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ECOLAB INC. 8-K Report, Executive Changes (Dec 9, 2005)

Reports
Leadership Changes·Other Events·Exhibits & Filings
Filing Date
Filed December 9, 2005
Period End
December 8, 2005
Security
ECL
In the record · 2016–202610-K1110-Q328-K144

ECL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 144 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Sep ’16Sep ’16
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Deal closed8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed December 9, 2005. Cited figures are marked; the original filing is the authoritative source.

Ecolab Inc. (ECL) has filed an 8-K report on December 8, 2005, announcing significant leadership transitions and a positive development for shareholders.

Chairman of the Board, Allan L. Schuman, is slated to retire from the Board at the upcoming annual meeting on May 12, 2006, and will be honored with the title of Chairman Emeritus. Concurrently, the Board plans to elect Douglas M.

Baker, currently President and CEO, to the additional role of Chairman of the Board. In addition to the leadership changes, Ecolab also declared an increased quarterly cash dividend of $0.10a per share, representing an annualized rate of $0.40 per share for 2006. This marks an increase from the $0.35 per share paid in 2005, signaling confidence in the company's financial health and a commitment to returning value to its shareholders.

02—Key points

Key Highlights

  1. Allan L. Schuman, Chairman of the Board, to retire from the Board at the May 12, 2006 annual meeting.
  2. Mr. Schuman to be honored with the title of Chairman Emeritus upon retirement.
  3. Douglas M. Baker, President and CEO, is planned to be elected as Chairman of the Board at the same meeting.
  4. Declaration of an increased quarterly cash dividend of $0.10 per share.
  5. New indicated annual cash dividend rate of $0.40 per share for 2006, up from $0.35 per share in 2005.
  6. The dividend is payable on January 17, 2006, to shareholders of record on December 20, 2005.
  7. These announcements were made via news releases attached as exhibits.

03—Questions

Frequently Asked Questions

  1. What are the key leadership changes announced by Ecolab?

    The company announced that its current Chairman of the Board, Allan L. Schuman, will retire from the Board at the May 12, 2006 annual meeting and will be given the honorary title of Chairman Emeritus. Concurrently, the Board plans to elect Douglas M. Baker, who is currently President and CEO, to the additional position of Chairman of the Board at that same meeting.

  2. What is the significance of the dividend increase for investors?

    Ecolab declared an increased quarterly cash dividend of $0.10 per share, leading to an annualized rate of $0.40 per share for 2006. This is a notable increase from the $0.35 per share paid in 2005, suggesting the company is generating sufficient cash flow and is committed to providing returns to its shareholders.

  3. When will the dividend increase take effect?

    The increased quarterly cash dividend of $0.10 per share is payable on January 17, 2006, to shareholders who are on record as of December 20, 2005.

  4. What is the purpose of this 8-K filing?

    This 8-K filing serves to formally report two material events: the planned retirement of the Chairman of the Board and succession of leadership, and the declaration of an increased quarterly cash dividend. These announcements were made public via news releases, which are attached as exhibits to this filing.

04—Continue

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