---
schema_version: "secwatch.filing_event.v1"
accession: "0000021665-22-000006"
form_type: "8-K"
ticker: "CL"
cik: "0000021665"
company_name: "COLGATE PALMOLIVE CO"
filed_at: "2022-04-11T23:59:59+00:00"
generated_at: "2026-06-26T08:19:58.115867+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Colgate-Palmolive board adopts policy limiting executive cash severance to 2.99x compensation

## Summary
- Board approved policy capping new cash severance at 2.99x base salary plus target bonus, effective April 8, 2022.
- Any severance agreement exceeding that cap requires stockholder ratification.
- Policy covers termination payments, consulting fees, non-compete payments, excess plan payments, and tax offsets.
- Excluded from cap: equity awards, retirement benefits, perquisites, insurance, and deferred compensation.
- Policy follows engagement with stockholders on executive compensation practices.

## SEC filing metadata
- accession: 0000021665-22-000006
- form_type: 8-K
- ticker: CL
- cik: 0000021665
- company_name: COLGATE PALMOLIVE CO
- filed_at: 2022-04-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/21665/000002166522000006/0000021665-22-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/21665/000002166522000006/cl-20220408.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000021665-22-000006
- JSON: https://secwatch.observer/filing/0000021665-22-000006.json
- Plain text: https://secwatch.observer/filing/0000021665-22-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.