PepsiCo Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$PEP
Beverages (Production/Distribution)
Consumer Staples
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): May 7, 2025
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Item 5.07. Submission of Matters to a Vote of Security Holders.
PepsiCo, Inc. (“PepsiCo”) held its 2025 Annual Meeting of Shareholders on May 7, 2025. For more information on the following proposals, see PepsiCo’s proxy statement for the 2025 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission on March 28, 2025. Below are the final voting results.
(1) The following 15 persons were elected to serve as directors of PepsiCo:
| Nominee | For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||
| Segun Agbaje | 997,084,816 | 6,133,424 | 3,366,147 | 175,136,261 | ||||||||||||||||||||||
| Jennifer Bailey | 998,902,880 | 4,515,713 | 3,165,794 | 175,136,261 | ||||||||||||||||||||||
| Cesar Conde | 942,521,900 | 60,710,229 | 3,352,258 | 175,136,261 | ||||||||||||||||||||||
| Ian Cook | 960,434,436 | 43,384,316 | 2,765,635 | 175,136,261 | ||||||||||||||||||||||
| Edith W. Cooper | 998,937,777 | 4,996,549 | 2,650,061 | 175,136,261 | ||||||||||||||||||||||
| Susan M. Diamond | 998,681,181 | 4,749,332 | 3,153,874 | 175,136,261 | ||||||||||||||||||||||
| Dina Dublon | 958,176,375 | 45,833,155 | 2,574,857 | 175,136,261 | ||||||||||||||||||||||
| Michelle Gass | 998,350,647 | 5,018,248 | 3,215,492 | 175,136,261 | ||||||||||||||||||||||
| Ramon L. Laguarta | 919,746,560 | 80,092,770 | 6,745,057 | 175,136,261 | ||||||||||||||||||||||
| Dave J. Lewis | 998,640,991 | 5,187,989 | 2,755,407 | 175,136,261 | ||||||||||||||||||||||
| David C. Page, MD | 984,600,756 | 15,804,729 | 6,178,902 | 175,136,261 | ||||||||||||||||||||||
| Robert C. Pohlad | 944,200,821 | 59,628,054 | 2,755,512 | 175,136,261 | ||||||||||||||||||||||
| Daniel Vasella, MD | 950,671,462 | 53,055,825 | 2,857,100 | 175,136,261 | ||||||||||||||||||||||
| Darren Walker | 981,718,608 | 20,245,677 | 4,620,102 | 175,136,261 | ||||||||||||||||||||||
| Alberto Weisser | 954,913,134 | 47,944,475 | 3,726,778 | 175,136,261 | ||||||||||||||||||||||
(2) The shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for PepsiCo for fiscal year 2025:
| For | 1,093,424,839 | ||||
| Against | 85,680,360 | ||||
| Abstain | 2,615,449 | ||||
(3) The shareholders approved, on an advisory basis, PepsiCo’s executive compensation:
| For | 866,270,459 | ||||
| Against | 131,062,509 | ||||
| Abstain | 9,251,419 | ||||
| Broker Non-Votes | 175,136,261 | ||||
(4) The shareholders voted against a shareholder proposal regarding a third-party assessment on non-sugar sweetener risks:
| For | 111,189,815 | ||||
| Against | 875,831,227 | ||||
| Abstain | 19,563,345 | ||||
| Broker Non-Votes | 175,136,261 | ||||
(5) The shareholders voted against a shareholder proposal regarding a third-party racial equity audit:
| For | 176,085,051 | ||||
| Against | 811,996,840 | ||||
| Abstain | 18,502,496 | ||||
| Broker Non-Votes | 175,136,261 | ||||
(6) The shareholders voted against a shareholder proposal regarding a report on risks related to biodiversity and nature loss:
| For | 174,760,012 | ||||
| Against | 815,059,599 | ||||
| Abstain | 16,764,776 | ||||
| Broker Non-Votes | 175,136,261 | ||||
(7) The shareholders voted against a shareholder proposal regarding sustainable packaging policies for plastics:
| For | 154,283,732 | ||||
| Against | 835,765,524 | ||||
| Abstain | 16,535,131 | ||||
| Broker Non-Votes | 175,136,261 | ||||
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.
| PEPSICO, INC. | ||||||||
| Date: May 9, 2025 | By: | /s/ Cynthia A. Nastanski | ||||||
| Name: | Cynthia A. Nastanski | |||||||
| Title: | Senior Vice President, Corporate Law and Deputy Corporate Secretary | |||||||