Nicholas D. Giordano was appointed as Vice President, Corporate Controller and Chief Accounting Officer at WD 40 CO.
“Mr. Giordano will continue to serve in his current role as Vice President, Corporate Controller, a position he has held since April 2024, until he assumes the role of Vice President, Corporate Controller and Chief Accounting Officer on June 29, 2026.”
Patricia Q. Olsem changed role as Chief Strategy and Innovation Officer at WD 40 CO.
“Patricia Q. Olsem, the Company’s Division President, Americas, will transition to the newly created executive role of Chief Strategy and Innovation Officer, effective on the same date that Ms. Hyzer assumes the role of Division President, Americas.”
Sara K. Hyzer changed role as Division President, Americas at WD 40 CO.
“Sara K. Hyzer, the Company’s Chief Financial Officer (“CFO”) and principal accounting officer (“PAO”), has informed the Company of her intention to transition from those roles and is expected to assume the role of Division President, Americas following the appointment of a new CFO.”
Earnings Releases
WD 40 CO reported second fiscal quarter ended February 28, 2026 results: revenue $161.7 million, net income $20.3 million, EPS $1.50. Guidance reaffirmed.
“and homes around the world, today reported financial results for its second fiscal quarter ended February 28, 2026. Second Quarter Highlights and Summary: • Total net sales were $161.7 million, an increase of 11 percent compared to the prior year fiscal quarter. • Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S.”
Gregory A. Sandfort departed as Non-Executive Chair of the Board at WD 40 CO.
“On June 17, 2024, Gregory A. Sandfort, the non-executive Chair of the Board of Directors (the “Board”) of WD-40 Company (the “Company”), notified the Board of his decision to retire from the Company’s Board, effective as of the 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”), which is currently scheduled for December 12, 2024.”
Material Agreements
WD 40 CO entered into Fourth Amendment to Note Purchase and Private Shelf Agreement with PGIM, Inc. valued at Amendment to permit entry into 2nd A&R Credit Agreement with Bank of America and include conforming (effective 2024-04-30).
“On April 30, 2024, the Company entered into a fourth amendment (the “4 th Amendment”) to the Note Purchase and Private Shelf Agreement dated November 15, 2017 (as amended on February 23, 2018, March 16, 2020, and September 30, 2020, collectively, the “Note Agreement”) by and among the Company and PGIM, Inc. (“Prudential”), and certain affiliates and managed accounts of Prudential (collectively with Prudential, the “Note Purchasers”).”
Material Agreements
WD 40 CO entered into Second Amended and Restated Credit Agreement with Bank of America, N.A. valued at Revolving Commitment decreased from $150 million to $125 million; sublimit decreased from $100 milli (effective 2024-04-30).
“On April 30, 2024, WD-40 Company (the “Company”), and certain subsidiaries of the Company, entered into a Second Amended and Restated Credit Agreement (the “2 nd A&R Credit Agreement”) with Bank of America, N.A. (“Bank of America”).”
Earnings Releases
WD 40 CO reported second fiscal quarter ended February 29, 2024 results: revenue $139.1 million, net income $15.5 million, EPS $1.14. Guidance raised.
“today reported financial results for its second fiscal quarter ended February 29, 2024. Second Quarter Highlights and Summary: • Total net sales for the second quarter were $139.1 million, an increase of 7 percent compared to the prior year fiscal quarter. Year-to-date total net sales were $279.5 million, an increase of 10 percent compared to the prior year fiscal”
Material Agreements
WD 40 CO entered into Quota Purchase Agreement with M12 Participações Empresariais S.A. valued at approximately $6.9 million USD (effective 2024-03-04).
“On March 4, 2024 (“Closing Date”), WD-40 Holding Company Brasil Ltda. (“Buyer”), a wholly-owned subsidiary of WD-40 Company (“Company”), acquired all of the issued and outstanding capital stock of Brazilian distributor, Theron Marketing Ltda. (“Theron”), from M12 Participações Empresariais S.A. (“Seller”) in a cash-for-stock transaction. The approximate purchase price of $6.9 million USD is subject to a 90-day post closing adjustment.”
Material Agreements
WD 40 CO entered into Transition Services Agreement with VDBN Representações Comerciais Ltda. valued at minimum fees total approximately $2.1 million USD.
“In connection with this acquisition, Theron signed a three-year Transition Services Agreement (“TSA”) with VDBN Representações Comerciais Ltda., a related party of Seller, for logistics and related services, for which the minimum fees total approximately $2.1 million USD.”
Material Agreements
WD 40 CO entered into Quota Purchase Agreement with M12 Participações Empresarias S.A. valued at approximate purchase price of $6.9 million USD (effective 2024-03-04).
“On March 4, 2024 (“Closing Date”), WD-40 Holding Company Brasil Ltda. (“Buyer”), a wholly-owned subsidiary of WD-40 Company (“Company”), acquired all of the issued and outstanding capital stock of Brazilian distributor, Theron Marketing Ltda. (“Theron”), from M12 Participações Empresarias S.A. (“Seller”) in a cash-for-stock transaction. The approximate purchase price of $6.9 million USD is subject to a 90-day post closing adjustment.”
Earnings Releases
WD 40 CO reported the quarter ended November 30, 2023 results: revenue $140.4 million, net income $17.5 million, EPS $1.28. Guidance reaffirmed.
“WD-40 Company Reports First Quarter 2024 Financial Results ~ Global net sales grew 12 percent in the first quarter compared to the prior year fiscal quarter ~ ~ Management reiterates fiscal year 2024 guidance ~ SAN DIEGO — January 9, 2024 — WD-40 Company (NASDAQ:WDFC), a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world, today reported financial results for its first fiscal quarter ended November 30, 2023. First Quarter Highlights and Summary: • Total net sales for the first quarter were $140.4 million, an increase of 12 percent compared to the prior year fiscal quarter. • Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had a favorable impact on net sales for the current quarter. On a non-GAAP constant currency basis, total net sales in the first quarter would have increased 9 percent to $136.5”
Shareholder Votes
WD 40 CO shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation at the 2023-12-12 meeting.
“3. Advisory Vote on the Frequency of Future Advisory Votes Executive Compensation : The Company’s stockholders voted to recommend, by advisory vote, that future advisory votes on the compensation paid to the Company’s named executive officers (“NEO”) be held every year. The voting results were as follows: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 10,775,725 18,994 196,750 25,654 1,626,856”
Shareholder Votes
WD 40 CO shareholders approved Advisory Vote to Approve Executive Compensation at the 2023-12-12 meeting.
“2. Advisory Vote to Approve Executive Compensation : The Company’s stockholders approved, by advisory vote, the compensation paid to the Company’s named executive officers. The voting results were as follows: Votes For Votes Against Abstain Broker Non-Votes 10,653,724 333,895 29,503 1,626,856”
Shareholder Votes
WD 40 CO shareholders approved Election of Directors at the 2023-12-12 meeting.
“1. Election of Directors : 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. The voting results were as follows: Name Votes For Votes Against Abstain Broker Non-Votes Steven A. Brass 10,876,260 123,714 17,148 1,626,856 Cynthia B. Burks 10,860,604 147,261 9,257 1,626,856 Daniel T. Carter 10,860,144 147,547 9,431 1,626,856 Eric P. Etchart 10,845,004 163,187 8,931 1,626,856 Lara L. Lee 10,850,040 158,761 8,321 1,626,856 Edward O. Magee, Jr. 10,843,646 160,389 13,087 1,626,856 Trevor I. Mihalik 10,847,894 160,080 9,148 1,626,856 Graciela I. Monteagudo 10,803,773 195,849 17,500 1,626,856 David B. Pendarvis 10,852,872 141,575 22,675 1,626,856 Gregory A. Sandfort 10,672,807 334,797 9,518 1,626,856 Anne G. Saunders 10,810,082 188,375 18,665 1,626,856”
Earnings Releases
WD 40 CO reported fiscal year ended August 31, 2023 results: revenue $537.3 million, net income $66.0 million, EPS $4.83. Guidance initiated.
“For the full fiscal year, total net sales were $537.3 million”
Earnings Releases
WD 40 CO reported fourth quarter ended August 31, 2023 results: revenue $140.5 million, net income $16.6 million, EPS $1.21.
“Total net sales for the fourth quarter were $140.5 million”
Earnings Releases
WD 40 CO reported the third fiscal quarter ended May 31, 2023 results: revenue $141.7 million, net income $18.9 million, EPS $1.38.
“Total net sales for the third quarter were $141.7 million, an increase of 15 percent compared to the prior year fiscal quarter. Year-to-date total net sales were $396.8 million, an increase of 2 percent compared to the prior year fiscal period. • Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had an unfavorable impact on sales for the current quarter and year-to-date. On a non-GAAP constant currency basis, total net sales would have been $145.6 million for the third quarter and $415.7 million year to date. • Net income for the third quarter was $18.9 million, an increase of 30 percent from the prior year fiscal quarter. Year-to-date net income was $49.4 million, a decrease of 6 percent from the prior year fiscal period. • Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had an unfavorable impact on net income for the current quarter and year to date. On a non-GAAP con”
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).
“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.”
Melissa Claassen resigned as Director at WD 40 CO.
“On April 26, 2023, Melissa Claassen notified WD-40 Company (the “Company”) of her decision to resign from the Company’s Board of Directors (the “Board”), effective June 12, 2023.”
Earnings Releases
WD 40 CO reported second fiscal quarter ended February 28, 2023 results: revenue $130.2 million, net income $16.5 million, EPS $1.21.
“results for its second fiscal quarter ended February 28 , 20 2 3 . Financial Highlights and Summary · Total net sales for the second quarter were relatively constant at $ 130.2 million compared to $130.0 million in the prior year fiscal quarter. Year-to-date total net sales were $ 255.1 million, a decrease of 4 percent compared to the prior year fiscal period”
Sara K. Hyzer was appointed as Principal Accounting Officer at WD 40 CO.
“Sara K. Hyzer was appointed to serve in this capacity, effective May 1, 2023.”
Rae Ann Partlo changed role as Principal Accounting Officer at WD 40 CO.
“On March 13, 2023, Rae Ann Partlo informed WD-40 Company ("Company") that she would step down as the Company's principal accounting officer, effective May 1, 2023.”
Earnings Releases
WD 40 CO reported first fiscal quarter ended November 30, 2022 results: revenue $124.9 million, net income $14.0 million, EPS $1.02. Guidance reaffirmed.
“Total net sales for the first quarter were $124.9 million”
Shareholder Votes
WD 40 CO shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2022-12-13 meeting.
“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.”
Shareholder Votes
WD 40 CO shareholders approved Advisory Vote to Approve Executive Compensation at the 2022-12-13 meeting.
“The Company’s stockholders approved, by advisory vote, the compensation paid to the Company’s named executive officers.”
Shareholder Votes
WD 40 CO shareholders approved Election of Directors at the 2022-12-13 meeting.
“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.”
Gregory A. Sandfort was elected as Chair of the Board at WD 40 CO.
“On December 13, 2022, the Board of Directors (“Board”) of WD-40 Company (“Company”) elected Gregory A. Sandfort as Chair of the Board.”
Jay W. Rembolt retired as Vice President, Finance, Treasurer, and Chief Financial Officer at WD 40 CO.
“disclosed the retirement date of Jay W. Rembolt from his positions as Vice President, Finance, Treasurer, and Chief Financial Officer”
Sara K. Hyzer was appointed as Vice President, Finance, Treasurer, and Chief Financial Officer at WD 40 CO.
“the appointment of Sara K. Hyzer as the Company’s Vice President, Finance, Treasurer, and Chief Financial Officer, effective November 1, 2022”
William B. Noble changed role as Group Managing Director at WD 40 CO.
“On October 10, 2022, the Compensation Committee of WD-40 Company’s Board of Directors approved certain changes to the compensation arrangements of William B. Noble, a named executive officer, in connection with his promotion to Group Managing Director and additional responsibilities that he will undertake, the effective date of which is November 1, 2022.”
Edward O. Magee, Jr. was appointed as director at WD 40 CO.
“On June 22, 2022, WD-40 Company (“Company”) announced that its Board of Directors (“Board”) appointed Mr. Edward O. Magee, Jr. as a director of the Company, effective June 20, 2022.”
Steven A. Brass was appointed as Director at WD 40 CO.
“his appointment to the Company’s Board of Directors (“Board”), effective March 15, 2022”
Steven A. Brass was appointed as Chief Executive Officer at WD 40 CO.
“The Company also announced the appointment of Steven A. Brass, currently the President and Chief Operating Officer (“COO”) of the Company, as CEO of the Company, effective as of September 1, 2022”
Garry O. Ridge retired as Chief Executive Officer at WD 40 CO.
“On March 16, 2022, WD-40 Company (the “Company”) announced the retirement of Garry O. Ridge as Chief Executive Officer (“CEO”) of the Company, effective as of August 31, 2022”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.