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Keurig Dr Pepper 8-K Report, Corporate Update (Sep 1, 2026)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed September 1, 2026
Period End
August 28, 2026
Security
KDP
In the record · 2016–202610-K1210-Q338-K216

KDP filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 216 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jun ’17Jun ’17
  2. Leadership change8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Sep ’21Sep ’21
  4. Material agreement8-K · Oct ’25Oct ’25

01—Abstract

Summary

Summary of the 8-K filed September 1, 2026. Cited figures are marked; the original filing is the authoritative source.

On September 1, 2026, Keurig Dr Pepper Inc. (KDP) disclosed that, under definitive agreements dated August 28, 2026, its subsidiary Mott's LLP and affiliates will redeem all of the company's indirect equity interests in Chobani for aggregate consideration of $800 milliona, consisting of $400 million in cash at closing and a $400 million promissory note issued by Chobani to a company subsidiary that matures on December 26, 2026.

The filing also covers the sale of certain assets, including leasehold interests in two Allentown, Pennsylvania facilities, for $125 millionb. The company's press release (Exhibit 99.1) describes total pre-tax proceeds of $925 million and states that net proceeds will be used to reduce debt as KDP positions its two future businesses, Beverage Co. and Global Coffee Co. The transactions are expected to close in the third quarter of 2026, subject to customary closing conditions. Chobani will also take over the Allentown manufacturing and warehouse operations, offering employment to the site's manufacturing and warehouse employees, and will continue manufacturing certain products for KDP there under a co-manufacturing agreement for a defined period.

Delivery, customer service and other corporate employees remain with KDP. The relationship is also being expanded commercially.

KDP will continue to distribute La Colombe's ready-to-drink lattes and other Chobani-owned beverages through its direct store delivery network, including future RTD innovations, and the companies will continue their La Colombe-branded K-Cup pod licensing, manufacturing and distribution agreement in the U.S. and Canada. The forward-looking statements flag risks including closing timing, realization of expected proceeds and deleveraging, co-manufacturing transition, and potential litigation.

02—Key points

Key Highlights

  1. Agreement to redeem all of KDP's indirect equity interests in Chobani for $800 million: $400 million cash at closing plus a $400 million promissory note from Chobani maturing December 26, 2026.
  2. Separate sale of certain assets, including leasehold interests in two Allentown, Pennsylvania facilities, for $125 million.
  3. Press release cites $925 million in total pre-tax proceeds, with net proceeds intended to reduce debt.
  4. Transactions expected to close in the third quarter of 2026, subject to customary closing conditions.
  5. Chobani to offer jobs to Allentown manufacturing and warehouse employees; KDP to continue manufacturing certain products there under a co-manufacturing agreement for a defined period.
  6. Expanded commercial relationship: KDP to distribute La Colombe RTD lattes and other Chobani-owned beverages via its DSD network, and continue the La Colombe K-Cup pod agreement in the U.S. and Canada.
  7. Proceeds are tied to KDP's plans to separate into two future businesses, Beverage Co. and Global Coffee Co.

03—Questions

Frequently Asked Questions

  1. How much is KDP receiving from the Chobani transactions?

    The Chobani equity redemption is valued at $800 million, made up of $400 million in cash at closing and a $400 million promissory note from Chobani maturing December 26, 2026. The separate Allentown asset sale is for $125 million, and the press release cites $925 million in total pre-tax proceeds.

  2. When are the transactions expected to close?

    The companies expect the transactions to close in the third quarter of 2026, subject to satisfaction of customary closing conditions.

  3. What will happen to the Allentown, Pennsylvania facility and its employees?

    Chobani will acquire the Allentown manufacturing facility and warehouse and intends to offer employment to the site's manufacturing and warehouse employees. Employees in delivery, customer service and other corporate functions will remain with KDP. Chobani will continue manufacturing certain products for KDP at the site under a co-manufacturing agreement for a defined period.

  4. What will KDP do with the proceeds?

    KDP intends to use the net proceeds to reduce debt as it positions its two future businesses, Beverage Co. and Global Coffee Co., for long-term success.

  5. What risks are highlighted in the filing?

    The forward-looking statements cite risks including completion of the Chobani transactions on the anticipated timeline or at all, realization of expected proceeds, deleveraging and financial flexibility benefits, transition of the Allentown facility and co-manufacturing arrangement, the expanded Chobani distribution relationship, possible impacts on business relationships, and potential litigation.

04—Continue

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