secwatch.observer — SEC 8-K summary
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Issuer:     COLGATE PALMOLIVE CO (CL)
CIK:        0000021665
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0000021665-23-000034
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Colgate-Palmolive Board renews Executive Severance Plan with 3-year term and non-compete requirement
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- Plan renewed on September 13, 2023 for three years, subject to automatic one-year extensions unless Board decides otherwise.
- Eligible executives must now agree to a one-year post-employment non-compete clause to participate.
- Plan terms otherwise substantially unchanged from those described in the 2023 proxy statement.
- No executive departures, appointments, or changes in leadership were announced.
- Plan covers executives who can materially contribute to the company; benefits up to 24 months of severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21665/000002166523000034/0000021665-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21665/000002166523000034/cl-20230915.htm
  HTML page:      https://secwatch.observer/filing/0000021665-23-000034

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