WD 40 CO
For the period ended Dec 12, 2025. Filed Oct 31, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 12, 2025 · Filed Oct 31, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrantþ
Filed by a Party other than the Registrant
Check the appropriate box:
| o | Preliminary Proxy Statement |
|---|---|
| o | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| þ | Definitive Proxy Statement |
| o | Definitive Additional Materials |
| o | Soliciting Material under §240.14a-12 |
WD-40 COMPANY
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| þ | No fee required |
|---|---|
| Fee paid previously with preliminary materials | |
| Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
9715 Businesspark Avenue
San Diego, California 92131
NOTICE OF 2025 ANNUAL MEETING OF STOCKHOLDERS
To the Stockholders:
The 2025 Annual Meeting of Stockholders (“annual meeting”) of WD-40 Company (“Company”) will be held solely via a live audio webcast at the following virtual location and for the following purposes:
| When: · Friday, December 12, 2025 at 10:00 a.m., Pacific Time | ||
|---|---|---|
| Where: · http://meetnow.global/MWCX429 | ||
| Items of Business: | 1. | To elect a Board of Directors (“Board”) for the ensuing year and until their successors are elected and qualified; |
| 2. | To hold an advisory vote to approve executive compensation; | |
| 3. | To ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2026; and | |
| 4. | To consider and act upon such other business as may properly come before the annual meeting. | |
| Who Can Vote: | Only the stockholders of record at the close of business on October 15, 2025 are entitled to vote at the annual meeting. This proxy statement (“Proxy Statement”), enclosed form of proxy, and the Company’s 2025 Annual Report (collectively, “proxy materials”) are first sent to stockholders on or about October 31, 2025. | |
| Attending the Virtual Annual Meeting | To expand access to our stockholders, our annual meeting will be conducted virtually. You may attend and participate in the annual meeting online, vote your shares electronically, and submit your questions prior to and during the annual meeting by visiting: http://meetnow.global/MWCX429. There is no physical location for the annual meeting.Please see “How can I participate in the virtual annual meeting?” beginning on page 1 for information about how to attend and participate in the annual meeting. | |
REVIEW YOUR PROXY STATEMENT AND VOTE IN ONE OF FOUR WAYS:
| VIA THE INTERNETVisit the website listed on your proxy card | BY MAILSign, date and return your proxy card in the enclosed envelope |
|---|---|
| BY TELEPHONECall the telephone number on your proxy card | VIA LIVE VIRTUAL MEETINGAttend the annual meeting at |
| http://meetnow.global/MWCX429 |
By Order of the Board of Directors,
Phenix Q. Kiamilev
Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary
San Diego, California
October 31, 2025
TABLE OF CONTENTS
| Page | |
|---|---|
| PROXY STATEMENT SUMMARY | 1 |
| FAQS AND GENERAL INFORMATION | 1 |
| HOUSEHOLDING OF PROXY MATERIALS | 3 |
| PROPOSALS: | 4 |
| ITEM NO. 1: ELECTION OF DIRECTORS | 4 |
| ITEM NO. 2: ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION | 11 |
| ITEM NO. 3: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 12 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 13 |
| Delinquent Section 16(a) Reports | 15 |
| BOARD OF DIRECTORS AND CORPORATE GOVERNANCE | 15 |
| Board Leadership and Risk Oversight | 16 |
| Board Meetings, Committees and Annual Meeting Attendance | 17 |
| Equity Holding Requirement for Directors | 17 |
| Insider Trading Policy – Prohibited Trading Transactions | 17 |
| Communications with the Board | 18 |
| DIRECTOR COMPENSATION | 18 |
| BOARD COMMITTEES | 20 |
| Corporate Governance Committee | 20 |
| Board and Committee Self-Evaluation | 20 |
| Nomination Policies and Procedures | 21 |
| Continuing Education and Certifications | 22 |
| Skills and Experience | 22 |
| Current Board Composition | 23 |
| Audit Committee | 24 |
| Finance Committee | 24 |
| Compensation and People Committee | 25 |
| Compensation Committee Interlocks and Insider Participation | 25 |
| ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES | 25 |
| INFORMATION REGARDING OUR EXECUTIVE OFFICERS | 26 |
| COMPENSATION DISCUSSION AND ANALYSIS | 27 |
| Executive Summary of Executive Compensation Decisions and Results | 27 |
| Governance of Executive Officer Compensation Program | 30 |
| Executive Compensation Philosophy and Framework | 31 |
| Executive Officer Compensation Decisions for Fiscal Year 2025 | 33 |
| Other Compensation Policies | 40 |
| COMPENSATION AND PEOPLE COMMITTEE REPORT | 42 |
| EXECUTIVE COMPENSATION | 43 |
| Summary Compensation Table | 43 |
| Pay versus Performance Table | 44 |
| Grants of Plan-Based Awards – Fiscal Year 2025 | 48 |
| Outstanding Equity Awards at 2025 Fiscal Year End | 49 |
| Stock Vested – Fiscal Year 2025 | 49 |
| Nonqualified Deferred Compensation – Fiscal Year 2025 | 51 |
| Change of Control Severance Agreements | 51 |
| CEO Pay Ratio | 52 |
| EQUITY COMPENSATION PLAN INFORMATION | 53 |
| AUDIT RELATED MATTERS | 53 |
| Fees Paid to Independent Registered Public Accounting Firm | 53 |
| Pre-approval Policies and Procedures | 53 |
| Related Party Transactions Review and Oversight | 54 |
| AUDIT COMMITTEE REPORT | 55 |
| STOCKHOLDER PROPOSALS OR DIRECTOR NOMINATIONS FOR OUR 2026 ANNUAL MEETING | 56 |
| FORWARD-LOOKING STATEMENTS | 56 |
| INCORPORATION BY REFERENCE | 57 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.