Summary
This filing is an amendment (10-K/A) to PepsiCo Inc.'s Annual Report for the fiscal year ended December 28, 2002. The amendment specifically addresses Item 14, focusing on Controls and Procedures. Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective in ensuring timely disclosure of material information in its SEC filings. No significant changes to internal controls were noted subsequent to the evaluation period. For investors, this amendment primarily provides assurance regarding the integrity of PepsiCo's financial reporting processes as of early 2003. The confirmation of effective disclosure controls suggests a stable internal environment, which is a positive indicator for transparency and reliability of the company's public financial statements. Investors can take comfort in the company's assertion of robust internal oversight.
Key Highlights
- 1Amendment No. 1 to the 2002 Form 10-K was filed on May 28, 2003.
- 2The amendment exclusively revises Item 14: Controls and Procedures.
- 3PepsiCo's management, including the CEO and CFO, affirmed the effectiveness of its disclosure controls and procedures.
- 4The evaluation of disclosure controls was conducted within 90 days prior to the filing date of this amendment.
- 5The company concluded that its disclosure controls were effective in alerting management to material information for timely SEC filings.
- 6No significant changes in internal controls or other factors affecting internal controls were identified subsequent to the evaluation.
- 7PepsiCo's common stock is registered on the New York and Chicago Stock Exchanges.