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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 2, 1996 (May 1, 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 Press release dated May 1, 1996 from PepsiCo, Inc.
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 2, 1996 PepsiCo, Inc.
LAWRENCE F. DICKIE
By:-----------------------------
Lawrence F. Dickie
Vice President,
Associate General Counsel
and Assistant Secretary
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INDEX TO EXHIBITS
Exhibit No. Description Page
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20 Press release dated May 1, 1996 from 4
PepsiCo, Inc.
-3-
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EXHIBIT 20
PEPSICO SPLITS STOCK, RAISES DIVIDEND
PURCHASE, NEW YORK (May 1, 1996) -- The Board of Directors of PepsiCo, Inc.
today approved a two-for-one split of PepsiCo's Capital Stock for shareholders
of record at the close of business on May 10, 1996.
The Board also approved a 15% increase in the corporation's quarterly dividend,
raising it from 10 cents to 11.5 cents per share on a post-split basis.
The stock split and dividend increase were announced at PepsiCo's Annual Meeting
of Shareholders.
"This stock split and dividend increase reflect PepsiCo's excellent performance
as well as our Board's tremendous confidence in PepsiCo's growth prospects,"
said Wayne Calloway, PepsiCo Chairman of the Board.
"PepsiCo shareholders are clearly benefiting from the strength of all three of
our businesses, and I'm confident our best years are still to come. The stock
split will make it easier for individual investors to purchase shares," Mr.
Calloway continued.
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The dividend increase marks the 24th consecutive year of increased annual
dividends declared. The increase raises total 1996 dividend payments to 44.5
cents from 39 cents in 1995, on a post-split basis. PepsiCo's dividend is
payable June 28, 1996 to shareholders of record on June 7, 1996. The dividend
represents a payout of slightly over one-third of 1995 ongoing earnings.
The stock split increases the number of authorized shares from 1.8 billion to
3.6 billion. Existing PepsiCo stock certificates will remain valid and
outstanding. Certificates representing the additional shares to which
shareholders of record at the close of business on May 10, 1996 are entitled as
a result of the split will be mailed to them on May 28, 1996. Each share will
have the same voting rights, qualifications, limitations and restrictions as
PepsiCo's current outstanding Capital Stock.
In 1995, shareholders earned a total annual return on PepsiCo stock of 56%,
based on stock price appreciation and reinvested dividends. PepsiCo stock
previously split three-for-one in 1990, 1986 and 1977. The stock split
two-for-one in 1967. A $1,000 investment in PepsiCo stock when the company was
established in 1965 is today worth, with reinvested dividends, over $100,000.
