Business Context and Reporting Period
This Form 8-K Current Report was filed by The Coca-Cola Company on September 26, 2016. The report addresses a corporate governance event regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the resignation of Evan G. Greenberg from the Company's Board of Directors, effective October 1, 2016. Mr. Greenberg cited increased time demands following the acquisition of The Chubb Corporation by ACE Limited (renamed Chubb Limited) as the reason for his departure. He served as the Chair of the Audit Committee. Ronald W. Allen has been appointed Acting Chair of the Audit Committee.
Guidance, Outlook, and Risks
The filing states that Mr. Greenberg did not communicate any disagreement with the Company regarding its operations, policies, or practices. There is no financial guidance, outlook, or discussion of new risks or contingencies in this document.
Key Facts for Investors
- Evan G. Greenberg resigned from the Board of Directors effective October 1, 2016.
- The resignation is due to time commitments related to his role as Chairman and CEO of Chubb Limited.
- No disagreement with the Company's operations or policies was reported.
- Ronald W. Allen was appointed Acting Chair of the Audit Committee.
- This filing contains no financial results or forward-looking financial guidance.