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The Coca-Cola Company logoThe Coca-Cola Company KO

The company said on Tuesday, October 17, 2024, that it increased the size of its board to 12 members and elected Bela Bajaria as a director, effective immediately. Bajaria was also appointed to the Talent and Compensation Committee.

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

Key points

AI summary
  1. The company said on Tuesday, October 17, 2024, that it increased the size of its board to 12 members and elected Bela Bajaria as a director, effective immediately. Bajaria was also appointed to the Talent and Compensation Committee.

  2. The company said Bajaria will participate in The Coca-Cola Company Directors’ Plan and will receive a prorated portion of the annual compensation paid to non-employee directors in 2024. That compensation consists of quarterly cash installments of $90,000 and deferred share units valued at $200,000.

  3. The company said Bajaria, as Netflix’s Chief Content Officer, oversees all television and film in all languages and manages a content budget of about $17 billion annually. She joined Netflix in 2016 and previously held senior roles at CBS Entertainment and NBCUniversal.

  4. The company said it declared a regular quarterly dividend of 48.5 cents per common share. The dividend is payable on December 16 to shareowners of record at the close of business on November 29.

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.

Board Elects Director and Sets Board at 12 Members

The company said on Tuesday, October 17, 2024, that it increased the size of its board to 12 members and elected Bela Bajaria as a director, effective immediately. Bajaria was also appointed to the Talent and Compensation Committee.

Source · Based on the filing body and exhibits

Director Compensation Terms for New Board Member

The company said Bajaria will participate in The Coca-Cola Company Directors’ Plan and will receive a prorated portion of the annual compensation paid to non-employee directors in 2024. That compensation consists of quarterly cash installments of $90,000 and deferred share units valued at $200,000.

Source · Based on the filing body and exhibits

Bajaria’s Background and Netflix Role

The company said Bajaria, as Netflix’s Chief Content Officer, oversees all television and film in all languages and manages a content budget of about $17 billion annually. She joined Netflix in 2016 and previously held senior roles at CBS Entertainment and NBCUniversal.

Source · Based on the filing body and exhibits

Regular Quarterly Dividend Declared

The company said it declared a regular quarterly dividend of 48.5 cents per common share. The dividend is payable on December 16 to shareowners of record at the close of business on November 29.

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.