in Company common stock that apply to them during the S&I Plan Blackout Period to Section 306(a) of the Sarbanes-Oxley Act of 2002 and Rule 104 of Regulation BTR under the Securities Exchange Act of 1934, as amended.
During the S&I Plan Blackout Period and for a period of two years thereafter, participants in the S&I Plan, security holders and other interested persons may obtain, without charge, information regarding the S&I Plan Blackout Period, including confirmation of the actual beginning and ending dates of the S&I Plan Blackout Period, by contacting Kristine Hutchinson, Assistant General Counsel – Corporate, at Colgate-Palmolive Company, 300 Park Avenue, New York, NY, 10022 or (212) 310-2000.
About COLGATE-PALMOLIVE COMPANY (NYSE:CL)
Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in over 200 countries and territories throughout the world. The Company’s segments include Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through over five geographic segments, which include North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia. The Company’s oral care products include Colgate Total; Colgate Sensitive Pro-Relief, Colgate Max Fresh, Colgate Maximum Cavity Protection with Sugar Acid Neutralizer and others. Colgate’s Oral Care business also includes pharmaceutical products for dentists and other oral health professionals. The Company, through its Hill’s Pet Nutrition segment, manufactures pet nutrition products for dogs and cats with products marketed in over 80 countries across the world. The Company sells its personal care products under the Palmolive, Protex and Softsoap brands.