<SEC-DOCUMENT>0001104659-22-044738.txt : 20220411
<SEC-HEADER>0001104659-22-044738.hdr.sgml : 20220411
<ACCEPTANCE-DATETIME>20220411171955
ACCESSION NUMBER:		0001104659-22-044738
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220411
DATE AS OF CHANGE:		20220411

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KIMBERLY CLARK CORP
		CENTRAL INDEX KEY:			0000055785
		STANDARD INDUSTRIAL CLASSIFICATION:	CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670]
		IRS NUMBER:				390394230
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00225
		FILM NUMBER:		22820435

	BUSINESS ADDRESS:	
		STREET 1:		351 PHELPS DRIVE
		CITY:			IRVING
		STATE:			TX
		ZIP:			75038
		BUSINESS PHONE:		9722811200

	MAIL ADDRESS:	
		STREET 1:		P O BOX 619100
		STREET 2:		DFW AIRPORT STATION
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75261-9100
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>tm2212400d1_defa14a.htm
<DESCRIPTION>DEFA14A
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231f20"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231f20"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231f20"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231f20"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231f20"><B>Proxy Statement Pursuant to
Section&nbsp;14(a)&nbsp;of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231f20"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>the
Securities Exchange Act of 1934 (Amendment No.</B></FONT><B>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">)</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20">Filed by the Registrant <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20">Filed by a Party other than the Registrant <B></B><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;Preliminary
Proxy Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;<B>Confidential, for Use of the Commission Only
(as permitted by Rule&nbsp;14a -6(e)(2))</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;Definitive Proxy Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20"><FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;Definitive
Additional Materials</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;Soliciting Material under &sect;240.14a-12</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #231f20; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 20%"></TD><TD STYLE="border-bottom: Black 1pt solid; width: 60%; text-align: center"><FONT STYLE="font-size: 18pt"><B>Kimberly-Clark
                            Corporation</B></FONT></TD><TD STYLE="text-align: justify; width: 20%">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="padding-top: 3pt; text-align: center">(Name of Registrant as Specified
in Its Charter)</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231f20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #231f20; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 20%"></TD><TD STYLE="border-bottom: Black 1pt solid; width: 60%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 20%">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="padding-top: 3pt; text-align: center">(Name of Person(s)&nbsp;Filing
Proxy Statement, if other than the Registrant)</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231f20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20">Payment of Filing Fee (Check the appropriate box):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20"><FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;No
fee required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;Fee paid previously with preliminary materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231f20"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;Fee computed on table in exhibit required by Item
25(b)&nbsp;per Exchange Act Rules&nbsp;14a6(i)(1)&nbsp;and 0 -11.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>KIMBERLY-CLARK CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">P.O.&nbsp;Box 619100</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dallas, TX 75261-9100</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SUPPLEMENT TO DEFINITIVE PROXY STATEMENT RELATING
TO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE ANNUAL MEETING OF STOCKHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TO BE HELD ON WEDNESDAY, APRIL&nbsp;27, 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On March&nbsp;7, 2022, Kimberly-Clark Corporation (the &ldquo;Company&rdquo;)
filed a definitive proxy statement (the &ldquo;Proxy Statement&rdquo;) with the Securities and Exchange Commission (&ldquo;SEC&rdquo;),
which was distributed in connection with the Company&rsquo;s Annual Meeting of Stockholders to be held virtually on Wednesday, April&nbsp;27,
2022, at 9:00 a.m.&nbsp;Central Time. <B>The Company is filing this supplement to the Proxy Statement solely to clarify certain information
relating to the payment of severance benefits to Kimberly K. Underhill, the Company&rsquo;s former Group President, K-C North America.
The benefits paid to Ms. Underhill were all made in accordance with the standard treatment provided for under the applicable plans, as
detailed further below.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Ms. Underhill left the company on September 1, 2021 due
to a material change in the geographic location of her position without her consent from Neenah, Wisconsin to Chicago, Illinois in connection
with the relocation of our commercial operations center for North American consumer products. Therefore, her departure constitutes an
involuntary termination under the terms of our Severance Pay Plan. As such, pursuant to our Severance Pay Plan, Ms. Underhill received
a payout in connection with her involuntary termination in the amount of $3,320,000, which represents two times the sum of Ms. Underhill&rsquo;s
annual base salary and current target annual incentive award. She also received a prorated payout for 2021 under our annual cash incentive
program which is shown in the Summary Compensation Table. Because Ms. Underhill was over age 55 at the time of her involuntary termination,
she was eligible for retirement treatment for her outstanding equity awards under the terms of the Equity Plans. Accordingly, her unvested
stock options vested on the date of her departure and will be exercisable until the earlier of five years or the remaining term of the
options, and her unvested performance-based restricted share units will be payable based on attainment of the performance goal at the
end of the performance period. The value of the unvested stock options and performance-based restricted share units was $7,609,471 at
the time of Ms. Underhill&rsquo;s departure (assuming that all performance-based restricted share units vest at the target level). Upon
Ms. Underhill&rsquo;s involuntary termination, the following benefits under the Supplemental Pension Plan became payable solely because
she was over age 55 and therefore was eligible for early retirement as defined under the terms of the Supplemental Pension Plan: (1)
a distribution of $14,786 paid in December 2021 for required income and payroll taxes withheld in 2021 and (2) a lump sum distribution
having a present value of $331,936, payable in April 2022 relating to benefits accrued after 2004. Commencement of Ms. Underhill&rsquo;s
remaining benefits under the Pension Plan and Supplemental Pension Plan is subject to her election, as described under Pension Benefits
in the Proxy Statement. Because she was over age 55 at the time of her involuntary termination, Ms. Underhill received retiree medical
credits valued at $104,500. Under the terms of our Severance Pay Plan, Ms. Underhill is also eligible to receive payments for six months
of COBRA medical coverage premiums, six months of outplacement services, three months of participation in our employee assistance program
and continuing coverage under Kimberly-Clark&rsquo;s group life insurance plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This supplement to the Proxy Statement is being filed with the SEC
and made available to the Company's shareholders on or about April&nbsp;11, 2022. The Proxy Statement, as well as the Company&rsquo;s
Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2021, are available at https://www.kimberly-clark.com/investors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Except as amended or supplemented by the information contained in this
supplement, all information set forth in the Proxy Statement continues to apply and should be considered in voting your shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are asking for your support by voting &ldquo;<B>FOR&rdquo; </B>all
proposals at the Annual Meeting of Stockholders. In particular, we are requesting your support by voting &ldquo;<B>FOR&rdquo; </B>Proposal
3, Advisory Vote to Approve Named Executive Officer Compensation, the proposal to approve, in a non-binding advisory resolution, the compensation
of our named executive officers as disclosed in the Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If you have already voted, you do not need to vote again unless you
would like to change or revoke your prior vote on any proposal. If you would like to change or revoke your prior vote on any proposal,
please refer to page&nbsp;93 of the Proxy Statement for instructions on how to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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