8-K

PEPSICO INC (PEP)

8-K 2025-05-09 For: 2025-05-07
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Added on April 08, 2026

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): May 7, 2025

PepsiCo, Inc.

(Exact name of registrant as specified in its charter)

North Carolina 1-1183 13-1584302
(State or other jurisdiction<br>of incorporation) (Commission<br>File Number) (IRS Employer<br>Identification No.)

700 Anderson Hill Road, Purchase, New York 10577

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: (914) 253-2000

N/A

(Former name or former address, if changed since last report)

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:

| ☐ | 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)) | | --- | --- |

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: Title of each classTrading SymbolsName of each exchange on which registeredCommon Stock, par value 1-2/3 cents per sharePEPThe Nasdaq Stock Market LLC2.625% Senior Notes Due 2026PEP26The Nasdaq Stock Market LLC0.750% Senior Notes Due 2027PEP27The Nasdaq Stock Market LLC0.875% Senior Notes Due 2028PEP28The Nasdaq Stock Market LLC0.500% Senior Notes Due 2028PEP28AThe Nasdaq Stock Market LLC3.200% Senior Notes Due 2029PEP29The Nasdaq Stock Market LLC1.125% Senior Notes Due 2031PEP31The Nasdaq Stock Market LLC0.400% Senior Notes Due 2032PEP32The Nasdaq Stock Market LLC0.750% Senior Notes Due 2033PEP33The Nasdaq Stock Market LLC3.550% Senior Notes Due 2034PEP34The Nasdaq Stock Market LLC0.875% Senior Notes Due 2039PEP39The Nasdaq Stock Market LLC1.050% Senior Notes Due 2050PEP50The Nasdaq Stock Market LLC

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).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.07. Submission of Matters to a Vote of Security Holders.

PepsiCo, Inc. (“PepsiCo”) held its 2025 Annual Meeting of Shareholders on May 7, 2025. For more information on the following proposals, see PepsiCo’s proxy statement for the 2025 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission on March 28, 2025. Below are the final voting results.

(1) The following 15 persons were elected to serve as directors of PepsiCo:

Nominee For Against Abstain Broker Non-Votes
Segun Agbaje 997,084,816 6,133,424 3,366,147 175,136,261
Jennifer Bailey 998,902,880 4,515,713 3,165,794 175,136,261
Cesar Conde 942,521,900 60,710,229 3,352,258 175,136,261
Ian Cook 960,434,436 43,384,316 2,765,635 175,136,261
Edith W. Cooper 998,937,777 4,996,549 2,650,061 175,136,261
Susan M. Diamond 998,681,181 4,749,332 3,153,874 175,136,261
Dina Dublon 958,176,375 45,833,155 2,574,857 175,136,261
Michelle Gass 998,350,647 5,018,248 3,215,492 175,136,261
Ramon L. Laguarta 919,746,560 80,092,770 6,745,057 175,136,261
Dave J. Lewis 998,640,991 5,187,989 2,755,407 175,136,261
David C. Page, MD 984,600,756 15,804,729 6,178,902 175,136,261
Robert C. Pohlad 944,200,821 59,628,054 2,755,512 175,136,261
Daniel Vasella, MD 950,671,462 53,055,825 2,857,100 175,136,261
Darren Walker 981,718,608 20,245,677 4,620,102 175,136,261
Alberto Weisser 954,913,134 47,944,475 3,726,778 175,136,261

(2) The shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for PepsiCo for fiscal year 2025:

For 1,093,424,839
Against 85,680,360
Abstain 2,615,449

(3) The shareholders approved, on an advisory basis, PepsiCo’s executive compensation:

For 866,270,459
Against 131,062,509
Abstain 9,251,419
Broker Non-Votes 175,136,261

(4) The shareholders voted against a shareholder proposal regarding a third-party assessment on non-sugar sweetener risks:

For 111,189,815
Against 875,831,227
Abstain 19,563,345
Broker Non-Votes 175,136,261

(5) The shareholders voted against a shareholder proposal regarding a third-party racial equity audit:

For 176,085,051
Against 811,996,840
Abstain 18,502,496
Broker Non-Votes 175,136,261

(6) The shareholders voted against a shareholder proposal regarding a report on risks related to biodiversity and nature loss:

For 174,760,012
Against 815,059,599
Abstain 16,764,776
Broker Non-Votes 175,136,261

(7) The shareholders voted against a shareholder proposal regarding sustainable packaging policies for plastics:

For 154,283,732
Against 835,765,524
Abstain 16,535,131
Broker Non-Votes 175,136,261

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.

PEPSICO, INC.
Date: May 9, 2025 By: /s/ Cynthia A. Nastanski
Name: Cynthia A. Nastanski
Title: Senior Vice President, Corporate Law and Deputy Corporate Secretary