Business Context and Reporting Period
This Form 8-K filing by The Coca-Cola Company (Delaware) reports a corporate governance event. The report date is October 20, 2008, covering the earliest event date of October 16, 2008.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figure disclosed relates to director compensation.
- Director Compensation: $175,000 in cash for the first 12 months of service for the newly elected director.
Material Changes
The Board of Directors increased its size to 15 members. Maria Elena Lagomasino, CEO of GenSpring Family Offices, LLC, was elected as a new Director. She was appointed to the Committee on Directors and Corporate Governance and the Compensation Committee.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. It strictly addresses the appointment and compensation terms of a new director.
Key Facts for Investor Verification
- Confirmation of the Board size increase to 15 members.
- Verification of Maria Elena Lagomasino's background and potential conflicts of interest as CEO of GenSpring Family Offices, LLC.
- Confirmation that the $175,000 cash compensation replaces the performance component for the first year.