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Church & Dwight logoChurch & Dwight CHD

Church & Dwight said in its 8-K/A that the retirement of Matthew T. Farrell as President and CEO and the appointment of Richard Dierker as his successor will now take effect on April 2, 2025.

8-K/ADeparture or Appointment of Directors or Certain Officers (amended)Amended filingFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Church & Dwight said in its 8-K/A that the retirement of Matthew T. Farrell as President and CEO and the appointment of Richard Dierker as his successor will now take effect on April 2, 2025.

  2. The company said Dierker's annual base salary will increase to $1,075,000 and his target annual incentive level under the Annual Incentive Plan will increase to 125% of base salary, effective April 2, 2025, in connection with his appointment as President and CEO.

  3. The company said Dierker's long-term incentive compensation for 2025 will have a fair value of $7,084,250, representing 659% of his annual base salary, with a grant date of March 3, 2025.

  4. The company said Farrell, who will remain as Chairman after stepping down as CEO, will receive annual compensation starting April 2, 2025 consisting of a standard retainer of $120,000 and a non-executive chairman retainer of $150,000, and a long-term incentive fair value of $160,000 for 2025.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

CEO transition effective date April 2, 2025

Church & Dwight said in its 8-K/A that the retirement of Matthew T. Farrell as President and CEO and the appointment of Richard Dierker as his successor will now take effect on April 2, 2025.

Source · Based on the filing body and exhibits

Dierker base salary and target incentive as new CEO

The company said Dierker's annual base salary will increase to $1,075,000 and his target annual incentive level under the Annual Incentive Plan will increase to 125% of base salary, effective April 2, 2025, in connection with his appointment as President and CEO.

Source · Based on the filing body and exhibits

Dierker 2025 long-term incentive compensation

The company said Dierker's long-term incentive compensation for 2025 will have a fair value of $7,084,250, representing 659% of his annual base salary, with a grant date of March 3, 2025.

Source · Based on the filing body and exhibits

Farrell non-executive chairman compensation structure

The company said Farrell, who will remain as Chairman after stepping down as CEO, will receive annual compensation starting April 2, 2025 consisting of a standard retainer of $120,000 and a non-executive chairman retainer of $150,000, and a long-term incentive fair value of $160,000 for 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.