On March 11, 2022, The Coca-Cola Company Received a Shareholder Proposal from National Legal and Policy Center, asking the Company to adopt as policy, and amend the bylaws as necessary, to require hereafter that the chair of the board of directors be an independent member of the board, consistent with applicable law and existing contracts. In addition, the Company urged the shareholders to vote against the shareholders proposal at the annual meeting of shareholders to be held on April 26, 2022.