secwatch.observer — SEC 8-K summary
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Issuer:     CLOROX CO /DE/ (CLX)
CIK:        0000021076
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001206774-24-000281
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clorox sells Argentina, Uruguay, Paraguay operations to Apex Capital; expects $233M charge
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- Sale to Apex Capital (Grupo Mariposa) and former Clorox exec Diego Barral; financial terms not disclosed.
- Clorox Argentina represents ~2% of FY2024 net sales outlook.
- One-time after-tax charge ~$233M in Q3 FY2024, mostly non-cash currency translation release.
- Expected to reduce FY2024 net sales growth by ~0.5 points and adjusted EPS by $0.00-$0.02.
- R&D and corporate hubs remain; production employees transfer to new entity 'Grupo Ayudin'.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21076/000120677424000281/0001206774-24-000281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21076/000120677424000281/clx431282-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-24-000281

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer