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The Coca-Cola Company logoThe Coca-Cola Company KO

The company said Barry Diller, Alexis Herman and Marc Bolland, three members of its Board of Directors, have each notified it of their decision to retire from the Board, effective August 1, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said Barry Diller, Alexis Herman and Marc Bolland, three members of its Board of Directors, have each notified it of their decision to retire from the Board, effective August 1, 2024.

  2. The company said it received notice from Marc Bolland and Alexis Herman on July 19, 2024, and from Barry Diller on July 22. It said the retirements are not due to any disagreements on matters related to the company's operations, policies or practices.

  3. The company said the three directors served a combined 48 years on the board. Diller has served as a director since 2002, Herman since 2007 and Bolland since 2015, and Diller has been chairman of the finance committee since 2013.

  4. The Coca-Cola Company said James Quincey, Chairman and CEO, said the company will continue its ongoing work to refresh the board with new directors, and that it will ensure future nominees contribute to the collective expertise of the board.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Three directors to retire from board

The company said Barry Diller, Alexis Herman and Marc Bolland, three members of its Board of Directors, have each notified it of their decision to retire from the Board, effective August 1, 2024.

Source · Based on the filing body and exhibits

Notice Timing and Reasons for Retirements

The company said it received notice from Marc Bolland and Alexis Herman on July 19, 2024, and from Barry Diller on July 22. It said the retirements are not due to any disagreements on matters related to the company's operations, policies or practices.

Source · Based on the filing body and exhibits

Combined Board Tenure and Director Start Dates

The company said the three directors served a combined 48 years on the board. Diller has served as a director since 2002, Herman since 2007 and Bolland since 2015, and Diller has been chairman of the finance committee since 2013.

Source · Based on the filing body and exhibits

Plans to Continue Refreshing the Board

The Coca-Cola Company said James Quincey, Chairman and CEO, said the company will continue its ongoing work to refresh the board with new directors, and that it will ensure future nominees contribute to the collective expertise of the board.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.