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The Coca-Cola Company logoThe Coca-Cola Company KO

The company said Erin "Ellie" May, currently Senior Vice President and Controller, was appointed to the additional role of Chief Accounting Officer, the Company's Principal Accounting Officer, effective June 1, 2024. On May 2, 2024, Coca-Cola announced the appointment.

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

Key points

AI summary
  1. The company said Erin "Ellie" May, currently Senior Vice President and Controller, was appointed to the additional role of Chief Accounting Officer, the Company's Principal Accounting Officer, effective June 1, 2024. On May 2, 2024, Coca-Cola announced the appointment.

  2. Mark Randazza, who has been Principal Accounting Officer since May 2017, will serve in that role until May's appointment takes effect, the company said, and will then continue as Senior Vice President and Assistant Controller. It said May spent more than 20 years at Ernst & Young LLP before joining the company.

  3. The company said in a letter to May dated May 1, 2024 that her base salary will be $470,000, effective June 1, 2024. May will remain eligible for the company's annual and long-term incentive programs and will remain subject to its share ownership guidelines.

  4. The company said shareowners approved The Coca-Cola Company 2024 Equity Plan at its annual meeting on May 1, 2024, and the plan's effective date is the same day. The number of shares reserved for issuance is 240,000,000, plus shares returned to the plan reserve for reuse, and votes in favor were 95.74%.

Summary

AI-written

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

Erin "Ellie" May Appointed Chief Accounting Officer

The company said Erin "Ellie" May, currently Senior Vice President and Controller, was appointed to the additional role of Chief Accounting Officer, the Company's Principal Accounting Officer, effective June 1, 2024. On May 2, 2024, Coca-Cola announced the appointment.

Source · Based on the filing body and exhibits

Mark Randazza's Role Change and May's Background

Mark Randazza, who has been Principal Accounting Officer since May 2017, will serve in that role until May's appointment takes effect, the company said, and will then continue as Senior Vice President and Assistant Controller. It said May spent more than 20 years at Ernst & Young LLP before joining the company.

Source · Based on the filing body and exhibits

May's New Role Base Salary $470,000

The company said in a letter to May dated May 1, 2024 that her base salary will be $470,000, effective June 1, 2024. May will remain eligible for the company's annual and long-term incentive programs and will remain subject to its share ownership guidelines.

Source · Based on the filing body and exhibits

2024 Equity Plan Approved and Shares Reserved

The company said shareowners approved The Coca-Cola Company 2024 Equity Plan at its annual meeting on May 1, 2024, and the plan's effective date is the same day. The number of shares reserved for issuance is 240,000,000, plus shares returned to the plan reserve for reuse, and votes in favor were 95.74%.

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.