MDLZ 8-K Current Reports
Mondelez International, Inc. - 473 current reports
Mondelez International, Inc. 8-K Report, Executive Changes (Jun 18, 2026)
Mondelēz International, Inc. (MDLZ) has announced a significant leadership change within its finance department through an 8-K filing on June 18, 2026. Effective July 1, 2026, Amit Banati will assume the role of Executive Vice President and Chief Financial Officer (CFO), reporting directly to CEO Dirk Van de Put. This appointment is accompanied by a comprehensive compensation package and a make-whole award to offset forfeited compensation from his previous role at Kenvue. The transition signals a strategic move in financial leadership as the company navigates its growth and operational objectives. Luca Zaramella will transition to the role of Executive Vice President and Chief Operating Officer, a move that suggests a potential realignment of operational and financial responsibilities within the senior leadership team.
Mondelez International, Inc. 8-K Report, Shareholder Vote Results (May 26, 2026)
Mondelez International, Inc. (MDLZ) filed an 8-K on May 26, 2026, reporting the results of its annual meeting of shareholders held on May 20, 2026. The filing indicates strong shareholder support for the company's slate of 10 directors, with all nominees elected by a significant majority. Additionally, shareholders approved, on an advisory basis, the company's executive compensation and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2026. The meeting also saw the rejection of two shareholder proposals: one requesting a report on plastic packaging policies and another advocating for an independent board chairman policy. The overwhelming 'against' votes on these proposals suggest shareholders are largely aligned with current company policies and board structure. Overall, the filing reflects a stable shareholder base and continued confidence in the current leadership and governance of Mondelez International.
Mondelez International, Inc. 8-K Report, Financial Results (Apr 28, 2026)
Mondelez International, Inc. (MDLZ) has filed a Form 8-K on April 28, 2026, primarily to furnish a press release detailing its financial results for the first quarter ended March 31, 2026. While the filing itself does not contain detailed financial statements within the 8-K's main body, it directs investors to the attached press release (Exhibit 99.1) for comprehensive earnings information. Investors should review this press release for key performance indicators, revenue figures, profitability, and any forward-looking guidance provided by the company for the upcoming periods. It is important to note that the information furnished in this 8-K, including the press release, is not considered "filed" under Section 18 of the Exchange Act, nor is it automatically incorporated into future filings unless specifically referenced. Therefore, investors should rely on the press release for the substance of the Q1 2026 financial update and be aware of the specific disclosure limitations outlined in the filing.
Mondelez International, Inc. 8-K Report, Material Agreement (Feb 18, 2026)
Mondelēz International, Inc. (MDLZ) has filed an 8-K report detailing the execution of a new 364-day senior unsecured revolving credit agreement, effective February 18, 2026. This new facility, with an aggregate principal amount of $1.5 billion, replaces a similar agreement that expired on February 19, 2025. The credit facility has a termination date of February 17, 2027, but allows for the extension of outstanding loans to February 17, 2028, under specific conditions. The company also has the option to increase the facility by up to an additional $500 million with lender agreement. This refinancing demonstrates Mondelez's proactive approach to managing its liquidity and financing needs. The agreement is intended for general corporate purposes, including working capital and supporting its commercial paper program. The terms include a minimum shareholders' equity requirement of $25.0 billion, with certain adjustments for accounting impacts. This facility provides significant financial flexibility, ensuring the company has access to substantial capital for its ongoing operations and strategic initiatives.
Mondelez International, Inc. 8-K Report, Financial Results (Feb 3, 2026)
Mondelēz International, Inc. (MDLZ) has filed an 8-K report on February 3, 2026, primarily to furnish its fourth quarter and full-year 2025 earnings press release, dated February 3, 2026. This filing serves as an announcement of the company's financial and operational results for the period ended December 31, 2025. Investors should refer to the furnished press release (Exhibit 99.1) for detailed financial figures, performance metrics, and management's commentary on the company's results and outlook. It is important to note that the information provided in the press release, including Exhibit 99.1, is being furnished and not "filed" with the SEC under Section 18 of the Exchange Act. This means it will not be subject to the liabilities of that section, nor will it be automatically incorporated by reference into future SEC filings unless explicitly stated. Investors should treat this information as a supplemental disclosure to their regular review of MDLZ's financial performance.
Mondelez International, Inc. 8-K Report, Executive Changes (Jan 30, 2026)
This 8-K filing from Mondelez International, Inc. (MDLZ) announces a significant leadership change: Luca Zaramella has been appointed Chief Operating Officer, effective February 1, 2026, in addition to his existing role as Executive Vice President and Chief Financial Officer. This move consolidates key operational and financial oversight under a single executive, potentially signaling a focus on streamlined management and execution of the company's strategic objectives. Investors should note that Mr. Zaramella's compensation has been adjusted to reflect his expanded responsibilities, including a base salary of $1,250,000, a target annual incentive of 150% of base salary, and a target long-term incentive opportunity of $7,225,000. The company also approved limited personal use of its aircraft for Mr. Zaramella. The filing explicitly states there are no arrangements or understandings influencing this appointment, no family relationships with other directors or officers, and no reportable related party transactions, suggesting a standard executive transition without immediate governance concerns.
Mondelez International, Inc. 8-K Report, Financial Results (Oct 28, 2025)
Mondelēz International, Inc. (MDLZ) has filed a Form 8-K on October 28, 2025, primarily to furnish its third-quarter earnings press release dated October 28, 2025. This filing serves as an announcement of the company's financial results for the period ended September 30, 2025. Investors should note that the information within this press release, including the financial data, is furnished and not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, meaning it does not carry the same regulatory implications as a formally filed document regarding liability. However, it provides the key operational and financial performance metrics for the quarter, which are crucial for understanding the company's recent business activity and strategic execution. While the 8-K itself is brief, its core value lies in the accompanying press release (Exhibit 99.1), which is expected to detail the company's revenue, profitability, earnings per share, and any forward-looking guidance. Investors and analysts will be examining this information for trends in organic growth, the impact of macroeconomic factors on consumer demand and input costs, and the effectiveness of the company's brand strategies. Any commentary on strategic initiatives, acquisitions, or divestitures within the press release will also be of significant interest.
Mondelez International, Inc. 8-K Report, Financial Results (Jul 29, 2025)
Mondelēz International, Inc. (MDLZ) has filed a Current Report on Form 8-K on July 28, 2025, to announce its financial results for the second quarter ended June 30, 2025. The filing primarily serves to furnish a press release detailing these results, which was issued on July 29, 2025. Investors should refer to this press release, attached as Exhibit 99.1, for specific details on the company's operational performance and financial condition during the period. While the 8-K itself is procedural in nature, the furnished press release is the critical document for understanding MDLZ's Q2 2025 performance. Investors are advised to review the earnings release for key metrics such as revenue, profitability, earnings per share, and any forward-looking guidance provided by the company. It is important to note that the information furnished in this 8-K, including the press release, is not considered "filed" for certain SEC purposes, meaning it does not carry the same legal implications as formally filed financial statements under Section 18 of the Exchange Act, unless specifically incorporated by reference into future filings.
Mondelez International, Inc. 8-K Report, Executive Changes (May 27, 2025)
Mondelēz International, Inc. (MDLZ) has filed an 8-K report detailing the approval of a new "Mondelēz International, Inc. Severance Plan for Key Executives" and the results of its annual shareholder meeting. The new severance plan, effective May 20, 2025, outlines benefits for eligible officers and designated employees upon termination without Cause or resignation for Good Reason. Benefits include cash severance, pro-rated bonuses, health benefit stipends, outplacement services, financial and car allowances, and equity award acceleration. This plan aims to provide a consistent framework for executive departures, with specific provisions for the CEO and non-U.S. participants. The annual shareholder meeting, held on May 21, 2025, saw strong shareholder support for the election of all 10 directors, the approval of named executive officer compensation on an advisory basis, and the ratification of PricewaterhouseCoopers LLP as the independent auditor. Shareholders also approved the Global Employee Stock Purchase Matching Plan. Conversely, several shareholder proposals, including those related to supplier code of conduct due diligence, flexible plastic packaging, climate lobbying, human rights policy implementation, and recycled content claims, did not receive majority approval.
Mondelez International, Inc. 8-K Report, Corporate Update (May 6, 2025)
Mondelez International, Inc. (MDLZ) has filed a Current Report on Form 8-K detailing a significant debt financing event. On May 1, 2025, the company announced and priced an offering of $1.6 billion in senior notes across three tranches: 2028 Notes, 2030 Notes, and 2035 Notes. This offering was executed through a Terms Agreement with several underwriters, including major financial institutions like BNP Paribas Securities Corp. and Citigroup Global Markets Inc. The issuance of these notes, finalized on May 6, 2025, was completed under existing indenture agreements, supplemented by an officers' certificate. Investors should note that the prospectus and prospectus supplement related to this offering have been filed as part of the company's existing registration statement on Form S-3. This action indicates a strategic move by Mondelez to manage its capital structure, potentially for general corporate purposes, future investments, or refinancing existing debt. The filing provides the legal documentation and agreements underpinning this substantial debt issuance.
Mondelez International, Inc. 8-K Report, Financial Results (Apr 29, 2025)
Mondelēz International, Inc. (MDLZ) filed an 8-K on April 29, 2025, to report its financial results for the first quarter ended March 31, 2025. The primary purpose of this filing is to furnish a press release announcing the company's performance. Investors should refer to the attached press release (Exhibit 99.1) for detailed financial figures and management's commentary on the quarter's results, including any discussion of revenue, earnings per share, and segment performance. While this 8-K itself does not contain the full financial statements, it serves as the official notification and gateway to the Q1 2025 earnings announcement. The information furnished is not considered 'filed' for certain regulatory purposes, meaning it doesn't automatically trigger liability under Section 18 of the Exchange Act, nor is it automatically incorporated into future filings unless specifically referenced. Investors are encouraged to review the furnished press release for crucial insights into MDLZ's operational and financial condition during the first quarter.
Mondelez International, Inc. 8-K Report, Material Agreement (Feb 20, 2025)
Mondelez International, Inc. (MDLZ) has filed an 8-K report detailing the refinancing of its revolving credit facilities. The company has entered into a new $1.5 billion 364-day revolving credit agreement and a new $4.5 billion five-year revolving credit agreement. These new facilities replace previously existing credit agreements of the same terms and sizes. The primary purpose for these credit lines is for general corporate purposes, including working capital and supporting the company's commercial paper program. This refinancing demonstrates an active approach to managing its liquidity and financing structure. The agreements include provisions for potential increases in credit availability, extension options for the five-year facility, and variable interest rates tied to SOFR or base rates plus an applicable margin based on senior unsecured debt ratings. A key covenant across both agreements is the maintenance of a minimum shareholders' equity of $25.0 billion, with specific exclusions for certain accounting adjustments. This move indicates a proactive strategy to ensure robust financial flexibility for the company's ongoing operations and strategic initiatives.
Mondelez International, Inc. 8-K Report, Regulation FD Disclosure (Feb 18, 2025)
Mondelēz International, Inc. (MDLZ) has filed a Current Report (8-K) on February 18, 2025, primarily to disclose information presented by its executives at the 2025 Consumer Analyst Group of New York conference. The filing includes a press release (Exhibit 99.1) detailing these presentations, which investors can access through a listen-only webcast and a subsequent replay with accompanying slides on the company's investor relations website. While this 8-K does not contain new financial statements or material business updates beyond what was discussed at the conference, it serves as a formal avenue to distribute information shared with analysts. Investors are encouraged to review the furnished press release and webcast materials for insights into the company's strategic discussions, outlook, and performance commentary presented to the financial community. It is important to note that this information is furnished, not filed, and thus not subject to certain liabilities under the Securities Exchange Act of 1934.
Mondelez International, Inc. 8-K Report, Financial Results (Feb 4, 2025)
Mondelēz International, Inc. (MDLZ) has filed a Form 8-K on February 4, 2025, to report its financial results for the fourth quarter and full year ended December 31, 2024. The primary purpose of this filing is to furnish the accompanying press release, which contains the detailed earnings announcement. Investors should refer to this press release (Exhibit 99.1) for comprehensive information regarding the company's financial performance, operational highlights, and forward-looking guidance for the upcoming fiscal year. While this 8-K itself is largely procedural, it signals the official release of MDLZ's latest financial data. The furnished press release is expected to provide key metrics such as revenue, earnings per share (EPS), profit margins, and potentially updates on strategic initiatives or segment performance. Investors are encouraged to review the press release carefully for an in-depth understanding of the company's financial condition and outlook.
Mondelez International, Inc. 8-K Report, Executive Changes (Jan 27, 2025)
Mondelēz International, Inc. has announced a key executive transition within its finance department. Brian Stevens has been appointed as the new Senior Vice President, Corporate Controller & Chief Accounting Officer, effective February 10, 2025. This appointment brings a seasoned finance executive with extensive experience from multinational healthcare and technology companies, as well as a background as a partner at KPMG. Mr. Stevens's prior roles include Chief Accounting Officer and interim Chief Financial Officer at Baxter International. The transition also involves Michael Call, the current principal accounting officer, who will continue in his role until Mr. Stevens's effective date. Following this, Mr. Call will transition to a new position as Senior Vice President, Finance for the North America region. This strategic shift in leadership is expected to leverage Mr. Stevens's expertise in financial reporting and controls as the company continues to execute its global strategy.
Mondelez International, Inc. 8-K Report, Regulation FD Disclosure (Jan 15, 2025)
Mondelēz International, Inc. has filed an 8-K to disclose the retrospective impact of its sale of remaining shares in JDE Peet’s (JDEP) to JAB Holdings Company, which was completed in November 2024. The company is providing recast historical non-GAAP financial results, specifically for Adjusted EPS, to reflect the divestiture of its JDEP investment. This change excludes the equity method investment net earnings from JDEP in historical non-GAAP figures, allowing for a clearer comparison of underlying operational performance and trends. This retrospective adjustment is intended to provide investors with enhanced transparency and comparability of the company's financial performance, as it better aligns historical non-GAAP reporting with the current absence of the JDEP investment. While U.S. GAAP results remain unchanged, the updated non-GAAP presentation will facilitate a more focused analysis of Mondelēz's core business operations moving forward. Investors should note that this supplemental disclosure does not amend prior SEC filings.
Mondelez International, Inc. 8-K Report, Executive Changes (Dec 3, 2024)
Mondelez International, Inc. (MDLZ) has announced a significant leadership change within its European operations. Vince Gruber, Executive Vice President and President of Europe, will retire effective April 1, 2025, after a period of transition. This marks the end of Mr. Gruber's tenure leading a key strategic region for the company. To ensure a smooth handover, Volker Kuhn has been appointed as Mr. Gruber's successor, also effective April 1, 2025. Mr. Kuhn will commence his role with the company on January 6, 2025, providing a nearly three-month overlap to facilitate knowledge transfer and integration. Investors should monitor how this leadership transition impacts the strategic direction and performance of the crucial European market.
Mondelez International, Inc. 8-K Report, Financial Results (Oct 29, 2024)
Mondelēz International, Inc. (MDLZ) filed an 8-K on October 29, 2024, to announce its third-quarter 2024 earnings results, which were detailed in a press release furnished as Exhibit 99.1. While the 8-K itself is a notification of this event and does not contain the detailed financial figures, investors should refer to the press release for comprehensive information on the company's performance during the quarter ended September 30, 2024. It is important for investors to note that the information furnished in this 8-K and its accompanying press release is not considered "filed" for certain regulatory purposes under the Securities Exchange Act of 1934. This means it will not be subject to the liabilities of Section 18 and will not be automatically incorporated into future SEC filings unless specifically referenced. Investors seeking to understand MDLZ's Q3 2024 financial condition and results of operations should directly consult the press release, Exhibit 99.1, which contains the substantive earnings data.
Mondelez International, Inc. 8-K Report, Corporate Update (Aug 28, 2024)
Mondelez International, Inc. (MDLZ) has filed an 8-K report on August 28, 2024, announcing the issuance of $500 million in senior notes due 2034. This debt issuance is part of their ongoing financing activities and was executed under an existing indenture, with amendments and an officers' certificate providing specific terms for these new notes. The filing includes the relevant legal documentation, such as the indenture, supplemental indentures, and legal opinions, which are incorporated into their existing registration statement. For investors, this 8-K signals that Mondelez is actively managing its capital structure and likely utilizing this new debt to fund its operations, strategic initiatives, or potential acquisitions. While the filing itself does not provide financial performance details, it is crucial for understanding the company's leverage and long-term funding strategy. Investors should consider this issuance in the context of Mondelez's overall debt levels, interest coverage ratios, and the prevailing interest rate environment.
Mondelez International, Inc. 8-K Report, Corporate Update (Aug 23, 2024)
Mondelēz International, Inc. (MDLZ) has filed a Form 8-K to announce and price an offering of senior notes due in 2034. The company entered into a Terms Agreement with several underwriters, including BBVA Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Wells Fargo Securities, LLC, on August 22, 2024, to facilitate this debt issuance. This offering is part of a larger shelf registration previously filed with the SEC. Investors should note that this filing is primarily an informational announcement regarding new debt. The offering is expected to close on August 28, 2024, subject to standard closing conditions. While the specific terms and amount of the notes are not detailed in this 8-K, the filing confirms the company's intention to raise capital through debt markets, which could be used for various corporate purposes such as general corporate needs, acquisitions, or refinancing existing debt.
Mondelez International, Inc. 8-K Report, Financial Results (Jul 30, 2024)
Mondelez International, Inc. (MDLZ) has filed an 8-K report on July 29, 2024, primarily furnishing its earnings press release for the second quarter ended June 30, 2024, dated July 30, 2024. This release, attached as Exhibit 99.1, details the company's financial performance for the recently concluded quarter. Investors should refer to this press release for specific operational and financial metrics, as it contains the key information regarding MDLZ's Q2 2024 results. The filing explicitly states that the information within the press release and this report will not be deemed 'filed' for the purposes of Section 18 of the Exchange Act, nor will it be incorporated by reference into any future filings unless specifically stated. This is a standard disclosure for earnings releases furnished under Item 2.02, meaning investors should treat the information as supplemental rather than formally filed with the SEC.
Mondelez International, Inc. 8-K Report, Corporate Update (Jul 3, 2024)
Mondelez International, Inc. (MDLZ) announced on July 3, 2024, the issuance of C$650 million in senior notes maturing in 2031. This debt offering is structured under existing indenture agreements and was filed with the SEC as part of their ongoing registration statement. This filing primarily serves to document the issuance of new debt, indicating the company's use of capital markets to manage its financial structure. Investors should note this is a debt financing activity, not related to operational performance or strategic acquisitions, and pertains to raising capital in Canadian dollars.
Mondelez International, Inc. 8-K Report, Corporate Update (Jul 1, 2024)
Mondelēz International, Inc. (MDLZ) has filed an 8-K report to disclose details regarding a CAD-denominated senior notes offering. On June 26, 2024, the company announced and priced an offering of senior notes due 2031, denominated in Canadian dollars. This offering was facilitated through a Terms Agreement with a group of underwriters, incorporating provisions from a prior Amended and Restated Underwriting Agreement. The company has filed a Prospectus and a Prospectus Supplement with the SEC in connection with this notes offering, which forms part of its existing Registration Statement on Form S-3. This financing activity is a key event for investors as it signals management's strategic use of debt markets to potentially fund operations, acquisitions, or other corporate initiatives. The denomination in Canadian dollars suggests a focus on managing currency exposure or accessing a specific investor base. Investors should monitor the closing of this offering, expected on July 3, 2024, and consider the implications of this new debt issuance on the company's leverage and capital structure.
Mondelez International, Inc. 8-K/A Report, Shareholder Vote Results (May 23, 2024)
Mondelez International, Inc. (MDLZ) filed an 8-K/A amendment on May 22, 2024, reporting the final voting results from its annual meeting of shareholders held on May 21, 2024. A significant portion of outstanding shares (87.12%) were represented at the meeting, indicating strong shareholder engagement. All incumbent directors were overwhelmingly re-elected for one-year terms, highlighting shareholder confidence in the current board leadership. Furthermore, shareholders approved the company's executive compensation on an advisory basis and ratified the selection of PricewaterhouseCoopers LLP as the independent auditor for 2024. The Performance Incentive Plan also received shareholder approval. Conversely, several shareholder proposals, including those related to audit committee study on company affiliations, independent board chair, and specific initiatives for eradicating child labor and assessing human rights policy effectiveness, did not receive majority support.
Mondelez International, Inc. 8-K Report, Executive Changes (May 22, 2024)
Mondelēz International, Inc. (MDLZ) filed an 8-K on May 22, 2024, primarily detailing actions taken at its annual shareholder meeting and updates to its executive compensation and incentive plans. Key among these is the shareholder approval of the 2024 Performance Incentive Plan (2024 PIP), which will govern future equity awards. Additionally, the company's Board of Directors approved amendments to existing plans to better align executive compensation and severance benefits with potential change-in-control scenarios. The filing also confirms the election of 11 directors and advisory approval of executive compensation. Notably, several shareholder proposals regarding board structure, supply chain child labor, and audit committee studies were not approved. For investors, the focus is on the updated incentive structures and the alignment of executive compensation with shareholder interests, particularly in the context of potential corporate transactions, although the specific details of the 2005 PIP Amendment and CIC Plan Restatement will be further elaborated in future filings.
Mondelez International, Inc. 8-K Report, Financial Results (Apr 30, 2024)
Mondelez International, Inc. (MDLZ) filed a Form 8-K on April 30, 2024, primarily to furnish its earnings press release for the first quarter ended March 31, 2024. This filing does not contain new audited financial statements or material agreements, but rather directs investors to the accompanying press release (Exhibit 99.1) for detailed first-quarter results. Investors should review this press release for insights into the company's financial performance, operational updates, and forward-looking statements. The furnishing of the press release under Item 2.02 signifies that the information provided therein is not considered "filed" under Section 18 of the Exchange Act, meaning it does not carry the same legal implications for accuracy as formally filed financial statements. However, it remains a crucial source of current information for assessing the company's performance and strategic direction during the reporting period. Investors are advised to pay close attention to the commentary and figures presented in the press release.
Mondelez International, Inc. 8-K Report, Material Agreement (Feb 21, 2024)
Mondelez International, Inc. (MDLZ) has filed an 8-K report detailing the execution of a new $1.5 billion 364-day senior unsecured revolving credit agreement. This new facility, effective February 21, 2024, replaces a similar previous agreement and is set to terminate on February 19, 2025. The company has the option to extend the maturity of any outstanding loans for an additional year under certain conditions. This revolving credit facility is intended to support general corporate purposes, including working capital needs and its commercial paper program, providing continued financial flexibility. Crucially, the new agreement includes a covenant requiring Mondelez to maintain a minimum shareholders' equity of not less than $25.0 billion, with specific exclusions for certain accounting adjustments. The termination of the prior $1.5 billion 364-day revolving credit agreement is also noted as a consequence of entering into this new arrangement. Investors should view this as a routine financing update that reaffirms the company's commitment to maintaining adequate liquidity and financial stability.
Mondelez International, Inc. 8-K Report, Corporate Update (Feb 20, 2024)
Mondelez International, Inc. (MDLZ) has filed an 8-K report detailing the pricing and issuance of a new series of senior notes. On February 15, 2024, the company announced and priced an offering of senior notes due 2029. The company subsequently issued an aggregate principal amount of $550 million of these notes on February 20, 2024. This offering was conducted under an existing shelf registration statement and involved a Terms Agreement with several underwriters, including J.P. Morgan Securities LLC and Wells Fargo Securities, LLC. The proceeds from this debt issuance are intended to support the company's general corporate purposes. Investors should note that this filing primarily concerns the details of the debt offering and does not disclose any new financial performance data or material business developments beyond the debt issuance itself.
Mondelez International, Inc. 8-K Report, Regulation FD Disclosure (Feb 20, 2024)
Mondelēz International, Inc. (MDLZ) filed an 8-K on February 20, 2024, to disclose information presented by its executives at the 2024 Consumer Analyst Group of New York conference. The filing primarily consists of a press release furnished as an exhibit, which would contain the details of the presentation. Investors should note that this information is being furnished under Regulation FD and will not be deemed 'filed' for purposes of Section 18 of the Exchange Act, nor will it be incorporated by reference into future SEC filings unless specifically stated. This means the forward-looking statements and information shared in the presentation are subject to change and should be viewed with that understanding. While the 8-K itself does not contain the specific operational or financial details from the presentation, it directs investors to the press release (Exhibit 99.1) and the company's investor website for access to the webcast, replay, and accompanying slides. Investors seeking the latest strategic insights, market outlook, and performance commentary from Mondelēz management should review these furnished materials. The report's purpose is to ensure public dissemination of the information shared at the conference in compliance with disclosure regulations.
Mondelez International, Inc. 8-K Report, Executive Changes (Feb 2, 2024)
Mondelēz International, Inc. (MDLZ) announced a change to its Board of Directors on February 1, 2024, with the appointment of Brian J. McNamara as a new director, increasing the Board size from 10 to 11 members. Mr. McNamara brings significant leadership experience as the current Chief Executive Officer of Haleon plc. His appointment is effective immediately, and he has been assigned to the People and Compensation Committee and the Governance, Membership and Sustainability Committee. This expansion of the Board with a director possessing relevant industry expertise signals a potential focus on strategic leadership and governance. Investors can view Mr. McNamara as an independent director, and his compensation will align with that of other non-employee directors, as previously outlined in the company's proxy and annual reports. There are no disclosed related-party transactions with Mr. McNamara, indicating a clean appointment.
Mondelez International, Inc. 8-K Report, Regulation FD Disclosure (Jan 30, 2024)
Mondelēz International, Inc. (MDLZ) has filed an 8-K report to provide supplemental non-GAAP financial information related to the retrospective impact of two key events: the sale of JDE Peet's (JDEP) shares and the sale of its developed market gum business. The company is recasting its historical non-GAAP financial results to reflect these transactions as divestitures, aiming to enhance comparability, identify underlying operational trends, and provide greater transparency for investors. This recasting affects non-GAAP measures such as Organic Net Revenue, Adjusted Gross Profit, Adjusted Operating Income, and Adjusted EPS. The sale of JDEP shares, which occurred in tranches between July and September 2023, reduced Mondelēz's ownership to 17.7% and is considered a partial divestiture. Its impact on non-GAAP results begins in Q4 2023 due to JDEP's one-quarter lag reporting. The sale of the developed market gum business in the US, Canada, and Europe to Perfetti Van Melle Group was completed on October 1, 2023 (with Portugal finalized on October 23, 2023), generating approximately $1.4 billion in net cash proceeds. This major divestiture's results have been removed from historical non-GAAP financial reporting.
Mondelez International, Inc. 8-K Report, Financial Results (Jan 30, 2024)
Mondelez International, Inc. (MDLZ) filed an 8-K on January 30, 2024, primarily to furnish its fourth quarter and full-year 2023 earnings press release. This filing serves as the official announcement of the company's financial results for the period ended December 31, 2023. Investors should refer to the furnished press release (Exhibit 99.1) for detailed financial performance, operational highlights, and forward-looking statements. The information furnished in this 8-K, specifically the earnings press release, is not considered 'filed' under Section 18 of the Exchange Act, meaning it does not carry the same legal liabilities as formally filed documents. However, it is crucial for understanding MDLZ's recent performance and strategic updates. Investors should consult the press release for specifics on revenue, profitability, segment performance, and any management commentary regarding the company's outlook.
Mondelez International, Inc. 8-K Report, Financial Results (Nov 1, 2023)
Mondelez International, Inc. (MDLZ) filed an 8-K on November 1, 2023, primarily to furnish its third-quarter 2023 earnings press release. While the filing itself does not contain detailed financial results, it directs investors to the press release (Exhibit 99.1) for the company's performance metrics for the quarter ended September 30, 2023. This indicates that the key operational and financial updates for the period are contained within that accompanying document. Investors seeking to understand Mondelez's performance should refer to the furnished press release for specifics on revenue, profitability, segment performance, and any forward-looking guidance. The 8-K serves as the official notification that this information has been made public, but the substance of the results lies within the referenced exhibit. It's important for investors to note that this information is furnished and not deemed "filed" under Section 18 of the Exchange Act, meaning it does not carry the same level of liability, though it is critical for understanding the company's recent financial condition.
Mondelez International, Inc. 8-K Report, Agreement Terminated (Oct 18, 2023)
Mondelez International, Inc. (MDLZ) has filed an 8-K report announcing the termination of its $2.0 billion revolving credit agreement, originally entered into on April 6, 2023. This action, effective October 18, 2023, signifies a change in the company's financing structure. While the immediate financial impact is not detailed in this specific filing, investors should view this termination as a strategic decision by management regarding its liquidity and debt management. The company's decision to terminate a significant credit facility may indicate sufficient existing cash reserves, reduced need for short-term borrowing, or a restructuring of its financing arrangements. Further analysis of subsequent filings and investor communications will be crucial to understand the full implications for Mondelez's financial flexibility and capital allocation strategy.
Mondelez International, Inc. 8-K Report, Regulation FD Disclosure (Oct 10, 2023)
Mondelēz International, Inc. (MDLZ) filed an 8-K on October 10, 2023, to disclose the retrospective impact of its JDE Peet's (JDEP) share sale on its non-GAAP financial results. Due to reporting JDEP's results with a one-quarter lag, the effect of the April 3, 2023, sale of approximately 1.6% of its stake will be reflected in non-GAAP figures starting from the third quarter of 2023. The company is treating this partial sale as a divestiture for non-GAAP reporting purposes. This adjustment involves removing the equity method investment net earnings related to this divestiture from historical non-GAAP Adjusted EPS calculations. This ensures that comparisons of historical operating results and underlying trends are more transparent and aligned with how the company evaluates its business. Importantly, Mondelēz's U.S. GAAP financial statements remain unaffected by this change in non-GAAP presentation. Investors should note that the recast non-GAAP figures are for comparative purposes and do not amend prior filings.
Mondelez International, Inc. 8-K Report, Financial Results (Jul 27, 2023)
Mondelēz International, Inc. (MDLZ) filed an 8-K on July 27, 2023, primarily to report its second-quarter 2023 earnings. The filing includes a press release that provides the financial results for the quarter ended June 30, 2023. This is a standard disclosure for publicly traded companies to communicate significant financial events and performance metrics to investors in a timely manner. Investors should refer to the furnished press release (Exhibit 99.1) for detailed financial performance data, including revenue, profitability, and any forward-looking guidance provided by the company. It's important to note that this information, while furnished, is not considered "filed" for certain regulatory purposes, meaning it doesn't automatically trigger liability under Section 18 of the Exchange Act, nor will it be incorporated into future SEC filings unless specifically referenced. Therefore, investors should rely on the press release for the immediate financial updates and consider it alongside other company communications.
Mondelez International, Inc. 8-K Report, Executive Changes (Jul 20, 2023)
Mondelez International, Inc. (MDLZ) has announced a change to its Board of Directors, increasing its size by one member to ten and appointing Cees ‘t Hart as a new director. Mr. ‘t Hart brings significant executive experience as the current CEO of the Carlsberg Group, a prominent global beverage company. His appointment is effective immediately and he will serve on the Audit and Finance Committees of the Board. This strategic addition to the Board aims to leverage Mr. ‘t Hart's expertise, particularly given his designation as an independent director and an Audit Committee Financial Expert. Investors can view this as a move to strengthen the Board's oversight and financial acumen. The company has confirmed there are no related-party transactions with Mr. ‘t Hart, ensuring a clear and independent addition to the leadership.
Mondelez International, Inc. 8-K Report, Shareholder Vote Results (May 19, 2023)
This 8-K filing from Mondelez International, Inc. reports the final voting results from its Annual Meeting of Shareholders held on May 17, 2022. The company's shareholders overwhelmingly approved the election of all nine director nominees for one-year terms and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2023. Additionally, shareholders approved, on an advisory basis, the company's executive compensation and recommended holding such advisory votes annually. Importantly for investors, two shareholder proposals – one seeking an independent board chair and another regarding cage-free egg goals and child labor eradication in the cocoa supply chain – did not receive majority support. This indicates continued shareholder confidence in the current board structure and management's approach to these specific ESG initiatives, although it also highlights areas where shareholder advocacy remains.
Mondelez International, Inc. 8-K Report, Executive Changes (May 2, 2023)
Mondelēz International, Inc. (MDLZ) filed an 8-K on May 2, 2023, primarily to announce a significant executive leadership change within its Asia Pacific, Middle East, and Africa (AMEA) region. Maurizio Brusadelli, the Executive Vice President and President of AMEA, is departing the company to pursue an external leadership role. This transition is effective in June, with his last day to be determined. Investors should note that Deepak Iyer, currently President of India and Southeast Asia, will assume the role of Executive Vice President and President, AMEA, starting June 5, 2023. This internal promotion suggests a focus on continuity and leveraging existing leadership talent. The company has also attached a press release regarding this transition as an exhibit.
Mondelez International, Inc. 8-K Report, Financial Results (Apr 27, 2023)
Mondelēz International, Inc. (MDLZ) filed an 8-K on April 27, 2023, primarily to furnish its first-quarter 2023 earnings press release. The press release, dated April 27, 2023, announced the company's financial results for the quarter ended March 31, 2023. This filing serves as the official notification of these results to investors and the market. While the 8-K itself does not contain the detailed financial data, it directs investors to the furnished press release (Exhibit 99.1) for comprehensive information regarding the company's performance during the first quarter.
Mondelez International, Inc. 8-K Report, Regulation FD Disclosure (Apr 11, 2023)
Mondelēz International, Inc. (MDLZ) has filed an 8-K report to disclose a change in its accounting for its investment in Keurig Dr Pepper Inc. (KDP) following the sale of a portion of its shares on March 2, 2023. The company reduced its KDP ownership from 5.3% to 3.2%, receiving approximately $1.0 billion in proceeds and recognizing a gain of approximately $500 million in Q1 2023. This reduction in ownership below the 5.0% threshold necessitates a change in accounting from the equity method to accounting for marketable securities. This change will impact Mondelēz's non-GAAP financial reporting, specifically Adjusted EPS, starting from the first quarter of 2023. The company will no longer record equity method investment earnings from its remaining KDP stake and will treat historical equity method earnings from both the sold and remaining shares as a divestiture. Consequently, Mondelēz has recast its historical non-GAAP financial results to remove these equity method investment earnings from Adjusted EPS for all prior periods presented, aiming to provide investors with better comparability and transparency in evaluating the company's core operating performance.
Mondelez International, Inc. 8-K Report, Material Agreement (Apr 6, 2023)
Mondelez International, Inc. (MDLZ) filed an 8-K on April 6, 2023, to report the execution of a new $2.0 billion senior unsecured revolving credit agreement. This facility provides liquidity for general corporate purposes, including working capital and support for its commercial paper program. The agreement has a termination date of December 29, 2023, and its terms are tied to MDLZ's long-term senior unsecured debt rating, influencing the applicable interest margin. The credit facility requires Mondelez to maintain a minimum shareholders' equity of $25.0 billion, with specific exclusions for certain accounting adjustments. This new credit line offers financial flexibility and demonstrates the company's proactive approach to managing its liquidity needs. Investors should note that several lenders involved in this agreement also maintain existing financial service relationships with Mondelez, which is standard practice.
Mondelez International, Inc. 8-K Report, Material Agreement (Feb 22, 2023)
Mondelēz International, Inc. (MDLZ) has filed an 8-K report detailing the execution of a new $1.5 billion 364-day senior unsecured revolving credit agreement on February 22, 2023. This facility replaces a previous $2.5 billion agreement that was terminated in conjunction with the new agreement. The new credit facility has a termination date of February 21, 2024, but offers the option to extend outstanding loans for an additional year to February 21, 2025, subject to certain conditions. The company also has the flexibility to increase the facility by up to $500 million with lender agreement. This new credit agreement is primarily intended for general corporate purposes, including working capital needs and supporting the company's commercial paper program. Investors should note the covenant requiring a minimum shareholders' equity of $25.0 billion, with specific exclusions for certain accounting adjustments. The interest rate on borrowings will be variable, based on SOFR or a base rate, plus an applicable margin tied to the company's long-term senior unsecured debt rating.
Mondelez International, Inc. 8-K Report, Regulation FD Disclosure (Feb 21, 2023)
Mondelēz International, Inc. (MDLZ) filed an 8-K on February 21, 2023, primarily to disclose information presented by its executives at the 2023 Consumer Analyst Group of New York (CAGNY) conference. The filing itself doesn't contain new financial statements or material operational updates, but rather directs investors to a furnished press release (Exhibit 99.1) and an accompanying webcast with slides, both available on the company's investor relations website. Investors are encouraged to review these materials for the latest strategic insights and outlook shared by the company's leadership.
Mondelez International, Inc. 8-K/A Report, Executive Changes (Feb 7, 2023)
This 8-K/A filing from Mondelez International (MDLZ) serves as an amendment to a previous filing regarding the appointment of Anindita (Ann) Mukherjee to the Board of Directors. The amendment clarifies that Ms. Mukherjee, whose appointment was effective January 1, 2023, has also been assigned to two key Board committees: the Governance, Membership and Sustainability Committee and the People and Compensation Committee, effective February 2, 2023. Investors should note that Ms. Mukherjee has been determined to be an independent director under Nasdaq listing rules, and there are no reportable related-party transactions.
Mondelez International, Inc. 8-K Report, Financial Results (Jan 31, 2023)
Mondelez International, Inc. (MDLZ) filed an 8-K report on January 31, 2023, primarily to furnish its earnings press release for the fourth quarter and full year ended December 31, 2022. The press release, attached as Exhibit 99.1, contains the company's financial results and operational performance for the period. Investors should refer to this press release for detailed financial information and commentary from management regarding the company's performance and outlook. This filing does not contain new material agreements or significant business changes beyond the earnings announcement. As is standard practice, the information furnished in the press release is not considered 'filed' for regulatory purposes under Section 18 of the Exchange Act, meaning it does not carry the same liability as formally filed documents unless specifically incorporated into another filing. Investors should consult the press release itself for the substance of the earnings report.
Mondelez International, Inc. 8-K Report, Executive Changes (Dec 13, 2022)
Mondelez International, Inc. (MDLZ) announced a change to its Board of Directors via an 8-K filing on December 13, 2022. Effective January 1, 2023, the size of the Board will increase from 10 to 11 members with the appointment of Anindita (Ann) Mukherjee. Ms. Mukherjee brings significant leadership experience as the current Chairwoman and Chief Executive Officer of Pernod Ricard NA. Her appointment is a strategic move to enhance the board's expertise. Investors can anticipate standard director compensation and indemnification for Ms. Mukherjee, consistent with existing company policies. There are no disclosed related-party transactions or specific arrangements that would raise immediate concerns.
Mondelez International, Inc. 8-K Report, Financial Results (Nov 1, 2022)
Mondelez International, Inc. (MDLZ) filed a Form 8-K on November 1, 2022, primarily to furnish its third-quarter 2022 earnings press release, dated November 1, 2022. While this filing does not contain new operational or financial data directly within the 8-K document itself, it serves as the official public dissemination channel for the company's Q3 2022 financial results and associated commentary. Investors should refer to the furnished Exhibit 99.1, the earnings press release, for detailed insights into the company's performance during the third quarter ended September 30, 2022. This report signifies the formal reporting of Q3 2022 results, which would typically include key financial metrics such as revenue, earnings per share (EPS), profit margins, and updates on business outlook or segment performance. It is important for investors to review the press release to understand how these figures compare to prior periods and analyst expectations, and to identify any strategic updates or forward-looking statements made by the company.
Mondelez International, Inc. 8-K Report, Bylaw Amendment (Oct 24, 2022)
Mondelēz International, Inc. (MDLZ) filed an 8-K on October 24, 2022, disclosing amendments to its Amended and Restated By-Laws, effective October 19, 2022. The most significant changes for investors relate to shareholder meetings and proposals, aiming to provide greater clarity and structure to these processes. Key amendments include revised requirements for shareholders calling special meetings or proposing business/nominations at annual meetings. These updates focus on the information shareholders must provide, especially concerning proxy solicitations and director nominations, aligning with SEC rules like Rule 14a-19. Additionally, the by-laws now specify that the Lead Director will be appointed by independent directors and clarify court venue requirements for certain shareholder lawsuits. These changes are designed to enhance corporate governance and streamline the shareholder engagement process.
Mondelez International, Inc. 8-K Report, Regulation FD Disclosure (Oct 11, 2022)
Mondelēz International, Inc. (MDLZ) filed an 8-K on October 11, 2022, to provide supplemental non-GAAP financial information. This filing details the retrospective impact of several divestitures and business changes on their historical non-GAAP financial results. Specifically, it addresses the sale of JDE Peet's (JDEP) shares, the sale of a business in Argentina, and the expiration of a Kraft Heinz Company (KHC) license agreement for Kraft mayonnaise in Latin America. These adjustments are intended to enhance comparability and provide greater transparency into the company's underlying operational performance by removing the impact of these transactions from non-GAAP measures like Organic Net Revenue, Adjusted Gross Profit, Adjusted Operating Income, and Adjusted EPS for all historical periods presented. The company is recasting its historical non-GAAP financial results to reflect these changes. This retrospective adjustment is particularly relevant for the third quarter of 2022 and subsequent periods, especially concerning the JDEP share sale due to the one-quarter lag in reporting JDEP's results. Investors should note that these adjustments do not alter the company's reported U.S. GAAP financial results, which continue to include the historical financial impact of these divested businesses and investments.