JAB BevCo completes $2.7B secondary offering of 83.95M KDP shares; three directors resign

Keurig Dr Pepper Inc.

JAB BevCo sold 83.95M shares (73M base + 10.95M over-allotment) in public secondary offering closing Feb 28, 2025.
Gross proceeds to JAB BevCo ~$2.7B; Keurig Dr Pepper received no proceeds from the sale.
Three JAB-affiliated directors (Creus, Engelen, Goudet) resigned effective at offering close; board reduced from 11 to 8.
Resignations were not due to any disagreement with the Company or Board.

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