COCA COLA CO 8-K

What Happened

• The Coca‑Cola Company filed an 8‑K (Feb 20, 2026) confirming a previously announced leadership change: Henrique Braun, currently Executive VP and Chief Operating Officer, will become Chief Executive Officer effective March 31, 2026. James Quincey, the current Chairman and CEO, will continue with the company as Executive Chairman of the Board.
• The company sent letters dated February 19, 2026 to both executives outlining primary compensation terms that take effect March 31, 2026.

Key Details

• Henrique Braun base salary: $1,450,000 effective March 31, 2026.
• James Quincey base salary: $1,200,000 effective March 31, 2026.
• Both executives will remain eligible for the company’s annual and long‑term incentive programs; each has a target annual incentive equal to 200% of base salary.
• Both will continue to be subject to Coca‑Cola’s share ownership guidelines; additional benefits are described in the executives’ letters (filed as exhibits).

Why It Matters

• This formalizes a top leadership transition that was previously announced, signaling continuity of management while moving operational leadership to Braun and retaining Quincey in a board leadership role.
• Investors get concrete compensation figures and incentive targets for the incoming CEO and the Executive Chairman, which help assess executive cost and alignment with shareholder incentives. The filing references existing incentive plans disclosed in the company’s 2025 proxy.