A maker of sodas and single-serve coffee, Keurig Dr Pepper produces drinks people sip daily—from Dr Pepper, Canada Dry, and GHOST to Keurig brewers and K-Cup pods under brands like Green Mountain Coffee and Starbucks. It took shape in 2018 when Keurig Green Mountain, born from a small 1979 Vermont coffee shop, merged with the Dr Pepper Snapple Group. Fun fact: the "Dr Pepper" name famously carries no period after "Dr"—the company dropped it in the 1950s—and its signature soda is its own category, not a cola. In 2025 it agreed to acquire coffee giant JDE Peet's.
Keurig Dr Pepper Controller Angela Stephens to retire after coffee/beverage separation
On June 22, 2026, Angela Stephens, Senior Vice President, Controller and Principal Accounting Officer, informed Keurig Dr Pepper of her intention to retire.
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Stephens has served as the Company's Controller for nearly 18 years.
Her retirement will take effect following the completion of the previously announced separation of the Company's coffee and beverage businesses.
She will work with leadership to establish the controller functions for each of the two new independent publicly traded companies.
The separation is intended to support a successful transition of the controller roles.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Keurig Dr Pepper holds 2026 Annual Meeting, elects directors and approves proposals.
Stockholders elected nine directors, each for a one-year term, with all receiving majority support.
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On June 16, 2026, Keurig Dr Pepper Inc. held its Annual Meeting of Stockholders.
The advisory resolution on executive compensation was approved with about 1.249 billion votes for and 50.4 million against.
Stockholders ratified Deloitte & Touche LLP as independent auditor for fiscal year ending December 31, 2026.
The Omnibus Stock Incentive Plan of 2026 was approved, and the Board appointed Brian Driscoll to the Compensation Committee and Pamela Patsley to the Audit and Finance Committee.
5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events
KDP and JDEP Coffee cross-guarantee each other's debt, effective May 21, 2026.
On May 21, 2026, JDEP Coffee B.V. (successor to JDE Peet's N.V.) agreed to fully and unconditionally guarantee, on a joint and several basis with KDP and KDP Guarantors, Maple's obligations under the Maple Notes and Delayed Draw Term Loan Facility.
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JDEP Coffee also guaranteed KDP's obligations under its existing senior notes and revolving credit facility, with guarantees automatically terminating upon the Separation of KDP's coffee and beverage businesses.
On the same date, Maple, KDP, and the KDP Guarantors agreed to fully and unconditionally guarantee JDEP Coffee's obligations under its JDEP EUR Notes (€3.45 billion aggregate principal) and JDEP USD Notes ($1.25 billion aggregate principal).
KDP's and the KDP Guarantors' guarantees of the JDEP Notes also automatically terminate upon the Separation.
The cross-guarantees relate to financing used for KDP's acquisition of JDE Peet's N.V., completed April 1, 2026, and are reported under Item 8.01 as other events.