Business Context and Reporting Period
This Form 8-K Current Report was filed by Coca-Cola Consolidated, Inc. on January 10, 2025, covering events reported as of January 7, 2025. The filing addresses significant changes in executive leadership within the Company.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
- Resignation of CFO: F. Scott Anthony, Executive Vice President and Chief Financial Officer, notified the Company of his resignation effective March 31, 2025. The departure is due to retirement and is not the result of any disagreement regarding operations, policies, financial statements, or internal controls.
- Appointment of New CFO: Matthew J. Blickley, currently Senior Vice President, Financial Planning and Chief Accounting Officer, was appointed as the new Executive Vice President and Chief Financial Officer, effective April 1, 2025.
- Transition Plan: Mr. Anthony will serve as a consultant post-retirement to assist with the transition of responsibilities.
Outlook, Risks, and Management Commentary
The Company confirmed that the leadership transition is planned and orderly. Mr. Blickley, age 42 and a certified public accountant, has served as Chief Accounting Officer since August 2020. The filing explicitly states there are no undisclosed arrangements or family relationships influencing Mr. Blickley's selection. No specific financial guidance, risks, or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the exact effective dates for the departure of F. Scott Anthony (March 31, 2025) and the appointment of Matthew J. Blickley (April 1, 2025).
- Review the attached press release (Exhibit 99.1) for additional details on the transition plan.
- Confirm that no disagreements regarding financial reporting or internal controls exist, as stated in the filing.
- Monitor future filings for the appointment of an interim CFO if a gap exists between the two effective dates.