Company: CHD
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001193125-25-059273
Chunk: 104

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 104
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 call for a special shareholder meeting on an important matter. The current one-yearexclusion for all shares held for less than one continuous year makes the current so-calledshareholder right to call for a special shareholder meeting useless. There is no point to have useless right on the books of CHD. The reason to enable all shareholders to call for a special shareholder meeting is to allow one shareholder or a group of shareholders to quickly acquire CHD shares to equal the challenging 25% share ownership requirement of all shares outstanding to call for a special shareholder meeting when there is an urgent matter to consider in order to incentivize a turnaround of CHD. The best strategies for turning around a company do not necessarily come from a company’s existing shareholders. If CHD is in an emergency situation, CHD shareholders and potential CHD shareholders will not even consider acquiring more shares in order to call for a special shareholder meeting, if they have wait one-yearto call for a special shareholder meeting. A one-yearholding period makes no sense. An emergency demands an immediate response. The fact that one shareholder or a group of shareholders can quickly acquire more shares to call for a special shareholder meeting is an incentive for CHD Directors to avoid such an emergency situation in the first place since the continued service of certain CHD Directors could be terminated by a special shareholder meeting. This is a good incentive for the CHD Directors to have for the benefit of all shareholders. Please vote yes: Support Special Shareholder Meeting Improvement - Proposal 4 The Board’s Statement in Opposition to Stockholder Proposal After careful consideration, and for the following reasons, the Board believes that the proposal is not in the best interests of the Company or its stockholders, and the Board recommends voting “AGAINST” this proposal. The stockholder proposal seeks to make changes to the special meeting right of our stockholders. We believe that the special meeting right is already aligned with best practices and balances the interests of our broader stockholder base against potential abuse by stockholders with narrow short-term interests.

| Church & Dwight Co.  | 2025 Proxy Statement |     | 95 |

| PROPOSAL 4 |

Before our Annual Meeting of Stockholders held in 2020 (the “2020 Annual Meeting”), special meetings of our stockholders could only be called by the Chairman of the Board, our Chief Executive Officer, or at the request of our Board. In 2020, as part of the Board’s ongoing review of our corporate governance practices, and at the recommendation of