secwatch.observer — SEC 8-K summary
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Issuer:     COLGATE PALMOLIVE CO (CL)
CIK:        0000021665
Form:       8-K
Filed at:   2022-04-11T23:59:59+00:00
Accession:  0000021665-22-000006
Event type: other_material
Sentiment:  positive
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21665/000002166522000006/0000021665-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21665/000002166522000006/cl-20220408.htm
  HTML page:      https://secwatch.observer/filing/0000021665-22-000006

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