Business Context and Reporting Period
This Form 8-K Current Report was filed by Mondelez International, Inc. on June 18, 2026, covering events occurring on June 15, 2026. The filing primarily addresses the appointment of a new Chief Financial Officer and associated compensatory arrangements.
Key Financial Metrics
The filing does not provide operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to executive compensation:
- Base Salary: $1,050,000 annually.
- Target Annual Incentive: 125% of base salary.
- Target Annual Long-Term Equity Grant: $5,000,000 (split 50% performance share units, 25% deferred stock units, 25% stock options).
- Make Whole Award: Up to $7,000,000 in cash to offset forfeited compensation from a former employer, subject to repayment conditions.
Material Changes
The material change reported is the leadership transition within the finance function:
- Appointment: Amit Banati was appointed Executive Vice President and Chief Financial Officer, effective July 1, 2026.
- Reporting Line: Mr. Banati will report directly to Dirk Van de Put, Chair and Chief Executive Officer.
- Continuity: Luca Zaramella will continue as Executive Vice President and Chief Operating Officer.
Outlook, Risks, and Contingencies
The filing outlines specific contingencies and risks related to the new executive's compensation package:
- Repayment Contingency: The "Make Whole" cash award is subject to repayment in whole or part if specified termination events occur prior to the second anniversary of the Start Date.
- Restrictive Covenants: Mr. Banati has agreed to non-compete and non-solicitation covenants during employment and for twelve months following termination.
- Documentation: Full terms and conditions are detailed in an Offer Letter to be filed in the Form 10-Q for the quarter ending June 30, 2026.
Investor Verification Checklist
- Verify the full terms of the Offer Letter when filed in the Q2 2026 Form 10-Q.
- Confirm the specific "specified termination events" that trigger repayment of the Make Whole Award.
- Monitor the transition timeline to ensure the July 1, 2026 start date is met.
- Review the press release (Exhibit 99.1) for additional strategic context regarding the leadership change.