8-KLeadership ChangesOther Events

COCA COLA CO 8-K Report, Executive Changes (Apr 24, 2007)

Filed April 24, 2007For Securities:KO

Summary

This 8-K filing from The Coca-Cola Company details two primary events: the appointment of Harry L. Anderson as the new Vice President and Controller, effective immediately as of April 19, 2007, and the outcomes of the company's Annual Shareowner Meeting held on April 18, 2007. Mr. Anderson brings extensive experience within the company, most recently serving as interim Controller, and previously holding leadership roles in Coca-Cola Ventures and Coca-Cola North America's finance function. The Annual Shareowner Meeting saw overwhelming support for the re-election of all directors nominated and the ratification of Ernst & Young LLP as the company's independent auditors for fiscal year 2007. Shareowner votes also approved the company's Performance Incentive Plan. However, several shareowner proposals, including those concerning management compensation, chemical and biological testing, water extraction in India, and restricted stock, did not pass, with significant opposition indicated by the voting results.

Key Highlights

  • 1Harry L. Anderson appointed Vice President and Controller, effective April 19, 2007.
  • 2Mr. Anderson has prior experience as interim Controller and in various finance and leadership roles within Coca-Cola.
  • 3All nominated Directors were re-elected with strong majority support at the Annual Shareowner Meeting.
  • 4Ernst & Young LLP was ratified as the independent auditor for fiscal year 2007.
  • 5The Performance Incentive Plan was approved by shareowners.
  • 6Several shareowner proposals, including those on management compensation and environmental/social issues, did not receive majority approval.

Frequently Asked Questions

Harry L. Anderson has been appointed as the Vice President and Controller of The Coca-Cola Company, effective immediately as of April 19, 2007.

The Annual Shareowner Meeting resulted in the re-election of all directors, the ratification of Ernst & Young LLP as independent auditors for 2007, and the approval of the Performance Incentive Plan. However, several shareowner proposals did not pass.

Mr. Anderson has held several significant roles within the company since joining in 2001, including senior vice president of Coca-Cola Ventures, vice president and director of Supply Chain and Manufacturing Management, chief financial officer of Coca-Cola North America, and most recently, interim Controller.

Shareowner proposals regarding management compensation, chemical and biological testing, a study on water extraction in India, and restricted stock did not receive majority approval from shareowners.