Keurig Dr Pepper (KDP) Proxy filing summary

Executive summary

• Achieved strong 2025 results: net sales grew over 8% and adjusted diluted EPS grew 7% in constant currency, driven by innovation, portfolio expansion, and disciplined cost management.

• Completed acquisition of JDE Peet's in April 2026, expanding global coffee scale and capabilities.

• Announced plan for tax-free separation into two independent, publicly traded companies: Global Coffee Co. and Beverage Co., with a pre-separation operating model implemented in 2026.

• Leadership transitions included new CEO for Coffee Operating Unit and Board refreshment with new independent directors.

Voting matters and shareholder proposals

• Election of nine director nominees for one-year terms.

• Advisory vote to approve executive compensation (say-on-pay).

• Ratification of Deloitte & Touche LLP as independent auditor for 2026.

• Approval of the 2026 Omnibus Stock Incentive Plan, authorizing 44 million new shares for equity awards.

Board of directors and corporate governance

• Eight of nine director nominees are independent; annual election of all directors.

• Board succession planning led to the retirement of key directors and addition of new independent members.

• Board committees restructured in 2026: Remuneration and Nomination Committee split into Nominating & Governance and Compensation Committees.

• Annual board and committee self-evaluations; director stock ownership guidelines set at 5x annual cash retainer.