Form 8-K · Current Report · Filed 2024-10-17
Bela Bajaria Elected to Coca-Cola Board, Regular Dividend Declared
On October 17, 2024, The Coca-Cola Company announced that Bela Bajaria, Chief Content Officer of Netflix, was elected to its Board of Directors, effective immediately, increasing the Board size to 12 members.
- Filer
- The Coca-Cola Company KO · NYSE
- Filed
- Accession
- 0000021344-24-000051
- CIK
- 0000021344
- Signal
- Medium impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Details
Ms. Bajaria, who oversees all Netflix television and film content and reports to co-CEO Ted Sarandos, will participate in the Company's Directors' Plan, receiving $90,000 in cash and $200,000 in deferred share units in 2024. Additionally, the Company declared a regular quarterly dividend of 48.5 cents per common share, payable December 16, 2024, to shareholders of record as of November 29, 2024. A press release with further details is furnished as Exhibit 99.1.
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$70.57
Next session
-0.2%
Since filing
+24.1%
Latest close
$87.59
What happened, not what will happen — closing prices around the filing date.
Exhibits (1)
About The Coca-Cola Company
The Coca-Cola Company is a leading multinational beverage corporation, renowned for its signature product, Coca-Cola, a carbonated soft drink that ranks among the most recognized brands globally. Founded in 1892, Coca-Cola has grown to produce a diverse portfolio of beverages encompassing various segments such as sparkling soft drinks, juice and juice drinks, water and enhanced waters, ready-to-drink coffees and teas, and sports and energy drinks. The company operates through a network of bottling partners and retailers in more than 200 countries, making it a formidable presence in the consumer goods sector. Known for its marketing prowess and iconic advertisements, Coca-Cola’s influence extends beyond its products, significantly impacting advertising, media industries, and cultural landscapes worldwide. With its headquarters in Atlanta, Georgia, Coca-Cola leverages strategic acquisitions and partnerships to expand its product offerings and market reach continually, making it a vital player in the global non-alcoholic beverage market.
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