Coca-Cola Consolidated Management

Management criteria checks 2/4

Coca-Cola Consolidated's CEO is J. Harrison, appointed in May 1994, has a tenure of 29.92 years. total yearly compensation is $19.78M, comprised of 6.7% salary and 93.3% bonuses, including company stock and options. directly owns 10.72% of the company’s shares, worth €772.19M. The average tenure of the management team and the board of directors is 5.3 years and 13.3 years respectively.

Key information

J. Harrison

Chief executive officer

US$19.8m

Total compensation

CEO salary percentage	6.7%
CEO tenure	29.9yrs
CEO ownership	10.7%
Management average tenure	5.3yrs
Board average tenure	13.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has J. Harrison's remuneration changed compared to Coca-Cola Consolidated's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$20m	US$1m	US$408m
Sep 29 2023	n/a	n/a	US$451m
Jun 30 2023	n/a	n/a	US$478m
Mar 31 2023	n/a	n/a	US$455m
Dec 31 2022	US$15m	US$1m	US$430m
Sep 30 2022	n/a	n/a	US$331m
Jul 01 2022	n/a	n/a	US$281m
Apr 01 2022	n/a	n/a	US$230m
Dec 31 2021	US$14m	US$1m	US$190m
Oct 01 2021	n/a	n/a	US$237m
Jul 02 2021	n/a	n/a	US$220m
Apr 02 2021	n/a	n/a	US$211m
Dec 31 2020	US$12m	US$1m	US$172m
Sep 27 2020	n/a	n/a	US$96m
Jun 28 2020	n/a	n/a	US$57m
Mar 29 2020	n/a	n/a	US$33m
Dec 29 2019	US$12m	US$1m	US$11m
Sep 29 2019	n/a	n/a	-US$5m
Jun 30 2019	n/a	n/a	US$7m
Mar 31 2019	n/a	n/a	-US$13m
Dec 30 2018	US$12m	US$1m	-US$20m
Sep 30 2018	n/a	n/a	US$85m
Jul 01 2018	n/a	n/a	US$77m
Apr 01 2018	n/a	n/a	US$87m
Dec 31 2017	US$11m	US$1m	US$97m

Compensation vs Market: J.'s total compensation ($USD19.78M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: J.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

J. Harrison (68 yo)

29.9yrs

Tenure

US$19,781,000

Compensation

Mr. J. Frank Harrison, III, has been the Chief Executive Officer Coca-Cola Consolidated, Inc. (formerly known as Coca-Cola Bottling Co. Consolidated) since May 1994. Mr. Harrison was first employed by Coca...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
J. Harrison	Chairman & CEO	29.9yrs	US$19.78m	10.72% $ 772.2m
David Katz	President	5.3yrs	US$6.75m	no data
Fredrick Anthony	Executive VP & CFO	5.3yrs	US$2.69m	no data
E. Fisher	Executive VP	7.2yrs	US$2.98m	no data
Robert Chambless	Executive Vice President of Franchise Beverage Operations	6.3yrs	US$3.64m	no data
Umesh Kasbekar	Consultant & Non-Executive Vice Chairman	8.3yrs	US$450.00k	no data
Matthew Blickley	Senior VP of Financial Planning & Chief Accounting Officer	3.7yrs	no data	no data
Nathaniel Tollison	Senior Vice President of Public Affairs	less than a year	no data	no data
Christine Motherwell	Senior Vice President of Human Resources	2.3yrs	no data	no data
Donell Etheridge	Executive Vice President of Product Supply Operations	7.6yrs	no data	no data
Norman George	President of BYB Brands Inc	17.8yrs	US$1.88m	no data

5.3yrs

Average Tenure

54yo

Average Age

Experienced Management: CC5's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
J. Harrison	Chairman & CEO	38.3yrs	US$19.78m	10.72% $ 772.2m
David Katz	President	5.3yrs	US$6.75m	no data
Umesh Kasbekar	Consultant & Non-Executive Vice Chairman	8.3yrs	US$450.00k	no data
James Helvey	Independent Director	8.3yrs	US$194.80k	no data
James Morgan	Independent Director	16.2yrs	US$212.70k	no data
Sharon Decker	Independent Director	22.9yrs	US$199.60k	no data
Dennis Wicker	Lead Independent Director	22.9yrs	US$221.20k	no data
Richard Williams	Independent Director	6.7yrs	US$193.20k	no data
Jason Hickey	Independent Director	no data	no data	no data
William Jones	Independent Director	13.3yrs	US$196.40k	0.0011% $ 77.1k
Morgan Everett	Vice Chairman of the Board	13.3yrs	no data	no data
Elaine Moyese Coventry	Director	1.3yrs	no data	no data

13.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: CC5's board of directors are seasoned and experienced ( 13.3 years average tenure).

Coca-Cola Consolidated Management

Management criteria checks 2/4

Key information

Recent management updates

Coca-Cola Consolidated, Inc., Annual General Meeting, May 14, 2024

Insufficient new directors

Insufficient new directors

Recent updates

Fourth quarter dividend of US$0.50 announced

Coca-Cola Consolidated, Inc. to Report Q1, 2024 Results on May 06, 2024

Fourth quarter dividend of US$0.50 announced

Coca-Cola Consolidated, Inc. Announces Second Quarter Dividend, Payable on May 10, 2024

Coca-Cola Consolidated, Inc., Annual General Meeting, May 14, 2024

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$43.57 (vs US$45.89 in FY 2022)

Coca-Cola Consolidated, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Upcoming dividend of US$16.50 per share at 0.2% yield

Coca-Cola Consolidated, Inc. Declares Special Cash Dividend, Payable on February 9, 2024

New minor risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$9.83 (vs US$12.67 in 3Q 2022)

Coca-Cola Consolidated, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Second quarter 2023 earnings released: EPS: US$13.05 (vs US$10.62 in 2Q 2022)

Now 20% undervalued

Coca-Cola Consolidated, Inc. to Report First Half, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.50 per share at 0.3% yield

Now 21% undervalued

First quarter 2023 earnings released: EPS: US$12.60 (vs US$9.96 in 1Q 2022)

Now 20% undervalued

Full year 2022 earnings released: EPS: US$45.89 (vs US$20.23 in FY 2021)

Coca-Cola Consolidated, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Upcoming dividend of US$3.50 per share

Coca-Cola Consolidated, Inc. Declares A Special Cash Dividend, Payable on February 10, 2023

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$12.67 (vs US$7.35 in 3Q 2021)

Coca-Cola Consolidated, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Coca-Cola Consolidated, Inc. Announces Fourth Quarter Dividend of 2022 on Shares of the Company's Common Stock and Class B Common Stock, Payable on November 10, 2022

Now 21% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: US$10.62 (vs US$5.14 in 2Q 2021)

Coca-Cola Consolidated, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Coca-Cola Consolidated, Inc. Declares Dividend for the Third Quarter of 2022 on Shares of the Company's Common Stock and Class B Common Stock, Payable on August 12, 2022

Investor sentiment improved over the past week

Coca-Cola Consolidated, Inc. (NasdaqGS:COKE) acquired Charlotte, N.C. Production Facility for $60 million.

First quarter 2022 earnings released: EPS: US$9.96 (vs US$5.69 in 1Q 2021)

Insufficient new directors

Coca-Cola Consolidated, Inc. to Report Q1, 2022 Results on May 03, 2022

Coca-Cola Consolidated, Inc. Declares Dividend for the Second Quarter of 2022 on Shares of the Company's Common Stock and Class B Common Stock, Payable on May 12, 2022

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Coca-Cola Consolidated, Inc. to Report Q4, 2021 Results on Feb 22, 2022

Investor sentiment improved over the past week

Third quarter 2021 earnings released

Upcoming dividend of US$0.25 per share

Second quarter 2021 earnings released: EPS US$5.14 (vs US$4.22 in 2Q 2020)

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS US$5.69 (vs US$1.55 in 1Q 2020)

New 90-day high: €236

Full year 2020 earnings released: EPS US$18.40 (vs US$1.21 in FY 2019)

Coca-Cola Consolidated, Inc. to Report Q4, 2020 Results on Feb 26, 2021

New 90-day high: €230

Third quarter 2020 earnings released: EPS US$5.54

New 90-day low: €192

New 90-day high - €236

Monster Beverage Corporation (NasdaqGS:MNST) completed the acquisition of plant in Athy from Coca-Cola Consolidated, Inc. (NasdaqGS:COKE).

New 90-day low - €192

Coca-Cola Consolidated, Inc. to Report Q2, 2020 Results on Aug 04, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age