secwatch.observer — SEC 8-K summary
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Issuer:     Coca-Cola Consolidated, Inc. (COKE)
CIK:        0000317540
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001628280-25-050682
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 1.02, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coca-Cola Consolidated buys back all Coca-Cola Co. shares for $2.4B, funds with $1.2B loan
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- Repurchased 18.8M shares at $127/share from Coca-Cola Co. subsidiary for ~$2.4B, funded with cash and $1.2B 364-day term loan.
- TCCC relinquishes its board seat; director Elaine Bowers Coventry resigns effective Nov 7, 2025 in connection with the transaction.
- Board reduces share repurchase authorization from $1B to $400M; remaining ~$136.3M available under the revised program.
- Company expects to refinance the $1.2B term loan with new term loan facilities in the near future.
- Chairman/CEO J. Frank Harrison III says transaction builds long-term value and signals confidence in the U.S. Coca-Cola system.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317540/000162828025050682/0001628280-25-050682-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317540/000162828025050682/coke-20251107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-050682

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