---
schema_version: "secwatch.filing_event.v1"
accession: "0001418135-23-000016"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:37:41.956269+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Keurig Dr Pepper appoints Tim Cofer as COO, plans CEO succession in Q2 2024

## Summary
- 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.

## SEC filing metadata
- accession: 0001418135-23-000016
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2023-09-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000016/0001418135-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000016/kdp-20230918.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418135-23-000016
- JSON: https://secwatch.observer/filing/0001418135-23-000016.json
- Plain text: https://secwatch.observer/filing/0001418135-23-000016.txt

## Key facts
- Executive change
  Robert Gamgort changed role as Executive Chairman at Keurig Dr Pepper Inc..
  - Action: transitioning
  - Role: Executive Chairman
  source text: with Mr. Gamgort transitioning to the role of Executive Chairman at that time
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000016/0001418135-23-000016-index.htm
- Executive change
  Timothy Cofer was appointed as Chief Executive Officer at Keurig Dr Pepper Inc..
  - Action: will succeed
  - Role: Chief Executive Officer
  source text: The Company expects that in the second quarter of 2024, Mr. Cofer will succeed Robert Gamgort as Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000016/0001418135-23-000016-index.htm
- Executive change
  Timothy Cofer was appointed as Chief Operating Officer at Keurig Dr Pepper Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: appointment of Timothy Cofer to the position of Chief Operating Officer, effective November 6, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000016/0001418135-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.