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i53 South Avenue, iBurlington,
iMassachusettsi01803
(Address of principal executive offices, including zip code)
i781-i418-7000
(Registrant’s telephone number including area code)
Not Applicable
(Former name or former address if changed since last report)
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 (see General Instruction A.2. below):
i☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i☐ Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-14(c))
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 i☐
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
iCommon
stock
iKDP
iNasdaq Stock Market LLC
Item
5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 30, 2021, Keurig Dr Pepper Inc. (the “Company”) announced the appointment of Tony Milikin to the position of Chief Supply Chain Officer, to be effective September 7, 2021.
Fernando Cortes, the Company’s current Chief Supply Chain Officer and a named executive officer in the Company’s 2021 Proxy Statement, will depart the Company effective October 1, 2021.
In accordance with the Company’s Severance Pay Plan for Executives as described in the Company’s 2021 Proxy Statement, Mr. Cortes is entitled to receive severance benefits consistent with an involuntary termination. In recognition of his contributions to the Company and leadership of supply chain integration since the 2018 merger that combined the business operations of Keurig Green Mountain, Inc. and Dr Pepper Snapple Group, Inc., the Remuneration and Nominating Committee of the Company’s Board of Directors has also approved a $3,500,000 Leadership Integration Bonus to be paid to Mr. Cortes in connection with his separation.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
104
Cover
Page Interactive Data File, formatted in Inline XBRL and included as Exhibit 101
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.