Summary
This 8-K filing by Church & Dwight Co., Inc. (CHD) reports the immediate resignation of Jeffrey A. Levick from the company's Board of Directors, effective March 28, 2011. The filing explicitly states that Mr. Levick's departure was not due to any disagreements regarding the company's operations, policies, or practices. Mr. Levick's resignation reduces the size of the Board class expiring in 2013 to two directors. The company has indicated that it will initiate a search process to find a suitable replacement for Mr. Levick on the Board. Investors should monitor future filings for updates on the board composition and the selection of a new director.
Key Highlights
- 1Jeffrey A. Levick resigned from the Church & Dwight Board of Directors, effective March 28, 2011.
- 2The resignation was immediate.
- 3No disagreements between Mr. Levick and the Company regarding operations, policies, or practices were cited.
- 4The resignation reduces the number of directors in the class expiring in 2013.
- 5The Board will begin searching for a replacement director.
Frequently Asked Questions
Jeffrey A. Levick resigned from the Board of Directors of Church & Dwight Co., Inc. effective March 28, 2011. The filing states there were no disagreements between Mr. Levick and the company on any matter relating to its operations, policies, or practices.
The filing explicitly states that there were no disagreements related to the company's operations, policies, or practices, suggesting that the resignation is not indicative of underlying operational issues. However, the departure of a board member can sometimes signal changes in governance or strategic direction, which investors may want to monitor.
Yes, the filing indicates that the Board of Directors will commence a process to identify a suitable candidate to replace Mr. Levick.
Church & Dwight's Board is divided into three classes, with each class serving a three-year term. Mr. Levick was part of the class whose term would expire in 2013. His resignation reduces the number of directors in that specific class, and the company will seek to fill that vacancy.