UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

SCHEDULE 13D/A

(Rule 13d-101)

 


 

(Amendment No.  1)*

 


 

KEURIG DR PEPPER INC.

(Name of Issuer)

 

Common Stock, $0.01 par value

(Title of Class of Securities)

 

49271V100
(CUSIP Number)

 

Ellen M. Smith, Corporate Secretary

Mondelēz International, Inc.

Three Parkway North

Deerfield, IL 60015

Tel. No.: 1 (847) 943-4000

and

Sarah Jones

Clifford Chance US LLP

31 West 52nd Street

New York, NY 10019

Tel. No.: 1 (212) 878-8000

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

March 9, 2020

(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 ¨.

 

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.

 

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


 

CUSIP NO. 49271V100

 

 

1

NAME OF REPORTING PERSON
Mondelēz International, Inc.

 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS 
OO

 

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o

 

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION
VA

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7

SOLE VOTING POWER
0

 

8

SHARED VOTING POWER
184,797,010

 

9

SOLE DISPOSITIVE POWER
0

 

10

SHARED DISPOSITIVE POWER
184,797,010

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
184,797,010

 

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o

 

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.1%

 

 

14

TYPE OF REPORTING PERSON
CO

 

2


 

 

1

NAME OF REPORTING PERSON
Mondelēz International Holdings LLC

 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS 
OO

 

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o

 

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION
DE

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7

SOLE VOTING POWER
0

 

8

SHARED VOTING POWER
184,797,010

 

9

SOLE DISPOSITIVE POWER
0

 

10

SHARED DISPOSITIVE POWER
184,797,010

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
184,797,010

 

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o

 

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.1%

 

 

14

TYPE OF REPORTING PERSON
CO

 

3


 

Item 1.                         Security and Issuer.

 

This Amendment No. 1 to Schedule 13D (“Amendment No. 1”) amends and supplements the statement on Schedule 13D originally filed on July 19, 2018 (the “Original Schedule 13D”) by Mondelēz International, Inc. (“Mondelēz International”) and Mondelēz International Holdings LLC (“MIH,” and together with Mondelēz International, the “Reporting Person”) relating to common stock, $0.01 par value per share (the “Shares”) of Keurig Dr Pepper, Inc. (the “Issuer”).  Except as otherwise specified in this Amendment No. 1, all items in the Original Schedule 13D are unchanged and each capitalized term used but not defined herein shall have the meaning assigned to such term in the Original Schedule 13D.

 

Item 4.                    Purpose of Transaction.

 

The information set forth in Items 5 and 6 of this Amendment No. 1 is incorporated by reference in its entirety into this Item 4.  As described in further detail in Item 6, on March 9, 2020, MIH sold 6,834,171 Shares to the underwriter of the Secondary Offering at a price of $27.00 per Share.

 

Item 5.                   Interest in Securities of the Issuer.

 

(a)-(b) MIH owns 184,797,010 Shares, constituting 13.1% of the outstanding Shares.  Mondelēz International may be deemed, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, to be the beneficial owner of the Shares owned by MIH.  The information provided in response to Items 7-10 of the cover pages of this Amendment No. 1 is incorporated by reference into this Item 5(b).

 

(c) Except for the Secondary Offering, the Reporting Person has not, and to the best knowledge of the Reporting Person, none of the persons named in Schedule B, has effected any transactions in the Shares during the past 60 days.

 

Item 6.                   Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

On March 4, 2020, MIH entered into an underwriting agreement providing for the sale by MIH of 6,834,171 Shares to the underwriter named in the underwriting agreement (the “Secondary Offering”) at a price of $27.00 per Share.  The closing of the sale occurred on March 9, 2020.  MIH has granted the underwriter an option, exercisable for up to 30 days, to purchase up to 1,025,125 additional Shares from MIH at a price of $27.00 per Share.

 

Item 7.                   Material to be Filed as Exhibits.

 

Exhibit A –  Joint Filing Agreement between MIH and Mondelēz International, filed as Schedule A to the Original Schedule 13D.

 

Exhibit B – Underwriting Agreement by and among Keurig Dr Pepper Inc., Maple Holdings B.V., Mondelēz International Holdings LLC and Morgan Stanley & Co. LLC, dated March 4, 2020 (incorporated by reference to Exhibit 1.1 to the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 9, 2020).

 

4


 

SIGNATURES

 

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated:  March 9, 2020

 

Mondelēz International, Inc.

 

 

 

 

 

 

By:

/s/ Ellen M. Smith

 

 

Name:

Ellen M. Smith

 

 

Title:

Senior Vice President and Corporate Secretary

 

 

 

 

 

Mondelēz International Holdings LLC

 

 

 

 

 

 

By:

/s/ Ellen M. Smith

 

 

Name:

Ellen M. Smith

 

 

Title:

Senior Vice President and Corporate Secretary

 

 

5


 

Schedule B

 

Mondelēz International, Inc.

 

Name

 

Position with the Reporting
Person

 

Present Principal Occupation (if different
from the position with the Reporting Person)

 

Citizenship

Lewis W.K. Booth

 

Director

 

 

 

USA/UK

Charles E. Bunch

 

Director

 

 

 

USA

Debra A. Crew

 

Director

 

 

 

USA

Lois D. Juliber

 

Director

 

 

 

USA

Mark D. Ketchum

 

Director

 

 

 

USA

Peter W. May

 

Director

 

President and Founding Partner of Trian Fund Management, L.P.

 

USA

Jorge S. Mesquita

 

Director

 

 

 

USA/Portugal

Joseph Neubauer

 

Director

 

 

 

USA

Fredric G. Reynolds

 

Director

 

 

 

USA

Christiana S. Shi

 

Director

 

 

 

USA

Patrick T. Siewert

 

Director

 

Managing Director of The Carlyle Group

 

Hong Kong

Jean-François M. L. van Boxmeer

 

Director

 

Chairman of the Executive Board and Chief Executive Officer of Heineken N.V.

 

Belgium

Dirk Van de Put

 

Director, Chairman and Chief Executive Officer

 

 

 

USA/Belgium

Luca Zaramella

 

Executive Vice President and Chief Financial Officer

 

 

 

Italy

Paulette R. Alviti

 

Executive Vice President and Chief People Officer

 

 

 

USA

Maurizio Brusadelli

 

Executive Vice President, President AMEA

 

 

 

Italy

Vincenz P. Gruber

 

Executive Vice President and President, Europe

 

 

 

Italy

Robin S. Hargrove

 

Executive Vice President, Research, Development & Quality

 

 

 

UK/Ireland

Sandra MacQuillan

 

Executive Vice President and Chief Supply Chain Officer

 

 

 

UK

Gerhard W. Pleuhs

 

Executive Vice President, Corporate & Legal Affairs and General Counsel

 

 

 

USA/Germany

Gustavo C. Valle

 

Executive Vice President and President, Latin America

 

 

 

Argentina

Henry Glendon Walter IV

 

Executive Vice President, President North America

 

 

 

USA

 

Mondelēz International Holdings LLC

 

Name

 

Position with the
Reporting Person

 

Present Principal Occupation (if different from
the position with the Reporting Person)

 

Citizenship

Jonas Bruzas

 

Manager and President

 

Vice President, Global IP, Marketing, Licensing & Operations

 

Republic of Lithuania

Philip D. Gregorcy

 

Manage and Vice President

 

Vice President Tax, Global Finance Corporate Tax

 

USA

Ellen M. Smith

 

Manager and Senior Vice President and Corporate Secretary

 

Senior Vice President and Chief Counsel, Chief Compliance Officer and Corporate Secretary

 

USA

 

6