Coca-Cola Consolidated Reports Officer Compensation, Director Changes

TL;DR

**COKE just filed an 8-K about executive compensation and potential board changes, keep an eye on leadership shifts!**

AI Summary

Coca-Cola Consolidated, Inc. filed an 8-K on February 22, 2024, reporting an event that occurred on February 20, 2024. The filing pertains to changes in compensatory arrangements for certain officers, as well as potential departures or elections of directors or officers. The company, headquartered in Charlotte, NC, operates under the ticker symbol COKE.

Why It Matters

Changes in executive compensation and board composition can signal shifts in company strategy or performance, impacting investor confidence and future operational direction.

Risk Assessment

Risk Level: medium — Changes in executive compensation and officer/director roles can introduce uncertainty regarding future leadership and strategic direction.

Key Players & Entities

• Coca-Cola Consolidated, Inc. (company) — Registrant
• February 20, 2024 (date) — Date of earliest event reported
• February 22, 2024 (date) — Filing date
• Charlotte, NC (company) — Principal executive offices location

FAQ

From the Filing

0001193125-24-042853.txt : 20240222 0001193125-24-042853.hdr.sgml : 20240222 20240222161908 ACCESSION NUMBER: 0001193125-24-042853 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240220 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Coca-Cola Consolidated, Inc. CENTRAL INDEX KEY: 0000317540 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 560950585 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09286 FILM NUMBER: 24665097 BUSINESS ADDRESS: STREET 1: 4100 COCA COLA PLZ CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 9803928298 MAIL ADDRESS: STREET 1: 4100 COCA COLA PLZ CITY: CHARLOTTE STATE: NC ZIP: 28211 FORMER COMPANY: FORMER CONFORMED NAME: COCA COLA BOTTLING CO CONSOLIDATED /DE/ DATE OF NAME CHANGE: 19920703 8-K 1 d765405d8k.htm 8-K 8-K false 0000317540 0000317540 2024-02-20 2024-02-20     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): February 20, 2024     COCA-COLA CONSOLIDATED, INC. (Exact name of registrant as specified in its charter)       Delaware   0-9286   56-0950585 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   4100 Coca-Cola Plaza Charlotte , NC     28211 (Address of principal executive offices)     (Zip Code) Registrant’s telephone number, including area code: (980) 392-8298     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 Common Stock, par value $1.00 per share   COKE   The Nasdaq Global Select Market 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. (e) On February 20, 2024, the Compensation Committee of the Board of Directors of Coca-Cola Consolidated, Inc. (the “Company”) approved achievement recognition award cash payments to J. Frank Harrison, III, F. Scott Anthony, David M. Katz, Robert G. Chambless and E. Beauregarde Fisher III in the amounts of $4,250,000, $350,000, $1,000,000, $350,000 and $350,000, respectively. The achievement recogn