Keurig Dr Pepper pays million dollar civil penalty after SEC allegations about K-Cup recyclability [Yahoo! Finance]
Keurig Dr Pepper Inc. (KDP)
Last keurig dr pepper inc. earnings: 4/27 04:10 pm
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Source: Yahoo! Finance
As per Amelia Lucas with CNBC , "The Securities and Exchange Commission has charged Keurig Dr Pepper over what the agency said are inaccurate claims by the company about the r ecyclability of its disposable K-Cup pods, the agency said Tuesday." In response, the company has "agreed to pay a $1.5 million civil penalty without admitting or denying the agency's findings." This is far from the first time that the viability of recycling K-Cups has been in the news. In prior annual reports from 2019 and 2020, testing found that K-Cups could technically be effectively recycled. However, the SEC then noted two United States-based recyclers reported that they "didn't intend to accept the disposable coffee pods for recycling and had expressed 'significant concerns' about the financial viability of recycling K-Cups collected curbside" A Keurig Dr Pepper spokesperson said in a statement that the company will "continue to encourage consumers to check with their local recycling program to verif
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KDP
Earnings
- 7/25/24 - In-Line
KDP
Sec Filings
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- KDP's page on the SEC website