Colgate-Palmolive lowers special meeting threshold to 15% from 25% after shareholder proposal

COLGATE PALMOLIVE CO

Shareholder proposal to lower threshold to 10% received 50.56% support at 2021 annual meeting.
Company engaged with 18 largest institutional investors representing over 42% of outstanding common stock.
Board approved 15% ownership threshold for calling special meetings, effective December 9, 2021.
Amendments also include clarifications to meeting procedures and technical/administrative changes.
Change is a compromise from prior 25% threshold, reflecting widespread stockholder input.

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