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
May 13, 1996 (May 13, 1996)
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Date of Report (Date of earliest event reported)
PepsiCo, Inc.
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(Exact name of registrant as specified in its charter)
North Carolina
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(State or other jurisdiction of incorporation)
1-1183 13-1584302
(Commission File Number) (IRS Employer Identification No.)
700 Anderson Hill Road, Purchase, New York 10577
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (914) 253-2000
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Item 5. Other Events.
The information contained in Exhibit 20 hereto is incorporated herein
by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
20 Information regarding final tax regulation (Q&A 12)
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.
Date: May 13, 1996 PepsiCo, Inc.
By: /s/ LAWRENCE F. DICKIE
Lawrence F. Dickie
Vice President,
Associate General Counsel
and Assistant Secretary
EXHIBIT 20
On May 9, 1996, the U.S. Treasury Department promulgated a final regulation
which significantly revised its earlier proposed change in the tax regulation
known as Q&A 12. As described in PepsiCo's 1995 annual report, the original
proposal, if enacted, was expected to significantly reduce the tax incentives
associated with our beverage concentrate operations in Puerto Rico and,
therefore, have a significant negative impact on PepsiCo's effective tax rate in
1996, as well as in future years. The final regulation, which is effective for
PepsiCo retroactive to December 1, 1994, will not significantly impact PepsiCo.
