PepsiCo Files 8-K: Director Changes, Shareholder Votes, Financials
Ticker: PEP · Form: 8-K · Filed: May 3, 2024 · CIK: 77476
| Field | Detail |
|---|---|
| Company | Pepsico Inc (PEP) |
| Form Type | 8-K |
| Filed Date | May 3, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, financial-reporting
Related Tickers: PEP
TL;DR
PepsiCo's 8-K shows director changes, executive comp updates, and shareholder votes are happening.
AI Summary
PepsiCo, Inc. filed an 8-K on May 3, 2024, reporting on several key events. These include the departure of a director, the election of new directors, and updates to executive compensatory arrangements. The filing also covers the submission of matters to a vote of security holders and the filing of financial statements and exhibits.
Why It Matters
This filing provides crucial updates on corporate governance and executive compensation, which can impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and financial reporting, with no immediate indication of significant financial distress or operational disruption.
Key Players & Entities
- PEPSICO INC (company) — Filer
- 700 ANDERSON HILL RD (location) — Business Address
- PURCHASE (location) — City
- NY (location) — State
- 10577 (location) — ZIP Code
FAQ
Who has departed from PepsiCo's board of directors?
The filing indicates the departure of a director, but the specific name is not detailed in the provided text.
Were there any new directors elected to PepsiCo's board?
Yes, the filing states that there was an election of directors.
What other items were submitted to a vote of security holders?
The filing mentions the submission of matters to a vote of security holders, but the specific matters are not detailed in the provided text.
What financial information is being filed?
The filing includes financial statements and exhibits.
When was this 8-K filing submitted?
This 8-K filing was submitted on May 3, 2024.
Filing Stats: 1,140 words · 5 min read · ~4 pages · Grade level 11.3 · Accepted 2024-05-03 16:22:18
Filing Documents
- pep-20240501.htm (8-K) — 101KB
- 0000077476-24-000026.txt ( ) — 342KB
- pep-20240501.xsd (EX-101.SCH) — 5KB
- pep-20240501_def.xml (EX-101.DEF) — 21KB
- pep-20240501_lab.xml (EX-101.LAB) — 42KB
- pep-20240501_pre.xml (EX-101.PRE) — 22KB
- pep-20240501_htm.xml (XML) — 12KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. PepsiCo, Inc. held its 2024 Annual Meeting of Shareholders on May 1, 2024. For more information on the following proposals, see PepsiCo's 2024 Proxy Statement. 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 992,587,294 5,844,363 3,290,130 180,213,992 Jennifer Bailey 994,399,501 4,293,659 3,028,627 180,213,992 Cesar Conde 953,874,248 44,579,459 3,268,080 180,213,992 Ian Cook 953,553,268 44,954,817 3,213,702 180,213,992 Edith W. Cooper 992,624,109 6,028,107 3,069,571 180,213,992 Susan M. Diamond 992,923,590 5,712,787 3,085,410 180,213,992 Dina Dublon 959,868,064 38,761,955 3,091,768 180,213,992 Michelle Gass 993,493,679 5,104,039 3,124,069 180,213,992 Ramon L. Laguarta 924,777,433 69,970,707 6,973,647 180,213,992 Dave J. Lewis 993,610,225 4,916,597 3,194,965 180,213,992 David C. Page, MD 981,671,677 16,776,735 3,273,375 180,213,992 Robert C. Pohlad 961,311,025 37,291,829 3,118,933 180,213,992 Daniel Vasella, MD 946,402,520 52,026,331 3,292,936 180,213,992 Darren Walker 979,013,353 19,436,522 3,271,912 180,213,992 Alberto Weisser 961,094,583 36,993,363 3,633,841 180,213,992 (2) The shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for PepsiCo for fiscal year 2024: For 1,105,513,902 Against 73,973,820 Abstain 2,448,057 (3) The shareholders approved, on an advisory basis, PepsiCo's executive compensation: For 889,447,400 Against 102,710,531 Abstain 9,563,856 Broker Non-Votes 180,213,992 (4) The shareholders approved the Amended and Restated PepsiCo, Inc. Long-Term Incentive Plan: For 942,110,924 Against 50,972,522 Abstain 8,638,341 Broker Non-Votes 180,213,992 (5) The shareholders voted against a shareholder proposal regarding shareholder ratification of excessive golden parachutes: For 65,4
01. Financial Statements Exhibits
Item 9.01. Financial Statements Exhibits. (d) Exhibits Exhibit No. Description 10.1 PepsiCo, Inc. Long-Term Incentive Plan (as amended and restated May 1, 2024), which is incorporated herein by reference to Appendix B to PepsiCo's Proxy Statement for its 2024 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission on March 22, 2024. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
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 3, 2024 By: /s/ Cynthia A. Nastanski Name: Cynthia A. Nastanski Title: Senior Vice President, Corporate Law and Deputy Corporate Secretary