Kenvue entered into an Agreement and Plan of Merger on November 2, 2025 with Kimberly-Clark Corporation and its subsidiaries Vesta Sub I, Inc. and Vesta Sub II, LLC, and the boards of directors of both companies unanimously approved it.

1. 01

   Kenvue entered into an Agreement and Plan of Merger on November 2, 2025 with Kimberly-Clark Corporation and its subsidiaries Vesta Sub I, Inc. and Vesta Sub II, LLC, and the boards of directors of both companies unanimously approved it.

2. 02

   The company said completion of the merger requires approval by stockholders of both companies and expiration of the Hart-Scott-Rodino waiting period, among other conditions. The agreement provides for a termination fee of $1,136,000,000 under certain specified circumstances.

3. 03

   Kenvue appointed Kirk L. Perry as Chief Executive Officer on a permanent basis on November 2, 2025, with an annualized base salary of $1,350,000. Beginning in 2026, he is eligible for an annual bonus with a target value equal to 175% of his base salary.

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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.

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