WD-40 raises quarterly dividend to $0.83 (+6%); elects new Chairman and director

WD 40 CO

Quarterly dividend increased to $0.83 per share (6% increase); payable Jan 31, 2023 to holders of record Jan 13.
Gregory A. Sandfort elected non-executive Chairman, replacing Garry O. Ridge who retired after 35 years.
Cynthia B. Burks elected to board; appointed to Audit and Compensation Committees.
Annual meeting results: all 12 directors elected; say-on-pay passed with 10.66M votes for; auditor ratified with 10.69M for.
Q1 FY2023 earnings call scheduled for January 9, 2023 at 2:00 p.m. PST.

item 5.02 item 5.07 item 8.01 item 9.01

Executive movements

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Appointed

Gregory A. Sandfort

Chair of the Board

WDFC · WD 40 CO

Effective: 2022-12-13
Filed: December 15, 2022, 6:59 PM ET

On December 13, 2022, the Board of Directors (“Board”) of WD-40 Company (“Company”) elected Gregory A. Sandfort as Chair of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory A. Sandfort was elected as Chair of the Board at WD 40 CO.

Action: elected
Role: Chair of the Board

Exact text from the filing

On December 13, 2022, the Board of Directors (“Board”) of WD-40 Company (“Company”) elected Gregory A. Sandfort as Chair of the Board.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

WD 40 CO shareholders approved Advisory Vote to Approve Executive Compensation at the 2022-12-13 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2022-12-13

Exact text from the filing

The Company’s stockholders approved, by advisory vote, the compensation paid to the Company’s named executive officers.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

WD 40 CO shareholders approved Election of Directors at the 2022-12-13 meeting.

Proposal: director election
Outcome: passed
Meeting: 2022-12-13

Exact text from the filing

The Company’s stockholders elected the following directors to each serve until the next Annual Meeting or until a successor is duly elected and qualified.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

WD 40 CO shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2022-12-13 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2022-12-13

Exact text from the filing

The Company’s stockholders ratified the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2023.

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WD 40 CO filing history →

Source: SEC EDGAR

accession 0000105132-22-000047

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