8-K
filed May 5, 2023, 7:59 PM ET
ticker PEP
CIK 0000077476
other
confidence high
sentiment neutral
materiality 0.15
PepsiCo shareholders elect all 15 directors, approve advisory say-on-pay annually, defeat all five shareholder proposals
PEPSICO INC
- All 15 director nominees elected; Ramon Laguarta received 943.6M for, 69.1M against.
- Ratification of KPMG as auditor approved with 1.125B votes for (95.5%).
- Advisory say-on-pay passed with 901.2M for (89.1%); frequency set to every year with 994.9M for.
- Shareholder proposal for independent board chair defeated: 250.8M for vs 747.0M against.
- Proposals on global transparency report, reproductive healthcare impact, and net-zero congruency all defeated.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PEPSICO INC shareholders approved Election of 15 directors at the 2023-05-03 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
Below are the final voting results. (1) The following 15 persons were elected to serve as directors of PepsiCo:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PEPSICO INC shareholders rejected Shareholder proposal regarding a report on impacts of reproductive healthcare legislation at the 2023-05-03 meeting.
- Outcome
- failed
- Meeting
- 2023-05-03
Exact text from the filing
(7) The shareholder proposal regarding a report on impacts of reproductive healthcare legislation was defeated: For 158,917,578 Against 830,627,354 Abstain 30,602,957 Broker Non-Votes 172,969,325
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PEPSICO INC shareholders rejected Shareholder proposal regarding a congruency report on net-zero emissions policies at the 2023-05-03 meeting.
- Outcome
- failed
- Meeting
- 2023-05-03
Exact text from the filing
(8) The shareholder proposal regarding a congruency report on net-zero emissions policies was defeated: For 19,718,780 Against 977,228,788 Abstain 23,200,321 Broker Non-Votes 172,969,325
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PEPSICO INC shareholders approved Advisory vote on executive compensation at the 2023-05-03 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
(3) The shareholders approved, on an advisory basis, PepsiCo’s executive compensation: For 901,248,622 Against 110,102,370 Abstain 8,796,897 Broker Non-Votes 172,969,325
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PEPSICO INC shareholders rejected Shareholder proposal regarding independent Board Chair at the 2023-05-03 meeting.
- Outcome
- failed
- Meeting
- 2023-05-03
Exact text from the filing
(5) The shareholder proposal regarding independent Board Chair was defeated: For 250,838,697 Against 746,982,272 Abstain 22,326,920 Broker Non-Votes 172,969,325
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PEPSICO INC shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-03 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
(2) The shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for PepsiCo for fiscal year 2023: For 1,125,448,378 Against 65,112,424 Abstain 2,556,412
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PEPSICO INC shareholders rejected Shareholder proposal regarding a global transparency report at the 2023-05-03 meeting.
- Outcome
- failed
- Meeting
- 2023-05-03
Exact text from the filing
(6) The shareholder proposal regarding a global transparency report was defeated: For 185,034,699 Against 814,416,953 Abstain 20,696,237 Broker Non-Votes 172,969,325
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PEPSICO INC shareholders approved Advisory vote on frequency of future say-on-pay votes (every year) at the 2023-05-03 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
(4) The shareholders approved, on an advisory basis, the holding of an advisory vote on the compensation of PepsiCo’s named executive officers every year: One Year 994,856,204 Two Years 4,331,004 Three Years 17,603,165 Abstain 3,357,516 Broker Non-Votes 172,969,325
View on SEC.gov
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