PROCTER & GAMBLE Co — Board/Management Information 2007

Jan 10, 2007

8-K 1 kgilrel.htm 8-K - REALIGNMENT OF GILLETTE GBUS 8-K - Realignment of Gillette GBUs Licensed to: The Procter & Gamble Company Document Created using EDGARizer HTML 3.0.4.0 Copyright 2006 EDGARfilings, Ltd., an IEC company. All rights reserved EDGARfilings.com

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act Of 1934

Date of Report (Date of earliest event reported) January 10, 2007

| THE
PROCTER & GAMBLE COMPANY |
| --- |
| (Exact
name of registrant as specified in its
charter) |

Ohio	1-434	31-0411980
(State
or other jurisdiction of
incorporation)	(Commission
File Number)	(IRS
Employer Identification
Number)

| One
Procter & Gamble Plaza, Cincinnati, Ohio | 45202 |
| --- | --- |
| (Address
of principal executive offices) | Zip
Code |

| (513)
983-1100 | 45202 |
| --- | --- |
| ( Registrant's
telephone number, including area code ) | Zip
Code |

| ¨ | Written
communications pursuant to Rule 425 under the Securities
Act (17 CFR
230.425) |
| --- | --- |
| ¨ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17
CFR
240.14a-12) |
| ¨ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act (17
CFR 240.14d-2(b)) |
| ¨ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act (17
CFR 240.13e-4(c)) |

ITEM 7.01 REGULATION FD DISCLOSURE On January 10, 2007, The Procter & Gamble Company (the "Company") announced an internal realignment involving the Gillette Global Business Unit (GBU) and associated management changes. Effective July 1, 2007, the Company is combining its Gillette blades and razors and Braun businesses and realigning them with the Beauty and Health GBU. The Company will also realign its Duracell business with the Household Care GBU. The Company also announced certain management changes in connection with this realignment: l Charles V. Bergh, currently president—global grooming, will be elected to group president, continuing to lead Gillette global grooming and reporting to Susan E. Arnold, vice chairman—Beauty and Health. l Bracken Darrell will continue as president of Braun, reporting to Mr. Bergh. l Joseph F. Dooley will continue as president of Duracell, reporting to Bruce L. Byrnes, vice chairman of the board—Household Care. Any impacts of this realignment on segment reporting will be disclosed at a later date. The Company is furnishing this 8-K pursuant to Item 7.01, “Regulation FD Disclosure.”

Forward-Looking Statements All statements, other than statements of historical fact included in this release, are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on financial data, market assumptions and business plans available only as of the time the statements are made, which may become out of date or incomplete. We assume no obligation to update any forward-looking statement as a result of new information, future events or other factors. Forward-looking statements are inherently uncertain, and investors must recognize that events could differ significantly from our expectations. In addition to the risks and uncertainties noted in this release, there are certain factors that could cause actual results to differ materially from those anticipated by some of the statements made. These include: (1) the ability to achieve business plans, including with respect to lower income consumers and growing existing sales and volume profitably despite high levels of competitive activity, especially with respect to the product categories and geographical markets (including developing markets) in which the Company has chosen to focus; (2) the ability to successfully execute, manage and integrate key acquisitions and mergers, including (i) the Domination and Profit Transfer Agreement with Wella, and (ii) the Company’s merger with The Gillette Company, and to achieve the cost and growth synergies in accordance with the stated goals of these transactions; (3) the ability to manage and maintain key customer relationships; (4) the ability to maintain key manufacturing and supply sources (including sole supplier and plant manufacturing sources); (5) the ability to successfully manage regulatory, tax and legal matters (including product liability, patent, and intellectual property matters as well as those related to the integration of Gillette and its subsidiaries), and to resolve pending matters within current estimates; (6) the ability to successfully implement, achieve and sustain cost improvement plans in manufacturing and overhead areas, including the Company's outsourcing projects; (7) the ability to successfully manage currency (including currency issues in volatile countries), debt, interest rate and commodity cost exposures; (8) the ability to manage continued global political and/or economic uncertainty and disruptions, especially in the Company's significant geographical markets, as well as any political and/or economic uncertainty and disruptions due to terrorist activities; (9) the ability to successfully manage competitive factors, including prices, promotional incentives and trade terms for products; (10) the ability to obtain patents and respond to technological advances attained by competitors and patents granted to competitors; (11) the ability to successfully manage increases in the prices of raw materials used to make the Company's products; (12) the ability to stay close to consumers in an era of increased media fragmentation; and (13) the ability to stay on the leading edge of innovation. For additional information concerning factors that could cause actual results to materially differ from those projected herein, please refer to our most recent 10-K, 10-Q and 8-K reports.

SIGNATURE 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.

THE PROCTER & GAMBLE COMPANY

BY: /s/ E. J. WUNSCH ___

E. J. Wunsch

Assistant Secretary

January 10, 2007