• Embed Doc
  • Readcast
  • Collections
  • CommentGo Back
Download
Table\ue000 of\ue000 Contents
\ue000\ue000
UNITED\ue000 STATES
SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
Washington,\ue000 D.C.\ue000 20549
\ue000
\ue000
FORM\ue000 10-K
\ue000
\ue000
ANNUAL\ue000 REPORT\ue000 PURSUANT\ue000 TO\ue000 SECTION\ue000 13\ue000 OR\ue000 15(d)\ue000 OF
THE\ue000 SECURITIES\ue000 EXCHANGE\ue000 ACT\ue000 OF\ue000 1934
\ue000
For\ue000 the\ue000 fiscal\ue000 year\ue000 ended\ue000 December\ue000 31,\ue000 2008
\ue000\ue000
Commission\ue000 File\ue000 Number
1-10585\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000
\ue000
\ue000
CHURCH\ue000 &\ue000 DWIGHT\ue000 CO.,\ue000 INC.
(Exact\ue000 name\ue000 of\ue000 registrant\ue000 as\ue000 specified\ue000 in\ue000 its\ue000 charter)
\ue000
\ue000
\ue000
Delaware
\ue000
13-4996950
(State\ue000 or\ue000 other\ue000 jurisdiction\ue000 of
incorporation\ue000 or\ue000 organization)
\ue000
(I.R.S.\ue000 Employer
Identification\ue000 No.)
469\ue000 North\ue000 Harrison\ue000 Street,\ue000 Princeton,\ue000 N.J.
\ue000
08543-5297
(Address\ue000 of\ue000 principal\ue000 executive\ue000 office)
\ue000
(Zip\ue000 Code)
Registrant\u2019s\ue000 telephone\ue000 number,\ue000 including\ue000 area\ue000 code:\ue000(609)\ue000 683-5900
\ue000
\ue000
Securities\ue000 registered\ue000 pursuant\ue000 to\ue000 Section\ue000 12(b)\ue000 of\ue000 the\ue000 Act:
\ue000
Title\ue000 of\ue000 each\ue000 class
\ue000
Name\ue000 of\ue000 each\ue000 exchange
on\ue000 which\ue000 registered
Common\ue000 Stock,\ue000 $1\ue000 par\ue000 value
\ue000
New\ue000 York\ue000 Stock\ue000 Exchange
Preferred\ue000 Stock\ue000 Purchase\ue000 Rights
\ue000
New\ue000 York\ue000 Stock\ue000 Exchange
Securities\ue000 registered\ue000 pursuant\ue000 to\ue000 Section\ue000 12(g)\ue000 of\ue000 the\ue000 Act:\ue000None
\ue000
\ue000

Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 well-known\ue000 seasoned\ue000 issuer,\ue000 as\ue000 defined\ue000 in\ue000 Rule\ue000 405\ue000 of\ue000 the\ue000 Securities\ue000 Act.\ue000\ue000\ue000\ue000 Yes\ue000 \ue000x\ue000\ue000\ue000\ue000 No\ue000 \ue000\u00ae Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 the\ue000 registrant\ue000 is\ue000 not\ue000 required\ue000 to\ue000 file\ue000 reports\ue000 pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 Section\ue000 15(d)\ue000 of\ue000 the\ue000 Act.\ue000\ue000\ue000\ue000 Yes\ue000 \ue000\u00ae\ue000\ue000\ue000\ue000 No\ue000 \ue000x Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 (1)\ue000 has\ue000 filed\ue000 all\ue000 reports\ue000 required\ue000 to\ue000 be\ue000 filed\ue000 by\ue000 Section\ue000 13\ue000 or\ue000 15\ue000 (d)\ue000 of\ue000 the\ue000 Securities

Exchange\ue000 Act\ue000 of\ue000 1934\ue000 during\ue000 the\ue000 preceding\ue000 12\ue000 months\ue000 and\ue000 (2)\ue000 has\ue000 been\ue000 subject\ue000 to\ue000 such\ue000 filing\ue000 requirements\ue000 for\ue000 the\ue000 past\ue000 90
days.\ue000\ue000\ue000\ue000 Yes\ue000 \ue000x\ue000\ue000\ue000\ue000 No\ue000 \ue000\u00ae

Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 disclosure\ue000 of\ue000 delinquent\ue000 filers\ue000 pursuant\ue000 to\ue000 Item\ue000 405\ue000 of\ue000 Regulation\ue000 S-K\ue000 is\ue000 not\ue000 contained\ue000 herein,\ue000 and\ue000 will\ue000 not\ue000 be contained,\ue000 to\ue000 the\ue000 best\ue000 of\ue000 registrant\u2019s\ue000 knowledge,\ue000 in\ue000 definitive\ue000 proxy\ue000 or\ue000 information\ue000 statements\ue000 incorporated\ue000 by\ue000 reference\ue000 in\ue000 Part\ue000 III\ue000 of\ue000 this\ue000 Form 10-K\ue000 or\ue000 any\ue000 amendment\ue000 to\ue000 this\ue000 Form\ue000 10-K.\ue000 \ue000\u00ae

Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 large\ue000 accelerated\ue000 filer,\ue000 an\ue000 accelerated\ue000 filer\ue000 or\ue000 non-accelerated\ue000 filer.\ue000 See\ue000 the\ue000 definitions\ue000 of
\u201clarge\ue000 accelerated\ue000 filer,\u201d\ue000 \u201caccelerated\ue000 filer\u201d\ue000 and\ue000 \u201csmaller\ue000 reporting\ue000 company\u201d\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Exchange\ue000 Act.\ue000 (check\ue000 one):
Large\ue000 accelerated\ue000 filer\ue000 \ue000x\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000 Accelerated\ue000 filer\ue000 \ue000\u00ae\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000 Non-accelerated\ue000 filer\ue000 \ue000\u00ae\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000 Smaller\ue000 reporting\ue000 company\ue000 \ue000\u00ae
Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 shell\ue000 company\ue000 (as\ue000 defined\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Act).\ue000\ue000\ue000\ue000 Yes\ue000 \ue000\u00ae\ue000\ue000\ue000\ue000 No\ue000 \ue000x

The\ue000 aggregate\ue000 market\ue000 value\ue000 of\ue000 the\ue000 voting\ue000 and\ue000 non-voting\ue000 common\ue000 equity\ue000 held\ue000 by\ue000 non-affiliates\ue000 as\ue000 of\ue000 June\ue000 27,\ue000 2008\ue000 (the\ue000 last\ue000 business\ue000 day of\ue000 the\ue000 registrant\u2019s\ue000 most\ue000 recently\ue000 completed\ue000 second\ue000 fiscal\ue000 quarter)\ue000 was\ue000 approximately\ue000 $3.3\ue000 billion.\ue000 For\ue000 purposes\ue000 of\ue000 making\ue000 this\ue000 calculation\ue000 only, the\ue000 registrant\ue000 included\ue000 all\ue000 directors,\ue000 executive\ue000 officers\ue000 and\ue000 beneficial\ue000 owners\ue000 of\ue000 more\ue000 than\ue000 ten\ue000 percent\ue000 of\ue000 the\ue000 Common\ue000 Stock\ue000 of\ue000 the\ue000 Company\ue000 as affiliates.\ue000 The\ue000 aggregate\ue000 market\ue000 value\ue000 is\ue000 based\ue000 on\ue000 the\ue000 closing\ue000 price\ue000 of\ue000 such\ue000 stock\ue000 on\ue000 the\ue000 New\ue000 York\ue000 Stock\ue000 Exchange\ue000 on\ue000 June\ue000 27,\ue000 2008.

As\ue000 of\ue000 February\ue000 20,\ue000 2009,\ue000 70,141,472\ue000 shares\ue000 of\ue000 Common\ue000 Stock\ue000 were\ue000 outstanding.
Documents\ue000 Incorporated\ue000 by\ue000 Reference
Certain\ue000 provisions\ue000 of\ue000 the\ue000 registrant\u2019s\ue000 definitive\ue000 proxy\ue000 statement\ue000 to\ue000 be\ue000 filed\ue000 not\ue000 later\ue000 than\ue000 April\ue000 30,\ue000 2009\ue000 are\ue000 incorporated\ue000 by\ue000 reference\ue000 in
Items\ue000 10\ue000 through\ue000 14\ue000 of\ue000 Item\ue000 III\ue000 of\ue000 this\ue000 Annual\ue000 Report\ue000 on\ue000 Form\ue000 10-K.
\ue000\ue000\ue000
Processed and formatted by SEC Watch - Visit SECWatch.com
Table\ue000 of\ue000 Contents
CAUTIONARY\ue000 NOTE\ue000 ON\ue000 FORWARD-LOOKING\ue000 INFORMATION

This\ue000 Annual\ue000 Report\ue000 contains\ue000 forward-looking\ue000 statements,\ue000 including,\ue000 among\ue000 others,\ue000 statements\ue000 relating\ue000 to\ue000 short-\ue000 and\ue000 long-term\ue000 financial
objectives,\ue000 sales\ue000 and\ue000 earnings\ue000 growth,\ue000 earnings\ue000 per\ue000 share,\ue000 margin\ue000 improvement,\ue000 price\ue000 increases,\ue000 marketing\ue000 spending,\ue000 the\ue000 Orajel\ue000 Acquisition,
assets\ue000 held\ue000 for\ue000 sale,\ue000 the\ue000 shift\ue000 to\ue000 concentrated\ue000 liquid\ue000 laundry\ue000 detergent,\ue000 the\ue000 Company\u2019s\ue000 diesel\ue000 fuel\ue000 hedge\ue000 program,\ue000 increases\ue000 in\ue000 research\ue000 and
development\ue000 and\ue000 product\ue000 development\ue000 spending,\ue000 interest\ue000 rate\ue000 collars,\ue000 effective\ue000 tax\ue000 rate,\ue000 unrecognized\ue000 tax\ue000 benefits,\ue000 capital\ue000 expenditures,
pension\ue000 plan\ue000 contributions,\ue000 the\ue000 closing\ue000 of\ue000 the\ue000 Company\u2019s\ue000 facilities\ue000 in\ue000 North\ue000 Brunswick,\ue000 New\ue000 Jersey\ue000 and\ue000 the\ue000 investment\ue000 in\ue000 a\ue000 new\ue000 facility\ue000 in
York\ue000 County,\ue000 Pennsylvania.\ue000 These\ue000 statements\ue000 represent\ue000 the\ue000 intentions,\ue000 plans,\ue000 expectations\ue000 and\ue000 beliefs\ue000 of\ue000 the\ue000 Company,\ue000 and\ue000 are\ue000 subject\ue000 to
risks,\ue000 uncertainties\ue000 and\ue000 other\ue000 factors,\ue000 many\ue000 of\ue000 which\ue000 are\ue000 outside\ue000 the\ue000 Company\u2019s\ue000 control\ue000 and\ue000 could\ue000 cause\ue000 actual\ue000 results\ue000 to\ue000 differ\ue000 materially\ue000 from
such\ue000 forward-looking\ue000 statements.\ue000 Important\ue000 factors\ue000 that\ue000 could\ue000 cause\ue000 actual\ue000 results\ue000 to\ue000 differ\ue000 materially\ue000 from\ue000 those\ue000 in\ue000 the\ue000 forward-looking
statements\ue000 include\ue000 a\ue000 decline\ue000 in\ue000 market\ue000 growth\ue000 and\ue000 consumer\ue000 demand\ue000 (including\ue000 the\ue000 effect\ue000 of\ue000 political,\ue000 economic\ue000 and\ue000 marketplace\ue000 conditions
and\ue000 events\ue000 on\ue000 consumer\ue000 demand);\ue000 unanticipated\ue000 increases\ue000 in\ue000 raw\ue000 material\ue000 and\ue000 energy\ue000 prices;\ue000 adverse\ue000 developments\ue000 affecting\ue000 the\ue000 financial
condition\ue000 of\ue000 major\ue000 customers;\ue000 competition;\ue000 the\ue000 impact\ue000 of\ue000 retailer\ue000 actions\ue000 in\ue000 response\ue000 to\ue000 changes\ue000 in\ue000 consumer\ue000 demand\ue000 and\ue000 the\ue000 economy
including\ue000 increasing\ue000 shelf\ue000 space\ue000 of\ue000 private\ue000 label\ue000 products;\ue000 consumer\ue000 reaction\ue000 to\ue000 new\ue000 product\ue000 introductions\ue000 and\ue000 features;\ue000 disruptions\ue000 in\ue000 the
banking\ue000 system\ue000 and\ue000 financial\ue000 markets\ue000 and\ue000 the\ue000 outcome\ue000 of\ue000 contingencies,\ue000 including\ue000 litigation,\ue000 pending\ue000 regulatory\ue000 proceedings\ue000 and
environmental\ue000 remediation.

The\ue000 Company\ue000 undertakes\ue000 no\ue000 obligation\ue000 to\ue000 publicly\ue000 update\ue000 any\ue000 forward-looking\ue000 statements,\ue000 whether\ue000 as\ue000 a\ue000 result\ue000 of\ue000 new\ue000 information, future\ue000 events\ue000 or\ue000 otherwise.\ue000 You\ue000 are\ue000 advised,\ue000 however,\ue000 to\ue000 consult\ue000 any\ue000 further\ue000 disclosures\ue000 we\ue000 make\ue000 on\ue000 related\ue000 subjects\ue000 in\ue000 our\ue000 filings\ue000 with\ue000 the U.S.\ue000 Securities\ue000 and\ue000 Exchange\ue000 Commission.

Processed and formatted by SEC Watch - Visit SECWatch.com
Table\ue000 of\ue000 Contents
TABLE\ue000 OF\ue000 CONTENTS
PART\ue000 I
\ue000
Item\ue000\ue000 \ue000
\ue000\ue000Page
1.
\ue000\ue000Business
\ue000\ue000
1
1A.\ue000\ue000Risk\ue000 Factors
\ue000\ue000
12
1B.\ue000\ue000Unresolved\ue000 Staff\ue000 Comments
\ue000\ue000
19
2.
\ue000\ue000Properties
\ue000\ue000
19
3.
\ue000\ue000Legal\ue000 Proceedings
\ue000\ue000
21
4.
\ue000\ue000Submission\ue000 of\ue000 Matters\ue000 to\ue000 a\ue000 Vote\ue000 of\ue000 Security\ue000 Holders
\ue000\ue000
21
\ue000\ue000
PART\ue000 II
\ue000\ue000
5.
\ue000\ue000Market\ue000 for\ue000 the\ue000 Registrant\u2019s\ue000 Common\ue000 Equity,\ue000 Related\ue000 Stockholder\ue000 Matters,\ue000 and\ue000 Issuer\ue000 Purchases\ue000 of\ue000 Equity\ue000 Securities
\ue000\ue000
22
6.
\ue000\ue000Selected\ue000 Financial\ue000 Data
\ue000\ue000
23
7.
\ue000\ue000Management\u2019s\ue000 Discussion\ue000 and\ue000 Analysis\ue000 of\ue000 Financial\ue000 Condition\ue000 and\ue000 Results\ue000 of\ue000 Operations
\ue000\ue000
24
7A.\ue000\ue000Quantitative\ue000 and\ue000 Qualitative\ue000 Disclosures\ue000 about\ue000 Market\ue000 Risk
\ue000\ue000
41
8.
\ue000\ue000Financial\ue000 Statements\ue000 and\ue000 Supplementary\ue000 Data
\ue000\ue000
42
9.
\ue000\ue000Changes\ue000 in\ue000 and\ue000 Disagreements\ue000 with\ue000 Accountants\ue000 on\ue000 Accounting\ue000 and\ue000 Financial\ue000 Disclosure
\ue000\ue000
84
9A.\ue000\ue000Controls\ue000 and\ue000 Procedures
\ue000\ue000
84
9B.\ue000\ue000Other\ue000 Information
\ue000\ue000
84
\ue000\ue000
PART\ue000 III
\ue000\ue000
10.\ue000\ue000Directors,\ue000 Executive\ue000 Officers\ue000 and\ue000 Corporate\ue000 Governance
\ue000\ue000
85
11.\ue000\ue000Executive\ue000 Compensation
\ue000\ue000
85
12.\ue000\ue000Security\ue000 Ownership\ue000 of\ue000 Certain\ue000 Beneficial\ue000 Owners\ue000 and\ue000 Management\ue000 and\ue000 Related\ue000 Stockholder\ue000 Matters
\ue000\ue000
85
13.\ue000\ue000Certain\ue000 Relationships\ue000 and\ue000 Related\ue000 Transactions,\ue000 and\ue000 Director\ue000 Independence
\ue000\ue000
85
14.\ue000\ue000Principal\ue000 Accounting\ue000 Fees\ue000 and\ue000 Services
\ue000\ue000
85
\ue000\ue000
PART\ue000 IV
\ue000\ue000
15.\ue000\ue000Exhibits,\ue000 Financial\ue000 Statement\ue000 Schedules
\ue000\ue000
86
Processed and formatted by SEC Watch - Visit SECWatch.com
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...