secwatch.observer — SEC 8-K summary
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Issuer:     Keurig Dr Pepper Inc. (KDP)
CIK:        0001418135
Form:       8-K
Filed at:   2021-09-24T23:59:59+00:00
Accession:  0001418135-21-000024
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KDP NEO Fernando Cortes departs; separation agreement provides $5.12M in cash payments
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- Fernando Cortes, named executive officer, separated from KDP effective Sep 24, 2021 under separation agreement.
- Severance benefits of $1,620,000 (1.5x base salary + target bonus) paid in installments.
- Leadership Integration Bonus of $3,500,000 lump sum paid within 30 business days.
- Eligible for pro-rata FY 2021 annual incentive under Short Term Incentive Program.
- Agreement includes 2-year non-compete, non-solicit, and release of claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418135/000141813521000024/0001418135-21-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418135/000141813521000024/kdp-20210924.htm
  HTML page:      https://secwatch.observer/filing/0001418135-21-000024

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