Current Report Filing (8-k)
March 20 2020 - 8:49AM
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Entity Registrant Name
|
COCA COLA CO
|
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):
March 20, 2020
(Exact name of registrant
as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation)
|
001-02217
(Commission
File Number)
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58-0628465
(IRS Employer
Identification No.)
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One Coca-Cola Plaza
Atlanta, Georgia
(Address of principal executive offices)
|
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30313
(Zip Code)
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Registrant’s telephone
number, including area code: (404) 676-2121
Not Applicable
(Former name or former
address, if changed since last report)
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)
|
¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered
pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.25 Par Value
|
KO
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New York Stock Exchange
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Floating Rate Notes Due 2019
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KO19A
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New York Stock Exchange
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0.000% Notes Due 2021
|
KO21B
|
New York Stock Exchange
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Floating Rate Notes Due 2021
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KO21C
|
New York Stock Exchange
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1.125% Notes Due 2022
|
KO22
|
New York Stock Exchange
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0.125% Notes Due 2022
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KO22B
|
New York Stock Exchange
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0.75% Notes Due 2023
|
KO23B
|
New York Stock Exchange
|
0.500% Notes Due 2024
|
KO24
|
New York Stock Exchange
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1.875% Notes Due 2026
|
KO26
|
New York Stock Exchange
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0.750% Notes Due 2026
|
KO26C
|
New York Stock Exchange
|
1.125% Notes Due 2027
|
KO27
|
New York Stock Exchange
|
1.250% Notes Due 2031
|
KO31
|
New York Stock Exchange
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1.625% Notes Due 2035
|
KO35
|
New York Stock Exchange
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1.100% Notes Due 2036
|
KO36
|
New York Stock Exchange
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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 ¨
The Coca-Cola Company is filing this Current
Report on Form 8-K to provide an update to the information related to trends affecting our business that was previously disclosed
in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" for the year ended December
31, 2019, filed in our Annual Report on Form 10-K for that year.
As COVID-19 continues to spread and
significantly impact various markets around the world, including the United States, the company has put preparedness plans in
place at our facilities to ensure continued operations, while also taking all necessary steps to keep our teams healthy and
safe. Our teams have conducted preparedness exercises of their business continuity plans. We tested our IT infrastructure in
advance, including at our global headquarters, through preparedness exercises. In line with recommendations to reduce large
gatherings and increase social distancing, the company has asked many office-based employees to work remotely.
We are also working closely with our
bottling partners on contingency planning for continuous supply and, at this stage, we do not foresee any near-term
disruptions in concentrate or beverage base production.
Since our last guidance update, local market
policies and initiatives to reduce the transmission of COVID-19 have significantly increased. These initiatives include the direction
to refrain from dining at restaurants, the cancellation of major sporting and entertainment events, material reduction in travel,
the promotion of social distancing and the adoption of work-from-home policies. These initiatives, in combination with the latest
movements in foreign exchange rates, will have a negative impact on our full year financial and operating results and, therefore,
we do not expect to achieve our previously provided full year guidance.
Due to the speed with which the COVID-19
situation is developing, there is uncertainty around its ultimate impact; therefore, the negative impact on our financial and operating
results cannot be reasonably estimated at this time, but the impact could be material. We expect to provide an update during our
Q1 2020 earnings release and call.
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Item 9.01(d).
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Financial Statements and Exhibits.
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Exhibit No.
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Description
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Exhibit 104
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Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document).
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SIGNATURES
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.
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THE
COCA-COLA COMPANY (REGISTRANT)
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|
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Date: March 20, 2020
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By:
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/s/ MARK RANDAZZA
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Name: Mark Randazza
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|
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Title: Vice President, Assistant Controller and Chief
Accounting Officers
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