UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 7, 2018
COCA-COLA BOTTLING CO. CONSOLIDATED
(Exact name of registrant as specified in its charter)
| Delaware | 0-9286 | 56-0950585 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| 4100 Coca-Cola Plaza, Charlotte, North Carolina | 28211 | |||
| (Address of principal executive offices) | (Zip Code) | |||
(704) 557-4400
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 7, 2018, Coca-Cola Bottling Co. Consolidated (the “Company”) announced that on September 6, 2018, the Executive Committee of the Company’s Board of Directors (the “Board”) elected Scott Anthony to be the Company’s Executive Vice President, Chief Financial Officer, effective December 31, 2018 upon the previously announced succession of Mr. David Katz, the Company’s current Executive Vice President and Chief Financial Officer, to the position of President and Chief Operating Officer. Mr. Anthony is expected to join the Company on November 30, 2018 and will serve as the Company’s Senior Vice President, Treasurer until he assumes the role of the Company’s Executive Vice President, Chief Financial Officer. A copy of the Company’s news release announcing Mr. Anthony’s election is attached as Exhibit 99.1.
Mr. Anthony, age 55, currently serves as Executive Vice President, Chief Financial Officer of Ventura Foods, LLC, a privately-held food solutions company, a position he has held since April 2011. Prior to joining Ventura Foods, LLC, Mr. Anthony served in a variety of roles over a 21-year career with Coca-Cola Enterprises, Inc. (“CCE”), including Vice President, Chief Financial Officer of CCE’s North America division; Vice President, Investor Relations & Planning; and Director, Acquisitions & Investor Relations.
In connection with Mr. Anthony’s election, he will (i) receive an annual base salary of $525,000, effective as of November 30, 2018, a bonus of $75,000 upon commencement of employment with the Company and an additional $75,000 bonus after six months of employment with the Company, (ii) be eligible to participate in the Company’s Annual Bonus Plan beginning in 2019, with a target bonus award of 60% of his base salary for 2019, and will be recommended for participation in the Company’s Long-Term Performance Plan for the 2019 – 2021 performance period, subject to the approval of the Compensation Committee of the Board in March 2019, with a recommended target award of 60% of his base salary, (iii) be eligible to participate in the Company’s Supplemental Savings Incentive Plan, including with a fixed annual discretionary award of $100,000 made under the plan for the years 2019 – 2023, subject to his continued employment with the Company, and (iv) receive certain relocation assistance benefits for his relocation from California to the Charlotte, North Carolina area.
Mr. Anthony has no family relationships with any director or executive officer of the Company, there are no arrangements or understandings between Mr. Anthony and any other persons pursuant to which he was selected as the Company’s Senior Vice President, Treasurer or Executive Vice President, Chief Financial Officer, and there have been no transactions involving the Company and Mr. Anthony that the Company would be required to disclose pursuant to Item 404(a) of Regulation S-K.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit No. |
Description |
Incorporated By Reference To | ||
| 99.1 | News Release, dated September 7, 2018. | Filed herewith. | ||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| COCA-COLA BOTTLING CO. CONSOLIDATED | ||||||
| Date: September 7, 2018 | By: | /s/ E. Beauregarde Fisher III | ||||
| E. Beauregarde Fisher III | ||||||
| Executive Vice President, General Counsel and Secretary | ||||||
Exhibit 99.1
|
|
Media Contact: Kimberly Kuo Senior Vice President, Public Affairs, Communications & Communities 704-557-4584
Investor Contact: David M. Katz Executive Vice President and Chief Financial Officer 704-557-4929 |
Coca-Cola Bottling Co. Consolidated Announces Scott Anthony as New
Executive Vice President, Chief Financial Officer
– Transition to CFO planned for end of 2018 –
CHARLOTTE, NC – Coca-Cola Bottling Co. Consolidated (NASDAQ: COKE) today announced that it has appointed Scott Anthony as the Company’s Executive Vice President, Chief Financial Officer, effective December 31, 2018. Mr. Anthony will succeed Dave Katz who, as previously reported, will transition to his new role of President and Chief Operating Officer on December 31, 2018. Mr. Anthony is expected to join the Company on November 30, 2018 and will serve as Senior Vice President, Treasurer until he assumes the role of Executive Vice President, Chief Financial Officer.
“We are very pleased to welcome Scott Anthony to the Coca-Cola Consolidated team,” said Frank Harrison, Chairman and CEO. “Scott’s wealth of experience and proven leadership – both in the food and beverage manufacturing industry and in the Coca-Cola System – will serve our Company well as our business moves into the future.”
Mr. Anthony will join Coca-Cola Consolidated after serving as Executive Vice President and Chief Financial Officer of Ventura Foods since 2011. Prior to Ventura Foods, Mr. Anthony spent 21 years with Coca-Cola Enterprises in a variety of roles, including as Vice President, Chief Financial Officer, North America. Mr. Anthony earned both his undergraduate degree in finance and his master’s degree in operations management from Georgia State University.
About Coca-Cola Bottling Co. Consolidated
Coke Consolidated is the largest Coca-Cola bottler in the United States. Our Purpose is to honor God, serve others, pursue excellence and grow profitably. For more than 116 years, we have been deeply committed to the consumers, customers, and communities we serve and passionate about the broad portfolio of beverages and services we offer. We make, sell, and deliver beverages of The Coca-Cola Company and other partner companies in more than 300 brands and flavors to 65 million consumers in territories spanning 14 states and the District of Columbia.
Headquartered in Charlotte, N.C., Coke Consolidated is traded on the NASDAQ under the symbol COKE. More information about the company is available at www.cokeconsolidated.com. Follow Coke Consolidated on Facebook, Twitter, Instagram and LinkedIn.
–Enjoy Coca-Cola–