01—Abstract
Summary
Summary of the 8-K filed October 10, 2023. Cited figures are marked; the original filing is the authoritative source.
Procter & Gamble (PG) filed an 8-K on October 10, 2023, primarily to disclose preliminary voting results from its Annual Meeting of Shareholders and announce a quarterly dividend.
Key takeaways for investors include the election of a new director, Brett Biggs, former CFO of Walmart, to the Board, alongside the re-election of thirteen incumbent directors. This appointment brings significant financial and operational leadership experience to the board. Furthermore, the company announced its Board of Directors has declared a quarterly dividend of $0.9407a per share.
This consistent dividend payment underscores PG's commitment to returning value to shareholders and provides a predictable income stream. The record date for the dividend is October 20, 2023, with payment on or after November 15, 2023.
02—Key points
Key Highlights
- Brett Biggs, former EVP and CFO of Walmart, elected to the Board of Directors.
- Thirteen incumbent Director nominees were also elected to the Board.
- A quarterly dividend of $0.9407 per share has been declared.
- The dividend is payable on or after November 15, 2023.
- The record date for the dividend is October 20, 2023.
- This filing serves as a Regulation FD disclosure of these events.
03—Questions
Frequently Asked Questions
Who is Brett Biggs and why is his election to the Board significant?
Brett Biggs is the former Executive Vice President and Chief Financial Officer of Walmart, Inc. His election to Procter & Gamble's Board of Directors is significant as it brings extensive financial leadership and operational experience from a major global retailer, which can offer valuable strategic guidance to the company.
What is the amount and timing of the next Procter & Gamble dividend?
The Board of Directors has declared a quarterly dividend of $0.9407 per share. This dividend is expected to be paid on or after November 15, 2023, to shareholders of record as of October 20, 2023.
What was the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing was to disclose preliminary voting results from the company's Annual Meeting of Shareholders regarding director elections and to announce the declaration of the quarterly dividend, in compliance with Regulation FD.
04—Continue