Summary
The Coca-Cola Company filed a Form 8-K on July 13, 2004, to report a significant change in its Board of Directors. Susan Bennett King resigned from her position as a Director, effective July 12, 2004, citing health reasons. Ms. King was an active member of key board committees, including the Committee on Directors and Corporate Governance and the Compensation Committee. Her departure, while attributed to personal health, represents a change in the oversight and governance structure of the company. Investors should monitor any subsequent appointments to these committees and the board to understand the ongoing strategic direction and corporate governance practices.
Key Highlights
- 1Susan Bennett King resigned as a Director of The Coca-Cola Company.
- 2The resignation was effective upon receipt on July 12, 2004.
- 3Health reasons were cited as the cause for Ms. King's departure.
- 4Ms. King served on the Committee on Directors and Corporate Governance.
- 5Ms. King was also a member of the Compensation Committee.
- 6The company filed this report on July 13, 2004, under Section 13 or 15(d) of the Securities Exchange Act of 1934.
Frequently Asked Questions
Susan Bennett King was a Director on the Board of The Coca-Cola Company. She resigned from her position for health reasons.
Ms. King served on the Committee on Directors and Corporate Governance and the Compensation Committee. Her departure means these committees will need to adjust their composition and responsibilities, which could have implications for corporate governance and executive compensation oversight.
Her resignation was effective upon receipt by The Coca-Cola Company on July 12, 2004.
This 8-K filing solely pertains to the resignation of a board member due to health reasons and does not indicate any financial distress or operational issues for The Coca-Cola Company.