PepsiCo Files 8-K: Bylaws Amended, Debt Notes Detailed

TL;DR

PepsiCo filed an 8-K on 9/20/24, amending bylaws and detailing various debt notes due between 2026-2034.

AI Summary

On September 20, 2024, PepsiCo Inc. filed an 8-K report detailing amendments to its bylaws and the filing of financial statements and exhibits. The filing also lists various debt instruments, including notes due in 2026, 2027, 2028, 2029, 2031, 2032, 2033, and 2034, with interest rates ranging from 0.4% to 3.55%.

Why It Matters

This filing provides insight into PepsiCo's corporate governance updates and its current debt structure, which can affect its financial leverage and future borrowing capacity.

Risk Assessment

Risk Level: low — The filing is routine and primarily informational, detailing corporate actions and existing debt instruments without indicating new or significant risks.

Key Numbers

• 2026-2034 — Debt Maturity Years (Range of debt note maturity dates)
• 0.4% - 3.55% — Interest Rates (Range of interest rates on various debt notes)

Key Players & Entities

• PEPSICO INC (company) — Filer
• 20240920 (date) — Filing Date
• 0000077476-24-000046 (document_id) — Accession Number
• 2.625% Notes Due 2026 (dollar_amount) — Debt Instrument
• 3.55% Notes Due 2034 (dollar_amount) — Debt Instrument

FAQ

Filing Documents

• pep-20240920.htm (8-K) — 48KB
• pepsico-ex32xseptember2020.htm (EX-3.2) — 139KB
• 0000077476-24-000046.txt ( ) — 464KB
• pep-20240920.xsd (EX-101.SCH) — 5KB
• pep-20240920_def.xml (EX-101.DEF) — 23KB
• pep-20240920_lab.xml (EX-101.LAB) — 44KB
• pep-20240920_pre.xml (EX-101.PRE) — 24KB
• pep-20240920_htm.xml (XML) — 11KB

03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On September 20, 2024, the Board of Directors (the "Board") of PepsiCo, Inc. (the "Company") approved amendments to the Company's By-Laws (the "By-Laws"). The amendments, which were effective upon adoption by the Board: address the adoption by the U.S. Securities and Exchange Commission of the "universal proxy card" rules, as set forth in Rule 14a-19 of the Securities Exchange Act of 1934, and update the requirements for shareholders to provide the Company with notice of nominations or other business to be acted on at a shareholder meeting and to solicit proxies from other shareholders (Sections 2.2, 2.6 and 2.9 of the By-Laws); and conform to provisions of the North Carolina Business Corporation Act, including with respect to meetings held by remote communications and the availability of the list of shareholders (Sections 2.1, 2.3, 2.5, 2.6, 2.7 and 2.8 of the By-Laws). Various other conforming, technical and non-substantive changes have been made throughout the By-Laws. The foregoing summary is qualified in its entirety by reference to the full text of the By-Laws, a copy of which is attached hereto as Exhibit 3.2 and incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 3.2 PepsiCo, Inc. Amended and Restated By-Laws, as of September 20, 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: September 20, 2024 By: /s/ Cynthia A. Nastanski Name: Cynthia A. Nastanski Title: Senior Vice President, Corporate Law and Deputy Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR