Coca-Cola Consolidated’s 10-for-1 Stock Split Finalized; Shares to Trade on Split-Adjusted Basis May 27, 2025
Coca-Cola Consolidated (NASDAQ: COKE) has received stockholder approval for its 10-for-1 stock split of both Common Stock and Class B Common Stock. The split will take effect on May 23, 2025, with shareholders receiving nine additional shares for each share held. Trading on a split-adjusted basis will commence on May 27, 2025.
The split required stockholder approval of an amendment to the Company's Restated Certificate of Incorporation, which was obtained at the Annual Meeting of Stockholders on May 13, 2025. CEO J. Frank Harrison, III stated that the split aims to make the stock more accessible to a broader range of investors.
Coca-Cola Consolidated (NASDAQ: COKE) ha ottenuto l'approvazione degli azionisti per il frazionamento azionario 10-contro-1 sia delle azioni ordinarie che delle azioni ordinarie di Classe B. Il frazionamento entrerà in vigore il 23 maggio 2025, con gli azionisti che riceveranno nove azioni aggiuntive per ogni azione posseduta. Le negoziazioni basate sul frazionamento inizieranno il 27 maggio 2025.
Il frazionamento ha richiesto l'approvazione degli azionisti per una modifica al Certificato di Incorporazione Rifirmato della Società, ottenuta durante l'Assemblea Annuale degli Azionisti del 13 maggio 2025. Il CEO J. Frank Harrison, III ha dichiarato che l'obiettivo del frazionamento è rendere le azioni più accessibili a un pubblico più ampio di investitori.
Coca-Cola Consolidated (NASDAQ: COKE) ha recibido la aprobación de los accionistas para su split de acciones 10 a 1 tanto de acciones ordinarias como de acciones ordinarias Clase B. El split entrará en vigor el 23 de mayo de 2025, y los accionistas recibirán nueve acciones adicionales por cada acción que posean. La negociación ajustada por el split comenzará el 27 de mayo de 2025.
El split requirió la aprobación de los accionistas para una enmienda al Certificado de Incorporación Reformado de la Compañía, que se obtuvo en la Junta Anual de Accionistas el 13 de mayo de 2025. El CEO J. Frank Harrison, III declaró que el objetivo del split es hacer que las acciones sean más accesibles para un rango más amplio de inversores.
Coca-Cola Consolidated (NASDAQ: COKE)는 보통주 및 클래스 B 보통주에 대한 10대 1 주식 분할에 대해 주주들의 승인을 받았습니다. 분할은 2025년 5월 23일에 발효되며, 주주들은 보유한 주식 1주당 9주를 추가로 받게 됩니다. 분할 조정된 거래는 2025년 5월 27일부터 시작됩니다.
이번 분할은 회사의 개정 정관 수정에 대한 주주 승인을 필요로 했으며, 이는 2025년 5월 13일 연례 주주총회에서 승인되었습니다. CEO J. Frank Harrison, III는 이번 분할이 더 넓은 투자자층이 주식을 더 쉽게 접근할 수 있도록 하기 위한 것이라고 밝혔습니다.
Coca-Cola Consolidated (NASDAQ : COKE) a obtenu l'approbation des actionnaires pour son fractionnement d'actions 10 pour 1 des actions ordinaires et des actions ordinaires de classe B. Le fractionnement prendra effet le 23 mai 2025, les actionnaires recevant neuf actions supplémentaires pour chaque action détenue. Les transactions sur une base ajustée débuteront le 27 mai 2025.
Ce fractionnement nécessitait l'approbation des actionnaires pour une modification du certificat de constitution révisé de la société, obtenue lors de l'assemblée annuelle des actionnaires le 13 mai 2025. Le PDG J. Frank Harrison, III a déclaré que ce fractionnement vise à rendre l'action plus accessible à un plus large éventail d'investisseurs.
Coca-Cola Consolidated (NASDAQ: COKE) hat die Zustimmung der Aktionäre für eine 10-zu-1-Aktienaufteilung sowohl der Stammaktien als auch der Stammaktien der Klasse B erhalten. Die Aufteilung wird am 23. Mai 2025 wirksam, wobei die Aktionäre für jede gehaltene Aktie neun zusätzliche Aktien erhalten. Der Handel auf aufgeteilte Aktienbasis beginnt am 27. Mai 2025.
Die Aufteilung erforderte die Zustimmung der Aktionäre zu einer Änderung der überarbeiteten Satzung des Unternehmens, die auf der Jahreshauptversammlung am 13. Mai 2025 erteilt wurde. CEO J. Frank Harrison, III erklärte, dass die Aufteilung darauf abzielt, die Aktie für eine breitere Anlegergruppe zugänglicher zu machen.
- Stock split will increase accessibility and potentially liquidity for retail investors
- Unanimous board approval and successful stockholder support indicate strong corporate governance
- Split reflects management's confidence in company's long-term prospects
- None.
Insights
Coca-Cola Consolidated's 10-for-1 stock split aims to improve stock accessibility while maintaining shareholder value.
Coca-Cola Consolidated (NASDAQ: COKE) has successfully received stockholder approval for its 10-for-1 stock split affecting both Common Stock and Class B Common Stock. This corporate action, which will take effect on May 27, 2025, will multiply each shareholder's position by ten while proportionally reducing the per-share price.
The mechanics are straightforward: on May 23, 2025, stockholders will receive nine additional shares for each share they currently hold. The company needed to amend its Restated Certificate of Incorporation to increase the authorized share count to accommodate this split, which received formal approval at the Annual Meeting on May 13.
Stock splits like this are typically implemented when share prices have appreciated significantly, potentially creating barriers for smaller investors. While the split doesn't change the company's underlying fundamentals or total market capitalization, it can enhance trading liquidity and broaden the investor base by making individual shares more affordable.
CEO J. Frank Harrison III's statement that the split will "make our stock more accessible to a broader range of investors" suggests the company is deliberately trying to attract retail investors who might find lower per-share prices more approachable. This increased accessibility could potentially lead to greater trading volume and market liquidity.
The split represents a technical adjustment rather than a value-creating event. Investors will own ten times as many shares, each worth approximately one-tenth of the pre-split value, keeping their overall investment unchanged while potentially benefiting from increased stock liquidity.
CHARLOTTE, N.C., May 16, 2025 (GLOBE NEWSWIRE) -- Coca‑Cola Consolidated, Inc. (NASDAQ: COKE) today announced that its 10-for-1 split of the Company’s Common Stock and Class B Common Stock has been approved by its stockholders, and shares of the Company’s stock are expected to begin trading on a split-adjusted basis at market open on or about May 27, 2025. On May 23, 2025, stockholders will receive nine additional shares for each share of Common Stock or Class B Common Stock held.
“We are pleased our stockholders supported the 10-for-1 stock split our Board approved earlier this year,” said J. Frank Harrison, III, Chairman and Chief Executive Officer. “We believe this stock split will make our stock more accessible to a broader range of investors.”
The stock split was subject to stockholder approval of an amendment to the Company's Restated Certificate of Incorporation to effect a 10-for-1 forward stock split of the Company’s Common Stock and Class B Common Stock and to proportionally increase the number of authorized shares of Common Stock and Class B Common Stock to accommodate the stock split (the “Amendment”). The Amendment was approved by the Company’s stockholders at its Annual Meeting of Stockholders on May 13, 2025.
Additional information concerning the stock split can be found in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 24, 2025.
| CONTACTS: | |
| Brian K. Little (Media) | Matt Blickley (Investors) |
| Vice President, Corporate Communications Officer | Executive Vice President, Chief Financial Officer and Chief Accounting Officer |
| (980) 378-5537 | (704) 557-4910 |
| Brian.Little@cokeconsolidated.com | Matt.Blickley@cokeconsolidated.com |
About Coca-Cola Consolidated, Inc.
Headquartered in Charlotte, N.C., Coca‑Cola Consolidated (NASDAQ: COKE) is the largest Coca‑Cola bottler in the United States. We make, sell and distribute beverages of The Coca‑Cola Company and other partner companies in more than 300 brands and flavors across 14 states and the District of Columbia, to approximately 60 million consumers. For over 123 years, we have been deeply committed to the consumers, customers and communities we serve and passionate about the broad portfolio of beverages and services we offer. Our Purpose is to honor God in all we do, to serve others, to pursue excellence and to grow profitably.
More information about the Company is available at www.cokeconsolidated.com. Follow Coca‑Cola Consolidated on Facebook, X, Instagram and LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements include those statements that do not relate strictly to historical or current facts. The words “anticipate,” “believe,” “expect,” “intend,” “project,” “may,” “will,” “should,” “could” and similar expressions are intended to identify forward-looking statements. While the Company has based these forward-looking statements on its current beliefs and expectations, these forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions that may cause the Company’s actual business, financial condition or results of operation to be materially different from those expressed or implied by such forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of the Company’s Annual Reports on Form 10-K and other filings the Company makes with the SEC. The Company does not undertake any obligation to update forward-looking statements except as required by applicable law.
FAQ
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