Every 8-K that Keurig Dr Pepper Inc (KDP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow KDP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KDP filings page.
Keurig Dr Pepper Inc. (KDP) announced that subsidiary Mott’s LLP and affiliates agreed with FHU US Holdings, LLC and its affiliates (Chobani) to exit KDP’s minority investment in Chobani and sell certain assets. KDP will redeem all of its indirect equity interests in Chobani for $800 million, consisting of $400 million in cash at closing and a $400 million promissory note from Chobani maturing on December 26, 2026.
In a related transaction, Chobani will acquire KDP’s manufacturing facility and warehouse, including leasehold interests, equipment and operations, in Allentown, Pennsylvania for approximately $125 million, bringing total pre-tax proceeds to about $925 million. KDP intends to use the net proceeds to reduce debt, supporting its deleveraging goals as it positions its Beverage Co. and Global Coffee Co. businesses. The companies also plan to expand their long-term commercial relationship, including an updated distribution agreement and a co-manufacturing arrangement for certain KDP products. The transactions are expected to close in the third quarter of 2026, subject to customary closing conditions.
Keurig Dr Pepper Inc. appointed Aaron Alt as an independent member of its Board of Directors. The Board also approved an increase in its size to ten directors, with both changes effective as of August 14, 2026. Alt will serve on the Board until a successor is elected and qualified or until his earlier death, resignation or removal. The Board further appointed him to the company’s Audit and Finance Committee, also effective August 14, 2026. The company states there are no arrangements or understandings with other persons relating to his appointment and no related-party transactions requiring disclosure. Alt will participate in the standard compensation program for non-employee directors as described in Keurig Dr Pepper’s 2026 proxy statement filed on April 24, 2026.
Keurig Dr Pepper Inc. reported second-quarter 2026 net sales of $7.31 billion, up 75.6% year over year, driven by the JDE Peet’s acquisition and 7.3% legacy KDP growth. On a constant currency basis, net sales rose 74.6%. GAAP operating income fell 30.1% to $628 million, while Adjusted operating income increased 42.9% to $1,478 million, a 20.2% margin. GAAP net income attributable to common shareholders declined 89.0% to $60 million, or $0.04 per diluted share, reflecting acquisition and integration-related items, but Adjusted diluted EPS grew 16.3% to $0.57. Operating cash flow was $895 million and free cash flow was $714 million in the quarter.
U.S. Refreshment Beverages delivered 10.0% net sales growth and 11.9% Adjusted operating income growth, while U.S. Coffee saw a 3.2% sales decline and 24.7% Adjusted operating income decline. JDE Peet’s contributed $2.8 billion of incremental net sales but posted a GAAP operating loss, with $414 million of Adjusted operating income. KDP International grew net sales 19.6% (12.4% constant currency). The company reaffirmed 2026 constant currency guidance for net sales of $25.9–$26.4 billion and low-double-digit Adjusted diluted EPS growth, and expects a pro forma management leverage ratio of about 4.1x at year-end, versus a current 4.4x.
Keurig Dr Pepper Inc. disclosed that Angela Stephens, Senior Vice President, Controller and Principal Accounting Officer, plans to retire after the completion of the previously announced separation of the company’s coffee and beverage businesses. She has served as the company’s controller for nearly 18 years.
Before retiring, Ms. Stephens will work closely with leadership to set up controller functions for each of the two new independent publicly traded companies, helping support a smooth separation and transition of financial reporting and control responsibilities.
Keurig Dr Pepper Inc. announced leadership changes and reaffirmed its 2026 financial outlook as it prepares to split into two companies, Beverage Co. and Global Coffee Co., targeted for early 2027. Rafa Oliveira, head of the Coffee Operating Unit, plans to leave at the end of July 2026 for an external CEO role. CEO Tim Cofer will continue to oversee the coffee business while the board, led by Chairman Pamela Patsley, searches for a CEO of Global Coffee Co. The company reiterated 2026 guidance for net sales of $25.9–$26.4 billion and constant currency Adjusted diluted EPS growth in a low-double-digit range, based on non-GAAP measures.
Keurig Dr Pepper Inc. reported the results of its Annual Meeting of Stockholders held on June 16, 2026. Stockholders elected all nominated directors to one-year terms, with each receiving over 1.19 billion votes in favor and sizable broker non-votes recorded.
Stockholders approved the advisory resolution on executive compensation with 1,248,935,833 votes for and 50,356,862 against. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 1,322,769,289 votes for.
The Keurig Dr Pepper Inc. Omnibus Stock Incentive Plan of 2026 was approved with 1,277,360,824 votes in favor and 22,184,524 against. Following the meeting, the board appointed Brian Driscoll to the Compensation Committee and Pamela Patsley to the Audit and Finance Committee, with Ms. Patsley stepping off the Compensation Committee.
Keurig Dr Pepper Inc. filed an amended report to add detailed financial information related to its cash acquisition of JDE Peet’s N.V. at €31.85 per share. The filing now includes JDE Peet’s audited 2024–2025 financials, showing 2025 revenue of €9,921 million and profit of €803 million, plus basic earnings per share of €1.64. Unaudited pro forma condensed combined financials illustrate how the Acquisition and related financing would have affected Keurig Dr Pepper’s results for 2025 and the first quarter of 2026.
Keurig Dr Pepper Inc. updated investors on debt guarantees tied to its acquisition of JDE Peet’s. A subsidiary, Maple Parent Holdings Corp., previously issued €3.0 billion of euro notes and $2.55 billion of USD notes and gained access to a €10.35 billion delayed draw term loan facility to help fund the April 1, 2026 purchase of JDE Peet’s N.V. On May 21, 2026, JDEP Coffee B.V., as successor to JDE Peet’s, agreed to fully and unconditionally guarantee Maple’s obligations under these Maple Notes and the term loan, and to guarantee KDP’s existing senior notes and revolving credit facility on a joint and several basis. In return, Maple, KDP and existing guarantors agreed to fully and unconditionally guarantee JDEP Coffee’s €3.45 billion of euro notes and $1.25 billion of USD notes. All new guarantees related to JDEP Coffee and KDP are set to automatically end upon the planned separation of KDP’s coffee and beverage businesses.
Keurig Dr Pepper Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.23 per share, payable in U.S. dollars, on its common stock. The dividend will be paid on July 10, 2026 to shareholders of record as of June 26, 2026.
Keurig Dr Pepper Inc. reported first quarter 2026 net sales of $4.0 billion, up 9.4% year over year, led by strong growth in U.S. refreshment beverages. On a constant currency basis, net sales rose 8.1%, driven by 5.5% price realization and 2.6% volume/mix growth.
GAAP diluted EPS was $0.20, down 47.4% from the prior year, mainly reflecting transaction and acquisition-related costs. Adjusted diluted EPS was $0.39, a 7.1% decline, as inflation and higher marketing and SG&A costs more than offset sales growth and productivity savings.
The company completed its acquisition of JDE Peet’s on April 1, 2026 and ended the quarter with a management leverage ratio of 1.5x. For 2026, Keurig Dr Pepper expects net sales of $25.9–$26.4 billion and low double-digit constant currency Adjusted diluted EPS growth, including 4–6% growth from its legacy business plus an incremental contribution from JDE Peet’s.
Keurig Dr Pepper Inc. completed a major coffee acquisition and financing package. The company’s Kodiak BidCo subsidiary acquired 96.22% of JDE Peet’s ordinary shares at €31.85 per share, for total consideration of about €14.86 billion, funded through multiple debt and equity-like sources.
Keurig Dr Pepper issued 4,500,000 shares of Series A Convertible Perpetual Preferred Stock at $1,000 per share, raising $4.5 billion, and formed a pod manufacturing joint venture that received an approximately $4 billion capital contribution from an investor partner in exchange for a 49% stake. Proceeds from these transactions and prior notes offerings were used to finance the JDE Peet’s acquisition.
The company terminated its 364-day bridge credit agreement after receiving the new capital and filed a Certificate of Designations to establish the preferred stock terms. Management plans a future separation into two U.S.-listed companies, including a Global Coffee Co. led by JDE Peet’s CEO Rafael Oliveira, positioning the combined business as a global coffee powerhouse.
Keurig Dr Pepper Inc., through its subsidiary Maple Parent Holdings Corp., completed private offerings of €3.0 billion Euro Notes and $2.55 billion USD Notes. The notes carry fixed coupons ranging from 3.495% to 6.625% and mature between 2028 and 2056. The company intends to use the net proceeds, along with other financing sources, to fund the announced acquisition of JDE Peet’s N.V. and related fees. The notes include an interest rate step-up of up to 2.00% tied to potential credit rating downgrades and a special mandatory redemption if the JDE Peet’s acquisition is not completed by February 24, 2027. The notes are senior unsecured obligations, currently guaranteed by Keurig Dr Pepper and certain subsidiaries, with guarantees expected to transition in connection with the planned separation of its coffee and beverage businesses and the closing of the JDE Peet’s acquisition.
Keurig Dr Pepper Inc. is raising large-scale debt to help finance its pending acquisition of JDE Peet’s and a planned separation of its coffee and beverage businesses. The company announced pricing of private offerings of $2.55 billion aggregate principal amount of USD-denominated notes and €3.0 billion aggregate principal amount of euro-denominated notes.
The USD notes are split into four tranches due between 2029 and 2056 with coupons ranging from 4.750% to 6.625%. The euro notes are issued in four tranches due between 2028 and 2035 with coupons between 3.495% and 4.728%.
The notes will be issued by Maple Parent Holdings Corp. and initially guaranteed by Keurig Dr Pepper and certain subsidiaries, with guarantees expected to shift following completion of the JDE Peet’s acquisition and the separation. Net proceeds, together with other financing sources, are expected to fund the JDE Peet’s acquisition and related fees and expenses.
Keurig Dr Pepper Inc. updated its financing structure and released detailed coffee-segment financials tied to its planned acquisition of JDE Peet’s and the spin-off of “Global Coffee Co.” The company amended its December 2025 term loan so that Maple Parent Holdings Corp., a wholly owned subsidiary, becomes a co-borrower jointly and severally liable with KDP. The amendment extends the maturity of €2.6 billion of the term loan to 15 months from initial funding, while €7.75 billion still matures 364 days after funding. Maple also agreed to guarantee KDP’s senior notes until the planned separation of the coffee and beverage businesses, after which KDP will be released from the term loan and Maple will be the sole borrower.
The company expects to use borrowings under the amended term loan, together with other financing sources and a proposed private offering of senior unsecured notes in U.S. dollars and euros, to fund the JDE Peet’s acquisition and related costs. Alongside this, KDP furnished audited combined financial statements for KDP Coffee Co and unaudited pro forma financial information for both KDP and the future Global Coffee Co. For 2025, KDP Coffee Co reported net sales of $4.7 billion and net income of $700 million, with strong gross profit and significant goodwill and intangible assets on its balance sheet.
Keurig Dr Pepper reported strong fourth quarter and full-year 2025 results and issued a 2026 outlook. Full-year net sales reached $16.6 billion, up 8.2%, with GAAP net income of $2.1 billion (diluted EPS $1.53) and Adjusted diluted EPS of $2.05, up 7.3%. Q4 net sales were $4.5 billion, up 10.5%, with Adjusted diluted EPS of $0.60, up 1.7%. Growth was led by U.S. Refreshment Beverages, while U.S. Coffee saw modest sales growth but lower operating income. The company generated operating cash flow of $1.99 billion and free cash flow of $1.52 billion, ending 2025 with a management leverage ratio of 3.1x. For 2026, KDP guides to net sales of $25.9–$26.4 billion and low-double-digit constant currency Adjusted EPS growth, assuming 4–6% organic growth plus incremental contribution from the planned JDE Peet’s acquisition. The Board Chair role will transition from Bob Gamgort to Pamela Patsley at the end of Q1 2026.
Keurig Dr Pepper Inc. outlined an updated financing plan for its acquisition of JDE Peet’s and related structural moves. The company agreed to a $4.0 billion pod manufacturing joint venture, selling a 49% interest to an investor group while retaining 51% and long-term operational control.
Keurig Dr Pepper also upsized its Series A Convertible Perpetual Preferred Stock investment to $4.5 billion, adding $1.5 billion of equity capital via 4,500,000 preferred shares at $1,000 each. Overall, the acquisition is now planned to be funded with approximately $9 billion of long-term debt, $8.5 billion of equity capital and the assumption of about $5 billion of existing JDE Peet’s bonds.
The transaction is expected to close in early April 2026 and to be roughly 10% EPS accretive in its first full year. Management targets a projected combined net leverage of 4.5x and continues to evaluate non-core asset sales, while preparing to separate into Beverage Co. and Global Coffee Co., aiming for operational readiness to spin Global Coffee Co. by year-end 2026.
Keurig Dr Pepper Inc. reported governance updates. On February 12, 2026, its Board of Directors increased the Board size to eleven members and appointed William Newlands and Amie Thuener as independent directors, effective March 2, 2026.
Newlands will join the Nominating and Governance Committee, while Thuener will serve on the Audit and Finance Committee, also effective March 2, 2026. Both will receive the standard non-employee director compensation outlined in the company’s 2025 proxy statement filed April 25, 2025.
On the same date, the Board approved dissolving its Remuneration and Nominating Committee and creating separate Nominating and Governance and Compensation Committees, with these changes taking effect March 2, 2026.
Keurig Dr Pepper Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.23 per share on its common stock. The dividend will be paid in U.S. dollars on April 10, 2026 to shareholders of record as of March 27, 2026.
Keurig Dr Pepper Inc. announced that its Board of Directors has declared a regular quarterly dividend of $0.23 per share, payable in U.S. dollars on its common stock.
The dividend will be paid on January 16, 2026 to shareholders of record as of January 2, 2026, providing cash returns to investors holding the company’s common shares on the record date.
Keurig Dr Pepper Inc. (KDP) announced a leadership change in its finance organization. Anthony DiSilvestro has been appointed Chief Financial Officer, effective November 25, 2025, replacing Sudhanshu Priyadarshi, who will no longer serve as CFO and President, International and will act as a senior advisor through April 7, 2026.
DiSilvestro, age 67, previously served as CFO of Mattel and Campbell Soup Company and sits on the Board of FMC Corporation. Under a letter agreement dated November 21, 2025, he will receive an annual base salary of $1,000,000, a target annual bonus equal to 100% of base salary, and a one-time restricted stock unit grant valued at $8,000,000 that vests 67% on the second anniversary and 33% on the third anniversary of the grant date.
There are no family relationships or related party transactions disclosed between DiSilvestro and the company. Priyadarshi will be eligible for severance under the executive severance plan, pro-rata vesting of outstanding equity awards, and an advisory services fee of up to $500,000.
Keurig Dr Pepper Inc. reports that the court overseeing the In re: Keurig Green Mountain Single-Serve Coffee Antitrust Litigation in the Southern District of New York has denied the direct purchaser plaintiffs’ motion for class certification. The plaintiffs had sought to pursue more than $3 billion in classwide monetary damages, but the court found they did not meet the federal requirements to proceed on a class basis.
The direct purchaser plaintiffs have petitioned the U.S. Court of Appeals for the Second Circuit to appeal the class certification denial. Keurig Dr Pepper states that it intends to continue vigorously defending the appeal and the remaining lawsuits in this multidistrict antitrust litigation.
Keurig Dr Pepper Inc. announced two financing steps tied to its tender offer for JDE Peet’s N.V. The company agreed to sell 3,000,000 shares of Series A Convertible Perpetual Preferred Stock at $1,000 per share for $3.0 billion, with a 4.75% annual cash dividend and senior priority over common stock. The preferred initially converts at $37.25 per share, subject to customary anti-dilution and Spin-Off adjustments, with conversion limited by a cap of the lesser of 271,580,767 shares or 19.99% of common shares then outstanding. KDP may require conversion after year three if the stock trades above 150% of the conversion price for 20 of 30 consecutive days, and may redeem at 110%/105%/100% of stated amounts in years seven, eight and nine, respectively. Net proceeds will fund a portion of the JDE Peet’s acquisition.
KDP also secured a $4 billion minority investment into a new Pod Manufacturing JV holding U.S. and Canadian coffee production assets: JV Investors will contribute $4 billion for a 49% interest; KDP retains 51%. Closing conditions include investment-grade ratings, required approvals, asset contributions, and the closing of the JDE Peet’s acquisition. JV fees include a 1% transaction fee (30% earned at signing) and a 0.10% ticking fee after 120 days. Proceeds are intended to help fund the acquisition.
Keurig Dr Pepper Inc. furnished an Item 7.01 Regulation FD disclosure tied to its investor day. The company provided a press release as Exhibit 99.1 and will post its investor day presentation on its investor relations site at https://investors.keurigdrpepper.com/events-and-presentations.
The press release is titled “KDP Discusses Strategy, Leadership and Financing for Upcoming Transformational Transactions.” Information furnished under Item 7.01 is not deemed “filed” under Section 18 of the Exchange Act unless specifically stated.
Keurig Dr Pepper Inc. (KDP) furnished an update on operations by announcing its Q3 2025 results via a press release. The company said it raised its full‑year net sales outlook and reaffirmed EPS guidance for 2025, according to Exhibit 99.1.
The information under Item 2.02 is furnished, not filed, under the Exchange Act. The press release titled “Keurig Dr Pepper Reports Q3 2025 Results and Raises Full Year Net Sales Outlook and Reaffirms EPS Guidance for 2025” is available as Exhibit 99.1 and on the company’s website.
Keurig Dr Pepper Inc. announced a leadership change in its U.S. coffee business. Olivier Lemire has been appointed President, U.S. Coffee. He has worked at the company since 2011 and most recently led its Canadian business. Former U.S. Coffee President Patrick Minogue will stay with the company to support the leadership transition through September 30, 2025.
Keurig Dr Pepper Inc. reported that its Board of Directors has declared a regular quarterly cash dividend of $0.23 per share on its common stock. The dividend will be paid in U.S. dollars on October 10, 2025 to shareholders who are on record as of September 26, 2025. This filing mainly informs investors of the timing and amount of the company’s upcoming quarterly dividend payment.
Keurig Dr Pepper Inc. (KDP) entered into a Merger Protocol to commence a cash tender offer to acquire all issued ordinary shares of JDE Peet's N.V. for 831.85 per share, with JDE Peet's to pay a previously declared dividend of 80.36 per share before closing without reducing the offer price. Acorn Holdings B.V. and certain JDE Peet's directors have delivered Irrevocable Undertakings covering ~69% of shares committing to tender and vote in favor, subject to customary conditions.
If KDP holds less than 95% but at least 80% after the offer, a triangular post-closing merger and liquidation mechanism is agreed to deliver consideration approximating the tender price. A competing all-cash offer must exceed the offer price by at least 10% to be deemed superior; if accepted, JDE Peet's would pay KDP a termination fee of approximately 8156.7 million. The filing also references a bridge credit agreement to support the transaction and related investor materials.
Keurig Dr Pepper Inc. reported an administrative change related to its debt arrangements. On August 15, 2025, U.S. Bank Trust Company, N.A. was appointed as trustee, paying agent and registrar under the company’s indenture dated December 15, 2009 and its indenture dated May 25, 2018, including all supplemental indentures to each. U.S. Bank replaces Computershare Trust Company, N.A., which resigned from these roles. The change in paying agent and registrar for these indentures is expected to become effective on August 25, 2025.
Keurig Dr Pepper Inc. (Nasdaq: KDP) used a Regulation FD presentation on 23–24 June 2025 to reaffirm its previously issued full-year 2025 outlook. Management reiterated two key non-GAAP targets:
- Constant-currency net sales: expected to rise in the mid-single-digit percentage range versus 2024.
- Adjusted diluted EPS: projected to expand in the high-single-digit percentage range.
No changes were made to the guidance originally communicated earlier in the year, signalling that current trading conditions and cost assumptions remain intact despite ongoing macroeconomic uncertainties. The filing contains standard cautionary language about forward-looking statements and highlights that reconciliations to GAAP metrics are not provided because mark-to-market and other uncontrollable items cannot be reasonably estimated.
The 8-K is furnished under Item 7.01 and therefore is not deemed "filed" for liability purposes under Section 18 of the Exchange Act. No other operational updates, financial tables, acquisitions, or management changes were disclosed.
Keurig Dr Pepper held its Annual Meeting of Stockholders on June 18, 2025, where shareholders voted on three key proposals:
1. Board Elections: All nine director nominees were successfully elected with strong majority support. Notable directors include Timothy Cofer (1.22B votes for), Robert Gamgort (1.21B votes for), and Pamela Patsley (1.17B votes for).
2. Say-on-Pay Vote: Shareholders approved the advisory resolution on executive compensation with 1.15 billion votes in favor (94.5% approval) versus 67.1 million against.
3. Auditor Ratification: Deloitte & Touche LLP was confirmed as the independent auditor for FY2025, receiving overwhelming support with 1.24 billion votes in favor (99.7% approval).
The high approval rates across all proposals indicate strong shareholder confidence in KDP's governance and management. The meeting had significant participation with over 1.2 billion shares voted.