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Procter & Gamble | 11-K: Annual report of employee stock purchase, savings and similar plans (and amendment thereto)

SEC announcement ·  Mar 22 10:12
Summary by Moomoo AI
Procter & Gamble, under its stock code PG.US, has filed its annual 11-K report for the fiscal year ended December 31, 2023. The report includes audited financial statements for The Gillette Company Global Employee Stock Ownership Plan (GESOP), which is sponsored by The Gillette Company, a subsidiary of Procter & Gamble. The financial statements reveal a decrease in net assets available for plan benefits from $826,139 at the end of 2022 to $399,066 at the end of 2023. The report, signed by Chris Young of the GESOP Administrative Committee on March 21, 2024, also includes an independent auditor's report from Deloitte LLP. The audit opinion states that the financial statements present fairly the net assets and changes in net assets for the years ended December 31, 2023, 2022, and 2021. Notably, the...Show More
Procter & Gamble, under its stock code PG.US, has filed its annual 11-K report for the fiscal year ended December 31, 2023. The report includes audited financial statements for The Gillette Company Global Employee Stock Ownership Plan (GESOP), which is sponsored by The Gillette Company, a subsidiary of Procter & Gamble. The financial statements reveal a decrease in net assets available for plan benefits from $826,139 at the end of 2022 to $399,066 at the end of 2023. The report, signed by Chris Young of the GESOP Administrative Committee on March 21, 2024, also includes an independent auditor's report from Deloitte LLP. The audit opinion states that the financial statements present fairly the net assets and changes in net assets for the years ended December 31, 2023, 2022, and 2021. Notably, the report emphasizes the company's decision to terminate the plan, with the expected termination date around December 6, 2024. The GESOP's investments primarily consist of Procter & Gamble common stock, which experienced a net depreciation in value in 2023. The plan's financial statements also detail the contributions, distributions, and administrative expenses associated with the plan.

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