01—Abstract
Summary
Summary of the 8-K/A filed May 6, 2025. Cited figures are marked; the original filing is the authoritative source.
This Amendment No. 1 to Form 8-K from Kimberly-Clark Corporation amends the Form 8-K dated January 28, 2025, in which the Corporation reported that Andrew Scribner had been elected Vice President and Controller, effective June 1, 2025.
The filing is limited to Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) and discloses compensation arrangements for Mr. Scribner rather than any change in financial results or corporate strategy. On April 30, 2025, the Management Development and Compensation Committee of the Board of Directors approved 2025 long-term incentive awards for the Corporation's elected officers. Mr. Scribner received a grant of 2,118 performance-based restricted share units and 2,118 time-vested restricted share units.
His base salary will be $535,000a per year, and he is eligible for an annual bonus under the annual incentive plan based on company performance, with a target bonus set at 55% of base salary. He will also participate in the Corporation's supplemental 401(k) plan and other benefit plans available to employees. For investors, the filing is primarily a governance and compensation disclosure about an officer who will serve as Controller, and it does not contain financial figures for the Corporation as a whole.
02—Key points
Key Highlights
- Amendment No. 1 to the January 28, 2025 Form 8-K, which reported Andrew Scribner's election as Vice President and Controller effective June 1, 2025.
- On April 30, 2025, the Management Development and Compensation Committee approved 2025 long-term incentive awards for elected officers.
- Mr. Scribner received 2,118 performance-based restricted share units and 2,118 time-vested restricted share units.
- Base salary set at $535,000 per year.
- Target annual bonus set at 55% of base salary, based on company performance under the annual incentive plan.
- Mr. Scribner will participate in the supplemental 401(k) plan and other benefit plans available to employees.
03—Questions
Frequently Asked Questions
Who is Andrew Scribner and what role is he taking at Kimberly-Clark?
Andrew Scribner was elected by Kimberly-Clark Corporation to serve as Vice President and Controller, effective June 1, 2025, as previously reported in the Form 8-K dated January 28, 2025.
What equity compensation did Mr. Scribner receive in 2025?
On April 30, 2025, he received a long-term incentive award of 2,118 performance-based restricted share units and 2,118 time-vested restricted share units.
What is Mr. Scribner's base salary and bonus opportunity?
His base salary will be $535,000 per year. He is eligible for an annual bonus under the annual incentive plan based on company performance, with a target bonus of 55% of his base salary.
Does this filing report changes in Kimberly-Clark's financial results?
No. The filing is limited to Item 5.02 and discloses only compensation arrangements for Mr. Scribner, with no financial results for the Corporation as a whole.
04—Continue