Attached files
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EX-3.1 - EX-3.1 - PEPSICO INC | y91180exv3w1.htm |
EX-3.2 - EX-3.2 - PEPSICO INC | y91180exv3w2.htm |
EX-99.1 - EX-99.1 - PEPSICO INC | y91180exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant To Section 13 or 15(d) of the
Securities Exchange Act of 1934
Pursuant To Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 3, 2011
PepsiCo, Inc.
(Exact name of registrant
as specified in charter)
North Carolina (State or other jurisdiction of incorporation) |
1-1183 (Commission File Number) |
13-1584302 (IRS Employer Identification No.) |
700 Anderson Hill Road
Purchase, New York 10577
(Address of principal executive offices)
Purchase, New York 10577
(Address of principal executive offices)
Registrants telephone number, including area code: (914) 253-2000
N/A
(Former name or former address, if changed since last report)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.03. | Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal Year. |
On May 4, 2011, the Board of Directors of PepsiCo, Inc. (PepsiCo) approved an amendment to the
Restated Articles of Incorporation, effective upon filing with the Secretary of State in North
Carolina on May 9, 2011, adding a new Section (13) to ARTICLE EIGHTH of the Restated Articles of
Incorporation that reads as follows:
Except as provided in Section (5) of this Article, each director shall be elected by a majority of
the votes cast with respect to the director by the shares represented in person or by proxy and
entitled to vote at any meeting for the election of directors at which a quorum is present;
provided, however, that if the number of director nominees exceeds the numbers of directors to be
elected, each director shall be elected by a vote of the plurality of the shares represented in
person or by proxy at any such meeting and entitled to vote on the elections of directors. For
purposes of this Section, a majority of the votes cast means that the number of shares voted for
a director must exceed the number of votes cast against that director.
The foregoing description of the amendment to the Restated Articles of Incorporation does not
purport to be complete and is qualified in its entirety by reference to the Restated Articles of
Incorporation, as amended and restated, that are attached hereto as Exhibit 3.1 and incorporated by
reference herein.
On May 4, 2011, the Board of Directors of PepsiCo approved an amendment to the By-Laws of PepsiCo
effective as of May 9, 2011, which amendment deleted a reference to the plurality vote standard in
uncontested elections of directors.
The foregoing description of the amendment to the By-Laws does not purport to be complete and is qualified in its
entirety by reference to the By-Laws, as amended, that are attached hereto as Exhibit 3.2 and
incorporated by reference herein.
Item 5.07. | Submission of Matters to a Vote of Security Holders. |
PepsiCo held its Annual Meeting of Shareholders on May 4, 2011. For more information on the
following proposals, see the companys proxy statement dated March 25, 2011, the relevant portions
of which are incorporated herein by reference. Below are the final voting results.
(1) | The following 12 Persons were elected to serve as directors of PepsiCo: |
Broker | ||||||||||||||||
Nominee | For | Against | Abstain | Non-Votes | ||||||||||||
Shona L. Brown |
1,052,118,858 | 28,239,570 | 4,635,303 | 237,856,967 | ||||||||||||
Ian M. Cook |
1,076,911,300 | 3,454,874 | 4,627,557 | 237,856,967 | ||||||||||||
Dina Dublon |
1,075,683,477 | 4,701,763 | 4,608,491 | 237,856,967 | ||||||||||||
Victor J. Dzau, MD |
1,032,014,967 | 47,696,736 | 5,282,028 | 237,856,967 | ||||||||||||
Ray L. Hunt |
1,045,447,381 | 34,755,079 | 4,791,271 | 237,856,967 | ||||||||||||
Alberto Ibargüen |
1,072,967,600 | 6,670,504 | 5,355,627 | 237,856,967 | ||||||||||||
Arthur C. Martinez |
1,000,878,147 | 79,414,168 | 4,701,416 | 237,856,967 | ||||||||||||
Indra K. Nooyi |
1,063,776,299 | 16,925,578 | 4,291,854 | 237,856,967 | ||||||||||||
Sharon Percy Rockefeller |
1,044,582,322 | 35,873,707 | 4,537,702 | 237,856,967 | ||||||||||||
James J. Schiro |
1,075,725,686 | 4,500,338 | 4,767,707 | 237,856,967 | ||||||||||||
Lloyd G. Trotter |
1,075,556,409 | 4,777,761 | 4,659,561 | 237,856,967 | ||||||||||||
Daniel Vasella |
1,052,018,655 | 28,799,141 | 4,175,935 | 237,856,967 |
(2) | Advisory Vote on Executive Compensation: |
For |
1,019,902,745 | |||
Against |
48,675,746 | |||
Abstain |
16,415,240 | |||
Broker Non-Votes |
237,856,967 |
(3) | Advisory Vote Regarding Frequency of the Shareholder Advisory Vote on Executive Compensation: |
1 Year |
700,381,746 | |||
2 Years |
13,018,447 | |||
3 Years |
364,085,464 | |||
Abstain |
7,508,074 | |||
Broker Non-Votes |
237,856,967 |
In light of the voting results with respect to the frequency of shareholder votes on executive
compensation, PepsiCos Board of Directors has decided that PepsiCo will hold an annual advisory
vote on the compensation of named executive officers. PepsiCo is
required to hold an advisory vote on
frequency at minimum every six years.
(4) | The shareholders ratified the appointment of KPMG as the Independent Registered Public Accounting Firm for the company: |
For |
1,305,721,639 | |||
Against |
11,687,699 | |||
Abstain |
5,441,360 |
(5) | The shareholders approved an amendment to the Restated Articles of Incorporation to implement the majority vote standard in uncontested elections of directors: |
For |
1,301,040,905 | |||
Against |
13,579,307 | |||
Abstain |
8,230,486 |
(6) | The shareholder proposal requesting the right to call special shareholders meetings was defeated: |
For |
486,988,403 | |||
Against |
591,369,645 | |||
Abstain |
6,635,683 | |||
Broker Non-Votes |
237,856,967 |
(7) | The shareholder proposal requesting a political contributions report was defeated: |
For |
103,809,689 | |||
Against |
843,262,581 | |||
Abstain |
137,921,461 | |||
Broker Non-Votes |
237,856,967 |
Item 8.01. | Other Events. |
On May 3, 2011, the Board of Directors of PepsiCo declared a seven percent increase in the
companys annual dividend, from the current annual rate of $1.92 to $2.06 per share on PepsiCo
common stock. The quarterly dividend of $0.515 is payable June 30, 2011, to shareholders of record
on June 3, 2011. Attached as Exhibit 99.1 and incorporated by reference into this Item 8.01 is a
copy of the press release issued by PepsiCo, Inc., dated May 4, 2011.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
3.1 | Articles of Incorporation of PepsiCo, Inc., as amended and restated, effective as of May 9, 2011. |
|||
3.2 | By-Laws of PepsiCo, Inc., as amended, effective as of May 9, 2011. |
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99.1 | Press Release issued by PepsiCo, Inc., dated May 4, 2011. |
SIGNATURES
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 hereunto duly authorized.
PEPSICO, INC. |
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Date: May 9, 2011 | By: | /s/ Thomas H. Tamoney, Jr. | ||
Name: | Thomas H. Tamoney, Jr. | |||
Title: | Senior Vice President, Deputy General Counsel and Assistant Secretary | |||
INDEX TO EXHIBITS
Exhibit Number | Description | |||
3.1 | Articles of Incorporation of PepsiCo, Inc., as amended and
restated, effective as of May 9, 2011. |
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3.2 | By-Laws of PepsiCo, Inc., as amended effective as of May 9, 2011. |
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99.1 | Press
Release issued by PepsiCo, Inc., dated May 4, 2011. |