Boardroom Alpha
Meeting calendar
KO · Annual meeting · Wednesday, April 29, 2026

Coca Cola Co

12 nominees · 8 ballot items.

Elect 12 directors; advisory vote to approve executive compensation; ratify Ernst & Young as independent auditors; and vote on five shareowner proposals requesting (4) a sustainability committee by-law amendment, (5) a report evaluating plastics packaging policies, (6) a report on the extent of the Company’s diversity, equity and inclusion efforts, (7) a report on risks related to ingredients, and (8) a report on plans to increase sustainability disclosure.

Market cap
$365.4B
1Y TSR
+21.0%
Board grade
B-
Record date
Mar 2, 2026
Filing
DEF 14A
Meeting concluded · Apr 29, 2026

Follow how the vote landed and what changed on Coca Cola Co’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot8

  1. 1

    Election of Directors

    ManagementBoard: FOR

    Elect the 12 Director nominees named in the Proxy Statement to serve until the 2027 Annual Meeting of Shareowners.

  2. 2

    Advisory Vote to Approve Executive Compensation

    ManagementBoard: FOR

    Non-binding, advisory vote (say-on-pay) to approve the compensation of the Company’s Named Executive Officers as disclosed in the Proxy Statement.

    More detail

    This management proposal requests a non-binding advisory vote by shareholders to approve the compensation of the Company’s Named Executive Officers as disclosed in the proxy materials. Management and the Talent and Compensation Committee are seeking shareholder approval to reaffirm their compensation philosophy and program design — which emphasize pay‑for‑performance, significant performance-based compensation (PSUs and options), and alignment with long‑term shareholder value — and to confirm that the disclosed mix of base salary, annual incentive and long‑term incentives is appropriate. The Company’s compensation program ties annual incentives to defined financial metrics (net operating revenue growth and operating income growth) and ties long‑term incentives primarily to PSUs measured by revenue, EPS and free cash flow with a relative TSR modifier, which the Committee states is intended to align executives’ interests with shareholders. The Board’s recommendation to vote FOR is based on its view that the Committee’s process, use of comparator data, incorporation of shareholder feedback and governance features (clawbacks, double‑trigger change‑in‑control provisions, share ownership and retention policies) produce compensation that rewards performance and mitigates excessive risk. The advisory vote is non‑binding, but the Board will consider the outcome in future compensation decisions and retains discretion over pay programs. In the context of recent years, the Committee highlights above‑target payouts reflecting the Company’s 2025 performance and uses the advisory vote as a governance touchpoint for ongoing shareholder engagement. Potential investor concerns include the degree of discretion in some decisions, the scale of CEO pay relative to median employee pay, and the impact of robust PSU outcomes and TSR modifiers on realized pay; management counters that program design, disclosure and shareholder engagement address these issues. Ultimately, a FOR vote signals shareholder support for the Committee’s pay framework and its alignment with long‑term strategy, whereas a significant vote AGAINST would likely prompt additional engagement and potential design changes by the Committee.

  3. 3

    Ratification of the Appointment of Ernst & Young LLP as Independent Auditors

    ManagementBoard: FOR

    Ratify the appointment of Ernst & Young LLP to serve as the Company’s independent auditors for the 2026 fiscal year.

  4. 4

    Shareowner Proposal Requesting a Sustainability Committee By-Law Amendment

    Shareholder — National Center for Public Policy ResearchBoard: AGAINST

    Request to amend the Company’s By‑laws to require the Corporate Governance and Sustainability Committee to assess sustainability initiatives using NPV and ROI calculations and to report annually to shareholders on its findings.

  5. 5

    Shareowner Proposal Requesting a Report Evaluating the Company’s Plastics Packaging Policies

    Shareholder — National Legal and Policy CenterBoard: AGAINST

    Request the Board commission and publish (by March 31, 2027) an objective, non-biased report assessing Coca‑Cola’s plastics packaging policies, comparing plastics to alternatives (life‑cycle and economic analyses), and quantifying financial impacts of potential policy changes.

  6. 6

    Shareowner Proposal Requesting a Report on the Extent of the Company’s Diversity, Equity and Inclusion Efforts

    Shareholder — As You Sow (on behalf of Elizabeth JudaBoard: AGAINST

    Request that Coca‑Cola issue a public report (at reasonable cost) describing the extent of the Company’s current diversity, equity and inclusion (DEI) efforts and disclosures, citing concerns about insufficient transparency relative to peers.

  7. 7

    Shareowner Proposal Requesting a Report on Risks Related to Ingredients

    Shareholder — CommonSpirit Health (lead filer) and co-filersBoard: AGAINST

    Request a report describing processes and policies (beyond legal compliance) to assess and manage risks to human health, reputation and financial position associated with chemicals and additives in its food and beverage products.

  8. 8

    Shareowner Proposal Requesting a Report on the Company’s Plans to Increase Sustainability Disclosure

    Shareholder — Green Century Equity FundBoard: AGAINST

    Request a report describing whether and how the Company will increase inclusion of updated information in sustainability disclosures and whether it will align disclosures with a recognized framework and include a materiality assessment.

Director elections

Nominees on the ballot12

Independent
Tenure on this board
3.0 yrs
Also a director at
Graham Holdings Co (GHC)Markel Group Inc (MKL)
Not independent
Tenure on this board
9.2 yrs
Also a director at
Pfizer Inc (PFE)
Independent
Tenure on this board
8.2 yrs
Also a director at
Graham Holdings Co (GHC)Berkshire Hathaway Inc (BRK.B)
Independent
Tenure on this board
0.8 yrs
Also a director at
Affirm Holdings Inc (AFRM)
Independent
Tenure on this board
8.2 yrs
Also a director at
Morningstar Inc (MORN)Nice Ltd (NICE)
Independent
Tenure on this board
4.0 yrs
Also a director at
Walt Disney Co (DIS)Under Armour Inc (UAA)
Ownership

Top institutional holders10

Latest 13F quarter
1BERKSHIRE HATHAWAY INC6.6%282,722,729$21.5B
2VANGUARD CAPITAL MANAGEMENT LLC5.5%237,452,767$18.1B
3STATE STREET CORP3.9%167,222,395$12.8B
4BlackRock, Inc.3.0%127,969,923$9.7B
5VANGUARD PORTFOLIO MANAGEMENT LLC2.3%99,948,626$7.6B
6BlackRock, Inc.1.9%81,812,994$6.2B
7GEODE CAPITAL MANAGEMENT, LLC1.9%80,634,815$6.1B
8BERKSHIRE HATHAWAY INC1.9%80,283,200$6.1B
9CHARLES SCHWAB INVESTMENT MANAGEMENT INC1.8%76,338,200$5.8B
10FMR LLC1.5%62,907,986$4.8B
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the Coca Cola Co 2026 annual meeting?
Coca Cola Co (KO) holds its 2026 annual shareholder meeting on Wednesday, April 29, 2026.
What is the record date for the Coca Cola Co 2026 meeting?
The record date for the Coca Cola Co 2026 meeting is Monday, March 2, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for Coca Cola Co's 2026 meeting?
The board is presenting 12 director nominees at the Coca Cola Co 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the Coca Cola Co 2026 meeting?
Shareholders will vote on 8 proposals at the Coca Cola Co 2026 meeting, each tagged with who proposed it and the board's recommendation.
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