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     <!-- Client Name:    Kimberly-Clark Corporation                                       -->
     <!-- Project Name:   8-K EDGAR Filing                                                 -->
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     <TITLE>8-K EDGAR Filing</TITLE>
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<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="4"><b>UNITED STATES</b></font></p>
<br>
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="4"><b>SECURITIES AND EXCHANGE
COMMISSION</b></font></p>
<br>
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="4"><b>WASHINGTON, D.C.
20549</b></font></p>
<br>
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="4"><b>FORM 8-K</b></font></p>
<br>
<p style="margin-top:0px;margin-bottom:0px"><font size=
"1">&nbsp;</font></p>
<hr width="19%" size="1" noshade color="#000000">
<p style="margin-top:0px;margin-bottom:0px"><font size=
"1">&nbsp;</font></p>
<br>
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="5"><b>CURRENT
REPORT</b></font></p>
<br>
<p style="margin-top:0px;margin-bottom:0px"><font size=
"1">&nbsp;</font></p>
<p style="margin-top:0px;margin-bottom:0px">&nbsp;</p>
<table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0"
cellspacing="0" width="100%">
<tr>
<td align="center" valign="top"><font face="Times New Roman" size=
"3"><b>PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934</b></font></td>
</tr>
</table>
<p style="margin-top:0px;margin-bottom:0px"><font size=
"3">&nbsp;</font></p>
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="3"><b>Date of Report: &nbsp;
January 31, 2005</b></font></p>
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font size="1">(Date of earliest event reported)</font></p>
<p style="margin-top:0px;margin-bottom:0px"><font size="1"><br>
&nbsp;</font></p>
<table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0"
cellspacing="0" width="100%">
<tr>
<td width="5%" valign="top" align="left">
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="6"><b>KIMBERLY-CLARK
CORPORATION</b></font></p>
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="1">(Exact name of registrant as
specified in its charter)</font></p>
<br>
<br>
&nbsp;
<p style="margin-top:0px;margin-bottom:0px"><font size=
"1">&nbsp;</font></p>
</td>
</tr>
</table>
<table cellspacing="0" cellpadding="0" width="100%" border="0"
align="center">
<tr>
<td width="49%"></td>
<td valign="bottom" width="5%"></td>
<td width="48%"></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size=
"2"><b>Delaware</b></font></td>
<td valign="top" align="center"><font face="Times New Roman" size=
"2"><b>1-225</b></font></td>
<td valign="top" align="center"><font face="Times New Roman" size=
"2"><b>39-0394230</b></font></td>
</tr>
<tr>
<td valign="top" align="center">
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="1">(State or other jurisdiction
of</font></p>
<p style="margin-top:0px;margin-bottom:1px" align="center">
<font face="Times New Roman" size="1">incorporation)</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="1">(Commission File</font></p>
<p style="margin-top:0px;margin-bottom:1px" align="center">
<font face="Times New Roman" size="1">Number)</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="1">(I.R.S. Employer</font></p>
<p style="margin-top:0px;margin-bottom:1px" align="center">
<font face="Times New Roman" size="1">Identification
No.)</font></p>
</td>
</tr>
<tr>
<td height="16"></td>
<td height="16" colspan="2"></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size=
"2"><b>P. O. Box 619100, Dallas, Texas</b></font></td>
<td valign="bottom"><font size="1">&nbsp;</font></td>
<td valign="top" align="center"><font face="Times New Roman" size=
"2"><b>75261-9100</b></font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size=
"1">(Address of principal executive offices)</font></td>
<td valign="bottom"><font size="1">&nbsp;</font></td>
<td valign="top" align="center"><font face="Times New Roman" size=
"1">(Zip Code)</font></td>
</tr>
</table>
<br>
<p style="margin-top:0px;margin-bottom:0px"><font size=
"1">&nbsp;</font></p>
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="2"><b>(972)
281-1200</b></font></p>
<p style="margin-top:0px;margin-bottom:0px">&nbsp;</p>
<p style="margin-top:0px;margin-bottom:0px" align="center">
<font face="Times New Roman" size="1">(Registrant&#146;s telephone
number, including area code)</font></p>
<br>
<center>
<hr width="19%" size="1" noshade color="#000000"></center>
<br>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2): </FONT></P>

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
<BR><BR>
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
<BR><BR>
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17            CFR 240.14d-2(b))
<BR><BR>
[ ]  Pre-Commencement communications pursuant to Rule 13e-4(C)under the Exchange Act (17 CFR 240.13e-4))
<BR><BR>
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<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 1.01 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Entry into a Material Agreement </FONT></P>

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          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1. </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          On January 31, 2005, the Compensation Committee (the &#147;Committee&#148;) of
          the Board of Directors of Kimberly-Clark Corporation (the &#147;Company&#148;)
          established objectives for 2005 bonuses payable in 2006 to the executive
          officers of the Company under the Company&#146;s Executive Officer Achievement
          Award Plan (the &#147;Plan&#148;). The Plan was approved by the Company&#146;s
          stockholders on April 25, 2002, and filed as Exhibit 10(d) to the Company&#146;s
          Annual Report on Form 10-K for the year ended December 31, 2002. </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>

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          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          2005 bonus awards under the Plan will be based on the Committee&#146;s judgment regarding the
          Corporation&#146;s and the executive officer&#146;s performance in 2005 against the
          objectives. The corporate objectives include both financial and non-financial goals. The
          financial goals for 2005 include growth in net sales, growth in earnings per share and
          improvement in return on invested capital. Non-financial goals for 2005 include various
          qualitative and quantitative measures which are intended to further align compensation
          with achieving the Company&#146;s Global Business Plan. The non-financial goals vary by
          executive officer depending on their areas of responsibilities. Depending on actual
          performance in 2005 against the financial and non-financial goals, 2005 bonus awards could
          range from zero to 240 percent of each executive officer&#146;s target bonus. In no event,
          will any executive officer&#146;s actual bonus exceed 0.3% of the Company&#146;s 2005
          earnings before unusual items. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2. </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          On January 31, 2005, the Committee also determined the amount of bonuses payable
          for 2004 performance to the executive officers of the Company under the Plan.
          The performance objectives for 2004 bonuses were established by the Committee in
          January 2004 and included both financial and non-financial goals. The 2004
          financial goals included top-line growth, growth in earnings per share, and
          improvement in return on invested capital. The non-financial goals for 2004
          included various qualitative and quantitative measures that are intended to
          improve the longer-term capabilities of the Company. Based on the
          Committee&#146;s assessment of 2004 performance, the named executive officers of
          the Company will each receive the following 2004 bonus payable in cash in
          February 2005: </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TD WIDTH=40% ALIGN=LEFT COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=30% COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Named Executive Officer:</U></FONT></TD>
     <TD WIDTH=30% COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Amount of 2004 Cash Bonus:</U></FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=40% ALIGN=LEFT COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=30% ALIGN=LEFT COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=40% ALIGN=LEFT COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=30% ALIGN=LEFT COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Thomas J. Falk</FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;2,386,500</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=40% ALIGN=LEFT COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=30% ALIGN=LEFT COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Robert E. Abernathy</FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;  703,000</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=40% ALIGN=LEFT COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=30% ALIGN=LEFT COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Steven R. Kalmanson</FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;  762,200</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=40% ALIGN=LEFT COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=30% ALIGN=LEFT COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>W. Dudley Lehman</FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;  673,400</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=40% ALIGN=LEFT COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=30% ALIGN=LEFT COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Robert P. van der Merwe</FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;  688,200</FONT></TD></TR>

</TABLE>
<BR>
<BR>
<BR>
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<!-- MARKER FORMAT-SHEET="Head Center Underline" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>SIGNATURE</U> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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. </FONT></P>

<p align="center"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KIMBERLY-CLARK CORPORATION</font></p><table cellpadding="0" cellspacing="0" width="100%"><tr>
<td valign="top" width="50%"><font face="Times New Roman" size="2">Date: January 31, 2005</font></td>
<td width="50%"><font face="Times New Roman" size="2">By:</font><u><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;&nbsp;M<small>ARK&nbsp;&nbsp;</small>A.&nbsp;B<small>UTHMAN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</small></font></u>
<p><font face="Times New Roman">Mark&nbsp;A. Buthman<br>Senior Vice President and<br>
Chief Financial Officer</font></p>
</td>
</tr>
</table>
<p Style='page-break-before:always'>

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</BODY>
</HTML>
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{"company-data": {"conformed-name": "KIMBERLY CLARK CORP", "cik": "0000055785", "assigned-sic": "2670", "irs-number": "390394230", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-00225", "film-number": "05576412"}, "business-address": {"street1": "P O BOX 619100", "street2": "DFW AIRPORT STATION", "city": "DALLAS", "state": "TX", "zip": "75261-9100", "phone": "9722811200"}, "mail-address": {"street1": "351 PHELPS DRIVE", "city": "IRVING", "state": "TX", "zip": "75038"}}
8-K EDGAR Filing
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:  
January 31, 2005
(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
of
incorporation)
(Commission File
Number)
(I.R.S. Employer
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)
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2):
[ ]  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))
Item 1.01         
Entry into a Material Agreement
1.
On January 31, 2005, the Compensation Committee (the "Committee") of
          the Board of Directors of Kimberly-Clark Corporation (the "Company")
          established objectives for 2005 bonuses payable in 2006 to the executive
          officers of the Company under the Company's Executive Officer Achievement
          Award Plan (the "Plan"). The Plan was approved by the Company's
          stockholders on April 25, 2002, and filed as Exhibit 10(d) to the Company's
          Annual Report on Form 10-K for the year ended December 31, 2002.
2005 bonus awards under the Plan will be based on the Committee's judgment regarding the
          Corporation's and the executive officer's performance in 2005 against the
          objectives. The corporate objectives include both financial and non-financial goals. The
          financial goals for 2005 include growth in net sales, growth in earnings per share and
          improvement in return on invested capital. Non-financial goals for 2005 include various
          qualitative and quantitative measures which are intended to further align compensation
          with achieving the Company's Global Business Plan. The non-financial goals vary by
          executive officer depending on their areas of responsibilities. Depending on actual
          performance in 2005 against the financial and non-financial goals, 2005 bonus awards could
          range from zero to 240 percent of each executive officer's target bonus. In no event,
          will any executive officer's actual bonus exceed 0.3% of the Company's 2005
          earnings before unusual items.
2.
On January 31, 2005, the Committee also determined the amount of bonuses payable
          for 2004 performance to the executive officers of the Company under the Plan.
          The performance objectives for 2004 bonuses were established by the Committee in
          January 2004 and included both financial and non-financial goals. The 2004
          financial goals included top-line growth, growth in earnings per share, and
          improvement in return on invested capital. The non-financial goals for 2004
          included various qualitative and quantitative measures that are intended to
          improve the longer-term capabilities of the Company. Based on the
          Committee's assessment of 2004 performance, the named executive officers of
          the Company will each receive the following 2004 bonus payable in cash in
          February 2005:
Named Executive Officer:
Amount of 2004 Cash Bonus:
Thomas J. Falk
$ 2,386,500
Robert E. Abernathy
$    703,000
Steven R. Kalmanson
$    762,200
W. Dudley Lehman
$    673,400
Robert P. van der Merwe
$    688,200
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.
KIMBERLY-CLARK CORPORATION
Date: January 31, 2005
By:
/s/    M
ARK
A. B
UTHMAN
Mark A. Buthman
Senior Vice President and
Chief Financial Officer