Short answer
PepsiCo (PEP) filed an 8-K current report with the SEC on September 17, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Joaquin Duato, Johnson & Johnson Chairman and CEO, joins PepsiCo’s Board as an independent director December 1, 2026.
PepsiCo 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Joaquin Duato, Johnson & Johnson Chairman and CEO, joins PepsiCo’s Board as an independent director December 1, 2026
- Audit Committee assignment adds healthcare, pharmaceutical, and global operating experience
- Initial compensation includes 1,000 PepsiCo shares and $166,667 prorated phantom-stock award
- Annual cash retainer totals $60,000 semi-annually, with first payment due June 2027
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