secwatch.observer — SEC 8-K summary
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Issuer:     PEPSICO INC (PEP)
CIK:        0000077476
Form:       8-K
Filed at:   2026-09-17T21:10:36+00:00
Accession:  0000077476-26-000042
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

PepsiCo elects J&J CEO Joaquin Duato to board, effective Dec 1, 2026
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- Duato, 64, to join as independent director and serve on Audit Committee starting Dec 1, 2026.
- He has been Johnson & Johnson Chairman since 2023 and CEO since 2022; director since 2022.
- Receives 1,000 PepsiCo shares plus prorated phantom stock units (approx. $166,667 value at 12/1/26 close).
- Annual cash retainer begins with $60,000 semi-annual payment in June 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77476/000007747626000042/0000077476-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77476/000007747626000042/pep-20260917.htm
  HTML page:      https://secwatch.observer/filing/0000077476-26-000042

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