Kimberly-Clark Corporation, Annual Meeting of Stockholders, 03 May 2012

Kimberly-Clark Corporation held their annual meeting on Thursday, 03 May 2012 at their World Headquarters, 351 Phelps Drive, Irving, Texas. I was surprised that only beverages (tea, juices, and coffee) were served prior to the meeting. When I attended these meetings between 1995 and 2002, a continental breakfast buffet (juices, coffee, cantaloupe, honeydew, strawberries, Danish pastry, etc.) was served prior to the meeting. About 30 to 40 shareholders attended the 2012 annual meeting; whereas, about 100 to 120 shareholders attended these meetings between 1995 and 2002. No shareholders spoke at the 2012 annual meeting; whereas, three to six shareholders spoke at annual meetings between 1995 and 2002. The 2012 annual meeting lasted about 20 minutes; whereas, annual meetings between 1995 and 2002 ran 45 to 60 minutes because a video about new products or factories was shown and shareholders spoke. Directors were elected, auditors were ratified, and advisory vote to approve named executive officer compensation was approved at the 2012 annual meeting.

This is the 140th Anniversary of Kimberly-Clark – founded prior to Levi Strauss, Wright brother’s flight, Edison’s light bulb, and modern Olympic Games. If $100 were invested in Kimberly-Clark in 1928 and dividends reinvested, it would be worth about $698,280 today. Kimberly-Clark has declared 40 consecutive annual increases of dividend. Information about Kimberly-Clark Corporation is available at http://www.kimberly-clark.com/ and https://www.facebook.com/pages/Kimberly-Clark-Corporation-United-States/110674865650599.