8-KThe WireRed Alert
Executive Change
Filed Aug 23, 2022 · 3y ago · Accession 0001552781-22-000543
Plain English
Material event — a significant development the company must disclose promptly.
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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):
August 23, 2022
( August 17, 2022 )
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
0.400% Notes Due 2030
KO30B
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
0.950% Notes Due 2036
KO36A
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 August 23, 2022, The Coca-Cola Company (the “Company”) announced
that Alfredo Rivera, President, North America Operating Unit, will be departing the Company. On December 31, 2022, Mr. Rivera will step
down from his position as President, North America Operating Unit, and he will continue with the Company as a senior advisor until March
31, 2023.
On August 20, 2022, the Company and
Mr. Rivera entered into a Separation Agreement detailing the terms of his departure. The Separation Agreement provides that Mr. Rivera
will receive severance benefits under the terms of The Coca-Cola Company Severance Pay Plan. With respect to annual incentives, if Mr.
Rivera remains employed through December 31, 2022, he will be eligible for an annual incentive award for 2022, and if he remains employed
through March 31, 2023, he will be eligible for an annual incentive award for 2023, prorated for three months. With respect to long-term
incentives, Mr. Rivera will not receive any additional equity grants and all of Mr. Rivera’s outstanding performance share unit
awards and stock option awards will be treated according to the existing terms of the equity plans and related agreements. Mr. Rivera’s
retirement benefits will consist of those benefits accrued and vested under the standard terms and conditions of the plans in which he
participates, including health and welfare coverage. The foregoing description is qualified in its entirety by the Separation Agreement
for Mr. Rivera, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
A copy of the Company’s press release announcing the departure of
Mr. Rivera is furnished to this report as Exhibit 99.1.
Item 9.01(d).
Financial Statements and Exhibits.
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 10.1
Separation Agreement and Full and Complete Release and Agreement on Trade Secrets and Confidentiality between The Coca-Cola Company and Alfredo Rivera, dated August 20, 2022.
Exhibit 99.1
Press Release of The Coca-Cola Company, dated August 23, 2022.
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: August 23,
2022
By:
/s/ Monica Howard Douglas
Monica Howard Douglas
Senior Vice President and General Counsel
Filing details
- Company
- COCA COLA CO
- Ticker
- KO
- CIK
- 21344
- Form type
- 8-K
- Filing date
- Aug 23, 2022
- Report date
- Aug 17, 2022
- Document
- e22401_ko-8k.htm
- Size
- 497 KB