AI English summary of an SEC filing — figures as filed
Clorox CLXThe company said Kevin Jacobsen, Executive Vice President – Chief Financial Officer, notified it of his intention to retire effective April 1, 2025, after nearly 30 years of service. He will continue in an advisory role until June 2025, the company said. January 23, 2025
Key points
AI summaryThe company said Kevin Jacobsen, Executive Vice President – Chief Financial Officer, notified it of his intention to retire effective April 1, 2025, after nearly 30 years of service. He will continue in an advisory role until June 2025, the company said. January 23, 2025
The company said the Management Development and Compensation Committee appointed Luc Bellet, age 46, as Executive Vice President – Chief Financial Officer on January 23, 2025, effective April 1, 2025. Bellet has served as Vice President – Treasurer since October 2023.
The company said it approved an increase in Bellet's base salary to $725,000 and in his short-term incentive target from 50% to 100% of salary, effective April 1, 2025. On the same day, he will be granted restricted stock units with an aggregate fair value of $400,000, vesting over 4 years, and performance shares with an aggregate target fair value of $600,000, with a three-year performance period ending June 30, 2027.
The company said Bellet joined in 2006 and served as Vice President – Financial Planning & Analysis from April 2018 to October 2023, with other finance roles including internal audit. In the press release, Jacobsen said he will serve as CFO through the transition until April 1.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
CFO Kevin Jacobsen to Retire
The company said Kevin Jacobsen, Executive Vice President – Chief Financial Officer, notified it of his intention to retire effective April 1, 2025, after nearly 30 years of service. He will continue in an advisory role until June 2025, the company said. January 23, 2025
Source · Based on the filing body and exhibits
Luc Bellet Named New CFO
The company said the Management Development and Compensation Committee appointed Luc Bellet, age 46, as Executive Vice President – Chief Financial Officer on January 23, 2025, effective April 1, 2025. Bellet has served as Vice President – Treasurer since October 2023.
Source · Based on the filing body and exhibits
Bellet Pay Adjustment and Equity Awards
The company said it approved an increase in Bellet's base salary to $725,000 and in his short-term incentive target from 50% to 100% of salary, effective April 1, 2025. On the same day, he will be granted restricted stock units with an aggregate fair value of $400,000, vesting over 4 years, and performance shares with an aggregate target fair value of $600,000, with a three-year performance period ending June 30, 2027.
Source · Based on the filing body and exhibits
Bellet Career and Transition Timeline
The company said Bellet joined in 2006 and served as Vice President – Financial Planning & Analysis from April 2018 to October 2023, with other finance roles including internal audit. In the press release, Jacobsen said he will serve as CFO through the transition until April 1.
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.
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