SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
DECEMBER 6, 1999
COCA-COLA BOTTLING CO. CONSOLIDATED
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(Exact name of registrant as specified in its charter)
Delaware 0-9286 56-0950585
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
4100 Coca-Cola Plaza, Charlotte, North Carolina 28211
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(Address of principal executive offices Zip Code)
(704) 551-4400
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Registrant's telephone number, including area code
Item 5. Other Events
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On December 6, 1999, the Company issued the following press release:
NEWS RELEASE
[LOGO]
COCA-COLA Media Contact: Lauren C. Steele
BOTTLING CO. VP Corporate Affairs
CONSOLIDATED 704-551-4551
Investor Contact: David V. Singer
VP, Chief Financial Officer
704-551-4604
FOR IMMEDIATE RELEASE
December 6, 1999
COCA-COLA CONSOLIDATED DEFERS PURCHASE OF JOINT VENTURE
CHARLOTTE, NC---Coca-Cola Bottling Co. Consolidated said in a statement today
that it plans to defer the purchase of The Coca-Cola Company's 50 percent
interest in Piedmont Coca-Cola Bottling Partnership, a joint venture with
selling territories in North Carolina and South Carolina. The decision was made
at the company's December board meeting.
The Coca-Cola Company and Coca-Cola Consolidated have mutually determined not to
continue negotiations to complete the transaction as stated in the non-binding
letter of intent signed on November 5, 1999. The parties expect to re-institute
discussions for the acquisition of The Coca-Cola Company's interest in Piedmont
Coca-Cola Bottling Partnership by Coca-Cola Consolidated at some point in the
future. Coca-Cola Consolidated will continue to operate the business under a
long-term management contract.
Since 1993, the Charlotte-based bottler has been a joint venture partner with
The Coca-Cola Company in the Piedmont Coca-Cola Bottling Partnership, a company
with franchise territories in much of South Carolina and parts of Eastern North
Carolina. Coca-Cola Consolidated has served those territories under a management
agreement since the formation of the joint venture.
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COCA-COLA BOTTLING CO. CONSOLIDATED, 4100 COCA-COLA PLAZA, CHARLOTTE, NC 28211
(704) 551-4400
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 thereunto duly authorized:
COCA-COLA BOTTLING CO. CONSOLIDATED
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(REGISTRANT)
Date: December 10, 1999 BY: /s/ David V. Singer
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David V. Singer
Principal Financial Officer of the Registrant
and
Vice President, Chief Financial Officer