Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


            Appointment of Certain Officers; Compensatory Arrangements of Certain
            Officers.



On December 17, 2021, the Board of Directors of The Coca-Cola Company (the "Company") increased the size of the Board to 12 members and elected Herbert A. Allen III as a Director of the Company. Mr. Allen was appointed to the Finance Committee, effective immediately following his election.

Mr. Allen will participate in The Coca-Cola Company Directors' Plan, effective January 1, 2020 (the "Compensation Plan"), pursuant to which in 2021 he will be entitled to a prorated portion of the annual compensation paid to outside directors, consisting of $90,000 to be paid in quarterly installments in cash and $200,000 to be paid in deferred share units. The Compensation Plan is described further starting on page 36 of the Company's proxy statement for its 2021 Annual Meeting of Shareowners filed with the Securities and Exchange Commission on March 4, 2021.

There are no transactions in which Mr. Allen has an interest requiring disclosure under Item 404(a) of Regulation S-K. There is no arrangement or understanding between Mr. Allen and any other persons pursuant to which he was selected as a director.

A copy of the Company's press release announcing the election of Mr. Allen to the Board is attached to this report as Exhibit 99.1 and is incorporated herein by reference.

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