PepsiCo Inc. Files Definitive Proxy Statement

Ticker: PEP · Form: DEF 14A · Filed: Mar 22, 2024 · CIK: 77476

Pepsico Inc DEF 14A Filing Summary
FieldDetail
CompanyPepsico Inc (PEP)
Form TypeDEF 14A
Filed DateMar 22, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$47.4 million, $9.1 Billion, $7.7 Billion
Sentimentneutral

Sentiment: neutral

Topics: PepsiCo, DEF 14A, Proxy Statement, Executive Compensation, Shareholder Meeting

TL;DR

<b>PepsiCo Inc. has filed its Definitive Proxy Statement for the period ending May 1, 2024, detailing executive compensation and shareholder information.</b>

AI Summary

PEPSICO INC (PEP) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. PepsiCo Inc. filed a Definitive Proxy Statement (DEF 14A) on March 22, 2024. The filing covers the period ending May 1, 2024. PepsiCo Inc. is incorporated in North Carolina and has its fiscal year end on December 28. The company's principal executive offices are located at 700 Anderson Hill Road, Purchase, NY 10577. The filing includes detailed information regarding executive compensation and shareholder matters for the fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking PEPSICO INC, this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and make informed voting decisions on proposals presented at the annual meeting. As a DEF 14A, it provides detailed disclosures required by the SEC, offering transparency into the company's governance and financial reporting.

Risk Assessment

Risk Level: low — PEPSICO INC shows low risk based on this filing. The filing is a standard DEF 14A, which is routine for public companies and does not contain immediate financial performance data or significant new risks.

Analyst Insight

Shareholders should review the executive compensation details and any proposed resolutions to make informed voting decisions.

Key Numbers

  • 2024-03-22 — Filing Date (2024-03-22)
  • 2024-05-01 — Period of Report (2024-05-01)
  • 2023-12-31 — Fiscal Year End (2023-12-31)
  • 2021-01-01 — Historical Data Start (2021-01-01)
  • 2022-01-01 — Historical Data Start (2022-01-01)
  • 2023-01-01 — Historical Data Start (2023-01-01)

Key Players & Entities

  • PEPSICO INC (company) — FILER
  • 0000077476 (company) — CENTRAL INDEX KEY
  • 2024-03-22T00:00:00.000Z (date) — FILED AS OF DATE
  • 2024-05-01 (date) — CONFORMED PERIOD OF REPORT
  • 700 ANDERSON HILL RD (address) — BUSINESS ADDRESS
  • PURCHASE (location) — CITY
  • NY (location) — STATE
  • 10577 (postal_code) — ZIP

FAQ

When did PEPSICO INC file this DEF 14A?

PEPSICO INC filed this Proxy Statement (DEF 14A) with the SEC on March 22, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by PEPSICO INC (PEP).

Where can I read the original DEF 14A filing from PEPSICO INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by PEPSICO INC.

What are the key takeaways from PEPSICO INC's DEF 14A?

PEPSICO INC filed this DEF 14A on March 22, 2024. Key takeaways: PepsiCo Inc. filed a Definitive Proxy Statement (DEF 14A) on March 22, 2024.. The filing covers the period ending May 1, 2024.. PepsiCo Inc. is incorporated in North Carolina and has its fiscal year end on December 28..

Is PEPSICO INC a risky investment based on this filing?

Based on this DEF 14A, PEPSICO INC presents a relatively low-risk profile. The filing is a standard DEF 14A, which is routine for public companies and does not contain immediate financial performance data or significant new risks.

What should investors do after reading PEPSICO INC's DEF 14A?

Shareholders should review the executive compensation details and any proposed resolutions to make informed voting decisions. The overall sentiment from this filing is neutral.

How does PEPSICO INC compare to its industry peers?

PepsiCo Inc. operates in the food and beverage industry, a sector characterized by strong brand loyalty, extensive distribution networks, and significant competition.

Are there regulatory concerns for PEPSICO INC?

As a publicly traded company, PepsiCo Inc. is subject to the regulations of the Securities and Exchange Commission (SEC), including requirements for proxy statements and disclosures.

Industry Context

PepsiCo Inc. operates in the food and beverage industry, a sector characterized by strong brand loyalty, extensive distribution networks, and significant competition.

Regulatory Implications

As a publicly traded company, PepsiCo Inc. is subject to the regulations of the Securities and Exchange Commission (SEC), including requirements for proxy statements and disclosures.

What Investors Should Do

  1. Review the detailed executive compensation tables for named executive officers.
  2. Analyze any shareholder proposals and the board's recommendations.
  3. Note the dates for the upcoming shareholder meeting and proxy voting deadlines.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure. Specific comparative financial data from the previous filing is not directly available in this extract.

Filing Stats: 4,265 words · 17 min read · ~14 pages · Grade level 18.3 · Accepted 2024-03-22 16:16:13

Key Financial Figures

  • $47.4 million — ugh the PepsiCo Foundation by investing $47.4 million in more than 40 countries, helping unlo
  • $9.1 Billion — Returned to Shareholders 9.5% 14% $9.1 Billion -3.3% $7.7 Billion Noteworthy acc
  • $7.7 Billion — s 9.5% 14% $9.1 Billion -3.3% $7.7 Billion Noteworthy accomplishments in 2023 th

Filing Documents

Executive Compensation

Executive Compensation 50 Compensation Discussion and Analysis 50 2023 Summary Compensation Table 68 2023 Grants of Plan-Based Awards 70 2023 Outstanding Equity Awards at Fiscal Year-End 71 2023 Option Exercises and Stock Vested 72 2023 Retirement Benefits 73 2023 Non-Qualified Deferred Compensation 77 Potential Payments on Termination or Change in Control 79 Compensation Committee Report 80 CEO Pay Ratio 81 Pay Versus Performance 83 Securities Authorized for Issuance under Equity Compensation Plans 85 Approval of the Amended and Restated PepsiCo, Inc. Long-Term Incentive Plan (Proxy Item No. 4) 86 Shareholder Proposals (Proxy Item Nos. 5-12) 94 117 Information About the Annual Meeting 119 Voting Procedures 119 Attending the Annual Meeting 121 2024 Proxy Materials 121 Other Matters 123 2025 Shareholder Proposals and Director Nominations 123 Appendix A–Reconciliation of GAAP and Non-GAAP Information A-1 Appendix B–PepsiCo, Inc. Long-Term Incentive Plan B-1 This Proxy Statement of PepsiCo, Inc. (" PepsiCo ," the " Company ," " we ," " us " or " our ") contains statements reflecting our views about our future performance that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (" Reform Act "). Statements that constitute forward-looking statements within the meaning of the Reform Act are generally identified through the inclusion of words such as "aim," "anticipate," "believe," "drive," "estimate," "expect," "expressed confidence," "forecast," "future," "goal," "guidance," "intend," "may," "objective," "outlook," "plan," "position," "potential," "project," "seek," "should," "strategy," "target," "will" or similar statements or variations of such words and other similar expressions. Forward-looking statements are based on currently available information, operating plans and projec

Executive Compensation At-a-Glance

Executive Compensation At-a-Glance 2023 PepsiCo Performance Highlights PepsiCo exceeded most of its performance goals in 2023 despite the ongoing challenging macroeconomic environment and inflationary pressures. We continued our progress on accelerating growth, while improving our revenue management capabilities. Highlights of our 2023 performance include: Organic Revenue Growth [2] Core Constant Currency Earnings Per Share ("EPS") Growth [2] Free Cash Flow Excluding Certain Items [2] Total Shareholder Return ("TSR") Cash Returned to Shareholders 9.5% 14% $9.1 Billion -3.3% $7.7 Billion Noteworthy accomplishments in 2023 that foster sustainable shareholder value include: Significant progress towards initiatives related to pep+, our strategic end-to-end transformation agenda with sustainability and human capital at the center of how we plan to create growth and shared value over the long-term Continued investments in digital capabilities to strengthen all areas of the business Broadening of holistic cost management initiatives to drive greater supply chain and distribution efficiencies, identify key areas for improvement throughout our value chain, and accelerate our Global Business Services model to further reduce general and administrative expenses We continued to deliver on our Faster, Stronger and Better aspirations to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ . FASTER STRONGER BETTER Execution: Remained consumer-centric by focusing on driving our iconic brands, accelerating portfolio transformation, delivering results through our geographic growth model, and achieving strong performance in high-growth channels Data Analytics: Leveraged analytics and data-driven capabilities to enable faster decision making, optimize our go-to-market distribution, and improve in-store execution Digital Transformation: Accelerated our digital strategy by expanding the deployment of critical digit

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