Form 8-K Dr Pepper Snapple Group, For: Feb 05
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): | � | February 5, 2015 |
Dr Pepper Snapple Group, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| � | � | � |
| Delaware | 001-33829 | 98-0517725 |
|
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| �� | � | � |
| 5301 Legacy Drive, Plano, Texas | � | 75024 |
|
_________________________________ (Address of principal executive offices) |
� |
___________ (Zip Code) |
| � | � | � |
| Registrant�s telephone number, including area code: | � | 972-673-7300 |
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:
[��]��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-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)
On February 5, 2015, Dr Pepper Snapple Group, Inc. (the "Company") issued a press release announcing that Antonio Carrillo has joined the Company's Board of Directors (the "Board") effective today. Mr. Carrillo was designated as an independent director and will stand for re-election at the annual stockholder's meeting occurring on May 21, 2015.
Mr. Carrillo is currently serving as Chief Executive Officer of Mexichem S.A.B., ("Mexichem"), a global specialty chemical company that is one of the largest companies traded on the Mexican Stock Exchange. Prior to joining Mexichem, Mr. Carrillo spent 16 years at Trinity Industries, Inc., where he held several executive positions. His most recent position was that of Group President and Senior Vice President based at the Company’s headquarters in Dallas, Texas. Mr. Carrillo has served as a director of Trinity Industries, Inc. since September 2014.
As a non-management member of the Board, Ms. Carrillo will receive an annual retainer of $100,000 and an award for restricted stock units equal to $130,000 in remuneration for his services in 2015.
There are no arrangements or understandings known to the Company between Mr. Carrillo and any other person pursuant to which he was elected as a director.
A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 8.01 Other Events.
On February 5, 2015, the Company issued a press release announcing that its Board of Directors declared a dividend of $0.48 per share on the company’s common stock-a 17.1% increase in the dividend rate. The dividend is payable in U.S. dollars on April 7, 2015, to the shareholders of record at the close of business on March 16, 2015. In addition, the Company announced that its Board of Directors authorized the repurchase of up to an additional $1 billion of the company’s common stock. In total, the Company has now authorized $4 billion of share repurchases. Through the third quarter of 2014, the Company repurchased $2.7 billion of its common stock.
A copy of the press release is attached hereto as Exhibit 99.2 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 --Dr Pepper Snapple Group, Inc. Press Release dated February 5, 2015--"Dr Pepper Snapple Group Adds Antonio Carrillo to Board".
99.2 -- Dr Pepper Snapple Group, Inc. Press Release dated February 5, 2015--"Dr Pepper Snapple Group Raises Quarterly Dividend 17.1% and Authorizes Additional $1 Billion Share Repurchase Program".
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.
| � | � | � | � | � |
| � | � | Dr Pepper Snapple Group, Inc. | ||
| �� | � | � | � | � |
| February 5, 2015 | � | By: | � |
James L. Baldwin
|
| � | � | � | � |
|
| � | � | � | � | Name: James L. Baldwin |
| � | � | � | � | Title: Executive Vice President & General Counsel |
Exhibit�Index
| � | � | � |
| Exhibit No. | � | Description |
|
|
� |
|
|
99.1
|
� | Dr Pepper Snapple Group, Inc. Press Release dated February 5, 2015--"Dr Pepper Snapple Group Adds Antonio Carrillo to Board". |
|
99.2
|
� | Dr Pepper Snapple Group, Inc. Press Release dated February 5, 2015 -- "Dr Pepper Snapple Group Raises Quarterly Dividend 17.1% and Authorizes $1 Billion Share Repurchase Program". |
| � | � | � | � | � |
| FOR IMMEDIATE RELEASE��������� | � | Contacts:��� | � | Media Relations |
| � | � | � | � | Chris Barnes, (972)�673-5539 |
| � | � | � | � | Investor Relations |
| � | � | � | � | Heather Catelotti, (972)�673-5869 |
DR PEPPER SNAPPLE GROUP ADDS ANTONIO CARRILLO TO BOARD
PLANO, Texas, Feb. 5, 2014 � Dr Pepper Snapple Group, Inc. (NYSE: DPS) today announced that Antonio Carrillo has been elected to the company�s board of directors.
Mr.�Carrillo, 48, has served as CEO of Mexichem S.A.B (BMV:MEXCHEM) since 2012. Mexichem is a global specialty chemical company based in Tlalnepantla, Mexico. Previously, he spent 16�years at Trinity Industries, Inc. (NYSE:TRN), where he held several executive positions, most recently group president and senior vice president at the company�s Dallas headquarters. He began his career at Infra S.A. de CV in 1988, where he held several positions in manufacturing management.
Mr.�Carrillo has served on the Board of Directors of Trinity Industries since September�2014.
�We are very pleased to add Antonio�s leadership, knowledge and background to the DPS board,� said Wayne Sanders, DPS chairman. �His experience leading a company with a growing and diverse portfolio and his manufacturing background will bring great value to the board, as will his strong understanding of the business climate in Mexico, an important market for DPS.�
Mr.�Carrillo holds an MBA in finance from the Wharton School of the University of Pennsylvania and received his bachelor�s degree in mechanical engineering from Anahuac University in Mexico City. He serves on the Latin American board of the Wharton School.
About Dr Pepper Snapple Group
Dr Pepper Snapple Group (NYSE: DPS) is a leading producer of flavored beverages in North America
and the Caribbean. Our success is fueled by more than 50 brands that are synonymous with
refreshment, fun and flavor. We have 6 of the top 10 non-cola soft drinks, and 13 of our 14 leading
brands are No.�1 or No.�2 in their flavor categories. In addition to our flagship Dr Pepper and
Snapple brands, our portfolio includes 7UP, A&W, Canada Dry, Clamato, Crush, Hawaiian Punch,
Mott�s, Mr & Mrs T mixers, Pe�afiel, Rose�s, Schweppes, Squirt and Sunkist soda. To learn more
about our iconic brands and Plano, Texas-based company, please visit DrPepperSnapple.com. For our
latest news and updates, follow us at Facebook.com/DrPepperSnapple or Twitter.com/DrPepperSnapple.
# # #
| � | � | � | � | � |
| FOR IMMEDIATE RELEASE��������� | � | Contacts:��� | � | Media Relations |
| � | � | � | � | Chris Barnes, (972)�673-5539 |
| � | � | � | � | Investor Relations |
| � | � | � | � | Heather Catelotti, (972)�673-5869 |
DR PEPPER SNAPPLE GROUP RAISES QUARTERLY DIVIDEND 17.1% AND AUTHORIZES ADDITIONAL $1 BILLION SHARE
REPURCHASE PROGRAM
Plano, TX, Feb. 5, 2015 � Dr Pepper Snapple Group, Inc. (NYSE: DPS) today announced that its Board of Directors declared a quarterly dividend of $0.48 per share on the company�s common stock � a 17.1% increase in the dividend rate. The dividend is payable in U.S. dollars on April�7, 2015, to shareholders of record as of close of business on March�16, 2015.
In addition, the company announced that its Board of Directors authorized the repurchase of an additional $1�billion of the company�s common stock. In total, the company has now authorized $4 billion of share repurchases. Through the third quarter of 2014, the company repurchased $2.7 billion of its common stock.
About Dr Pepper Snapple Group
Dr Pepper Snapple Group (NYSE: DPS) is a leading producer of flavored beverages in North America
and the Caribbean. Our success is fueled by more than 50 brands that are synonymous with
refreshment, fun and flavor. We have 6 of the top 10 non-cola soft drinks, and 13 of our 14 leading
brands are No.�1 or No.�2 in their flavor categories. In addition to our flagship Dr Pepper and
Snapple brands, our portfolio includes 7UP, A&W, Canada Dry, Clamato, Crush, Hawaiian Punch,
Mott�s, Mr & Mrs T mixers, Pe�afiel, Rose�s, Schweppes, Squirt and Sunkist soda. To learn more
about our iconic brands and Plano, Texas-based company, please visit www.DrPepperSnapple.com. For
our latest news and updates, follow us at www.Facebook.com/DrPepperSnapple or
www.Twitter.com/DrPepperSnapple.
# # # #
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