Company: CHD
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001193125-25-059273
Chunk: 105

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 105
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 the Board’s Governance, Nominating and Corporate Responsibility Committee (then the Governance & Nominating Committee), the Board recommended that our stockholders adopt an amendment to our Amended and Restated Certificate of Incorporation to enable stockholders to request special meetings of the Company’s stockholders. At our 2020 Annual Meeting, stockholders approved the amendment to our Certificate of Incorporation to enable stockholders who have continuously owned, for at least one year prior to the date of delivery of their special meeting request, 25% or more of our stock and who comply with the other applicable requirements and procedures set forth in our Certificate of Incorporation and our Bylaws, to request that the Company call a special meeting of stockholders (the “Special Meeting Amendment”). After the Special Meeting Amendment was approved, we amended our Certificate of Incorporation and Bylaws to put in place the special meeting right set forth in the Special Meeting Amendment. In considering the adoption of the Special Meeting Amendment, the Board evaluated a number of factors, including our belief that special meetings of stockholders should be extraordinary events that are held only when strategic concerns or other similar critical, time-sensitive issues require that the matters to be addressed not be delayed until the Company’s next annual meeting of stockholders. Further, special meetings impose significant costs, both administrative and operational. Our Board of Directors and executive management must devote significant time and attention to preparing for a special meeting, taking their attention away from their primary focus of overseeing and operating the Company’s business in the best interest of its stockholders and creating long-term stockholder value. For these reasons, the Board believes that the current special meeting right, including the one-yearholding period and other procedural requirements, is consistent with best market practices while also protecting the Company and its broader stockholder base against risks that a minority of stockholders will use special meetings to advance short-term initiatives and special interests, which may not be in the long-term interests of the Company or its stockholders. The one-yearholding requirement to call a special meeting protects the Company and its stockholders from the significant time, financial, and administrative burdens of excessive special meetings. If the one-yearholding period requirement were to be eliminated from the special meeting ownership threshold, the Company could be subject to regular disruptions by special-interest stockholder groups with agendas that are not in the best interests of the Company or its stockholders. The Board believes that the one-yearholding period requirement is part of a reasonable balance between enhancing stockholder rights and protecting against the risk that a small minority of stock