UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)

 

KEURIG GREEN MOUNTAIN, INC.

(Name of Issuer)

 

Common Stock, par value $0.10 per share

(Title of Class of Securities)

 

49271M100

(CUSIP Number)

 

Bernhard Goepelt

Senior Vice President, General Counsel and Chief Legal Counsel

The Coca-Cola Company

One Coca-Cola Plaza

Atlanta, Georgia 30313

(404) 676-2121

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications on behalf of filing persons)

 

Copy to:

Martha E. McGarry, Esq.

Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, New York 10036

(212) 735-3000

May 8, 2014

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 



 

CUSIP No.  49271M100

 

 

1.

Name of Reporting Persons
The Coca-Cola Company

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7.

Sole Voting Power
0

 

8.

Shared Voting Power
19,489,730

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
19,489,730

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
26,037,771

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares  o

 

 

13.

Percent of Class Represented by Amount in Row (11)
16.0%

 

 

14.

Type of Reporting Person
CO

 

2



 

CUSIP No.  49271M100

 

 

1.

Name of Reporting Persons
Atlantic Industries

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Cayman Islands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7.

Sole Voting Power
0

 

8.

Shared Voting Power
19,489,730

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
19,489,730

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
26,037,771

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares  o

 

 

13.

Percent of Class Represented by Amount in Row (11)
16.0%

 

 

14.

Type of Reporting Person
CO

 

3



 

Preamble

 

This Amendment No. 1 (this “Amendment No. 1”) amends and supplements the Schedule 13D filed by Atlantic Industries, a corporation organized and existing under the laws of the Cayman Islands (“Atlantic”) and indirect wholly owned subsidiary of The Coca-Cola Company (“TCCC”, and together with Atlantic, the “Reporting Persons”), with the Securities and Exchange Commission on March 10, 2014 (the “Statement”), relating to shares of common stock, $0.10 par value per share (“Common Stock”), of Keurig Green Mountain, Inc. (the “Issuer”). This Amendment No. 1 is being filed jointly by the Reporting Persons. Unless otherwise indicated herein, capitalized terms used herein but not defined herein have the meanings ascribed to them in the Statement.

 

Item 2.

Identity and Background.

 

Schedule A of the Statement is hereby amended and restated to read in its entirety in the form attached as Schedule A hereto.

 

Item 3.

Source and Amount of Funds or Other Considerations.

 

Item 3 of the Statement is hereby amended and supplemented to add the following:

 

Between May 8, 2014 and May 12, 2014, Atlantic purchased an aggregate of 2,805,591 shares of Common Stock in the open market as set forth in Exhibit 99.4 attached hereto.  All such purchases of shares of Common Stock by Atlantic were made, and the purchase contemplated to be made by Atlantic pursuant to the Agreement (as defined below) is expected to be made, using Atlantic’s cash on hand.

 

Item 4.

Purpose of Transaction.

 

Item 4 of the Statement is hereby amended and supplemented to add the following:

 

On May 12, 2014, Atlantic entered into a letter agreement (the “Agreement”) with Credit Suisse Capital LLC (“CS”), pursuant to which Atlantic has agreed to purchase additional shares of Common Stock from CS, as described in further detail in Item 6 below.  The Agreement is intended to comply with the requirements of Rule 10b5-1(c)(1) under the Securities Exchange Act of 1934, as amended.

 

Item 5.

Interest in Securities of the Issuer.

 

Item 5 of the Statement is hereby amended and supplemented to add the following:

 

(a)–(b)  As of the date hereof, the Reporting Persons may be deemed to beneficially own an aggregate of 26,037,771 shares of Common Stock, which amount includes 19,489,730 shares of Common Stock held by Atlantic and which amount further assumes that Atlantic has the right to acquire up to 6,548,041 shares of Common Stock pursuant to the Agreement (subject to final determination as set forth in item 6 below), notwithstanding that any such right is subject to the terms and conditions of the Agreement, including without limitation CS’s power to determine the date on which Atlantic’s purchase of such shares will occur.  As the ultimate parent company and controlling shareholder of Atlantic, TCCC may be deemed to share with Atlantic voting power and dispositive power with respect to the 19,489,730 shares of Common Stock held by Atlantic.  The Reporting Persons do not have voting or dispositive power with respect to the shares of Common Stock that Atlantic has agreed to purchase pursuant to the Agreement.  The aggregate number of shares of Common Stock that may be deemed to be beneficially owned by the Reporting Persons represents approximately 16.0% of the currently outstanding Common Stock of the Issuer (based on the 162,736,073 shares of Common Stock that were issued and outstanding as of May 1, 2014, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 7, 2014).

 

(c)  All transactions in the Common Stock by the Reporting Persons that were effected since the filing of the Statement are set forth in Exhibit 99.4 attached hereto. All transactions set forth in Exhibit 99.4 attached hereto were purchases effected in open market transactions.  The Reporting Persons expect to file an amendment to the Statement once the shares of Common Stock are delivered to the Reporting Persons under the Agreement.

 

4



 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

Item 6 of the Statement is hereby amended and supplemented to add the following:

 

Pursuant to the Agreement, Atlantic has agreed to purchase from CS, and CS has agreed to sell and deliver to Atlantic, the lesser of (i) 6,548,041 shares of Common Stock or (ii) the number of shares of Common Stock that shall cause Atlantic’s aggregate beneficial ownership to equal 16.0% of the issued and outstanding shares of Common Stock, as reported in the most recent report filed by the Issuer with the Securities and Exchange Commission containing such information as of the date of delivery (rounded down to the nearest whole number of shares).  The purchase by Atlantic shall occur on a date selected by Credit Suisse, which shall be no later than February 13, 2015.  The purchase price per share purchased under the Agreement will be equal to the product of (i) the arithmetic average of the daily volume-weighted average price per share of Common Stock on each day trading during the period from May 15, 2014 to the date selected by Credit Suisse, as reported by Bloomberg LP, and (ii) 1 plus the Forward Price Adjustment Factor (as defined in the Agreement).  The Purchase Price will be adjusted in certain circumstances specified in the Agreement.  CS, in its sole discretion, will determine the timing, price and method of execution to acquire the shares to be delivered to Atlantic pursuant to the Agreement, and will have exclusive ownership and control over any such shares until delivered to Atlantic.  The foregoing description of the Agreement is qualified in its entirety by reference to the Agreement filed as Exhibit 99.5 hereto, which is incorporated herein by reference.

 

Item 7.

Material to be Filed as Exhibits.

 

Item 7 of the Statement is hereby amended and supplemented to add the following:

 

The following documents are filed or incorporated by reference as exhibits to this Statement:

 

Exhibit Number

 

Description of Exhibit

 

 

 

Exhibit 99.4

 

Transactions by the Reporting Persons Since the Filing of the Statement.

 

 

 

Exhibit 99.5

 

Agreement, dated May 12, 2014, between Atlantic and CS.

 

5



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

 

THE COCA-COLA COMPANY

 

 

 

 

Dated: May 12, 2014

By:

/s/ Kathy N. Waller

 

 

Name:

Kathy N. Waller

 

 

Title:

Executive Vice President and Chief Financial Officer

 

 

 

 

 

ATLANTIC INDUSTRIES

 

 

 

 

Dated: May 12, 2014

By:

/s/ Kathy N. Waller

 

 

Name:

Kathy N. Waller

 

 

Title:

President and Chief Financial Officer

 

6



 

SCHEDULE A

 

DIRECTORS AND EXECUTIVE OFFICERS OF THE COCA-COLA COMPANY AND ATLANTIC INDUSTRIES

 

Set forth below is the name, business address and present occupation or employment of each director and executive officer of The Coca-Cola Company (“TCCC”) and Atlantic Industries (“Atlantic”). Except as indicated below, each such person is a citizen of the United States. None of the directors or executive officers named below beneficially owns any Common Stock of Green Mountain Coffee Roasters, Inc. Directors of TCCC and Atlantic who are also executive officers of TCCC or Atlantic are indicated by an asterisk. Except as indicated below, the business address of each executive officer of TCCC or Atlantic is One Coca-Cola Plaza, Atlanta, Georgia 30313.

 

DIRECTORS OF THE COCA-COLA COMPANY

 

NAME

 

PRINCIPAL OCCUPATION
OR EMPLOYMENT

 

ADDRESS

Muhtar Kent*

 

Chairman of the Board of Directors, President and Chief Executive Officer of The Coca-Cola Company

 

 

Herbert A. Allen

 

President, Chief Executive Officer and a Director of Allen & Company Incorporated, a privately held investment firm

 

Allen & Company

  Incorporated

711 Fifth Avenue

New York, NY 10022

Ronald W. Allen

 

Chairman of the Board of Directors, President and Chief Executive Officer of Aaron’s, Inc.

 

Aaron’s, Inc.

309 East Paces Ferry Road

Suite 1100

Atlanta, GA 30305

Ana Patricia Botín

 

Chief Executive Officer of Santander UK plc, a leading financial services provider in the United Kingdom and subsidiary of Banco Santander S.A.

Ms. Botín is a citizen of Spain.

 

Santander UK plc

2 Triton Square

Regent’s Place

London NW1 3AN

United Kingdom

Howard G. Buffett

 

President of Buffett Farms and President of the Howard G. Buffett Foundation, a private foundation supporting humanitarian initiatives focused on food and water security, conservation and conflict management

 

Howard G. Buffett Foundation

145 North Merchant Street

Decatur, IL 62523

Richard M. Daley

 

Executive Chairman of Tur Partners LLC, an investment and advisory firm focused on sustainable solutions within the urban environment

 

Tur Partners LLC

900 N. Michigan Avenue

Suite 1720

Chicago, IL 60611

Barry Diller

 

Chairman of the Board of Directors and Senior Executive of IAC/InterActiveCorp, a leading media and internet company

 

IAC/InterActiveCorp

555 West 18th Street

New York, New York 10011

 



 

Helene D. Gayle

 

Chairman and Chief Executive Officer of ACE Limited, the parent company of the ACE Group of Companies, a global insurance and reinsurance company

 

CARE USA

151 Ellis Street, NE

Atlanta, GA 30303

Evan G. Greenberg

 

Chairman and Chief Executive Officer of ACE Limited, the parent company of the ACE Group of Companies, a global insurance and reinsurance company

 

ACE Group

1133 Avenue of the Americas

45th Floor

New York, NY 10036

Alexis M. Herman

 

Chair and Chief Executive Officer of New Ventures, LLC, a corporate consulting company

 

New Ventures, Inc.

633 Pennsylvania Avenue NW

3rd Floor Washington, D.C. 20004

Robert A. Kotick

 

President, Chief Executive Officer and a Director of Activision Blizzard, Inc. an interactive entertainment software company

 

Activision Blizzard, Inc.

3100 Ocean Park Boulevard

Santa Monica, CA 90405

Maria Elena Lagomasino

 

Chief Executive Officer and Managing Partners of WE Family Offices, a multi-family office serving global high net worth families

 

WE Family Offices

701 Brickell Avenue

Suite 200

Miami, FL 33131

Sam Nunn

 

Co-Chairman and Chief Executive Officer of the Nuclear Threat Initiative, a nonprofit organization working to reduce the global threats from nuclear, biological and chemical warfare

 

The Sam Nunn School of International Affairs

Georgia Institute of Technology

781 Marietta Street, NW

Atlanta, Georgia 30318

James D. Robinson III

 

Co-Founder and General Partner of RRE Ventures, an early stage technology-focused venture capital firm; President of JD Robinson, Inc, a strategic advisory firm

 

RRE Investors, LLC

22nd Floor

126 East 56th Street

New York, NY 10022

Peter V. Ueberroth

 

Investor and Chairman of the Contrarian Group, Inc., a business management company

 

The Contrarian Group, Inc.

Suite 111

1071 Camelback Street

Newport Beach, CA 92660

 



 

EXECUTIVE OFFICERS OF THE COCA-COLA COMPANY

 

NAME

 

PRINCIPAL OCCUPATION
OR EMPLOYMENT

 

ADDRESS

Muhtar Kent

 

Chairman of the Board of Directors, President and Chief Executive Officer of The Coca-Cola Company

 

 

Ahmet C. Bozer

 

Executive Vice President of The Coca-Cola Company and President of Coca-Cola International

 

 

Alexander B. Cummings, Jr.

 

Executive Vice President and Chief Administrative Officer of The Coca-Cola Company

 

 

J. Alexander M. Douglas, Jr.

 

Senior Vice President and Global Chief Customer Officer of The Coca-Cola Company and President of Coca-Cola North America

 

 

Ceree Eberly

 

Senior Vice President and Chief People Officer of The Coca-Cola Company

 

 

Irial Finan

 

Executive Vice President of The Coca-Cola Company and President, Bottling Investments and Supply Chain

Mr. Finan is a citizen of Ireland.

 

 

Bernhard Goepelt

 

Senior Vice President, General Counsel and Chief Legal Counsel of The Coca-Cola Company

Mr. Goepelt is a citizen of Germany.

 

 

Nathan Kalumbu

 

President of the Eurasia and Africa Group of The Coca-Cola Company

Mr. Kalumbu is a citizen of Zimbabwe.

 

 

James Quincey

 

President of the Europe Group of The Coca-Cola Company

Mr. Quincey is a citizen of the United Kingdom.

 

 

Atul Singh

 

Group President, Asia, Part of the Asia Pacific Group of The Coca-Cola Company

 

 

Brian Smith

 

President of the Latin America Group of The Coca-Cola Company

 

 

Joseph V. Tripodi

 

Executive Vice President and Chief Marketing and Commercial Officer of The Coca-Cola Company

 

 

Clyde C. Tuggle

 

Senior Vice President and Chief Public Affairs and Communications Officer of The Coca-Cola Company

 

 

Kathy N. Waller

 

Executive Vice President and Chief Financial Officer of The Coca-Cola Company

 

 

Guy Wollaert

 

Senior Vice President and Chief Technical Officer of The Coca-Cola Company

Mr. Wollaert is a citizen of Belgium.

 

 

 



 

DIRECTORS OF ATLANTIC INDUSTRIES

 

NAME

 

PRINCIPAL OCCUPATION
OR EMPLOYMENT

 

ADDRESS

Robert J. Jordan, Jr.*

 

Vice President and General Tax Counsel of Atlantic Industries

 

 

Christopher P. Nolan*

 

Vice President and Treasurer of The Coca-Cola Company and Vice President and Treasurer of Atlantic Industries

 

 

Marie D. Quintero-Johnson

 

Vice President of The Coca-Cola Company

 

 

Larry M. Mark*

 

Vice President and Controller of The Coca-Cola Company and Vice President and Controller of Atlantic Industries

 

 

 

EXECUTIVE OFFICERS OF ATLANTIC INDUSTRIES

 

NAME

 

PRINCIPAL OCCUPATION
OR EMPLOYMENT

 

ADDRESS

Bernhard Goepelt

 

Senior Vice President, General Counsel and Chief Legal Counsel of The Coca-Cola Company and Vice President and General Counsel of Atlantic Industries

 

 

Robert J. Jordan, Jr.

 

Vice President and General Tax Counsel of Atlantic Industries

 

 

Larry M. Mark

 

Vice President and Controller of The Coca-Cola Company and Vice President and Controller of Atlantic Industries

 

 

Christopher P. Nolan

 

Vice President and Treasurer of The Coca-Cola Company and Vice President and Treasurer of Atlantic Industries

 

 

Kathy N. Waller

 

Executive Vice President and Chief Financial Officer of The Coca-Cola Company and President and Chief Financial Officer of Atlantic Industries