8-K: Current report filing
Published on August 21, 2024
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):
(Exact name of Registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
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:
| 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 Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 21, 2024, the Talent and Compensation Committee (the “Committee”) of the Board of Directors of The Coca-Cola Company (the “Company”) approved the adoption of supplement award notifications (the “Supplements”) applicable to certain 2022 and 2023 restricted stock unit agreements and performance share unit agreements granted under The Coca-Cola Company 2014 Equity Plan (the “Awards”).
The Supplements provide employees holding outstanding Awards with certain benefits in the event of the employee’s (i) involuntary termination due to a reduction in workforce, internal reorganization or job elimination (an “Involuntary Termination”) or (ii) termination in connection with the employee’s participation in a voluntary separation program sponsored by the Company or any of its subsidiaries (a “Separation” or, together with an Involuntary Termination, a “Qualifying Termination”). In the event of a Qualifying Termination, unvested performance share units and restricted stock units with a vest date within 10 months from the date of termination shall continue to vest (in the case of performance shares units, subject to satisfaction of applicable performance criteria) and all other unvested awards shall be forfeited. In connection with an Involuntary Termination, the terminated employee must sign a release of all claims and, if requested by the Company, a confidentiality and non-competition agreement, in order to receive such benefits. The Supplements align these provisions with the terms currently applicable to similar awards granted in 2024.
The foregoing description of the Supplements is qualified in its entirety by reference to the full text of the Supplements, which are filed as Exhibit 10.1 and Exhibit 10.2 hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | ||||
| 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 21, 2024 | By: | /s/ Monica Howard Douglas | ||||||
| Monica Howard Douglas Executive Vice President and Global General Counsel |
||||||||