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DPS > SEC Filings for DPS > Form 8-K on 17-Nov-2011All Recent SEC Filings

Show all filings for DR PEPPER SNAPPLE GROUP, INC.

Form 8-K for DR PEPPER SNAPPLE GROUP, INC.


17-Nov-2011

Change in Directors or Principal Officers, Other Events, Financial


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d)

On November 17, 2011, Dr Pepper Snapple Group, Inc. (the "Company") issued a press release announcing that David E. Alexander has joined the Company's Board of Directors effective today. Mr. Alexander was designated as a Class I director and will stand for re-election at the annual stockholder's meeting occurring on May 17, 2012.

Mr. Alexander, 58, retired earlier this year from Ernst & Young LLP, where he held various positions of increasing responsibility over a 36-year career. Most recently, he was vice chairman and Southwest Region managing partner, as well as a member of the firm's Americas and U.S. Executive Boards and Global Management Group. Mr. Alexander currently serves as a national trustee on the board of Boys & Girls Clubs of America. In addition, he is a board member of the American Heart Association and serves on the executive leadership team for the organization's Côtes du Coeur fund-raising event, which he will chair in 2012-2013. He is also a member of the executive board of Southern Methodist University's Cox Business School and has served as a member of the Greater Dallas Chamber Executive Committee.

As a non-management member of the Company's Board of Directors, in remuneration for his services, Mr. Alexander will receive an annual retainer of $100,000 and an award for restricted stock units equal to $100,000. Mr. Alexander will receive a pro-rated retainer of $25,000 and a pro-rated award for restricted stock units equal to $25,000 in remuneration for his services in 2011.

There are no arrangements or understandings known to the Company between Mr. Alexander and any other person pursuant to which he was elected as a director. There are no transactions in which Mr. Alexander has an interest requiring disclosure under Item 404(a)of Regulation S-K of the Securities Act of 1933, as amended.

A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.



Item 8.01 Other Events.

On November 17, 2011, the Company issued a press release announcing that its Board of Directors (i) declared a dividend of $0.32 per share on the common stock of the Company, payable in U.S. dollars on January 6, 2012, to the stockholders of record at the close of business on December 19, 2011 and
(ii)authorized the repurchase of an additional $1 billion of the Company's common stock.

A copy of the press release is attached hereto as Exhibit 99.2 and incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 --Dr Pepper Snapple Group, Inc. Press Release dated November 17, 2011--"Dr Pepper Snapple Group Adds David Alexander to Board of Directors".

99.2 -- Dr Pepper Snapple Group, Inc. Press Release dated November 17, 2011--"Dr Pepper Snapple Group Declares Quarterly Dividend and Authorizes Additional $1 Billion Share Repurchase Program".


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