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): February 4, 2016
PepsiCo, Inc.
(Exact name of registrant as specified in its charter)
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North Carolina |
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1-1183 |
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13-1584302 |
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(State or other jurisdiction |
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(Commission |
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(I.R.S. Employer |
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of incorporation) |
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File Number) |
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Identification No.) |
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700 Anderson Hill Road, Purchase, New York |
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10577 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: 914-253-2000
N/A
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 4, 2016, the Compensation Committee (the “Committee”) of the Board of Directors of PepsiCo, Inc. (the “Company”) authorized the adoption of a form of Annual Long-Term Incentive Award Agreement (“LTI Award Agreement”) for use in granting performance stock units and long-term cash awards to certain senior executives. These awards will vest on the third anniversary of the grant date, subject to the recipient’s continued employment through such date and the level of performance attained with respect to the applicable performance metrics.
The above description of the form of LTI Award Agreement is qualified in its entirety by reference to the Form of Annual Long-Term Incentive Award Agreement, attached hereto as Exhibit 10.1, and the PepsiCo, Inc. 2007 Long-Term Incentive Plan, as amended and restated March 13, 2014, attached as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 14, 2014, each of which is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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10.1 |
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Form of Annual Long-Term Incentive Award Agreement |
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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PEPSICO, INC. | |
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Date: February 5, 2016 |
By: |
/s/ Cynthia Nastanski |
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Name: |
Cynthia Nastanski |
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Title: |
Senior Vice President, Corporate Law and Deputy Corporate Secretary |