{"schema_version":"secwatch.filing_event.v1","accession":"0000077476-23-000028","form_type":"8-K","ticker":"PEP","cik":"0000077476","company_name":"PEPSICO INC","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.207885+00:00","generated_at":"2026-06-15T18:41:20.845041+00:00","sec_items":["5.07"],"event_type":"other","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"confidence":"high","headline":"PepsiCo shareholders elect all 15 directors, approve advisory say-on-pay annually, defeat all five shareholder proposals","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000077476-23-000028","json":"https://secwatch.observer/filing/0000077476-23-000028.json","markdown":"https://secwatch.observer/filing/0000077476-23-000028.md","text":"https://secwatch.observer/filing/0000077476-23-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/77476/000007747623000028/0000077476-23-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/77476/000007747623000028/pep-20230503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T18:41:20.845041+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4598f242736e1ae24ad7e70b916cf49f2d6b9fb7","claim":"PEPSICO INC shareholders approved Election of 15 directors at the 2023-05-03 meeting.","evidence_excerpt":"Below are the final voting results. (1) The following 15 persons were elected to serve as directors of PepsiCo:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/77476/000007747623000028/0000077476-23-000028-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"},{"claim_id":"4d6e0c50dc583a6f62b334be64417e589ca52dc1","claim":"PEPSICO INC shareholders rejected Shareholder proposal regarding a report on impacts of reproductive healthcare legislation at the 2023-05-03 meeting.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/77476/000007747623000028/0000077476-23-000028-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"},{"claim_id":"4fabc0a725650d51cd0643f2c7d720db3750e001","claim":"PEPSICO INC shareholders rejected Shareholder proposal regarding a congruency report on net-zero emissions policies at the 2023-05-03 meeting.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/77476/000007747623000028/0000077476-23-000028-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"},{"claim_id":"674e8e324ddfeb85a477ae06732cd997ef28631f","claim":"PEPSICO INC shareholders approved Advisory vote on executive compensation at the 2023-05-03 meeting.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/77476/000007747623000028/0000077476-23-000028-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"},{"claim_id":"72721dd4740d4e24de5f48171135efedcab5c8bb","claim":"PEPSICO INC shareholders rejected Shareholder proposal regarding independent Board Chair at the 2023-05-03 meeting.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/77476/000007747623000028/0000077476-23-000028-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"},{"claim_id":"a0b55ba4e263515a6c9b3aa0f964f30ba6df7518","claim":"PEPSICO INC shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-03 meeting.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/77476/000007747623000028/0000077476-23-000028-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"},{"claim_id":"d6e5d61a45c088eb07dccb960bbcf228734e8b8c","claim":"PEPSICO INC shareholders rejected Shareholder proposal regarding a global transparency report at the 2023-05-03 meeting.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/77476/000007747623000028/0000077476-23-000028-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"},{"claim_id":"f2f0a64ff68f1cec0ea6d4639dc7816ecb7ce6dd","claim":"PEPSICO INC shareholders approved Advisory vote on frequency of future say-on-pay votes (every year) at the 2023-05-03 meeting.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/77476/000007747623000028/0000077476-23-000028-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}