Summary
PepsiCo, Inc. (PEP) filed an amendment (8-K/A) on February 9, 2004, to its previously filed Current Report on Form 8-K dated February 5, 2004. This amendment serves to correct previously issued financial results for the fourth quarter and fiscal year ended 2003. The primary reason for the revision is an overstatement of stock option expense due to a computational error. Investors should note that while the original earnings release was issued on February 5, 2004, this amended filing provides the corrected financial figures. The company is furnishing this information, which will not be deemed 'filed' for certain purposes under the Securities Exchange Act of 1934, but it is crucial for understanding the accurate financial performance and position of PepsiCo for the periods in question. The specific details of the revisions are provided in a press release dated February 9, 2004, which is attached as an exhibit.
Key Highlights
- 1Amendment to prior 8-K filing concerning 2003 year-end and fourth-quarter results.
- 2The revision corrects an overstatement of stock option expense.
- 3The error was due to a computational mistake.
- 4The amended filing provides revised 2003 and 2002 financial results.
- 5A press release dated February 9, 2004, details the corrections and is included as an exhibit.
- 6The company is furnishing this information, and it is not being 'filed' under specific sections of the Securities Exchange Act.