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4-Traders Homepage  >  Equities  >  Nyse  >  Colgate-Palmolive Company    CL

Delayed Quote. Delayed  - 10/20 10:00:35 pm
72.32 USD   -0.58%
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COLGATE PALMOLIVE CO : Change in Directors or Principal Officers, Temporary Suspension of Trading Under Registrant's Employee Benefit Plans (form 8-K)

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09/28/2017 | 11:28pm CEST

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.



Change in Principal Accounting Officer.

At its meeting on September 26, 2017, the Board of Directors of Colgate-Palmolive Company (the "Company") elected Henning I. Jakobsen, currently Vice President and General Manager for the Company's Nordic Hub, as Vice President and Corporate Controller of the Company, effective October 1, 2017. Victoria Dolan, who has served as the Company's Corporate Controller since February 2011, will continue as the Chief Transformation Officer of the Company.

Mr. Jakobsen, 57, joined the Company in 1989 and held key financial and operating roles at the subsidiary and division levels, including Vice President, Finance for the Company's U.S. operations, before leaving the Company in 2006 to become Chief Financial Officer of Chr. Hansen, a Denmark-based multinational bioscience organization. Mr. Jakobsen rejoined the Company in 2011 to lead the Finance and Strategic Planning function of its European Division.

Item 5.04. Temporary Suspension of Trading Under Registrant's Employee Benefit

           Plans.



Change in Recordkeeper for Savings and Investment Plans.

On September 27, 2017, the Company received notice from the administrator of the Colgate-Palmolive Company Employees Savings and Investment Plan (the "S&I Plan") stating that the S&I Plan is changing its recordkeeper from one outside vendor to another and, as a result, there will be a limited time period during which participants in the S&I Plan will be unable to direct or diversify investments in their S&I Plan accounts, or obtain a loan, withdrawal or distribution from the S&I Plan (the "S&I Plan Blackout Period"). The S&I Plan Blackout Period will begin at 3 p.m. Eastern Time on October 30, 2017, and is expected to end at 8 a.m. Eastern Time on November 6, 2017. The S&I Plan Blackout Period applies to all investments in the S&I Plan, including investments in Company common stock. Similar blackout restrictions will apply to participants in the Colgate-Palmolive Puerto Rico Savings and Investment Plan.

On September 28, 2017, the Company notified its directors and executive officers of the S&I Plan Blackout Period and the additional restrictions on trading in Company common stock that apply to them during the S&I Plan Blackout Period pursuant to Section 306(a) of the Sarbanes-Oxley Act of 2002 and Rule 104 of Regulation BTR under the Securities Exchange Act of 1934, as amended.

During the S&I Plan Blackout Period and for a period of two years thereafter, participants in the S&I Plan, security holders and other interested persons may obtain, without charge, information regarding the S&I Plan Blackout Period, including confirmation of the actual beginning and ending dates of the S&I Plan Blackout Period, by contacting Kristine Hutchinson, Assistant General Counsel - Corporate, at Colgate-Palmolive Company, 300 Park Avenue, New York, NY, 10022 or (212) 310-2000.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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