8-KMaterial AgreementsExhibits & Filings

COCA COLA CO 8-K Report, Material Agreement (Sep 17, 2004)

Filed September 17, 2004For Securities:KO

Summary

The Coca-Cola Company (KO) filed a Form 8-K on September 17, 2004, to report on the finalized employment and compensation arrangements for E. Neville Isdell, who serves as Chairman and Chief Executive Officer. This filing is significant as it formalizes the executive leadership's remuneration, a key factor for investor confidence and understanding of corporate governance. The finalized terms include an annual base salary of $1,500,000, participation in the company's annual incentive program, and eligibility for long-term equity awards. These arrangements, alongside previously disclosed stock options and restricted stock awards granted in July 2004, provide a comprehensive view of Mr. Isdell's compensation package as he leads the company. Investors can review the attached exhibits for detailed terms of employment and stock award agreements.

Key Highlights

  • 1Finalized employment and compensation terms for Chairman and CEO E. Neville Isdell.
  • 2Annual base salary for Mr. Isdell set at $1,500,000.
  • 3Mr. Isdell will participate in the Company's annual incentive program.
  • 4Mr. Isdell is eligible for the Company's long-term equity plan.
  • 5Previously disclosed grants include 450,000 stock options and 140,000 restricted shares.
  • 6These awards were granted in recognition of Mr. Isdell's role as Chairman and CEO.
  • 7Detailed terms are available in attached Exhibits 99.1 and 99.2.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally report the finalized employment and compensation arrangements for The Coca-Cola Company's Chairman and Chief Executive Officer, E. Neville Isdell.

Mr. Isdell's compensation includes an annual base salary of $1,500,000, participation in the company's annual incentive program, and eligibility for long-term equity awards. Additionally, he received a grant of 450,000 stock options and 140,000 restricted shares previously.

Investors can find more detailed information in the attached exhibits to the 8-K filing: Exhibit 99.1 contains the letter outlining the terms of employment and compensation, and Exhibit 99.2 is the stock award agreement for Mr. Isdell.

The employment and compensation arrangements for E. Neville Isdell were finalized on September 16, 2004, and the report was filed on September 17, 2004.