--- schema_version: "secwatch.filing_event.v1" accession: "0000077476-24-000026" form_type: "8-K" ticker: "PEP" cik: "0000077476" company_name: "PEPSICO INC" filed_at: "2024-05-03T23:59:59+00:00" generated_at: "2026-06-02T23:31:14.594769+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # PepsiCo shareholders approve LTIP, say-on-pay, and all director nominees; all 7 shareholder proposals defeated ## Summary - Fifteen directors elected, all with >90% support; Ramon Laguarta received lowest at 92.4%. - KPMG ratified as FY2024 auditor with 93.5% for (1.1B shares voted). - Say-on-pay approved with 88.9% of votes cast (889.4M for, 102.7M against). - Long-Term Incentive Plan approved with 94.0% of votes cast (942.1M for). - Shareholder proposals on golden parachutes, gender pay, DEI, and others all defeated by >80%. ## SEC filing metadata - accession: 0000077476-24-000026 - form_type: 8-K - ticker: PEP - cik: 0000077476 - company_name: PEPSICO INC - filed_at: 2024-05-03T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 5.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/pep-20240501.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000077476-24-000026 - JSON: https://secwatch.observer/filing/0000077476-24-000026.json - Plain text: https://secwatch.observer/filing/0000077476-24-000026.txt ## Key facts - Shareholder Votes PEPSICO INC shareholders rejected Shareholder proposal regarding ratification of excessive golden parachutes at the 2024-05-01 meeting. - Proposal: auditor ratification - Outcome: failed - Meeting: 2024-05-01 source text: The shareholders voted against a shareholder proposal regarding shareholder ratification of excessive golden parachutes: For 65,453,445 Against 927,884,864 Abstain 8,383,478 Broker Non-Votes 180,213,992 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders rejected Shareholder proposal regarding third-party assessment on non-sugar sweetener risks at the 2024-05-01 meeting. - Outcome: failed - Meeting: 2024-05-01 source text: The shareholders voted against a shareholder proposal regarding a third-party assessment on non-sugar sweetener risks: For 112,324,772 Against 868,039,261 Abstain 21,357,754 Broker Non-Votes 180,213,992 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders rejected Shareholder proposal regarding report on risks related to biodiversity and nature loss at the 2024-05-01 meeting. - Outcome: failed - Meeting: 2024-05-01 source text: The shareholders voted against a shareholder proposal regarding a report on risks related to biodiversity and nature loss: For 178,018,946 Against 790,567,899 Abstain 33,134,942 Broker Non-Votes 180,213,992 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders rejected Shareholder proposal regarding third-party racial equity audit at the 2024-05-01 meeting. - Outcome: failed - Meeting: 2024-05-01 source text: The shareholders voted against a shareholder proposal regarding a third-party racial equity audit: For 196,593,851 Against 786,489,111 Abstain 18,638,825 Broker Non-Votes 180,213,992 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders rejected Shareholder proposal regarding global transparency report at the 2024-05-01 meeting. - Outcome: failed - Meeting: 2024-05-01 source text: The shareholders voted against a shareholder proposal regarding a global transparency report: For 146,027,052 Against 831,047,798 Abstain 24,646,937 Broker Non-Votes 180,213,992 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders rejected Shareholder proposal regarding report on gender-based compensation gaps and associated risks at the 2024-05-01 meeting. - Outcome: failed - Meeting: 2024-05-01 source text: The shareholders voted against a shareholder proposal regarding a report on gender-based compensation gaps and associated risks: For 18,365,513 Against 965,634,403 Abstain 17,721,871 Broker Non-Votes 180,213,992 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders approved Election of 15 directors at the 2024-05-01 meeting. - Proposal: director election - Outcome: passed - Meeting: 2024-05-01 source text: The following 15 persons were elected to serve as directors of PepsiCo: Nominee For Against Abstain Broker Non-Votes Segun Agbaje 992,587,294 5,844,363 3,290,130 180,213,992 Jennifer Bailey 994,399,501 4,293,659 3,028,627 180,213,992 Cesar Conde 953,874,248 44,579,459 3,268,080 180,213,992 Ian Cook 953,553,268 44,954,817 3,213,702 180,213,992 Edith W. Cooper 992,624,109 6,028,107 3,069,571 180,213,992 Susan M. Diamond 992,923,590 5,712,787 3,085,410 180,213,992 Dina Dublon 959,868,064 38,761,955 3,091,768 180,213,992 Michelle Gass 993,493,679 5,104,039 3,124,069 180,213,992 Ramon L. Laguarta 924,777,433 69,970,707 6,973,647 180,213,992 Dave J. Lewis 993,610,225 4,916,597 3,194,965 180,213,992 David C. Page, MD 981,671,677 16,776,735 3,273,375 180,213,992 Robert C. Pohlad 961,311,025 37,291,829 3,118,933 180,213,992 Daniel Vasella, MD 946,402,520 52,026,331 3,292,936 180,213,992 Darren Walker 979,013,353 19,436,522 3,271,912 180,213,992 Alberto Weisser 961,094,583 36,993,363 3,633,841 1 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders approved Approval of Amended and Restated PepsiCo, Inc. Long-Term Incentive Plan at the 2024-05-01 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2024-05-01 source text: The shareholders approved the Amended and Restated PepsiCo, Inc. Long-Term Incentive Plan: For 942,110,924 Against 50,972,522 Abstain 8,638,341 Broker Non-Votes 180,213,992 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders rejected Shareholder proposal regarding report on risks created by the Company's diversity, equity and inclusion efforts at the 2024-05-01 meeting. - Outcome: failed - Meeting: 2024-05-01 source text: The shareholders voted against a shareholder proposal regarding a report on risks created by the Company's diversity, equity and inclusion efforts: For 27,063,961 Against 954,327,466 Abstain 20,330,360 Broker Non-Votes 180,213,992 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders approved Advisory approval of executive compensation at the 2024-05-01 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2024-05-01 source text: The shareholders approved, on an advisory basis, PepsiCo’s executive compensation: For 889,447,400 Against 102,710,531 Abstain 9,563,856 Broker Non-Votes 180,213,992 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders rejected Shareholder proposal regarding director election resignation bylaw at the 2024-05-01 meeting. - Proposal: charter amendment - Outcome: failed - Meeting: 2024-05-01 source text: The shareholders voted against a shareholder proposal regarding a director election resignation bylaw: For 176,880,527 Against 812,849,879 Abstain 11,991,381 Broker Non-Votes 180,213,992 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm - Shareholder Votes PEPSICO INC shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for fiscal year 2024 at the 2024-05-01 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2024-05-01 source text: The shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for PepsiCo for fiscal year 2024: For 1,105,513,902 Against 73,973,820 Abstain 2,448,057 evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000026/0000077476-24-000026-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.