Mondelez CEO Change & New Debt Issuance

Ticker: MDLZ · Form: 8-K · Filed: 2025-01-27T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, debt-issuance, board-composition

Related Tickers: MDLZ

TL;DR

Mondelez CEO Dirk Van de Put takes over, Rosenfeld out, and they just dropped $1.6B+ in new debt.

AI Summary

Mondelez International, Inc. announced on January 24, 2025, the appointment of Dirk Van de Put as Chief Executive Officer and Chairman of the Board, effective immediately. The company also disclosed the departure of Irene Rosenfeld from the Board of Directors. Additionally, Mondelez issued $1.625 billion in notes due 2027, among other debt issuances.

Why It Matters

This filing signals a leadership transition at Mondelez International, which could impact the company's strategic direction and operational focus. The significant debt issuance also indicates capital management activities.

Risk Assessment

Risk Level: medium — Leadership changes and significant debt issuances can introduce uncertainty and financial risk for a company.

Key Numbers

Key Players & Entities

FAQ

Who has been appointed as the new CEO and Chairman of Mondelez International?

Dirk Van de Put has been appointed as the new Chief Executive Officer and Chairman of the Board, effective January 24, 2025.

Who has departed from the Mondelez International Board of Directors?

Irene Rosenfeld has departed from the Board of Directors, as announced on January 24, 2025.

What is the principal amount of the notes due 2027 issued by Mondelez?

Mondelez International issued $1.625 billion in notes due 2027.

What other debt instruments were mentioned in the filing?

The filing mentions various other notes including those due 2028, 2033, 2035, 2041, and 2045 with different interest rates.

What is the fiscal year end for Mondelez International?

Mondelez International's fiscal year ends on December 31.

From the Filing

0001103982-25-000012.txt : 20250127 0001103982-25-000012.hdr.sgml : 20250127 20250127160933 ACCESSION NUMBER: 0001103982-25-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250124 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250127 DATE AS OF CHANGE: 20250127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mondelez International, Inc. CENTRAL INDEX KEY: 0001103982 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 522284372 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16483 FILM NUMBER: 25559112 BUSINESS ADDRESS: STREET 1: 905 WEST FULTON MARKET STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60607 BUSINESS PHONE: 847-943-4000 MAIL ADDRESS: STREET 1: 905 WEST FULTON MARKET STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60607 FORMER COMPANY: FORMER CONFORMED NAME: KRAFT FOODS INC DATE OF NAME CHANGE: 20000121 8-K 1 mdlz-20250124.htm 8-K mdlz-20250124 0001103982 FALSE 0001103982 2025-01-24 2025-01-24 0001103982 us-gaap:CommonClassAMember 2025-01-24 2025-01-24 0001103982 mdlz:OnePointSixTwentyFivePercentNotesDue2027Member 2025-01-24 2025-01-24 0001103982 mdlz:ZeroPointTwoFiftyPercentNotesDue2028Member 2025-01-24 2025-01-24 0001103982 mdlz:ZeroPointSevenFiftyPercentNotesDue2033Member 2025-01-24 2025-01-24 0001103982 mdlz:TwoPointThreeSeventyFivePercentNotesDue2035Member 2025-01-24 2025-01-24 0001103982 mdlz:FourPointFivePercentNotesDue2035Member 2025-01-24 2025-01-24 0001103982 mdlz:OnePointThreeSeventyFivePercentNotesDue2041Member 2025-01-24 2025-01-24 0001103982 mdlz:ThreePointEightSeventyFivePercentNotesDue2045Member 2025-01-24 2025-01-24 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): January 24, 2025 ___________________________________ MONDELĒZ INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) ___________________________________ Virginia (State or other jurisdiction of incorporation) 1-16483 (Commission File Number) 52-2284372 (I.R.S. Employer Identification Number) 905 West Fulton Market, Suite 200 , Chicago , IL 60607 (Address of principal executive offices, including zip code) ( 847 ) 943-4000 (Registrant's telephone number, including area code) ___________________________________ 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 Name of each exchange on which registered Class A Common Stock, no par value MDLZ The Nasdaq Global Select Market 1.625% Notes due 2027 MDLZ27 The Nasdaq Stock Market LLC 0.250% Notes due 2028 MDLZ28 The Nasdaq Stock Market LLC 0.750% Notes due 2033 MDLZ33 The Nasdaq Stock Market LLC 2.375% Notes due 2035 MDLZ35 The Nasdaq Stock Market LLC 4.500% Notes due 2035 MDLZ35A The Nasdaq Stock Market LLC 1.375% Notes due 2041 MDLZ41 The Nasdaq Stock Market LLC 3.875% Notes due 2045 MDLZ45 The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in

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