Form 8-K

8-K — COCA COLA CO

Accession: 0001552781-26-000366

Filed: 2026-06-25

Period: 2026-06-18

CIK: 0000021344

SIC: 2080 (BEVERAGES)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Financial Statements and Exhibits

Documents

8-K — e26287_ko-8k.htm (Primary)

EX-10.1 (e26287_ex10-1.htm)

EX-99.1 (e26287_ex99-1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report

(Date of earliest event reported):

June 25,

2026 (June 18, 2026)

COCA COLA CO

(Exact name of

Registrant as specified in its charter)

Delaware

001-02217

58-0628465

(State

or other jurisdiction of incorporation)

(Commission

File Number)

(I.R.S.

Employer Identification No.)

One

Coca-Cola Plaza

Atlanta,

Georgia

30313

(Address

of principal executive offices)

(Zip

Code)

Registrant’s

telephone number, including area code: (404) 676-2121

Check the appropriate

box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following

provisions:

☐ Written communications pursuant

to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17

CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange

Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered

pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock, $0.25 Par Value

New

York Stock Exchange

1.875%

Notes Due 2026

KO26

New

York Stock Exchange

0.750%

Notes Due 2026

KO26C

New

York Stock Exchange

1.125%

Notes Due 2027

KO27

New

York Stock Exchange

0.125%

Notes Due 2029

KO29A

New

York Stock Exchange

0.125%

Notes Due 2029

KO29B

New

York Stock Exchange

0.400%

Notes Due 2030

KO30B

New

York Stock Exchange

1.250%

Notes Due 2031

KO31

New

York Stock Exchange

3.125% Notes Due 2032

KO32

New York Stock Exchange

0.375%

Notes Due 2033

KO33

New

York Stock Exchange

0.500%

Notes Due 2033

KO33A

New

York Stock Exchange

1.625%

Notes Due 2035

KO35

New

York Stock Exchange

1.100%

Notes Due 2036

KO36

New

York Stock Exchange

0.950%

Notes Due 2036

KO36A

New

York Stock Exchange

3.375% Notes Due 2037

KO37

New York Stock Exchange

0.800%

Notes Due 2040

KO40B

New

York Stock Exchange

1.000%

Notes Due 2041

KO41

New

York Stock Exchange

3.500% Notes Due 2044

KO44

New York Stock Exchange

3.750% Notes Due 2053

KO53

New York Stock Exchange

Indicate by check

mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this

chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth

company ☐

If an emerging growth

company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or

revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory

Arrangements of Certain Officers.

On June 25, 2026, The Coca-Cola Company (the “Company”) announced

that Jennifer Mann, Executive Vice President and President, North America Operating Unit, will be departing the Company. Effective July

31, 2026, Ms. Mann will step down from her current positions. Beginning on August 1, 2026, she will continue with the Company as a senior

advisor until April 30, 2027. Effective August 1, 2026, John Murphy, President and Chief Financial Officer, will assume responsibility

for the North America Operating Unit on an interim basis.

On June 25, 2026, the Company and Ms. Mann entered into a Separation Agreement

detailing the terms of her departure. The Separation Agreement provides that Ms. Mann will receive severance benefits under the terms

of The Coca-Cola Company Severance Pay Plan. With respect to annual incentives, if Ms. Mann remains employed through December 31, 2026,

she will be eligible for an annual incentive award for 2026. She will not be eligible for an annual incentive award for 2027. With respect

to long-term incentives, Ms. Mann will not receive any additional equity grants and all of Ms. Mann’s outstanding performance share

unit awards and stock option awards will be treated according to the existing terms of the equity plans and related agreements. Ms. Mann’s

retirement benefits will consist of those benefits accrued and vested under the standard terms and conditions of the plans in which she

participates. The foregoing description is qualified in its entirety by the Separation Agreement for Ms. Mann, a copy of which is attached

hereto as Exhibit 10.1 and incorporated herein by reference.

A copy of the Company’s press release announcing these changes is

furnished to this report as Exhibit 99.1.

Item

9.01(d). Financial

Statements and Exhibits.

EXHIBIT INDEX

Exhibit

No.

Description

Exhibit 10.1

Separation Agreement and Full and Complete Release and Agreement on Trade Secrets and Confidentiality between The Coca-Cola Company and Jennifer Mann, dated June 25, 2026.

Exhibit

99.1

Press Release of The Coca-Cola Company, dated June 25, 2026.

Exhibit

104

Cover Page Interactive Data File (the cover page XBRL tags are embedded

within the iXBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the

Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE

COCA-COLA COMPANY

(REGISTRANT)

Date:

June 25, 2026

By:

/s/

Monica Howard Douglas

Monica

Howard Douglas

Executive Vice President and Global General Counsel

EX-10.1

Filename: e26287_ex10-1.htm · Sequence: 2

Exhibit 10.1

June

24, 2026

Jennifer

Mann

Dear

Jennifer,

We thank you very much for all your

contributions to the Coca-Cola system. This letter outlines the terms of your separation. All applicable elements of your separation

package will be paid under the terms of the relevant policies and plans of The Coca-Cola Company (the “Company”).

1. As

we discussed, you will step down from your current role as Executive Vice President and

President, North America OU effective July 31, 2026. Beginning August 1, 2026, you will

continue with the Company as a senior advisor through April 30, 2027. In this role,

you will continue to work your normal schedule and assist with the transition of your

responsibilities and related work as necessary and will separate from the Company on

April 30, 2027 (“Separation Date”).

2. If

you sign the release referenced below, you will be eligible for a benefit under The Coca-Cola

Company Severance Pay Plan equivalent to two years of base salary, based on your current

annual salary. This amount will be paid in a lump sum shortly after your Separation

Date. This amount is subject to all applicable tax and withholdings.

3. If

you remain employed through December 31, 2026, you will be eligible for an annual incentive

award for 2026. The actual payment amount is contingent upon actual Company performance

and your performance. Any award will be paid on or about March 15, 2027. Your participation

and any award made to you shall be determined by the Talent and Compensation Committee.

You will not be eligible for an annual incentive award for 2027.

4. All

performance share unit (PSU) awards which you previously have received will be treated

according to the terms of the Company’s applicable restricted stock plans and programs

as well as your related PSU Agreements. Upon receipt of any award, the Company will apply

withholding tax as required by law and you will be personally liable for paying any taxes

owed.

5. All

options you previously have received will be exercisable according to the terms of the

Company’s applicable stock option plans and programs as well as your related Stock

Option Grant Agreements. When you exercise your vested stock options, the Company will

apply withholding tax as required by law and you will be personally liable for paying

any taxes owed on such exercises.

6. You

will not receive any additional equity grants.

7. Your

base salary will remain at the current rate until your Separation Date. You will not

receive future increases.

8. Your

retirement benefits will consist of those benefits you have accrued under the standard

terms and conditions of the plans in which you participate and in which benefits are

vested as of your Separation Date.

9. The

Company will provide at its expense outplacement services through a designated services

provider.

Classified - Confidential

Jennifer Mann

June 24, 2026

Page 2

10. The

terms and conditions in this letter are further conditioned upon your signing and adhering

to the Full and Complete Release and Agreement on Competition, Trade Secrets and Confidentiality.

A copy of the release is provided to you in advance for review; however, you will be

required to sign the release at or immediately prior to your Separation Date. Additionally,

you must sign and return this letter within 21 days of the date of this letter.

Please contact the Advanced Care

team should you have any additional questions regarding the terms of this letter or the terms of any of the benefit plans.

Sincerely,

/s/ Henrique Braun

Henrique Braun

Chief Executive Officer

Agreed to and accepted on June 25, 2026.

/s/ Jennifer Mann

Jennifer Mann

cc:

Margie Lewis

Advanced Care / Executive Services

Classified - Confidential

FULL AND COMPLETE

RELEASE

AND AGREEMENT

ON TRADE SECRETS

AND CONFIDENTIALITY

1. Release.

In consideration of the lump sum payment of benefits under The Coca-Cola Company Severance Pay Plan (the “Severance

Plan”), special rights under the long term incentive and equity programs of The Coca-Cola Company (“TCCC”) (“LTI

Programs”), and other good and valuable consideration, I, for myself and my heirs, executors, administrators and assigns,

do hereby knowingly, voluntarily and unconditionally release, hold harmless and forever discharge The Coca-Cola Company (“TCCC”)

and its subsidiaries, affiliates, joint ventures, joint venture partners, and benefit plans (collectively with TCCC referred

to herein as the “Company”), and their respective current and former directors, officers, administrators, trustees,

employees, agents, and other representatives, (collectively with the Company, referred to herein as “Releasees”) from

all debts, claims, actions, causes of action (including without limitation claims arising from or in connection with my employment,

pay, bonuses, vacation or any other benefits, and/or other terms and conditions of employment or employment practices of Company;

claims arising out of or relating to the termination of my employment with the Company or the surrounding circumstances thereof;

and any causes of action that I may have under the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C.

§ 1001 et seq.; the Worker Adjustment and Retraining Notification Act of 1988, 29 U.S.C. § 2101

et seq.; and those federal, state, local, and foreign laws prohibiting employment discrimination based on age, sex,

race, color, national origin, religion, disability, veteran or marital status, sexual orientation, or any other protected trait

or characteristic, or retaliation for engaging in any protected activity, including without limitation the Age Discrimination

in Employment Act of 1967, 29 U.S.C. § 621 et seq. (“ADEA”), as amended by the Older

Workers Benefit Protection Act, P.L. 101-433; the Equal Pay Act of 1963, 9 U.S.C.§ 206, et seq.;

Title VII of The Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e et seq.; the Civil

Rights Act of 1866, 42 U.S.C. § 1981; the Civil Rights Act of 1991, 42 U.S.C. § 1981a; the Americans

with Disabilities Act, 42 U.S.C. § 12101 et seq.; the Rehabilitation Act of 1973, 29 U.S.C.

§ 791 et seq.; the Family Medical Leave Act; and comparable state, local, and foreign causes of action,

whether statutory or common law, including but not limited to all claims related to wrongful discharge, negligence, defamation,

tort and contract), suits, dues, sums of money, accounts, reckonings, covenants, contracts, claims for costs or attorneys’

fees, controversies, agreements, promises, and all liabilities of any kind or nature whatsoever, at law, in equity, or otherwise,

KNOWN OR UNKNOWN, fixed or contingent, which I (or my heirs, executors, administrators and assigns) ever had, now have, or may

have based on facts or events that occur on or prior to the date that I execute this Full and Complete Release and Agreement on

Trade Secrets and Confidentiality (“Agreement”).

Further,

I expressly waive any and all rights that I have under any state or local statute, executive order, regulation, common law and/or

public policy relating to known and unknown claims based on facts or events occurring on or prior to the date that I execute this

Agreement, including but not limited to the New Jersey Conscientious Employee Protection Act (N.J. Sta. Ann. 34:19-1, et seq.);

the New Jersey Law Against Discrimination (N.J. Stat. Ann. 10:5-1, et seq.); the New Jersey Family Leave Act; the New Jersey Wage

Payment Law; Massachusetts Fair Employment Practices Act (Mass. G.L. 151B); West Virginia Human Rights Act1; South

Dakota Codified Laws Section 20-7-11; North Dakota Century Code Section 9-13-02; and Section 1542 of the California Civil Code,

the latter of which reads as follows: “A general release does not extend to claims which the creditor does not know or

suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected

his or her settlement with the debtor.” I understand that I am referred to in this statute as the “creditor”

and the Company or other Releasees are referred to as the “debtor.” I consciously intend these consequences even as

to claims for damages that may exist as of the date I execute this Agreement that I do not know exist, and which, if known, would

materially affect my decision to execute this Agreement, regardless of whether the lack of knowledge is the result of ignorance,

oversight, error, negligence or any other cause.

I acknowledge that I have been provided the toll-free number of the West Virginia State Bar Association (1-800-642-3617).

Classified - Confidential

fully understand and agree that:

a. This

Agreement is in exchange for the payment of benefits under the Severance Plan, special

rights under the LTI Programs, and other good and valuable consideration to which I would

otherwise not be entitled;

b. The

Company’s obligation to pay and my right to receive the severance payment and special

rights under the LTI Programs is subject to and conditioned upon my compliance with the

covenants set forth in Sections 2 through 7 of this Agreement. In the event I breach

any such covenant, the Company’s obligation to pay and my right to receive the

severance payment and special rights under the LTI Programs will automatically terminate

and I shall immediately repay to the Company ninety percent (90%) of any amounts previously

paid to me (with the remaining 10% serving as consideration for the release of claims

set forth in Section 1 of this Agreement), in each case without limiting my obligations

under this Agreement or the Company’s other rights and remedies available at law

or in equity.

c. I

am hereby advised to consult with an attorney before signing this Agreement;

d. To

the extent required by the Older Workers Benefit Protection Act, I have been informed

as to any class, unit, or group of individuals covered by this group termination program,

any eligibility factors and time limits applicable to this group termination program,

the job titles and ages of all individuals covered by this group termination program,

and the job titles and ages of all individuals in the job classification or organizational

unit who are not eligible or selected for the group termination program;

e. I

have 21 days from my receipt of this Agreement within which to consider whether

to sign it. I may choose to sign this Agreement before the expiration of the 21-day consideration

period, and if I choose to do so, I understand that I do so voluntarily. I agree that

changes to this Agreement, whether material or immaterial, will not start the consideration

period;

f. I

have seven days following my signature of this Agreement to revoke the Agreement;

g. This

Agreement shall not become effective or enforceable until the revocation period of seven

days has expired.

I choose to revoke this Agreement, I must do so by notifying the Company in writing within the applicable revocation period. This

notification must be mailed either first class or certified mail to The Coca-Cola Company, One Coca-Cola Plaza, Atlanta, Georgia

30313, with a copy to TransitionKO@coca-cola.com.

Notwithstanding

any other provision or paragraph of this Agreement, I understand that by signing this Agreement I do not hereby waive any

rights or claims: (i) for unemployment or workers’ compensation, (ii) that arise after I sign this Agreement, or (iii) for

which private waivers or releases are prohibited by applicable law. In addition, I understand that nothing in this Agreement shall

be construed to prevent me from filing or participating in a charge of discrimination filed with the Equal Employment Opportunity

Commission (“EEOC”) or any similar state or local agency, or a charge with the National Labor Relations Board (“NLRB”)

or any other governmental agency. I further understand that this Paragraph 1 is not intended to restrict or limit in any way the

Protected Rights set forth below in Paragraph 7 of this Agreement. However, by signing this Agreement, I waive the right to recover

any monetary damages for any alleged injury personally suffered by me, individual relief, or attorneys’ fees from the Company

or the Releasees in any claim, charge, or lawsuit filed by me or any other person or entity. If there is any claim for loss of

consortium, or any other similar claim, arising out of or related to my employment or separation of employment with the Company,

I will indemnify and hold Releasees harmless from any liability, including costs and expenses (as well as reasonable attorneys’

fees) incurred by the Releasees as a result of any such claim. I acknowledge and represent that: (i) I received all compensation

due to me as a result of services performed for the Company with receipt of my final paycheck; (ii) I have reported to the Company

any and all work-related injuries incurred by me during my employment by the Company; (iii) I have not engaged in any act or omission

in violation of the Company’s Code of Business Conduct (the “COBC”); (iv) I am not aware of any act, failure

to act, practice, policy, or activity that I believe may violate the COBC; and (v) I have reported to the Company any actual or

suspected Code violations. I additionally understand and agree that this Agreement is not and shall not be construed to be an

admission of liability of any kind on the part any of the Releasees.

Classified - Confidential

2. Future

Cooperation. I covenant and agree that I shall, to the extent reasonably requested in writing, cooperate with and serve

in any capacity requested by the Company in any investigation and/or threatened or pending litigation (now or in the future) in

which the Company is a party, and regarding which I, by virtue of my employment with the Company, have knowledge or information

relevant to said litigation, including, but not limited to (i) meeting with representatives of the Company to provide truthful

information regarding my knowledge, (ii) acting as the Company’s representative, and (iii) providing, in any jurisdiction

in which the Company requests, truthful testimony relevant to said litigation, provided the Company pays me reasonable compensation

and reimburses me for reasonable expenses incurred in connection with such cooperation. I understand that this Paragraph 2 is

not intended to restrict or limit in any way the Protected Rights set forth in Paragraph 7 of this Agreement.

3. Trade

Secrets and Confidential Information. I covenant and agree that I have held and shall continue to hold in confidence all

Trade Secrets of the Company that came into my knowledge during my employment by the Company and shall not disclose, publish,

or make use of at any time such Trade Secrets for as long as the information remains a Trade Secret. “Trade Secrets”

means data or other information relating to the business of the Company protectable as a trade secret under applicable law, including,

without limitation, and without regard to form: technical or non-technical data, a formula, a pattern, a compilation, a program,

a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or

potential customers, vendors, or suppliers which is not commonly known by or available to the public and which information (1)

derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper

means by, other persons who can obtain economic value from its disclosure or use and (2) is the subject of efforts that are reasonable

under the circumstances to maintain its secrecy. For purposes of this Agreement, the term Trade Secret does not include any data

or information that has been voluntarily disclosed to the public by the Company (except where such public disclosure has been

made by me without authorization) or that has been independently developed and disclosed by others or that otherwise enters the

public domain through lawful means. I also covenant and agree that I will hold in confidence all Confidential Information of the

Company that came into my knowledge during my employment by the Company and will not disclose, publish, or make use of such Confidential

Information for as long as the information remains Confidential Information or the maximum period allowed under applicable law,

whichever is longer. “Confidential Information” means data or other information relating to the business of the Company

that is or has been disclosed to me or of which I became aware as a consequence of or through my relationship with the Company

and which has value to the Company, and is not generally known to the Company’s competitors, including but not limited to

methods of operation, names of customers, vendors, or suppliers, price lists, financial information and projections, route books,

confidential employee records, documents, or data acquired by the Company, and similar information. Confidential Information does

not include any data or information that has been voluntarily disclosed to the public by the Company (except where such public

disclosure has been made by me without authorization) or that has been independently developed and disclosed by others, or that

otherwise enters the public domain through lawful means. I understand that this Paragraph 3 is not intended to restrict or limit

in any way the Protected Rights set forth in Paragraph 7 of this Agreement.

4. Return

of Materials. I further covenant and agree that I have or shall promptly deliver to the Company all memoranda, notes,

records, manuals, or other documents, including all copies of such materials and all documentation prepared or produced in connection

therewith, containing Trade Secrets or Confidential Information regarding the Company’s business, whether made or compiled

by me or furnished to me by virtue of my employment with the Company. I shall promptly deliver to the Company all vehicles, computers,

credit cards, telephones, handheld electronic devices, office equipment, and other property furnished to me by virtue of my employment

with the Company.

5. No

Publicity. I will not publish any opinion, fact, or material, deliver any lecture or address, participate in the making

of any film, radio broadcast, or television transmission, or communicate with any representative of the media relating to the

business or affairs of the Company. I understand that nothing in this Agreement: (1) is intended in any way to restrict or limit

the Protected Rights set forth in Paragraph 7 of this Agreement or to intimidate, coerce, deter, persuade, or compensate me with

respect to providing, withholding, or restricting any communication whatsoever to the extent prohibited by law; (2) shall prevent

me from filing an administrative charge with the EEOC or participating in an investigation or proceeding by the EEOC or any other

governmental agency; or (3) shall prevent me from providing testimony or evidence if I am subpoenaed or ordered by a court or

other governmental authority to do so.

6. Non-Disparagement.

I agree that I will not make any statement, written or verbal, in any forum or media or take any action in disparagement of

the Company, including but not limited to negative references to the Company or its products, services, corporate policies, or

current or former officers or employees, customers, suppliers, or business partners or associates. I understand that this Paragraph

6 is not intended to restrict or limit in any way the Protected Rights set forth in Paragraph 7 of this Agreement.

Classified - Confidential

7. Protected

Rights. I understand that nothing in this Agreement is intended to limit my ability to make disclosures to, file a charge

or complaint, or initiate or participate in communications, investigations, or proceedings with, the EEOC, the NLRB, the Occupational

Safety and Health Administration, the Securities and Exchange Commission or any other federal, state or local governmental agency

or commission (“Government Agencies”). I further understand that nothing in this Agreement is intended to limit or

infringe on my rights under the National Labor Relations Act (NLRA) to bargain collectively or to exercise my rights under the

NLRA to discuss, communicate, engage in concerted activity, or assist regarding workplace issues, labor disputes, unfair labor

practices, working conditions, or other terms and conditions of employment. I further understand that I do not need to notify

the Company or seek the Company’s prior authorization before making such disclosures or engaging in such communications

or activity.

8. Inventions,

Discoveries and Authorship. I agree to and do hereby assign to the Company, without charge, all my rights, title, and

interest in and to any and all inventions and discoveries that I have made or may make, solely or jointly with others, while in

the employ of the Company, that (a) relate to or are useful to or may be useful in connection with business of the nature, type

or character carried on or contemplated by the Company, or (b) were or are made using the Company’s equipment, supplies,

facilities, or trade secret information and all my rights, title, and interest in and to any and all Patent Properties (as defined

below); and upon request of the Company, whether during or subsequent to my employment with the Company, I will do any and all

acts and execute and deliver such instruments as may be deemed by the Company necessary or proper to vest all my rights, title,

and interest in and to said inventions, discoveries, and Patent Properties and to secure or maintain such Patent Properties. For

the purpose of this agreement, “Patent Properties” shall mean any and all domestic and foreign (i) applications for

utility patents, design patents or industrial designs, petty patents, utility models, or Gebrauchsmuster; (ii) as well as any

divisions, continuations, or other application claiming the priority of any of the above and covering such inventions and discoveries;

(iii) any and all utility patents, design patents or industrial designs, petty patents, utility models, or Gebrauchsmuster granted

for such inventions and discoveries; and (iv) any and all reissues, extensions and revivals of any of the above. All necessary

and proper expenses in connection with the foregoing will be borne by the Company, and, if I perform services in connection therewith

at the Company’s request after termination of my employment with the Company, the Company will pay reasonable compensation

for such services. Any inventions and discoveries relating to the Company’s business made or conceived by me within one

year after termination of my employment with the Company will be deemed to be within this provision, unless I can prove that such

conception or invention is not based upon or related to any Confidential Information or Trade Secrets, as defined herein, of which

I became aware during and pursuant to my employment with the Company. I also assign to the Company, without charge, all my rights,

title, and interest in and to all original works of authorship fixed in any tangible form or medium or expression that have been

or are prepared by me, solely or jointly with others, within the scope of my employment with the Company. In addition, the Company

and I hereby agree that any such original work of authorship that qualifies as a “work made for hire” under the U.S.

and construction issues, and by the federal patent and copyright laws of the United States as to potential copyright issues.

9. Non-Competition

and Non-Solicitation. I agree that for two years after my employment with the Company ends for any reason whatsoever,

I will not, directly or indirectly, except with the prior written consent of the Company: (a) enter into or maintain an employment,

contractual, or other relationship to perform the Prohibited Activities (as defined below) in the Territory (as defined below)

for or on behalf of any person or business entity that competes with the Business of the Company (as defined below); (b) enter

into or maintain an employment, contractual, or other relationship to perform the Prohibited Activities (as defined below) in

any geographic area in which the Company did business during my employment, for or on behalf of any Customer (as defined below)

of the Company with whom I had material contact during the last two years of my employment with the Company; (c) enter into or

maintain an employment, contractual, or other relationship to perform the Prohibited Activities (as defined below) in any geographic

area that the Company did business during my employment, for or on behalf of any company listed in Attachment B to this Agreement;

(d) solicit or encourage, or attempt to solicit or encourage, directly or by assisting others, any Customer to do business with

any person or entity that competes with the business of the Company for purposes of providing services or products that are competitive

with those provided by the Company, whether or not the relationship between the Company and such Customer was originally established

in whole or in part through my efforts, if the Customer solicited is one with which I had material contact on the Company’s

behalf during the last two years of my employment with the Company; and/or (e) solicit or encourage, or attempt to solicit or

encourage, any person who is an employee of the Company, or who was an employee of the Company at any time during the six-month

period immediately preceding the termination of my employment with the Company, and with whom I had contact during the last two

years of my employment with the Company, to terminate his or her employment with the Company or to accept employment with any

other person or entity.

Classified - Confidential

10. Definitions.

For purposes of this Agreement

(a) products

or services will be considered competitive with those provided by the Company if the

products or services are flavored alcoholic beverages or non-alcoholic beverages, beverage

enhancers and related services of the type conducted, authorized, offered or provided

by the Company within two years prior to the termination of my employment,

(b) the “Territory”

will be defined as the geography described on Attachment A to this Agreement,

Business of the Company will be the development, production, marketing, sale and distribution

of flavored alcoholic beverages, non-alcoholic beverages, beverage enhancers and related

services or similar activities conducted, authorized, offered or provided by the Company

within two years before the termination of my employment,

(d) the

“Prohibited Activities” will be providing executive, management, sales, operations,

manufacturing, marketing or research and development services of the type I conducted,

provided or performed on behalf of the Company within two years prior to the termination

of my employment.

(e) “Customer”

means anyone who is or was a customer of the Company during my employment with the Company,

or is a prospective customer of the Company to whom the Company has made a presentation

(or similar offering of services) within the one-year period immediately preceding the

termination of my employment with the Company.

11. Governing

Law; Forum. I hereby agree that this Agreement, and the rights and obligations established herein, shall be governed and

construed in accordance with the laws of the State of Georgia, irrespective of its choice-of-law rules; provided, however, that

Section 9 of this Agreement (Inventions, Discoveries and Authorship) is to be governed by and interpreted in accordance with the

patent and copyright laws of the United States. I further agree that any litigation regarding this Agreement or the claims released

herein that is not subject to the arbitration provisions set forth in Paragraph 12 of this Agreement shall be conducted in a court

of competent jurisdiction in the State of Georgia, and I hereby irrevocably consent to the jurisdiction of such courts.

12. Arbitration

and Class Action Waiver. I understand and agree that, in the event there is any dispute or claim arising out of or relating

to this Agreement or the release of claims set forth in Paragraph 1 of this Agreement (the “Release”), my employment

by the Company, my promises or duties owed to the Company or the Company’s promises or duties owed to me, including, without

limitation, a dispute about the validity, enforceability, or coverage of the Release or the assertion of a claim covered by the

Release, all such disputes or claims will be resolved exclusively through a final and binding arbitration on an individual basis

only, and not in any form of class, collective, or private attorney general representative proceeding (“Class Action Waiver”).

Notwithstanding the foregoing, this Paragraph 12 shall not apply to any request for injunctive relief arising out of or relating

to Paragraph 3 of this Agreement (Trade Secrets and Confidential Information), Paragraph 8 of this Agreement (Inventions, Discoveries

and Authorship), and/or Paragraph 9 of this Agreement (Non-Competition and Non-Solicitation). This binding arbitration provision

is governed by the Federal Arbitration Act (9 U.S.C. §§ 1 et seq.) and is not intended to cover claims that cannot by

controlling law be required to be arbitrated, nor does it prevent the filing of a complaint with a governmental administrative

agency to the extent such complaints are permitted notwithstanding an agreement to arbitrate. Such complaints include, without

limitation, those filed with the National Labor Relations Board, Equal Employment Opportunity Commission, and/or the U.S. Department

of Labor. I understand and agree that any arbitration proceeding initiated under this agreement will be governed by the American

Arbitration Association’s Employment Arbitration Rules and Mediation Procedures (“AAA Employment Rules”), and

that no other rules or procedures (including AAA’s Supplementary Rules for Class Arbitrations) are to be applied to any

such proceeding. The AAA Employment Rules, which include an explanation of the process for commencing an arbitration and

other rules governing an arbitration, may be found at the AAA’s web site, www.adr.org, or by searching for “AAA employment

arbitration rules” using an internet search engine such as Google.com. In all cases where required by law, the Company

will pay the AAA administrative fees, as well as the Arbitrator’s fees and expenses. I understand and agree that I

am responsible to pay my own legal fees and expenses associated with any arbitration proceeding, subject to the Arbitrator’s

authority to award attorney fees, costs or other remedies in accordance with applicable law. A party may apply to

a court of competent jurisdiction (i.e., a state court or the United States District Court for the District in which the facility

location to which I was last assigned by the Company is located) for temporary or preliminary injunctive relief in connection

with an arbitrable controversy, but only upon the ground that the award to which that party may be entitled may be rendered

ineffectual without such provisional relief. Notwithstanding any other clause contained in this Agreement or the AAA Employment

Rules, any claim that all or part of the Class Action Waiver is invalid, unenforceable, unconscionable, void or voidable

may be determined only by a court of competent jurisdiction and not by an arbitrator. All other issues raised by the dispute

between the Company and myself, including without limitation a request for permanent injunctive relief and enforceability of the

Agreement, shall be determined by the arbitrator. I understand that this Paragraph 12 is not intended to restrict or limit in

any way the Protected Rights set forth in Paragraph 7 of this Agreement.

Classified - Confidential

13. General

Provisions. (i) Entire Agreement. This Agreement is the complete understanding between me and the Company

in respect of the subject matter of this Agreement and supersedes all prior agreements relating to the same subject matter to

the extent, and only to the extent, this Agreement is inconsistent with the provisions of such prior agreements. I expressly agree

that the provisions of any agreement I have previously signed regarding assignment to the Company of all rights in and to certain

inventions, discoveries, and original works of authorship relates to a different subject matter, and the provisions of that agreement

shall remain enforceable according to its terms and shall not be subject to Section 9 of this Agreement (Arbitration). By signing

this Agreement, I acknowledge and affirm that I have not relied upon any representations, promises or agreements of any kind except

those set forth herein. (ii) Severability. In the event that any provision of this Agreement should be held to be invalid

or unenforceable, each and every other provision of this Agreement shall remain in full force and effect. Further, if any provision

of this Agreement is found to be invalid or unenforceable, such provision shall be modified as necessary to permit this Agreement

to be upheld and enforced to the maximum extent permitted by law. (iii) Successors and Assigns. This Agreement inures

to the benefit of the Company and its successors and assigns. (iv) Amendment/Waiver. No amendment, modification

or discharge of this Agreement shall be valid or binding unless set forth in writing and duly executed by each of the parties

hereto.

14. Acknowledgment.

I hereby acknowledge and affirm that I have read this Agreement carefully, that I have had a full and reasonable opportunity

to consider this Agreement, and that I have not been pressured or in any way coerced, threatened, or intimidated into its execution.

I understand that it is my right to have this Agreement reviewed by an attorney of my choosing, and I have been encouraged to

do so by the Company. By knowingly and voluntarily signing this Agreement below, I acknowledge and affirm that I fully understand

each of this Agreement’s terms and conditions, and that I intend to abide by them in every respect.

By typing your name below, you

are (a) certifying that the Full and Complete Release and Agreement on Trade Secrets and Confidentiality, above, is correct; and

(b) agreeing that your typed name is your electronic signature and to use an electronic signature to acknowledge the correctness

of the Certification. Your electronic signature is as legally binding as an ink signature.

NOT APPLICALBE. DOCUMENT PROVIDED AS REFERENCE ONLY.

Signature

NOT APPLICALBE

Printed Name

Date:

NOT APPLICABLE

Classified - Confidential

ATTACHMENT

1. The following States of the

United States.

Alabama, Alaska, Arizona, Arkansas,

California, Colorado, Connecticut , Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana,

Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,

New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South

Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

2. The following Territories of

the United States.

American Samoa, District of Columbia,

Federated States of Micronesia, Guam, Midway Islands, Northern Mariana Islands, Puerto Rico, Republic of Palau, Republic of the

Marshall Islands, U.S. Virgin Islands,

3. Canada

Classified - Confidential

ATTACHMENT

(Competitors

for purposes of Section 9(c))

1. Prohibited Competitors.

A. PepsiCo., Inc.,

Nestlé

Dr. Pepper Snapple Group,

Inc.

Groupe Danone

Kraft Foods Inc.

Unilever

Cott Corporation / Primo

Brands

Starbucks

Classified - Confidential

EX-99.1

Filename: e26287_ex99-1.htm · Sequence: 3

Exhibit 99.1

News Release

The Coca-Cola Company Announces Leadership Transition

for North America Operating Unit

ATLANTA, June 25, 2026 – The Coca-Cola Company today announced that Jennifer Mann will step

down from her role as EVP and President, North America Operating Unit effective Aug. 1, at which time John Murphy, President and

Chief Financial Officer, will assume responsibility for the North America Operating Unit on an interim basis. Mann will stay with the

company through April 2027 as senior advisor to ensure a smooth transition.

A successor for President, North America Operating Unit will be announced at

a later date.

Mann began leading the company’s largest operating unit on Jan. 1,

2023, with a focus on accelerating growth as a purpose-driven total beverage company. Under her leadership, the North America Operating

Unit has delivered strong revenue and profit growth.

“I am grateful to Jennifer for her tremendous contributions to The Coca-Cola

Company as an operator and leader,” said Henrique Braun, CEO. “Her people-first legacy remains in the many high-performing

teams she’s led across the Coca-Cola business.”

About Jennifer Mann

Over her 29-year tenure with The Coca-Cola Company, Mann served in roles

of increased responsibility spanning operations and customer leadership. From 2019 until leading North America, Mann was president

of Global Ventures, including Costa Coffee and Coca-Cola’s investment in Monster Beverage Corp. She served as SVP

and chief people officer from 2017 until 2019. She was chief of staff for James Quincey, then President and Chief Operating Officer and

later CEO, from 2015 to 2018.

From 2012 to 2015 as vice president and general manager of Coca-Cola Freestyle,

Mann accelerated its global expansion across the Coca-Cola system. Additional prior roles include vice president, Foodservice & On-Premise Strategy

and Marketing for Coca-Cola Refreshments; director, McDonald's Customer & Consumer Operations and director, Good Answer. Mann joined Coca-Cola in

1997 as a manager in the National Customer Support division of North America.

Mann serves on several board of directors including Verizon Communications,

Inc., American Beverage Association, Boys & Girls Clubs of America, Coca-Cola FEMSA, fairlife LLC, Morehouse College, and Ronald McDonald

House Charities.

About The Coca-Cola Company

The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s

purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide.

Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite and Fanta. Our water, sports, coffee and tea brands include Dasani,

smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Fuze Tea, Gold Peak and Ayataka. Our juice, value-added dairy

and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and Santa Clara. We’re constantly transforming

our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people’s

lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions

reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity

to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Instagram, Facebook and LinkedIn.

Contacts:

Investors and Analysts: Todd Beiger, koinvestorrelations@coca-cola.com

Media: Scott Leith, sleith@coca-cola.com

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