The Coca-Cola Company Furnishes Max Levchin's Election to Board of Directors
Summary
On October 16, 2025, The Coca-Cola Company's Board of Directors elected Max Levchin as a Director, effective immediately, and appointed him to the Board's Talent and Compensation Committee. Mr. Levchin, a PayPal co-founder and Affirm founder, will receive a prorated portion of the 2025 annual compensation for non-employee Directors. This compensation consists of $90,000 in cash, paid quarterly, and $200,000 in deferred share units (via Ex. 99.1 press release).
Why It Matters
The election of Max Levchin, a prominent technologist and entrepreneur with a background in founding PayPal and Affirm, to the Board and the Talent and Compensation Committee, as announced via Ex. 99.1, signals the company's focus on leveraging technology expertise to reshape its business.
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Filing Details
Reported Items
Additional Information
- CIK Number
- 0000021344
- Filing Date
- Thursday, October 16, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral