COCA COLA CO
For the period ended Apr 29, 2026. Filed Mar 16, 2026.
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Apr 29, 2026 · Filed Mar 16, 2026
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UNITED STATES**
**SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of**
**the Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant☒
Filed by a Party other than the Registrant☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
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| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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| ☒ | Definitive Proxy Statement |
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| ☐ | Definitive Additional Materials |
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| ☐ | Soliciting Material under §240.14a-12 |
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(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required. |
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| ☐ | Fee paid previously with preliminary materials. |
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| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. |
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WHO WE ARE
139 YEARS OF REFRESHMENT
On May 8, 1886, Dr. John Pemberton brought his perfected syrup to Jacobs’ Pharmacy in downtown Atlanta, where the first glass of Coca-Cola was poured. From that one iconic drink, we’ve evolved into a total beverage company. Today, 2.2 billion servings of our drinks are enjoyed in more than 200 countries and territories each day and we own 32 billion-dollar brands across several beverage categories worldwide.
OUR PURPOSE
REFRESH THE WORLD. MAKE A DIFFERENCE.
our vision
Our vision is to craft the brands and choice of drinks that people love and that refresh them in body and spirit. And done in ways that create a more sustainable business and better shared future, making a difference in people’s lives, communities and our planet.
To achieve this vision, we focus on three connected pillars:
TO MY FELLOW SHAREOWNERS:
On behalf of the Board of Directors and the people at The Coca-Cola Company, thank you for your investment and the trust you have placed in our Company.
As I write this letter, which is my last as CEO, I’m proud to report that 2025 was another year of resilience and strong performance. We delivered solid growth while navigating the familiar challenges of a dynamic global marketplace. More importantly, we continued building momentum across our strategic priorities, positioning the Company for sustained success in the years ahead.
I’m incredibly thankful for the opportunity to lead this remarkable Company, and I have great confidence in our future.
| A Company Built to EndureThe Coca-Cola Company has thrived for many decades because each generation of leadership has embraced change while staying true to our purpose: to refresh the world and make a difference.Throughout my tenure, we’ve worked to position the Company for the next chapter of growth. We evolved into a total beverage company with a focused portfolio of approximately 200 brands. We built a networked organization that combines global scale with local market expertise. We transformed our marketing to be digital-first and consumer-centric. We accelerated innovation while maintaining the discipline to scale what works.We’re proud of what this has helped us achieve. We’ve added 12 billion-dollar brands since 2017. Our system is stronger and more aligned than ever. Our brands continue to win with consumers across categories and geographies. Our bottling partners are investing for growth. And our financial performance demonstrates the durability of our business model.Focused on Our OpportunitiesOur strategy to capture immense opportunities for growth around the world is clear and unchanging: stay relentlessly focused on consumers, innovate with discipline, build brands that matter, and execute with excellence through our unmatched global system.In 2025, we continued making progress. Our marketing transformation is delivering results, with digital now representing a majority of our media investment. Our revenue growth management capabilities continue to strengthen. Our sustainability aspirations, from water stewardship to packaging circularity, are integrated into our business.We also continued to push the boundaries of innovation, from AI-powered consumer engagement to new product platforms to strategic partnerships that expand our reach into adjacent categories. | | Leadership for the FutureAs I prepare to pass the baton to Henrique Braun, I’m struck by how much of our success comes from the right combination of continuity and discontent: continuity of purpose, strategy and culture, coupled with the belief that we must always focus on getting better.Henrique joined the Company 30 years ago and has added value in countless ways by contributing to our success in markets around the world.Leadership transitions are a necessary and healthy part of any enduring enterprise. Our Board has prepared thoughtfully for this moment, and I have complete confidence in Henrique and the team that will lead us forward. They know this business deeply. They embrace our culture. They’re committed to the strategies we’ve put in place together. And they’re eager to build on the momentum we’ve created.As our longtime chairman Robert Woodruff famously said, “The world belongs to the discontented.” The Company’s restless ambition, combined with disciplined execution and deep respect for our heritage, is what positions us to win for decades to come.In closing, thank you to our shareowners: Thank you for believing in this business and for giving me the privilege to steward it. |
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| Sincerely, JAMES QUINCEYChairman and Chief Executive OfficerThe Coca-Cola Company | ||
“I’m incredibly thankful for the opportunity to lead this remarkable Company, and I have great confidence in our future.”
| DATE & TIME · · · · Items of Business · Our Board’sRecommendation · Page | |||||||||
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| Wednesday, April 29, 20268:30 a.m. Eastern Time · · Company Proposals · · · | |||||||||
| | Item 1 | | Elect as Directors the 12 Director nominees namedin the attached Proxy Statement to serve until the2027 Annual Meeting of Shareowners. | FOR each Director Nominee | 6 | ||||
| VIRTUAL MEETING LOCATION | | ||||||||
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| The 2026 Annual Meeting of Shareowners will be held exclusively online. Visit meetnow.global/KO2026 to attend the meeting. | | Item 2 | | Conduct an advisory vote to approve executive compensation. | FOR | 46 | |||
| | Item 3 | | Ratify the appointment of Ernst & Young LLP as Independent Auditors of the Company to serve for the 2026 fiscal year. | FOR | 85 | ||||
| ANNUAL MEETING WEBSITE | | | Shareowner Proposals | | | | |||
| | | Item 4 | | Vote on a shareowner proposal requesting a sustainability committee by-law amendment. | AGAINST | 89 | |||
| Access links to vote in advance, submit questions in advance of the meeting and learn more about our Company at www.coca-colacompany.com/annual-meeting-of-shareowners. | | | |||||||
| | Item 5 | | Vote on a shareowner proposal requesting a report evaluating the Company’s plastics packaging policies. | AGAINST | 91 | ||||
| | Item 6 | | Vote on a shareowner proposal requesting a report on the extent of the Company’s diversity, equity and inclusion efforts. | AGAINST | 93 | ||||
| RECORD DATE | | | Item 7 | | Vote on a shareowner proposal requesting a report on risks related to ingredients. | AGAINST | 95 | ||
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| Holders of record of our Common Stock as of March 2, 2026 are entitled to notice of, and to vote at, the meeting. | | Item 8 | | Vote on a shareowner proposal requesting a report on the Company’s plans to increase sustainability disclosure. | AGAINST | 97 | |||
Shareowners will also transact such other business as may properly come before the meeting and at any adjournments or postponements of the meeting.
| VOTING METHODS | | | ||||||
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| Your vote is important to us. Whether or not you plan to participate in the 2026 Annual Meeting, we urge you to vote and submit your proxy in advance of the meeting using one of the below advance voting methods. Make sure to have your proxy card or voting instruction form in hand and follow the instructions.Shareowners may also vote during the meeting by accessing the virtual meeting according to the instructions in question 2 on page 99 of the attached Proxy Statement. | | |||||||
| | Advance Voting Methods | | Internet | | Phone | | | |
| | Shareowners of Record(shares registered on the books ofthe Company via Computershare) | | www.investorvote.com/coca-cola | | Call 1-800-652-VOTE or the telephonenumber on your proxy card | | Sign, date andreturn your proxy card | |
| | Beneficial Owners(shares held through your bank,brokerage account or othernominee) | | www.proxyvote.com | | Call 1-800-454-8683 or the telephonenumber on your voting instruction form | | Sign, date and return your votinginstruction form | |
| | Not all beneficial owners may vote at the web address and phone number provided above. If your control number is not recognized, please refer to your voting instruction form for specific voting instructions. | | ||||||
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The 2026 Annual Meeting of Shareowners (“2026 Annual Meeting”) will be held exclusively online via live webcast. Our virtual format provides expanded access to more shareowners, while also providing the same rights shareowners would have during an in-person meeting. We have received consistent positive feedback regarding our virtual format, including that our virtual format allows shareowners to attend a greater number of companies’ annual meetings, from any location around the world, at no cost to them. While you will not be able to attend the meeting at a physical location, as a shareowner of The Coca-Cola Company (the “Company”), you will be able to attend the meeting online, vote your shares electronically and submit questions during the meeting.
To attend the 2026 Annual Meeting, visitmeetnow.global/KO2026. For more information on how to participate in the 2026 Annual Meeting, please seeAnnex A of the attached Proxy Statement beginning onpage99.
An electronic list of shareowners of record as of the record date will be available for inspection by shareowners for any purpose germane to the meeting from April 17 through April 28, 2026. To access the electronic list during this time, please send your request, along with proof of your Company share ownership, by email to shareownerservices@coca-cola.com. You will receive confirmation of your request and instructions on how to view the electronic list. Please see question 23 onpage104 of the attached Proxy Statement for more information.
We are making the Proxy Statement and the form of proxy first available on or about March 16, 2026.
By Order of the Board of Directors
| JENNIFER D. MANNINGCorporate Secretary and Senior Vice President, Associate General CounselMarch 16, 2026 | | | | | Important Notice Regarding the Availability of Proxy Materials for the 2026 Annual Meeting of Shareowners to be held on April 29, 2026: |
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| | | | | The Notice of Annual Meeting, Proxy Statement and Annual Report on Form 10-K for the year ended December 31, 2025 are available free of charge at www.edocumentview.com/coca-cola. |
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