Coca Cola Co 8-K, filed Dec 20, 2021
Coca Cola Co (KO)
About this 8-K
Coca Cola Co filed this 8-K on December 20, 2021, reporting on events of December 17, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
December 20, 2021 (
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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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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 17, 2021, the Board of Directors of The Coca-Cola Company (the “Company”) increased the size of the Board to 12 members and elected Herbert A. Allen III as a Director of the Company. Mr. Allen was appointed to the Finance Committee, effective immediately following his election.
Mr. Allen will participate in The Coca-Cola Company Directors’ Plan, effective January 1, 2020 (the “Compensation Plan”), pursuant to which in 2021 he will be entitled to a prorated portion of the annual compensation paid to outside directors, consisting of $90,000 to be paid in quarterly installments in cash and $200,000 to be paid in deferred share units. The Compensation Plan is described further starting on page 36 of the Company’s proxy statement for its 2021 Annual Meeting of Shareowners filed with the Securities and Exchange Commission on March 4, 2021.
There are no transactions in which Mr. Allen has an interest requiring disclosure under Item 404(a) of Regulation S-K. There is no arrangement or understanding between Mr. Allen and any other persons pursuant to which he was selected as a director.
A copy of the Company’s press release announcing the election of Mr. Allen to the Board is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01(d). | Financial Statements and Exhibits. |
EXHIBIT INDEX
| Exhibit No. | Description | |
| Exhibit 99.1 | Press Release of The Coca-Cola Company, dated December 20, 2021 | |
| Exhibit 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document). |
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, thereunto duly authorized.
| THE COCA-COLA COMPANY | ||
| (REGISTRANT) | ||
| Date: December 20, 2021 | By: | /s/ Monica Howard Douglas |
| Monica Howard Douglas | ||
| Senior Vice President and Global General Counsel | ||
Exhibit 99.1
 |
News Release |
Herbert A. Allen III Elected to Board of Directors of The Coca-Cola Company
ATLANTA, Dec. 20, 2021 – The Coca-Cola Company today announced that Herbert A. Allen III, president of Allen & Co. LLC, has been elected as a director.
Allen, 54, is the son of Herbert A. Allen Jr., who retired from the Coca-Cola board earlier this year after 39 years of service. Allen has served as president of Allen & Co. for nearly two decades. Allen & Co. is a privately held investment firm based in New York, focused on the media, entertainment, technology and other innovative industries.
“Allen & Co. has a longstanding relationship with The Coca-Cola Company, and Herb Allen will bring deep knowledge and valuable perspective to our board,” said James Quincey, Chairman and CEO of The Coca-Cola Company.
Allen has been president of Allen & Co. since 2002. He has supervised all business operations, including financial advisory and investment banking services to public and private companies. He also supervises the firm’s principal financial and accounting officers. Prior to Allen & Co., Allen held positions with T. Rowe Price and Botts & Co. Ltd. Allen is a graduate of Yale University and lives in New York.
Allen currently serves as an alternate director for Coca-Cola FEMSA and Grupo Televisa. He is an advisory board member for the Stanford Center on Philanthropy and Civil Society and the Center for a New Economy.
Allen’s appointment, effective Dec. 17, brings the Coca-Cola board to 12 directors. Allen will stand for reelection at the company’s annual meeting in April 2022.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite and Fanta. Our hydration, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak, Honest and Ayataka. Our nutrition, juice, dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Twitter, Instagram, Facebook and LinkedIn.
Contacts:
Investors and Analysts: Tim Leveridge, koinvestorrelations@coca-cola.com
Media: Scott Leith, sleith@coca-cola.com