KO 8-K: Smart Summary

The Coca-Cola Company announced that Jennifer Mann, Executive Vice President and President, North America Operating Unit, will step down from her current positions effective July 31, 2026, and will continue as a senior advisor through April 30, 2027. John Murphy, President and Chief Financial Officer, will assume responsibility for the North America Operating Unit on an interim basis effective August 1, 2026.

• President and Chief Financial Officer (interim North America Operating Unit responsibility) John Murphy — will assume responsibility for the North America Operating Unit on an interim basis effective August 1, 2026, in addition to his existing role as President and CFO

• Jennifer Mann — base salary to remain at current rate through April 30, 2027 (Separation Date) with no future increases; severance benefit equivalent to two years of base salary (based on current annual salary) under The Coca-Cola Company Severance Pay Plan, paid in a lump sum shortly after the Separation Date (conditioned on signing the release); if she remains employed through December 31, 2026, eligible for a 2026 annual incentive award (actual amount contingent on Company and individual performance, payable on or about March 15, 2027); not eligible for a 2027 annual incentive award; no additional equity grants; all outstanding PSU awards and stock option awards treated according to existing equity plan terms and related agreements; retirement benefits consisting of those accrued and vested under standard plan terms as of Separation Date; Company-provided outplacement services through a designated provider; severance and LTI rights conditioned on compliance with non-competition, non-solicitation, confidentiality, and other covenants (breach triggers obligation to repay 90% of amounts previously paid)

• Executive Vice President and President, North America Operating Unit Jennifer Mann — stepping down from current positions effective July 31, 2026; will continue as senior advisor from August 1, 2026 through April 30, 2027 (Separation Date); Separation Agreement entered into June 25, 2026