8-KLeadership ChangesExhibits & Filings

COCA COLA CO 8-K Report, Executive Changes (Sep 26, 2016)

Filed September 26, 2016For Securities:KO

Summary

This 8-K filing by The Coca-Cola Company (KO) reports the resignation of a Board Director, Evan G. Greenberg, effective October 1, 2016. Mr. Greenberg cited increased demands on his time due to a recent corporate acquisition and his role as Chairman and CEO of Chubb Limited as the reason for his departure. His resignation is not due to any disagreements with the company's operations, policies, or practices. The company expressed gratitude for Mr. Greenberg's service, particularly his contributions as chair of the Audit Committee. Ronald W. Allen has been appointed as the Acting Chair of the Audit Committee. This filing primarily serves to disclose the change in board composition and the associated reasons.

Key Highlights

  • 1Evan G. Greenberg resigned from The Coca-Cola Company's Board of Directors, effective October 1, 2016.
  • 2Reason for resignation: Increased time demands from his role as Chairman and CEO of Chubb Limited following a recent acquisition.
  • 3No disagreement between Mr. Greenberg and the Company regarding operations, policies, or practices.
  • 4The company thanked Mr. Greenberg for his service, noting his contributions as chair of the Audit Committee.
  • 5Ronald W. Allen has been appointed Acting Chair of the Audit Committee.
  • 6The filing includes a press release regarding Mr. Greenberg's resignation as an exhibit.

Frequently Asked Questions

Mr. Greenberg resigned due to increased demands on his time, particularly as Chairman and CEO of Chubb Limited following a recent acquisition, which required him to devote more attention to his other business commitments.

No, the filing explicitly states that Mr. Greenberg did not communicate any disagreement with the Company regarding its operations, policies, or practices, and the Company is not aware of any such disagreement.

Ronald W. Allen has been appointed as the Acting Chair of the Audit Committee, a role previously held by Mr. Greenberg.

This filing reports a change in board composition and does not provide information that directly impacts the company's current financial performance or outlook. It is a disclosure of a corporate governance event.