8-KThe WireRed Alert
Executive Change · Company Update
Filed Apr 21, 2021 · 5y ago · Accession 0001552781-21-000235
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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)
April 21, 2021 ( April
20, 2021 )
COCA
COLA CO
(Exact name of Registrant as specified
in its charter)
Delaware
001-02217
58-0628465
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
One Coca-Cola Plaza
30313
Atlanta , Georgia
(Zip Code)
(Address of principal executive offices)
Registrant’s
telephone number, including area code: (404) 676-2121
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:
o
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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 Act:
Title of each class
Trading Symbol(s)
Name of each exchange
on which registered
Common Stock, $0.25 Par Value
KO
New York Stock Exchange
0.500% Notes Due 2024
KO24
New York Stock Exchange
1.875% Notes Due 2026
KO26
New York Stock Exchange
0.750% Notes Due 2026
KO26C
New York Stock Exchange
1.125% Notes Due 2027
KO27
New York Stock Exchange
0.125% Notes Due 2029
KO29A
New York Stock Exchange
0.125% Notes Due 2029
KO29B
New York Stock Exchange
1.250% Notes Due 2031
KO31
New York Stock Exchange
0.375% Notes Due 2033
KO33
New York Stock Exchange
0.500% Notes Due 2033
KO33A
New York Stock Exchange
1.625% Notes Due 2035
KO35
New York Stock Exchange
1.100% Notes Due 2036
KO36
New York Stock Exchange
0.800% Notes Due 2040
KO40B
New York Stock Exchange
1.000% Notes Due 2041
KO41
New York Stock Exchange
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 o
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. o
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 21, 2021, The Coca-Cola Company (the “Company”)
announced that on April 20, 2021, Bradley M. Gayton, Senior Vice President and Global General Counsel, has been appointed to serve as
Strategic Consultant to the Chairman and Chief Executive Officer of the Company, effective as of April 20, 2021 and ending April 30,
2022. In connection with the foregoing, Mr. Gayton has resigned his employment with the Company and entered into a consulting agreement
with the Company. Under the consulting agreement, Mr. Gayton will receive (i) a lump sum sign-on make-whole payment in the amount of
$4,000,000 upon signing of the consulting agreement, (ii) a waiver of the repayment obligations of certain benefits paid to Mr. Gayton
under his original employment letter agreement dated July 15, 2020, and (iii) a consulting fee of $666,666.67, paid monthly beginning
May 2021 through April 2022, in each case subject to Mr. Gayton’s continued compliance with certain restrictive covenants contained
in the consulting agreement that are similar to those to which he was bound as an employee under the Company’s equity incentive
award agreements. The foregoing description is qualified in its entirety by the Consulting Agreement for Mr. Gayton, a copy of which
is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 8.01. Other Events.
The Company’s April 21, 2021 press release announcing the resignation
and consultancy of Mr. Gayton is attached hereto as Exhibit 99.1. The information contained in Exhibit 99.1 is intended to be furnished
and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange
Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933 or the Exchange Act.
Item 9.01.
Financial Statements and Exhibits
(d)
Exhibits
10.1
Consulting Agreement between The Coca-Cola Company and Bradley M. Gayton, dated April 20, 2021.
99.1
Press Release of The Coca-Cola Company, dated April 21, 2021.
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 hereunto duly authorized.
THE COCA-COLA COMPANY
(REGISTRANT)
Date: April 21,
2021
By:
/s/ John Murphy
John Murphy
Executive Vice President and Chief Financial Officer
Filing details
- Company
- COCA COLA CO
- Ticker
- KO
- CIK
- 21344
- Form type
- 8-K
- Filing date
- Apr 21, 2021
- Report date
- Apr 20, 2021
- Document
- e21249_ko-8k.htm
- Size
- 522 KB