UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
SCHEDULE 13D/A [Rule 13d-101] |
Under the Securities Exchange Act of 1934 |
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2(a) |
Embotelladora Andina S.A. |
(Name of Issuer) |
Common Stock, No Par Value |
(Title of Class of Securities) |
None * |
(CUSIP Number) |
* CUSIP number for American Depositary Shares representing |
Series A Common Stock is |
29081P 20 4 |
CUSIP number for American Depositary Shares representing |
Series B Common Stock is |
29081P 30 3 |
Gary P. Fayard |
Executive Vice President and Chief Financial Officer |
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) |
With a copy to: |
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 |
March 30, 2012 |
(Date of Event which Requires Filing of this Statement) |
1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | ||
THE COCA-COLA COMPANY 58-0628465 | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) [ X ] | |
(b) [ ] | |||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS* | ||
N/A | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||
N/A | |||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
State of Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | |
8 | SHARED VOTING POWER None | ||
9 | SOLE DISPOSITIVE POWER 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | ||
10 | SHARED DISPOSITIVE POWER None | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | [ ] | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.0% of the shares of Series A Common Stock, no par value, outstanding; 11.0% of the shares of Series B Common Stock, no par value, outstanding (See Attachment B) | ||
14 | TYPE OF REPORTING PERSON* CO |
1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | ||
COCA-COLA INTERAMERICAN CORPORATION 13-1940209 | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) [ ] | |
(b) [ ] | |||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS* | ||
N/A | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||
N/A | |||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
State of Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER None (See Attachment A) | |
8 | SHARED VOTING POWER None | ||
9 | SOLE DISPOSITIVE POWER None (See Attachment A) | ||
10 | SHARED DISPOSITIVE POWER None | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None (See Attachment A) | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | [ ] | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) N/A | ||
14 | TYPE OF REPORTING PERSON* CO |
1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | ||
THE COCA-COLA EXPORT CORPORATION 13-1525101 | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) [ X ] | |
(b) [ ] | |||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS* | ||
N/A | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||
N/A | |||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
State of Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | |
8 | SHARED VOTING POWER None | ||
9 | SOLE DISPOSITIVE POWER 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | ||
10 | SHARED DISPOSITIVE POWER None | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | [ ] | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.0% of the shares of Series A Common Stock, no par value, outstanding; 11.0% of the shares of Series B Common Stock, no par value, outstanding (See Attachment B) | ||
14 | TYPE OF REPORTING PERSON* CO |
1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | ||
SERVICIOS Y PRODUCTOS PARA BEBIDAS REFRESCANTES S.R.L. (TIN - N/A) | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) [ X ] | |
(b) [ ] | |||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS* | ||
N/A | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||
N/A | |||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
Republic of Argentina | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | |
8 | SHARED VOTING POWER None | ||
9 | SOLE DISPOSITIVE POWER 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | ||
10 | SHARED DISPOSITIVE POWER None | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | [ ] | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.0% of the shares of Series A Common Stock, no par value, outstanding; 11.0% of the shares of Series B Common Stock, no par value, outstanding (See Attachment B) | ||
14 | TYPE OF REPORTING PERSON* OO (limited liability company) |
1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | ||
COCA-COLA DE CHILE S.A. (TIN - N/A) | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) [ X ] | |
(b) [ ] | |||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS* | ||
N/A | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||
N/A | |||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
Republic of Chile | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | |
8 | SHARED VOTING POWER None | ||
9 | SOLE DISPOSITIVE POWER 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | ||
10 | SHARED DISPOSITIVE POWER None | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 41,962,864 shares of Series A Common Stock, no par value, and 41,962,864 shares of Series B Common Stock, no par value (See Attachment A) | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | [ ] | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.0% of the shares of Series A Common Stock, no par value, outstanding; 11.0% of the shares of Series B Stock, no par value, outstanding (See Attachment B) | ||
14 | TYPE OF REPORTING PERSON* CO |
• | Board Representation. The board of directors of Andina will be comprised of not more than 14 members. The KO Shareholders will be entitled to nominate at least 2 members. Freire and Aromos will vote such number of shares owned, directly or indirectly, by them as may be necessary (after taking into account the shares voted by the KO Shareholders) to cause the election of such KO Shareholders nominees. |
• | Special Voting Matters. Subject to applicable Chilean law, the following matters will require the favorable vote of (i) at least one of the directors nominated by the KO Shareholders at the relevant board of directors meeting; and/or (ii) all the shares held by the KO Shareholders at the relevant shareholders meeting: |
a. | Any amendment to the articles of association or by-laws of Andina or any Subsidiary (as defined below) thereof. |
b. | Any sale or disposal of substantially all the assets of Andina or any Subsidiaries thereof. |
c. | Any amendment to the "Business Conduct Code" ("Código de Conducta de Negocios"). |
d. | The approval by Andina or any of its Subsidiaries of the Annual Business Plan or any material amendment to the Annual Business Plan, including the annual budget for investments, financing (including profit distribution as part of the annual financing structure), research and development, or operations. |
e. | In respect of Andina, any resolution about the payment of dividends (either on an interim or definitive basis) of Andina (on a consolidated basis) or of any other kind of distribution to the shareholders which has a similar economic effect, for an amount in excess of 66% percent of the net profit of the current fiscal year (in case of interim dividends) or of the preceding fiscal year (in case of definitive dividends), without duplication. |
f. | In respect of Andina or any of its Subsidiaries, (i) any acquisition or transfer of any interest in another entity or business enterprise; (ii) the formation of or participation in any company, joint venture or other similar entity; or (iii) the purchase or any acquisition of any assets for an amount equal to or in excess of the equivalent to US$50,000,000.-, whether in a single or series of transactions in a 12 consecutive months period. |
g. | Any sale, lease, exchange, transfer, mortgage, pledge or any other disposal of fixed assets of Andina or any of its Subsidiaries, with a market value in excess of the equivalent to US$50,000,000.-, whether in a single or in a series of transactions in a 12 consecutive months period. |
h. | (i) Any merger, share exchange, consolidation, corporate reorganization, transformation, formation and incorporation of Subsidiaries and/or affiliates (coligadas) or any other similar transaction involving Andina or any of its Subsidiaries; (ii) the dissolution or liquidation of Andina or any of its Subsidiaries; or (iii) filing by Andina or any of its Subsidiaries for voluntary bankruptcy or of any proposal for a creditors agreement, or the insolvency of Andina or any of its Subsidiaries, unless filing for their own bankruptcy is legally mandatory. |
i. | The acquisition or initiation of any new business or the interruption or reduction of a significant part of the business of Andina or any of its Subsidiaries, including the interruption or significant reduction of a business or production line. |
j. | (i) Capital expenditures and investments (e.g. leasing with purchase option, construction of a warehouse or storage, expansion of production capacity, engineering or architectural work for a plant, development of IT systems, etc.) by Andina or any of its Subsidiaries in excess of the equivalent to US |
k. | At any shareholder's meeting of Andina or any of its Subsidiaries, the granting of any loan to any Majority Shareholder or a Related Party thereto. "Related Party" will have the meaning set forth in article 100 of Law 18,045, Securities Market Law. |
(i) | the possible acquisition of additional securities of Andina, or the disposition of securities of Andina; |
(ii) | possible extraordinary corporate transactions (such as a merger, consolidation or reorganization) involving Andina or any of its subsidiaries, including with other bottling companies in which one or more of the Reporting Persons may have a direct or indirect equity interest; or |
(iii) | the possible acquisition by Andina or its subsidiaries of assets or interests in one or more bottling companies, including other bottling companies in which one or more of the Reporting Persons may have a direct or indirect equity interest, or the possible sale of assets or bottling operations by Andina or its subsidiaries. |
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO | SECURITIES OF THE ISSUER |
EXHIBIT NO. | DESCRIPTION |
Exhibit 99.1 | Directors and Executive Officers of the Reporting Persons |
Exhibit 99.2 | Letter of Understanding dated March 30, 2012 |
Exhibit 99.3 | Joint Filing Agreement |
Date: April 3, 2012 | THE COCA‑COLA COMPANY By: /s/ Christopher P. Nolan Christopher P. Nolan Vice President and Treasurer |
Date: April 3, 2012 | COCA‑COLA COMPANY INTERAMERICAN CORPORATION By: /s/ Christopher P. Nolan Christopher P. Nolan Vice President and Treasurer |
Date: April 3, 2012 | THE COCA‑COLA EXPORT CORPORATION By: /s/ Christopher P. Nolan Christopher P. Nolan Vice President and Treasurer |
Date: April 3, 2012 | COCA‑COLA DE CHILE S.A. By: /s/ Sylvia Chamorro and /s/ Alejandro del Basto Sylvia Chamorro and Alejandro del Basto Attorneys |
Date: April 3, 2012 | SERVICIOS y PRODUCTOS PARA BEBIDAS REFRESCANTES S.R.L. By: /s/ Alejandro del Basto Alejandro del Basto Attorney |
EXHIBIT NO. | DESCRIPTION |
Exhibit 99.1 | Directors and Executive Officers of the Reporting Persons |
Exhibit 99.2 | Letter of Understanding dated March 30, 2012 |
Exhibit 99.3 | Joint Filing Agreement |