8-K/ALeadership Changes

CHURCH & DWIGHT CO INC /DE/ 8-K/A Report, Executive Changes (Oct 29, 2015)

Filed October 29, 2015For Securities:CHD

Summary

This Form 8-K/A filing by Church & Dwight Co., Inc. (CHD) serves as an amendment to a previous report, specifically detailing the compensation arrangements for Richard A. Dierker upon his appointment as Chief Financial Officer (CFO), effective January 4, 2016. This appointment is part of a planned leadership transition, with the current CFO, Matthew T. Farrell, set to become CEO on the same date. Investors should note the financial implications of this leadership change. Mr. Dierker's compensation package reflects his increased responsibilities, with a base salary of $550,000, a target annual incentive of 60% of his base salary, and long-term incentive compensation valued at 133% of his base salary. This information provides transparency into the company's executive compensation strategy during a significant leadership transition, which can be a key factor for investors evaluating the company's financial stewardship and future performance.

Key Highlights

  • 1Amendment to August 4, 2015 Form 8-K regarding executive appointments.
  • 2Richard A. Dierker appointed Chief Financial Officer (CFO) effective January 4, 2016.
  • 3Matthew T. Farrell, current CFO, will assume the role of Chief Executive Officer (CEO) effective January 4, 2016.
  • 4Mr. Dierker's annual base salary as CFO will be $550,000.
  • 5Target annual incentive for Mr. Dierker set at 60% of his annual base salary.
  • 6Long-term incentive compensation for Mr. Dierker to have a fair value of 133% of his annual base salary.
  • 7Compensation details ratified by the Compensation & Organization Committee and independent Board members.

Frequently Asked Questions

This filing amends a previous 8-K to provide details on the compensation package for Richard A. Dierker, who is set to become the new Chief Financial Officer (CFO) of Church & Dwight Co., Inc. starting January 4, 2016.

Mr. Dierker's compensation includes an annual base salary of $550,000, a target annual incentive of 60% of his base salary, and long-term incentive compensation valued at 133% of his base salary, to be granted on January 4, 2016.

This CFO appointment is part of a broader leadership transition. The current CFO, Matthew T. Farrell, will transition to the role of CEO on the same date, January 4, 2016, indicating a planned succession for key executive positions.

Mr. Dierker's compensation was approved by the Compensation & Organization Committee of the Board of Directors and subsequently ratified by the independent members of the Board.