8-KLeadership ChangesExhibits & Filings

COCA COLA CO 8-K Report, Executive Changes (Jan 6, 2005)

Filed January 6, 2005For Securities:KO

Summary

The Coca-Cola Company filed an 8-K report on January 6, 2005, to announce a significant change in its Board of Directors. Robert L. Nardelli, who also serves as CEO of The Home Depot, Inc., notified the company of his decision not to seek re-election to Coca-Cola's Board at the upcoming 2005 Annual Share Owner Meeting. This decision is attributed to the increasing time demands of his role at The Home Depot. While this filing primarily concerns a director's departure and is not a financial performance announcement, it is noteworthy for investors as it may indicate a shift in board dynamics or the company's governance. Investors might consider the reasons for Nardelli's departure and its potential implications for board oversight and strategic direction, particularly given his leadership position at another major corporation.

Key Highlights

  • 1Robert L. Nardelli will not stand for re-election to The Coca-Cola Company's Board of Directors at the 2005 Annual Meeting.
  • 2Nardelli's decision stems from increasing time demands at his primary role as CEO of The Home Depot, Inc.
  • 3The filing confirms Nardelli's departure from the board, effective after the 2005 Annual Meeting.
  • 4No other principal officer departures or elections were announced in this filing.
  • 5The report includes a press release dated January 6, 2005, detailing Nardelli's departure.

Frequently Asked Questions

The main event is the notification from Robert L. Nardelli that he will not be seeking re-election to The Coca-Cola Company's Board of Directors at the 2005 Annual Meeting of Share Owners.

Mr. Nardelli is leaving the board due to the increasing time demands of his position as CEO of The Home Depot, Inc.

No, this Form 8-K filing is specifically related to a change in the Board of Directors and does not contain any financial results, performance data, or forward-looking guidance.

Based on this filing, Robert L. Nardelli is a director of The Coca-Cola Company. The filing does not indicate he holds a principal officer position (like CEO or CFO) within The Coca-Cola Company itself.