secwatch.observer — SEC 8-K summary
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Issuer:     COLGATE PALMOLIVE CO (CL)
CIK:        0000021665
Form:       8-K
Filed at:   2021-12-09T23:59:59+00:00
Accession:  0000021665-21-000029
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21665/000002166521000029/0000021665-21-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21665/000002166521000029/cl-20211209.htm
  HTML page:      https://secwatch.observer/filing/0000021665-21-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer