secwatch.observer — SEC 8-K summary
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Issuer:     PEPSICO INC (PEP)
CIK:        0000077476
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0000077476-25-000025
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

PepsiCo shareholders elect 15 directors, reject all four shareholder proposals at 2025 annual meeting
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- All 15 director nominees elected; Ramon Laguarta received ~8% against votes (80M against).
- KPMG ratified as auditor with 1.09B for versus 85.7M against.
- Advisory 'say-on-pay' approved with 866M for (86.7%), 131M against.
- Four shareholder proposals on sugar-sweetener risk, racial equity audit, biodiversity, and plastic packaging all defeated with >80% against.
- Broker non-votes of 175M shares on director elections and advisory items.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77476/000007747625000025/0000077476-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77476/000007747625000025/pep-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000077476-25-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer