home · filing · 0001418135-23-000016
8-K filed September 22, 2023, 7:59 PM ET
ticker KDP
CIK 0001418135
leadership
confidence high
sentiment neutral
materiality 0.75
Keurig Dr Pepper appoints Tim Cofer as COO, plans CEO succession in Q2 2024
Keurig Dr Pepper Inc.
Tim Cofer appointed KDP COO effective Nov 6, 2023; will succeed Bob Gamgort as CEO in Q2 2024.
Cofer receives $1.15M base salary as COO, target annual bonus 125%, LTIP target $3.5M.
CEO compensation upon promotion: $1.25M base, target bonus 150%, LTIP target $4M.
Sign-on package includes $7M RSUs (multi-year vest) and $8M cash bonus with clawback provisions.
Cofer required to invest $12.5M in KDP stock; matching RSUs vest after 5 years.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Role change
Robert Gamgort
Executive Chairman
KDP ·
Keurig Dr Pepper Inc.
Successor Timothy Cofer
Filed September 22, 2023, 7:59 PM ET
with Mr. Gamgort transitioning to the role of Executive Chairman at that time
Appointed
Timothy Cofer
Chief Executive Officer
KDP ·
Keurig Dr Pepper Inc.
Successor Robert Gamgort
Filed September 22, 2023, 7:59 PM ET
The Company expects that in the second quarter of 2024, Mr. Cofer will succeed Robert Gamgort as Chief Executive Officer of the Company
Appointed
Timothy Cofer
Chief Operating Officer
KDP ·
Keurig Dr Pepper Inc.
Effective 2023-11-06
Filed September 22, 2023, 7:59 PM ET
appointment of Timothy Cofer to the position of Chief Operating Officer, effective November 6, 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert Gamgort changed role as Executive Chairman at Keurig Dr Pepper Inc..
Action transitioning
Role Executive Chairman
Exact text from the filing
with Mr. Gamgort transitioning to the role of Executive Chairman at that time
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Timothy Cofer was appointed as Chief Executive Officer at Keurig Dr Pepper Inc..
Action will succeed
Role Chief Executive Officer
Exact text from the filing
The Company expects that in the second quarter of 2024, Mr. Cofer will succeed Robert Gamgort as Chief Executive Officer of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy Cofer was appointed as Chief Operating Officer at Keurig Dr Pepper Inc..
Action appointed
Role Chief Operating Officer
Exact text from the filing
appointment of Timothy Cofer to the position of Chief Operating Officer, effective November 6, 2023.
View on SEC.gov
Source: SEC EDGAR
accession 0001418135-23-000016
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