Keurig Dr Pepper Inc 8-K, filed Mar 9, 2021
Keurig Dr Pepper Inc. (KDP)
8-K
2021-03-09
For: 2021-03-05
View Original
Added on
April 11, 2026
About this 8-K
Keurig Dr Pepper Inc filed this 8-K on March 9, 2021, reporting on events of March 5, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
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): March 5, 2021
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
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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. below):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On March 5, 2021, the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) appointed Debra Sandler as an independent member of the Board, effective immediately. Ms. Sandler will serve for an initial term to expire concurrently with the terms of the other members of the Board at the Company’s 2021 annual meeting of stockholders, or until her earlier death, resignation or removal. Additionally, Ms. Sandler was appointed to the Board’s Remuneration and Nomination Committee.
There are no arrangements or understandings between Ms. Sandler and any other persons pursuant to which Ms. Sandler was appointed as a director and Ms. Sandler is not a party to any transaction with the Company reportable under Item 404(a) of Regulation S-K under the Securities Act of 1933. Ms. Sandler will participate in the compensation arrangements for non-employee directors as described in the Company’s 2020 proxy statement filed with the SEC on April 29, 2020.
A copy of the Company’s press release announcing the director appointment is attached as Exhibit 99.1 to this Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| Press Release - "Keurig Dr Pepper Announces Appointment of New Director to its Board" | ||||||||
| 104 | Cover Page Interactive Data File, formatted in Inline XBRL and included as Exhibit 101 | |||||||
SIGNATURES
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.
| KEURIG DR PEPPER INC. | ||||||||||||||
| Dated: March 9, 2021 | ||||||||||||||
| By: | /s/ James L. Baldwin | |||||||||||||
| Name: | James L. Baldwin | |||||||||||||
| Title: | Chief Legal Officer, General Counsel and Secretary | |||||||||||||
Exhibit 99.1
Keurig Dr Pepper Announces Appointment of New Director to its Board
BURLINGTON, MA and PLANO, TX (March 9, 2021) – Keurig Dr Pepper Inc. (NASDAQ: KDP) announced today that Debra Sandler, an accomplished executive and entrepreneur, has been appointed a director of the Company’s Board of Directors, effective March 5, 2021.
Sandler has spent nearly 35 years in the consumer and healthcare industries, with experience that spans executive leadership roles at leading global companies as well as start-ups. She is currently the founder and CEO of Mavis Foods, LLC and, prior to that, she was at Mars, Inc., holding several executive positions, including Chief Consumer Officer, President of Mars Chocolate North America and Chief Health and Wellbeing Officer. Prior to Mars, Sandler was with Johnson & Johnson, most recently as Worldwide President of McNeil Nutritionals LLC, a fully integrated business unit within J&J, and also led the J&J Women’s Leadership Initiative as Co-Chairperson during her 10-year tenure with the firm. Sandler began her career in 1985 with PepsiCo, Inc., where she served for 13 years in a variety of marketing positions of increasing responsibility.
Sandler is a much sought-after speaker on Health and Wellbeing, Diversity and Inclusion and Business Development within the broader CPG industry. She is currently a member of the Board of Directors at Archer Daniels Midland Inc., Dollar General Corporation and Gannett Co., Inc. Sandler is also a member of the Board of Advisors for Pharmavite, LLC, a wholly owned subsidy of Otsuka Pharmaceuticals, and serves as a trustee for her alma mater, Hofstra University. She holds an undergraduate degree in International Business from Hofstra University, a Master’s in Business Administration from New York University’s Stern School of Business, and an Honorary PhD from the Long Island University School of Pharmacy.
KDP Chairman and CEO Bob Gamgort stated, “We are pleased to welcome Debra as the newest member of our Board. She is a highly-accomplished executive, and her broad experience and perspective make her a valuable addition to KDP. I look forward to her partnership on our Board.”
KDP Contacts
Tyson Seely (Investors)
T: 781-418-3352 / tyson.seely@kdrp.com
Steve Alexander (Investors)
T: 972-673-6769 / steve.alexander@kdrp.com
Katie Gilroy (Media)
T: 781-418-3345 / katie.gilroy@kdrp.com
About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of $11 billion and nearly 27,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. The Company’s portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop®. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company is committed to sourcing, producing and distributing its beverages responsibly through its Drink Well. Do Good. corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability.