Keurig Dr Pepper Inc.
10/28/2024 | Press release | Distributed by Public on 10/28/2024 15:26
Management Change/Compensation Form 8 K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 28, 2024, Lubomira Rochet notified the Executive Chairman of the Board of Directors (the "Board") of Keurig Dr Pepper Inc. (the "Company") of her immediate resignation from the Board. Ms. Rochet's resignation did not result from any disagreement with the Company or the Board.
Also on October 28, 2024, the Board appointed Frank Engelen, Managing Partner and Chief Financial Officer of JAB Holding Company, as a member of the Board, effective immediately. Mr. Engelen will serve for an initial term to expire concurrently with the terms of the other members of the Board at the Company's 2025 annual meeting of stockholders, or until his earlier death, resignation or removal. Mr. Engelen will not serve on any committees of the Board. There are no arrangements or understandings between Mr. Engelen and any other persons pursuant to which Mr. Engelen was appointed as a director, and Mr. Engelen is not a party to any transaction with the Company reportable under Item 404(a) of Regulation S-K under the Securities Act of 1933. Mr. Engelen will participate in the compensation arrangements for non-employee directors as described in the Company's 2024 Proxy Statement filed with the SEC on April 26, 2024.