UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 13, 2022, the Board of Directors (the “Board”) of The Clorox Company (the “Company”) elected Julia (Charter) Denman and Stephanie Plaines to the Board, each effective as of May 16, 2022. It is expected that both Ms. Denman and Ms. Plaines will be appointed to the Audit Committee at the Board meeting in September 2022. Each of Ms. Denman and Ms. Plaines will be provided with the Company’s standard non-employee director compensation and director indemnification agreement.
A press release announcing the election of Ms. Denman and Ms. Plaines is filed as Exhibit 99.1 and is incorporated herein in its entirety.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
See the Exhibit Index below.
EXHIBIT INDEX
| Exhibit | Description | |
| 99.1 | Press Release dated May 18, 2022, of The Clorox Company | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE CLOROX COMPANY | ||||
| Date: May 18, 2022 | By: | /s/ Angela Hilt | ||
| Angela Hilt | ||||
| Senior Vice President – Chief Legal Officer | ||||
| PRESS RELEASE |
Clorox Announces Appointment of Julia Denman and Stephanie Plaines to its Board of Directors
OAKLAND, California, May 18 – The Clorox Company (NYSE: CLX) today announced the appointment of Julia (Charter) Denman and Stephanie Plaines to its board of directors, bringing additional deep financial expertise and industry leadership experience.
| Julia Denman | Stephanie Plaines |
Denman, 51, brings nearly 30 years of leadership and financial experience in both the technology and consumer packaged goods sectors. As corporate vice president and head of internal audit, enterprise risk and compliance at Microsoft, she provides independent and objective assessments of the company’s business strategies and operations as well as oversight of its governance and strategy for global risk management and compliance. She previously served as chief financial officer of Microsoft’s worldwide marketing and consumer business and, before that, its devices business. Prior to joining Microsoft, she spent 20 years with Procter & Gamble in leadership roles in the U.S. and Europe, including as assistant treasurer.
Plaines, 55, brings more than 30 years of strategic finance expertise with corporate leaders PepsiCo, Ahold, Walmart and Starbucks as well as strong board and operational leadership experience, including deep experience in the use of data analytics to develop consumer-centric marketing and brand strategies. As chief financial officer for e-commerce at Sam’s Club, she helped grow that business as well as its omnichannel retail presence at a time of unprecedented expansion. She was also a key part of transformational growth at Ahold. Most recently, she served as global chief financial officer at Jones Lang LaSalle. She started her career in investment banking and mergers and acquisitions at UBS. In addition, Plaines has served on the board of Nielsen Holdings plc since 2021 and on the board of KKR Acquisition Holdings I Corp. since 2022.
“We’re fortunate to add two leaders of the caliber of Julia and Stephanie to our board,” said Matthew J. Shattock, independent chair of the board at The Clorox Company. “The breadth and depth of their strategic and financial leadership and track records of value creation and transformation add to the strength and diversity of our board. Their backgrounds and fresh perspectives will serve us well as we continue to position Clorox to win in the marketplace and create long-term value for our stakeholders.”
With the appointments of Denman and Plaines, the board of directors has expanded from 11 members to 13, and the directors are now 46% female and 30% people of color. These additions align with Clorox’s commitment to ongoing board refreshment to ensure a strong balance of qualifications, experience, diversity and tenure.
Both Denman and Plaines are expected to serve on the audit committee.
Additional information about The Clorox Company board of directors can be found at www.thecloroxcompany.com.
The Clorox Company
The Clorox Company (NYSE: CLX) is a leading multinational manufacturer and marketer of consumer and professional products with about 9,000 employees worldwide and fiscal year 2021 sales of $7.3 billion. Clorox markets some of the most trusted and recognized consumer brand names, including its namesake bleach and cleaning products; Pine-Sol® cleaners; Liquid-Plumr® clog removers; Poett® home care products; Fresh Step® cat litter; Glad® bags and wraps; Kingsford® grilling products; Hidden Valley® dressings and sauces; Brita® water-filtration products; Burt's Bees® natural personal care products; and RenewLife®, Rainbow Light®, Natural Vitality CALM™, and NeoCell® vitamins, minerals and supplements. The company also markets industry-leading products and technologies for professional customers, including those sold under the CloroxPro™ and Clorox Healthcare® brand names. More than 80% of the company's sales are generated from brands that hold the No. 1 or No. 2 market share positions in their categories.
Clorox is a signatory of the United Nations Global Compact and the Ellen MacArthur Foundation's New Plastics Economy Global Commitment. The company has been broadly recognized for its corporate responsibility efforts, included on the Barron's 2022 100 Most Sustainable Companies list, 2022 Bloomberg Gender-Equality Index, the Human Rights Campaign's 2022 Corporate Equality Index and the 2021 Parity.org Best Places for Women to Advance list, among others. In support of its communities, The Clorox Company and its foundations contributed about $20 million in combined cash grants, product donations and cause marketing in fiscal year 2021. For more information, visit TheCloroxCompany.com and follow the company on Twitter at @CloroxCo.
Media Relations
Naomi Greer,
[email protected]
Investor Relations
Kerry Pohlson,
[email protected]
Lisah Burhan, [email protected]