---
schema_version: "secwatch.filing_event.v1"
accession: "0000105132-23-000029"
form_type: "8-K"
ticker: "WDFC"
cik: "0000105132"
company_name: "WD 40 CO"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T17:34:15.014976+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# WD-40 adopts clawback policy effective Oct 2, 2023; amends bylaws for universal proxy rules

## Summary
- Adopted clawback policy effective Oct 2, 2023; requires recovery of erroneously awarded incentive compensation from executives upon a financial restatement, regardless of misconduct.
- Amended bylaws effective June 19, 2023 to comply with SEC universal proxy rules and recent Delaware General Corporation Law changes.
- Bylaw amendments enhance procedural requirements for stockholder nominations and proposals, including additional disclosures and universal proxy card use.
- Company reserves exclusive use of white proxy card; can exclude nominations if stockholder fails to satisfy universal proxy requirements.

## SEC filing metadata
- accession: 0000105132-23-000029
- form_type: 8-K
- ticker: WDFC
- cik: 0000105132
- company_name: WD 40 CO
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105132/000010513223000029/0000105132-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105132/000010513223000029/wdfc-20230619.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000105132-23-000029
- JSON: https://secwatch.observer/filing/0000105132-23-000029.json
- Plain text: https://secwatch.observer/filing/0000105132-23-000029.txt

## Key facts
- Governance Changes
  WD 40 CO: Amended and restated bylaws to reflect recent DGCL amendments, update stockholder meeting procedures, enhance proxy and nomination disclosure requirements, and align with Universal Proxy Rules (effective 2023-06-19).
  - Change: bylaw amendment
  - Effective: 2023-06-19
  source text: On June 19, 2023, in connection with the adoption of Rule 14a-19 (“Universal Proxy Rules”) under the Exchange Act by the Securities and Exchange Commission, certain recent changes to Delaware General Corporation Law (“DGCL”), and a periodic review of the Company’s bylaws, the Board approved the Company’s Amended and Restated Bylaws (“A&R Bylaws”), effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/105132/000010513223000029/0000105132-23-000029-index.htm

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