Coca-Cola Consolidated Board of Directors Approves 10 for 1 Stock Split
Coca-Cola Consolidated (NASDAQ: COKE) has announced a significant 10-for-1 stock split for both its Common Stock and Class B Common Stock, pending stockholder approval at the Annual Meeting on May 13, 2025. The split requires an amendment to the Company's Restated Certificate of Incorporation to increase the authorized shares proportionally.
Shareholders of record as of May 16, 2025, will receive 9 additional shares for each share held, with distribution planned for May 23, 2025. Trading on a split-adjusted basis is expected to begin around May 27, 2025.
Chairman and CEO J. Frank Harrison, III noted that the decision comes as shares trade near all-time highs, citing solid financial performance and increased investor interest. The split aims to make the stock more accessible to a broader investor base.
Coca-Cola Consolidated (NASDAQ: COKE) ha annunciato un'importante scissione azionaria 10 per 1 sia per le sue azioni ordinarie che per le azioni di Classe B, soggetta all'approvazione degli azionisti durante l'Assemblea Annuale del 13 maggio 2025. La scissione richiede una modifica del Certificato di Incorporazione Riformulato della Società per aumentare proporzionalmente le azioni autorizzate.
Gli azionisti registrati al 16 maggio 2025 riceveranno 9 azioni aggiuntive per ogni azione posseduta, con distribuzione prevista per il 23 maggio 2025. Il trading su base rettificata per la scissione dovrebbe iniziare intorno al 27 maggio 2025.
Il Presidente e CEO J. Frank Harrison, III ha osservato che la decisione arriva mentre le azioni vengono scambiate vicino ai massimi storici, citando solidi risultati finanziari e un crescente interesse da parte degli investitori. La scissione mira a rendere le azioni più accessibili a una base di investitori più ampia.
Coca-Cola Consolidated (NASDAQ: COKE) ha anunciado una división de acciones 10 por 1 tanto para sus acciones ordinarias como para las acciones de Clase B, sujeta a la aprobación de los accionistas en la Junta Anual el 13 de mayo de 2025. La división requiere una enmienda al Certificado de Incorporación Reformulado de la Compañía para aumentar proporcionalmente las acciones autorizadas.
Los accionistas registrados a partir del 16 de mayo de 2025 recibirán 9 acciones adicionales por cada acción que posean, con una distribución prevista para el 23 de mayo de 2025. Se espera que el comercio en base ajustada por la división comience alrededor del 27 de mayo de 2025.
El Presidente y CEO J. Frank Harrison, III señaló que la decisión se produce mientras las acciones se negocian cerca de máximos históricos, citando un sólido rendimiento financiero y un creciente interés de los inversores. La división tiene como objetivo hacer que las acciones sean más accesibles para una base de inversores más amplia.
코카콜라 컨솔리데이트 (NASDAQ: COKE)가 일반주식 및 B 클래스 일반주식에 대해 10대 1 주식 분할을 발표했습니다. 이는 2025년 5월 13일 연례 총회에서 주주 승인을 기다리고 있습니다. 이 분할은 회사의 개정된 정관을 수정하여 승인된 주식을 비례적으로 증가시켜야 합니다.
2025년 5월 16일 기준 주주들은 보유한 주식 1주당 9주의 추가 주식을 받게 되며, 배포는 2025년 5월 23일로 예정되어 있습니다. 분할 조정 기준으로 거래는 2025년 5월 27일경 시작될 것으로 예상됩니다.
회장 겸 CEO인 J. Frank Harrison, III는 주가가 사상 최고치 근처에서 거래되고 있는 가운데 이 결정이 내려졌으며, 견고한 재무 성과와 증가하는 투자자 관심을 언급했습니다. 이 분할은 더 넓은 투자자 기반에 주식을 더 접근 가능하게 만드는 것을 목표로 하고 있습니다.
Coca-Cola Consolidated (NASDAQ: COKE) a annoncé un dividende d'actions 10 pour 1 pour ses actions ordinaires ainsi que pour ses actions de Classe B, sous réserve de l'approbation des actionnaires lors de l'Assemblée Générale Annuelle le 13 mai 2025. Cette scission nécessite une modification du Certificat de Constitution de la Société pour augmenter proportionnellement les actions autorisées.
Les actionnaires enregistrés au 16 mai 2025 recevront 9 actions supplémentaires pour chaque action détenue, avec une distribution prévue pour le 23 mai 2025. Le trading sur une base ajustée à la scission devrait commencer autour du 27 mai 2025.
Le Président et CEO J. Frank Harrison, III a noté que cette décision intervient alors que les actions se négocient près de leurs niveaux les plus élevés, citant de solides performances financières et un intérêt croissant des investisseurs. La scission vise à rendre les actions plus accessibles à une base d'investisseurs plus large.
Coca-Cola Consolidated (NASDAQ: COKE) hat einen bedeutenden Aktien-Split im Verhältnis 10 zu 1 für sowohl die Stammaktien als auch die Klasse-B-Stammaktien angekündigt, vorbehaltlich der Zustimmung der Aktionäre auf der Hauptversammlung am 13. Mai 2025. Der Split erfordert eine Änderung des überarbeiteten Gründungszertifikats des Unternehmens, um die genehmigten Aktien proportional zu erhöhen.
Aktionäre, die am 16. Mai 2025 registriert sind, erhalten 9 zusätzliche Aktien für jede gehaltene Aktie, mit einer geplanten Verteilung am 23. Mai 2025. Der Handel auf Basis des angepassten Splits wird voraussichtlich um den 27. Mai 2025 beginnen.
Der Vorsitzende und CEO J. Frank Harrison, III bemerkte, dass die Entscheidung getroffen wurde, während die Aktien nahe den Allzeithochs gehandelt werden, und verwies auf solide finanzielle Leistungen und gestiegenes Interesse von Investoren. Der Split zielt darauf ab, die Aktien für eine breitere Anlegerbasis zugänglicher zu machen.
- Stock trading near all-time highs
- Solid financial performance reported
- Increased investor interest in the company
- Enhanced stock accessibility for broader investor base
- None.
CHARLOTTE, N.C., March 04, 2025 (GLOBE NEWSWIRE) -- Coca‑Cola Consolidated, Inc. (NASDAQ: COKE) today announced that its Board of Directors approved a 10-for-1 split of the Company’s Common Stock and Class B Common Stock.
The stock split is subject to stockholder approval of an amendment to the Company's Restated Certificate of Incorporation to effect a 10-for-1 forward stock split of the Company’s Common Stock and Class B Common Stock and to proportionally increase the number of authorized shares of Common Stock and Class B Common Stock to accommodate the stock split (the “Amendment”). The Company intends to seek stockholder approval for the Amendment at its upcoming Annual Meeting of Stockholders on May 13, 2025.
If the Amendment is approved, stockholders of record as of May 16, 2025 will receive 9 additional shares for each share of Common Stock or Class B Common Stock held. Additional shares will be distributed to stockholders of record on or about May 23, 2025. The Company’s shares are expected to begin trading on a split-adjusted basis on or about Tuesday, May 27, 2025.
“We are pleased to announce this stock split as our shares are trading near an all-time high,” said J. Frank Harrison, III, Chairman and Chief Executive Officer. “Our solid financial performance has led to increased investor interest in our Company, and we believe this stock split will make our stock more accessible to a broader range of investors."
| CONTACTS: | ||
| Brian K. Little (Media) | Scott Anthony (Investors) | |
| Vice President, Corporate Communications Officer | Executive Vice President & Chief Financial Officer | |
| (980) 378-5537 | (704) 557-4633 | |
| Brian.Little@cokeconsolidated.com | Scott.Anthony@cokeconsolidated.com |
A PDF accompanying this release is available at: http://ml.globenewswire.com/Resource/Download/7df34a95-61b3-4bb6-9591-130bff2143ca
About Coca-Cola Consolidated, Inc.
Headquartered in Charlotte, N.C., Coca‑Cola Consolidated (NASDAQ: COKE) is the largest Coca‑Cola bottler in the United States. We make, sell and distribute beverages of The Coca‑Cola Company and other partner companies in more than 300 brands and flavors across 14 states and the District of Columbia, to approximately 60 million consumers. For over 123 years, we have been deeply committed to the consumers, customers and communities we serve and passionate about the broad portfolio of beverages and services we offer. Our Purpose is to honor God in all we do, to serve others, to pursue excellence and to grow profitably.
More information about the Company is available at www.cokeconsolidated.com. Follow Coca‑Cola Consolidated on Facebook, X, Instagram and LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements include those statements that do not relate strictly to historical or current facts. The words “anticipate,” “believe,” “expect,” “intend,” “project,” “may,” “will,” “should,” “could” and similar expressions are intended to identify forward-looking statements. While the Company has based these forward-looking statements on its current beliefs and expectations, these forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions that may cause the Company’s actual business, financial condition or results of operation to be materially different from those expressed or implied by such forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of the Company’s Annual Reports on Form 10-K and other filings the Company makes with the SEC. The Company does not undertake any obligation to update forward-looking statements except as required by applicable law.
FAQ
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