0000077476-01-500093.txt : 20011008 0000077476-01-500093.hdr.sgml : 20011008 ACCESSION NUMBER: 0000077476-01-500093 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010917 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20010917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEPSICO INC CENTRAL INDEX KEY: 0000077476 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 131584302 STATE OF INCORPORATION: NC FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01183 FILM NUMBER: 1738163 BUSINESS ADDRESS: STREET 1: 700 ANDERSON HILL RD CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142532000 MAIL ADDRESS: STREET 1: 700 ANDERSON HILL ROAD CITY: PURCHASE STATE: NY ZIP: 10577-1444 FORMER COMPANY: FORMER CONFORMED NAME: PEPSI COLA CO DATE OF NAME CHANGE: 19700903 8-K 1 form8k91701.htm CURRENT REPORT OF FORM 8-K DATED 09/17/2001 Current Report on Form 8-K

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

September 17, 2001
____________________________________
Date of Report (Date of earliest event reported)

PepsiCo, Inc.
_______________________________________
(Exact name of registrant as specified in its charter)

North Carolina
__________________________________
(State or other jurisdiction of incorporation)

1-1183
(Commission File Number)		 13-1584302
(IRS Employer Identification No.)


700 Anderson Hill Road, Purchase, New York 10577

_____________________________________
(Address of Principal Executive Offices)

Registrant's telephone number, including area code: (914) 253-2000





Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c)   Exhibits

99.1 Press Release issued by PepsiCo, Inc., dated September 17, 2001.


Item 9. Regulation FD Disclosure.

“Forward-looking statements”, within the meaning Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, are made in this document. These forward-looking statements are based on currently available competitive, financial and economic data and our operating plans.





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: September 17, 2001 PepsiCo, Inc.



By: /S/ W. TIMOTHY HEAVISIDE
W. Timothy Heaviside
Vice President and
Assistant General Counsel






INDEX TO EXHIBITS

Exhibit Number Description

99.1 Press release issued by PepsiCo, Inc., dated September 17, 2001.


 EX-99.1 3 exhibit99-1.htm EXHIBIT 99.1 - PRESS RELEASE Exhibit 99.1

PEPSICO SAYS IT PLANS TO RESUME
SHARE REPURCHASES IMMEDIATELY

Company to spend up to $2 billion on its shares
under terms of emergency order by the SEC;
CEO "very confident" about growth prospects

PURCHASE, N.Y., Sept. 17 - PepsiCo, Inc. said today it will resume share repurchases immediately under the terms of the emergency relief order announced Friday by the Securities and Exchange Commission.

PepsiCo said it has been authorized by its board of directors to buy-back up to $2 billion worth of its common stock during the term of the SEC’s emergency relief.

PepsiCo had rescinded its share repurchase program in December to qualify its planned merger with The Quaker Oats Company for pooling-of-interests accounting treatment. The merger was completed on August 2.

However, the SEC’s emergency order allows companies which had accounted for business combination transactions as a pooling of interests to repurchase shares for five business days following the reopening of U.S. equities markets after Sept. 11, 2001. Therefore, repurchases under the emergency order will not compromise PepsiCo’s ability to account for its acquisition of Quaker as a pooling of interests.

“We are deeply saddened by the tragic events of the last week,” said PepsiCo Chairman and Chief Executive Officer Steve Reinemund. “Nonetheless, we remain very confident in PepsiCo’s growth prospects and the stability of the marketplace. We welcome the opportunity to support that stability by buying back shares in a disciplined fashion.

“While no company is immune to economic turbulence, we continue to believe we can achieve our previously stated goals.”

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