2 unchanged sentences
The $4 billion authorization is effective for four years, beginning on January 1, 2022 and expiring on December 31, 2025, and does not require the purchase of any minimum number of shares.
−Removed: We did not repurchase any shares under this program during the third quarter of 2022.
+Added: The following table summarizes shares repurchased by the Company under this program during the first quarter of 2023:
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Amount of Dollars that May Yet be Used to Purchase Shares Under the Program (in millions) (1)
+Added: January 1 to January 31 2,000,000 $ 34.59 2,000,000 $ 3,552
+Added: February 1 to February 28 471,803 35.74 471,803 3,535
+Added: March 1 to March 31 4,135,722 35.05 4,135,722 3,390
+Added: Total 6,607,525 $ 34.96 6,607,525 $ 3,390
+Added: (1) The share repurchase program was authorized prior to the issuance of the Inflation Reduction Act of 2022, which imposes a 1% excise tax on net share repurchases that occur after December 31, 2022.
+Added: For the first quarter of 2023, the Company recorded $1 million to additional paid-in capital for the excise tax associated with shares repurchased during the quarter.
Amended and Restated Certificate of Incorporation of Dr Pepper Snapple Group, Inc.
8 unchanged sentences
effective as of July 9, 2018 (filed as Exhibit 3.2 to the Company's Current Report on Form 8-K (filed July 9, 2018) and incorporated herein by reference).
−Removed: Letter Agreement by and between the Company and Mauricio Leyva dated July 15, 2022 (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K (filed on July 19, 2022) and incorporated herein by reference).
−Removed: Letter Agreement by and between the Company and Ozan Dokmecioglu dated July 25, 2022 (filed as Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q (filed on July 28, 2022) and incorporated herein by reference).++
−Removed: Keurig Dr Pepper Inc.
−Removed: Executive Severance Plan, effective as of July 29, 2022 (filed as Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q (filed on July 28, 2022) and incorporated herein by reference).++
Certification of Chief Executive Officer of Keurig Dr Pepper Inc.
6 unchanged sentences
pursuant to Rule 13a-14(b) or 15d-14(b) promulgated under the Exchange Act, and Section 1350 of Chapter 63 of Title 18 of the United States Code.
−Removed: 101* The following financial information from Keurig Dr Pepper Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, formatted in Inline XBRL:
+Added: 101* The following financial information from Keurig Dr Pepper Inc.'s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, formatted in Inline XBRL:
(i) Condensed Consolidated Statements of Income, (ii) Condensed Consolidated Statements of Comprehensive Income, (iii) Condensed Consolidated Balance Sheets, (iv) Condensed Consolidated Statements of Cash Flows, (v) Condensed Consolidated Statement of Changes in Stockholders' Equity, and (vi) the Notes to Condensed Consolidated Financial Statements.
3 unchanged sentences
** Furnished herewith.
−Removed: ++ Indicates a management contract or compensatory plan or arrangement.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Keurig Dr Pepper Inc.
−Removed: /s/ George Lagoudakis
−Removed: George Lagoudakis
−Removed: Interim Chief Financial Officer
+Added: /s/ Sudhanshu Priyadarshi
+Added: Sudhanshu Priyadarshi
+Added: Chief Financial Officer
(Principal Financial Officer)
−Removed: October 27, 2022
+Added: April 27, 2023
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.