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): March 30, 2022
Keurig Dr Pepper Inc.
(Exact name of registrant as specified in its charter)
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| Delaware | | 001-33829 | | 98-0517725 |
| (State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
53 South Avenue, Burlington, Massachusetts 01803
(Address of principal executive offices, including zip code)
781-418-7000
(Registrant’s telephone number including area code)
Not Applicable
(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 (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-14(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | | Trading Symbol | | Name of each exchange on which registered |
| Common stock | | KDP | | Nasdaq Stock Market LLC |
Item 8.01 Other Events.
Effective January 1, 2022, Keurig Dr Pepper Inc. ("KDP" or the "Company") updated its presentation of certain of KDP's unallocated corporate costs, primarily related to IT, to be aligned among the Company's segments and to better reflect controllable costs at the segment level.
In this Form 8-K, the Company has summarized the effects of the above changes on its segment reporting to KDP's historical segment results on a reported and comparable (non-GAAP) basis. These changes do not revise or restate KDP's previously reported consolidated financial statements. Additionally, these changes do not revise or restate KDP's previously reported non-GAAP adjustments on a consolidated or segment basis. The Company is issuing this Form 8-K to provide investors with supplemental financial information and historical data that is on a basis consistent with KDP's revised presentation of unallocated corporate costs. In the first quarter of 2022, KDP's financial statements disclosure will reflect this revised presentation, with prior period segment disclosures adjusted accordingly.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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| Exhibit No. | | Description |
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| | Supplemental Financial Data - Corporate Alignment |
| 104 | | Cover Page Interactive Data File, formatted in Inline XBRL and included as Exhibit 101 |
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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| | KEURIG DR PEPPER INC. | |
| Dated: March 30, 2022 | | |
| | By: | /s/ Anthony Shoemaker |
| | | Name: | Anthony Shoemaker |
| | | Title: | Chief Legal Officer, General Counsel and Secretary |
