FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
DATE OF REPORT: MARCH 27, 2002
(Date of earliest event reported)
KIMBERLY-CLARK CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-225 39-0394230
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
P.O. BOX 619100, DALLAS, TEXAS 75261-9100
(Address of principal executive offices) (Zip Code)
(972) 281-1200
(Registrant's telephone number, including area code)
Item 9. Regulation FD Disclosure
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Attached hereto as Exhibit (99) is a statement by Kimberly-Clark Corporation
relating to its agreement to the issuance of an administrative order by the
Securities and Exchange Commission on March 27, 2002.
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KIMBERLY-CLARK CORPORATION
Date: March 27, 2002 By: /s/ Randy J. Vest
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Randy J. Vest
Vice President and
Controller
EXHIBIT INDEX
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(99) Statement by Kimberly-Clark Corporation relating to administrative
order issued by the SEC on March 27, 2002.
EXHIBIT 99
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KIMBERLY-CLARK SAYS SEC ADMINISTRATIVE ORDER ADDRESSES MATTERS ALREADY COVERED
BY 1999 RESTATEMENT OF PRIOR FINANCIAL RESULTS
Kimberly-Clark consented to the issuance of an administrative order by
the SEC that relates to the recording of restructuring costs associated with
the company's 1995 merger with Scott Paper Company. The company said the
administrative order,issued on March 27, 2002, does not include any monetary
penalties, and that the matters raised in the order were addressed in 1999
when the company voluntarily restated prior financial statements.
The accounting treatment for the 1995 restructuring charge was discussed
with and reviewed by the company's independent auditors at the time it was
recorded. In 1999, the SEC conducted a review of several years of financial
statements. The company voluntarily restated its 1995 through the first
quarter of 1999 financial results in August 1999 following the conclusion of
the review. The restatement of the 1995 charge did not impact reported sales
or cash flows, and total earnings per share over that period were unchanged.
The order makes no change to financial results as restated in 1999.
The Board of Directors of the Corporation and its Audit Committee each
reviewed and discussed with management and the Corporation's independent
auditors the matters relating to the administrative order.
Kimberly-Clark cooperated fully with the SEC's informal inquiry and is
pleased that this matter has been concluded.