01—Abstract
Summary
Summary of the 8-K filed June 14, 2024. Cited figures are marked; the original filing is the authoritative source.
Keurig Dr Pepper Inc. filed this Form 8-K to report the results of its Annual Meeting of Stockholders, held virtually on June 10, 2024.
Stockholders elected all 11 director nominees to one-year terms. Timothy Cofer, Robert Gamgort, Oray Boston, Joachim Creus, Olivier Goudet, Juliette Hickman, Paul Michaels, Pamela Patsley, Lubomira Rochet, Debra Sandler and Robert Singer each received more "For" votes than "Against" votes, with Paul Michaels drawing the most "Against" votes at 119,112,673. Stockholders also approved, on an advisory basis, the company's executive compensation, with 1,024,149,795 votes for and 182,577,841 against.
They ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, with 1,237,561,203 votes for and 2,353,525 against. A stockholder proposal requesting additional reporting on single-use plastic packaging was not approved, receiving 107,014,768 votes for and 1,091,581,492 against.
02—Key points
Key Highlights
- Annual Meeting held virtually on June 10, 2024, at www.virtualshareholdermeeting.com/KDP2024.
- All 11 director nominees were elected to one-year terms, each with more "For" than "Against" votes.
- Advisory say-on-pay resolution approved: 1,024,149,795 For versus 182,577,841 Against.
- Deloitte & Touche LLP ratified as independent registered public accounting firm for fiscal year ending December 31, 2024: 1,237,561,203 For versus 2,353,525 Against.
- Stockholder proposal on additional reporting on single-use plastic packaging was not approved: 107,014,768 For versus 1,091,581,492 Against.
- Broker non-votes of 33,053,365 were reported on the director election, advisory compensation and plastic packaging proposals.
03—Questions
Frequently Asked Questions
When and how was the Annual Meeting held?
The Annual Meeting was held via the internet on June 10, 2024, at www.virtualshareholdermeeting.com/KDP2024.
Who was elected to the board?
Stockholders elected Timothy Cofer, Robert Gamgort, Oray Boston, Joachim Creus, Olivier Goudet, Juliette Hickman, Paul Michaels, Pamela Patsley, Lubomira Rochet, Debra Sandler and Robert Singer to hold office for a one-year term and until their successors are duly elected and qualified.
Did stockholders approve executive compensation?
Yes. The advisory resolution on executive compensation was approved, with 1,024,149,795 votes For, 182,577,841 Against, 1,448,271 Abstentions and 33,053,365 Broker Non-Votes.
Which auditor did stockholders ratify?
Stockholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, with 1,237,561,203 votes For, 2,353,525 Against and 1,314,544 Abstentions.
What happened to the stockholder proposal on plastic packaging?
The proposal requesting additional reporting on single-use plastic packaging was not approved. It received 107,014,768 votes For, 1,091,581,492 Against, 9,579,647 Abstentions and 33,053,365 Broker Non-Votes.
04—Continue