SC 13D/A 1 tm2012098d1_sc13da.htm SC 13D/A

 

  

 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 
 
KEURIG DR PEPPER INC.
(Name of Issuer)
 
Common Stock, Par Value $0.01 Per Share
(Title of Class of Securities)
 
49271V100
(CUSIP Number)
 
Joachim Creus
Maple Holdings B.V.
Oosterdoksstraat 80
1011 DK Amsterdam
The Netherlands
Tel.: +31 20 406 10 01
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
Copies To:
Paul T. Schnell, Esq.
Sean C. Doyle, Esq.
Maxim O. Mayer-Cesiano, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
One Manhattan West
New York, New York 10001
Tel.: (212) 735-3000
 
March 4, 2020
(Date of Event Which Requires Filing of This Statement)
 
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.   ¨
 
 
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

   
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ¨.

 

 

 

 

 

 

CUSIP No. 49271V100    
1.  

NAMES OF REPORTING PERSONS:

 

Maple Holdings B.V.

   
2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  x

 

   
3.  

SEC USE ONLY

 

   
4.  

SOURCE OF FUNDS

 

OO (See Item 3)

   
5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 

 

  ¨
6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Netherlands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

    7.      SOLE VOTING POWER
           None
    8.      SHARED VOTING POWER

           908,745,095 (1) (see Items 4 and 5) 

    9.      SOLE DISPOSITIVE POWER
           None
  10.      SHARED DISPOSITIVE POWER
           908,745,095 (1) (see Items 4 and 5)

 

11.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

908,745,095 shares of Common Stock (1) (see Items 4 and 5)

   
12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ¨
13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

64.6% of Common Stock (2) (see Item 5)

   
14.  

TYPE OF REPORTING PERSON

 

HC

   

 

(1) This represents the aggregate voting and dispositive power of shares of common stock, par value $0.01 per share (“Common Stock”), of Keurig Dr Pepper Inc. (“KDP”) that may be deemed to be beneficially owned by Maple Holdings B.V. (“Maple Holdings”), after giving effect to the Share Sale (see Item 4).

 

(2) The percentage ownership is based upon 1,406,986,313 shares of Common Stock issued and outstanding as of February 26, 2020, as set forth in Prospectus Supplement No. 2 dated March 4, 2020 (the “Prospectus Supplement”) supplementing the Registration Statement (including a prospectus) on Form S-3 and the Resale Prospectus Supplement each filed by KDP with the United States Securities and Exchange Commission (the “Commission”) on August 27, 2019.

 

 

 

 

CUSIP No. 49271V100    
1.  

NAMES OF REPORTING PERSONS:

 

Acorn Holdings B.V.

   
2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

 

   
3.  

SEC USE ONLY

 

   
4.  

SOURCE OF FUNDS

 

OO (See Item 3)

   
5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 

 

  ¨
6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Netherlands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

    7.      SOLE VOTING POWER
           None
    8.      SHARED VOTING POWER

           908,745,095 (1) (see Items 4 and 5)

    9.      SOLE DISPOSITIVE POWER
           None
  10.      SHARED DISPOSITIVE POWER
           908,745,095 (1) (see Items 4 and 5)

 

11.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

908,745,095 shares of Common Stock (see Items 4 and 5)

   
12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ¨
13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

64.6% of Common Stock (2) (see Item 5)

   
14.  

TYPE OF REPORTING PERSON

 

HC

   

 

(1) This represents the aggregate voting and dispositive power of shares of Common Stock that may be deemed to be beneficially owned by Maple Holdings. Acorn Holdings B.V. (“Acorn”) may be deemed to have beneficial ownership of such shares since Maple Holdings is an indirect subsidiary of Acorn. Neither the filing of this Statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by Acorn that it is the beneficial owner of any of the common stock referred to herein for purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.

 

(2) The percentage ownership is based upon 1,406,986,313 shares of Common Stock issued and outstanding as of February 26, 2020, as set forth in Prospectus Supplement.

 

 

 


CUSIP No. 49271V100    
1.  

NAMES OF REPORTING PERSONS:

 

JAB Forest B.V.

   
2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

 

   
3.  

SEC USE ONLY

 

   
4.  

SOURCE OF FUNDS

 

OO (See Item 3)

   
5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 

 

  ¨
6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Netherlands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

    7.      SOLE VOTING POWER
           None
    8.      SHARED VOTING POWER

           908,745,095 (1) (see Items 4 and 5)

    9.      SOLE DISPOSITIVE POWER
           None
  10.      SHARED DISPOSITIVE POWER
           908,745,095 (1) (see Items 4 and 5)

 

11.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

908,745,095 shares of Common Stock (see Items 4 and 5)

   
12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ¨
13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

64.6% of Common Stock (2) (see Item 5)

   
14.  

TYPE OF REPORTING PERSON

 

HC

   

 

(1) This represents the aggregate voting and dispositive power of shares of Common Stock that may be deemed to be beneficially owned by Maple Holdings. JAB Forest B.V. (“Forest”) may be deemed to have beneficial ownership of such shares since Maple Holdings is an indirect subsidiary of Forest. Neither the filing of this Statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by Forest that it is the beneficial owner of any of the common stock referred to herein for purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.

 

(2) The percentage ownership is based upon 1,406,986,313 shares of Common Stock issued and outstanding as of February 26, 2020, as set forth in Prospectus Supplement.

 

 

 


CUSIP No. 49271V100    
1.  

NAMES OF REPORTING PERSONS:

 

JAB Holdings B.V.

   
2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

 

   
3.  

SEC USE ONLY

 

   
4.  

SOURCE OF FUNDS

 

OO (See Item 3)

   
5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 

 

  ¨
6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Netherlands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

    7.      SOLE VOTING POWER
           None
    8.      SHARED VOTING POWER

           916,145,095 (1) (see Items 4 and 5)

    9.      SOLE DISPOSITIVE POWER
           None
  10.      SHARED DISPOSITIVE POWER
           916,145,095 (1) (see Items 4 and 5)

 

11.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

916,145,095 shares of Common Stock (see Items 4 and 5)

   
12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ¨
13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

65.1% of Common Stock (2) (see Item 5)

   
14.  

TYPE OF REPORTING PERSON

 

HC

   

 

(1) This represents the aggregate voting and dispositive power of shares of Common Stock that may be deemed to be beneficially owned by JAB Holdings B.V. (“JAB Holdings”), including the shares of Common Stock beneficially owned by Maple Holdings. JAB Holdings may be deemed to have beneficial ownership of the shares held by Maple Holdings since Maple Holdings is an indirect subsidiary of JAB Holdings. Neither the filing of this Statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by JAB Holdings that it is the beneficial owner of any of the common stock held by Maple Holdings for purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.

 

(2) The percentage ownership is based upon 1,406,986,313 shares of Common Stock issued and outstanding as of February 26, 2020, as set forth in Prospectus Supplement.

 

 

 

 

CUSIP No. 49271V100    
1.  

NAMES OF REPORTING PERSONS:

 

JAB Investments S.à r.l.

   
2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

 

   
3.  

SEC USE ONLY

 

   
4.  

SOURCE OF FUNDS

 

OO (See Item 3)

   
5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 

 

  ¨
6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Luxembourg

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

    7.      SOLE VOTING POWER
           None
    8.      SHARED VOTING POWER

           916,145,095 (1) (see Items 4 and 5)

    9.      SOLE DISPOSITIVE POWER
           None
  10.      SHARED DISPOSITIVE POWER
           916,145,095 (1) (see Items 4 and 5)

 

11.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

916,145,095 shares of Common Stock (see Items 4 and 5)

   
12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ¨
13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

65.1% of Common Stock (2) (see Item 5)

   
14.  

TYPE OF REPORTING PERSON

 

HC

   

 

(1) This represents the aggregate voting and dispositive power of shares of Common Stock that may be deemed to be beneficially owned by Maple Holdings or JAB Holdings. JAB Investments S.à r.l. (“JAB Investments”) may be deemed to have beneficial ownership of such shares since Maple Holdings is an indirect subsidiary and JAB Holdings is a direct subsidiary of JAB Investments. Neither the filing of this Statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by JAB Investments that it is the beneficial owner of any of the common stock referred to herein for purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.

 

(2) The percentage ownership is based upon 1,406,986,313 shares of Common Stock issued and outstanding as of February 26, 2020, as set forth in Prospectus Supplement.

 

 

 

 

CUSIP No. 49271V100    
1.  

NAMES OF REPORTING PERSONS:

 

JAB Holding Company S.à r.l.

   
2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

 

   
3.  

SEC USE ONLY

 

   
4.  

SOURCE OF FUNDS

 

OO (See Item 3)

   
5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 

 

  ¨
6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Luxembourg

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

    7.      SOLE VOTING POWER
           None
    8.      SHARED VOTING POWER

           916,145,095 (1) (see Items 4 and 5)

    9.      SOLE DISPOSITIVE POWER
           None
  10.      SHARED DISPOSITIVE POWER
           916,145,095 (1) (see Items 4 and 5)

 

11.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

916,145,095 shares of Common Stock (see Items 4 and 5)

   
12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ¨
13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

65.1% of Common Stock (2)(see Item 5)

   
14.  

TYPE OF REPORTING PERSON

 

HC

   

 

(1) This represents the aggregate voting and dispositive power of shares of Common Stock that may be deemed to be beneficially owned by Maple Holdings or JAB Holdings. JAB Holding Company S.à r.l. (“JAB Holding Company”) may be deemed to have beneficial ownership of such shares since Maple Holdings and JAB Holdings are indirect subsidiaries of JAB Holding Company. Neither the filing of this Statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by JAB Holding Company that it is the beneficial owner of any of the common stock referred to herein for purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.

 

(2) The percentage ownership is based upon 1,406,986,313 shares of Common Stock issued and outstanding as of February 26, 2020, as set forth in Prospectus Supplement.

 

 

 


CUSIP No. 49271V100    
1.  

NAMES OF REPORTING PERSONS:

 

Joh. A. Benckiser B.V.

   
2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

 

   
3.  

SEC USE ONLY

 

   
4.  

SOURCE OF FUNDS

 

OO (See Item 3)

   
5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 

 

  ¨
6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Netherlands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

    7.      SOLE VOTING POWER
           None
    8.      SHARED VOTING POWER

           916,145,095 (1) (see Items 4 and 5)

    9.      SOLE DISPOSITIVE POWER
           None
  10.      SHARED DISPOSITIVE POWER
           916,145,095 (1) (see Items 4 and 5)

 

11.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

916,145,095 shares of Common Stock (see Items 4 and 5)

   
12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ¨
13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

65.1% of Common Stock (2) (see Item 5)

   
14.  

TYPE OF REPORTING PERSON

 

HC

   

 

(1) This represents the aggregate voting and dispositive power of shares of Common Stock that may be deemed to be beneficially owned by Maple Holdings or JAB Holdings. Joh. A. Benckiser B.V. (“Joh. A. Benckiser”) may be deemed to have beneficial ownership of such shares since Maple Holdings and JAB Holdings are indirect subsidiaries of Joh. A. Benckiser. Neither the filing of this Statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by Joh. A. Benckiser that it is the beneficial owner of any of the common stock referred to herein for purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.

 

(2) The percentage ownership is based upon 1,406,986,313 shares of Common Stock issued and outstanding as of February 26, 2020, as set forth in Prospectus Supplement.

 

 

 


CUSIP No. 49271V100

   
1.  

NAMES OF REPORTING PERSONS:

 

Agnaten SE

   
2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

 

   
3.  

SEC USE ONLY

 

   
4.  

SOURCE OF FUNDS

 

OO (See Item 3)

   
5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 

 

  ¨
6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Austria

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

    7.      SOLE VOTING POWER
           None
    8.      SHARED VOTING POWER

           916,145,095 (1) (see Items 4 and 5)

    9.      SOLE DISPOSITIVE POWER
           None
  10.      SHARED DISPOSITIVE POWER
           916,145,095 (1) (see Items 4 and 5)

 

11.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

916,145,095 shares of Common Stock (see Items 4 and 5)

   
12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ¨
13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

65.1% of Common Stock (2) (see Item 5)

   
14.  

TYPE OF REPORTING PERSON

 

HC

   

 

(1) This represents the aggregate voting and dispositive power of shares of Common Stock that may be deemed to be beneficially owned by Maple Holdings or JAB Holdings. Agnaten SE (“Agnaten”) may be deemed to have beneficial ownership of such shares since Maple Holdings and JAB Holdings are indirect subsidiaries of Agnaten. Neither the filing of this Statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by Agnaten that it is the beneficial owner of any of the common stock referred to herein for purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.

 

(2) The percentage ownership is based upon 1,406,986,313 shares of Common Stock issued and outstanding as of February 26, 2020, as set forth in Prospectus Supplement.

 

 

 

 

CUSIP No. 49271V100    
1.  

NAMES OF REPORTING PERSONS:

 

Lucresca SE

   
2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

 

   
3.  

SEC USE ONLY

 

   
4.  

SOURCE OF FUNDS

 

OO (See Item 3)

   
5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 

 

  ¨
6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Austria

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

    7.      SOLE VOTING POWER
           None
    8.      SHARED VOTING POWER

           916,145,095 (1) (see Items 4 and 5)

    9.      SOLE DISPOSITIVE POWER
           None
  10.      SHARED DISPOSITIVE POWER
           916,145,095 (1) (see Items 4 and 5)

 

11.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

916,145,095 shares of Common Stock (see Items 4 and 5)

   
12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ¨
13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

65.1% of Common Stock (2) (see Item 5)

   
14.  

TYPE OF REPORTING PERSON

 

HC

   

 

(1) This represents the aggregate voting and dispositive power of shares of Common Stock that may be deemed to be beneficially owned by Maple Holdings or JAB Holdings. Lucresca SE (“Lucresca”) may be deemed to have beneficial ownership of such shares since Maple Holdings and JAB Holdings are indirect subsidiaries of Lucresca. Neither the filing of this Statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by Lucresca that it is the beneficial owner of any of the common stock referred to herein for purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.

 

(2) The percentage ownership is based upon 1,406,986,313 shares of Common Stock issued and outstanding as of February 26, 2020, as set forth in Prospectus Supplement.

 

 

 

 

 

EXPLANATORY NOTE

 

This Schedule 13D/A constitutes Amendment No. 3 (“Amendment No. 3”) to and amends and supplements the prior statement on Schedule 13D as filed on July 19, 2018, as amended by Amendment No. 1 filed on May 16, 2019 and Amendment No. 2 filed on May 28, 2019 (as so amended, the “Schedule 13D”), by (i) Maple Holdings B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) organized under the laws of the Netherlands (“Maple Holdings”), (ii) Acorn Holdings B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) organized under the laws of the Netherlands, which is the parent company of Maple Holdings (“Acorn”), (iii) JAB Forest B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) organized under the laws of the Netherlands, which is the parent company of Acorn (“Forest”), (iv) JAB Holdings B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) organized under the laws of the Netherlands, which is the parent company of Forest (“JAB Holdings”), (v) JAB Investments S.à r.l., a private limited liability company incorporated under the laws of Luxembourg, which is the parent company of JAB Holdings (“JAB Investments”), (vi) JAB Holding Company S.à r.l., a private limited liability company incorporated under the laws of Luxembourg, which is the parent company of JAB Investments (“JAB Holding Company”), (vii) Joh. A. Benckiser B.V. (formerly known as Donata Holdings B.V.), a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) organized under the laws of the Netherlands, which is a parent company of JAB Holding Company (“Joh. A. Benckiser”), (viii) Agnaten SE, a private company incorporated under the laws of Austria, which is a parent company of JAB Holding Company (“Agnaten”), and (ix) Lucresca SE, a private company incorporated under the laws of Austria, which is the parent company of Joh. A. Benckiser (“Lucresca”, and together with Maple Holdings, Acorn, Forest, JAB Holdings, JAB Investments, JAB Holding Company, Joh. A. Benckiser and Agnaten, the “Reporting Persons”).

 

Item 2.Identity and Background.

 

Item 2 is hereby amended and supplemented as follows:

 

Schedule A to the Schedule 13D is amended and restated in its entirety as set forth as Schedule A hereto.

 

Item 3.Source and Amount of Funds or Other Consideration.

 

Item 3 is hereby amended and supplemented as follows:

 

The Share Purchase (see Item 4) was funded using the investment capital of the Reporting Persons. The aggregate amount of funds used for the purchase of Shares in the Share Purchase reported herein was approximately $199,800,000.

 

Item 4.Purpose of Transaction.

 

Item 4 is hereby amended and supplemented as follows:

 

On March 4, 2020, in connection with a registered public secondary offering (the “Secondary Offering”) of 40,000,000 shares of Common Stock (the “Common Stock”), par value $0.01 per share (the “Shares”), of Keurig Dr Pepper Inc. (“KDP”), Maple Holdings, Mondelēz International Holdings LLC (“Mondelēz”) and KDP entered into an Underwriting Agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC (the “Underwriter”). Pursuant to the Underwriting Agreement, Maple Holdings agreed to sell 33,165,829 Shares and Mondelēz agreed to sell 6,834,171 Shares to the Underwriter at a price of $27.00 per Share (the “Share Sale”). In addition, Maple Holdings and Mondelēz granted the Underwriter a thirty (30) day option to purchase up to an additional 6,000,000 Shares. The Share Sale closed on March 9, 2020. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to such agreement, which is attached as Exhibit 5 hereto and is incorporated herein by reference.

 

On March 9, 2020, following the closing of the Share Sale, JAB Holdings purchased 7,400,000 Shares from the Underwriter at a price of $27.00 per Share (the “Share Purchase”).

 

The decision to commence the Secondary Offering was motivated by a desire from KDP’s management to provide additional liquidity to the market. The net impact of the Share Sale and Share Purchase is expected to increase the float of the Common Stock by approximately 2.3%, if the underwriter does not subsequently exercise its option to purchase additional Shares. Over the next twelve (12) months, Maple Holdings will consider additional opportunities to increase the float up to a maximum of 25% of the outstanding Common Stock, subject to favorable market conditions. The Reporting Persons collectively intend to remain controlling shareholders in KDP.

 

 

 

 

Other than as described above, none of the Reporting Persons currently has any plans or proposals that relate to, or would result in, any of the matters listed in Items 4(a)–(j) of Schedule 13D, although the Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto. Each of the Reporting Persons intends to evaluate on an ongoing basis their investment in KDP and their options with respect to such investment, including a sale of all or a portion of their equity ownership in KDP.

 

Item 5.Interest in Securities of the Issuer.

 

Item 5 is hereby amended and supplemented as follows:

 

(a) – (b) Maple Holdings beneficially owns 908,745,095 Shares, after giving effect to the Share Sale, which represents 64.6% of the issued and outstanding Shares as of February 26, 2020, as set forth in Prospectus Supplement No. 2 dated March 4, 2020 (the “Prospectus Supplement”) supplementing the Registration Statement (including prospectus) on Form S-3 and the Resale Prospectus Supplement each filed by KDP with the United States Securities and Exchange Commission (the “Commission”) on August 27, 2019. Each of Acorn and Forest may be deemed, for purposes of Rule 13d-3 under the Exchange Act, to share with Maple Holdings the power to vote or dispose, or to direct the voting or disposition of, the 908,745,095 Shares beneficially owned by Maple Holdings. Therefore, for the purpose of Rule 13d-3, Acorn and Forest may be deemed to be the beneficial owners of an aggregate of 908,745,095 Shares.

 

Each of JAB Holdings, JAB Investments, JAB Holding Company, Joh. A. Benckiser, Agnaten and Lucresca may be deemed, for purposes of Rule 13d-3 under the Exchange Act, to share the power to vote or dispose, or to direct the voting or disposition of, the 7,400,000 Shares acquired by JAB Holdings in the Share Purchase, and, together with Maple Holdings, Acorn and Forest, to share the power to vote or dispose, or to direct the voting or disposition of, the 908,745,095 Shares beneficially owned by Maple Holdings. Therefore, for the purpose of Rule 13d-3, JAB Holdings, JAB Investments, JAB Holding Company, Joh. A. Benckiser, Agnaten and Lucresca may be deemed to be the beneficial owners of an aggregate of 916,145,095 Shares, which represents 65.1% of the issued and outstanding Shares as of February 26, 2020, as set forth in the Prospectus Supplement.

 

As of the date hereof, Peter Harf may be deemed to be the beneficial owner of an aggregate of 178,200 Shares, 21,400 of which are owned by Mr. Harf’s spouse, which represents less than 0.1% of the issued and outstanding Shares as of February 26, 2020, as set forth in the Prospectus Supplement. Mr. Harf has the sole power to vote or dispose, or direct the voting or disposition of, 156,800 Shares. Mr. Harf disclaims beneficial ownership of the Shares owned by his spouse.

 

As of the date hereof, Olivier Goudet beneficially owns 20,000 Shares, which represents less than 0.1% of the issued and outstanding Shares as of February 26, 2020, as set forth in the Prospectus Supplement.

 

Except as set forth in this Item 5(a), none of the Reporting Persons, and, to the best knowledge of the Reporting Persons, none of the persons named in Schedule A to the Schedule 13D beneficially owns any Shares. Neither the filing of this Amendment No. 3 nor any of its contents shall be deemed to constitute an admission by the Reporting Persons that it is the beneficial owner of any Shares.

 

(c) Except for the Share Sale and the Share Purchase, none of the Reporting Persons, and to the best knowledge of the Reporting Persons, none of the persons named in Schedule A to the Schedule 13D, has effected any transactions in the Shares during the past 60 days.

 

Item 6.Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

Item 6 is hereby amended and supplemented as follows:

 

In connection with the Share Sale referred to in Item 4 above, Maple Holdings entered into (i) the Underwriting Agreement (see Item 4), which is attached as Exhibit 5 hereto and is incorporated herein by reference and (ii) a Lock-Up Agreement with the Underwriter, dated as of March 4, 2020, which is attached as Exhibit 6 hereto and is incorporated herein by reference.

 

Item 7. Material to be Filed as Exhibits.

 

Item 7 is hereby amended and supplemented as follows:

 

Exhibit Number   Exhibit Name  
5.   Underwriting Agreement, dated as of March 4, 2020, by and among Maple Holdings B.V., Mondelēz International Holdings LLC, Keurig Dr Pepper Inc. and Morgan Stanley & Co. LLC.
6.   Lock-Up Agreement, dated as of March 4, 2020, by and between Maple Holdings B.V. and Morgan Stanley & Co. LLC.

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: March 9, 2020

 

 

JAB FOREST B.V.

JAB HOLDINGS B.V.

JOH. A. BENCKISER B.V.

       
  By:   /s/ Joachim Creus
  Name:   Joachim Creus
  Title:   Director
       
  By:   /s/ Fabien Simon
  Name:   Fabien Simon
  Title:   Director
       
  ACORN HOLDINGS B.V.
     
       
  By:   /s/ Joachim Creus
  Name:   Joachim Creus
  Title:   Proxy Holder
       
   
     
  JAB HOLDING COMPANY S.À r.l.
       
  By:   /s/ Constantin Thun
  Name:   Constantin Thun
  Title:   Manager
       
  By:   /s/ Joachim Creus
  Name:   Joachim Creus
  Title:   Manager
       
       
  JAB INVESTMENTS S.À R.L.
   
  By:   /s/ Joachim Creus
  Name:   Joachim Creus
  Title:   Manager
       
  By:   /s/ Philippe Chenu                  
  Name:   Philippe Chenu
  Title:   Manager

 

 

  AGNATEN SE
  LUCRESCA SE
            
  By:   /s/ Joachim Creus
  Name:     Joachim Creus
  Title:   Authorized Representative

 

 

 

 

  MAPLE HOLDINGS B.V.
       
  By:   /s/ Merel Broers         
  Name:   Merel Broers
  Title:   Director
       
  By:   /s/ Leo Burgers
  Name:   Leo Burgers
  Title:   Director

 

 

 

 

SCHEDULE A

 

Maple Holdings B.V.

 

Set forth below is a list of the directors and executive officers of Maple Holdings B.V. as of March 9, 2020, their present principal occupations or employment, and citizenship.

 

NAME   PRINCIPAL
OCCUPATION OR
EMPLOYMENT
  BUSINESS ADDRESS   CITIZENSHIP
         
Leendert Brugers   Director   Piet Heinkade 55, 1019 GM
Amsterdam, the Netherlands
  The Netherlands
         
Merel Broers   Director   Oosterdoksstraat 80
1011 DK Amsterdam, the
Netherlands
  The Netherlands
             
Luuk Hoogeveen   Director   Piet Heinkade 55, 1019 GM
Amsterdam, the Netherlands
  The Netherlands

 

 

 

 

Acorn Holdings B.V.

 

Set forth below is a list of the directors and executive officers of Acorn Holdings B.V. as of March 9, 2020, their present principal occupations or employment, and citizenship.  

 

NAME   PRINCIPAL
OCCUPATION OR
EMPLOYMENT
  BUSINESS ADDRESS   CITIZENSHIP
         
Kenneth Charles Keller   Executive Director, CEO   Oosterdoksstraat 80
1011 DK Amsterdam, the
Netherlands
  USA
             
Anna-Lena Kamenetzky   Non-Executive Director   Oosterdoksstraat 80
1011 DK Amsterdam, the
Netherlands
  Germany
             
Olivier Goudet   Non-Executive Director   Oosterdoksstraat 80
1011 DK Amsterdam, the
Netherlands
  France
             
Peter Harf   Non-Executive Director   Oosterdoksstraat 80
1011 DK Amsterdam, the
Netherlands
  Germany
             
Joachim Creus     Non-Executive Director   Oosterdoksstraat 80
1011 DK Amsterdam, the
Netherlands
  Belgium
             
Fabien Simon     Non-Executive Director   Oosterdoksstraat 80
1011 DK Amsterdam, the
Netherlands
  France
             
Alejandro Santo Domingo   Non-Executive Director   Oosterdoksstraat 80
1011 DK Amsterdam, the
Netherlands
  United States of America
             
Genevieve Hovde   Non-Executive Director   Oosterdoksstraat 80
1011 DK Amsterdam, the
Netherlands
  United States of America
             
Robert Gamgort   Non-Executive Director   Oosterdoksstraat 80
1011 DK Amsterdam, the
Netherlands
  United States of America

 

 

 

 

JAB Forest B.V.

 

Set forth below is a list of the directors and executive officers of JAB Forest B.V. as of March 9, 2020, their present principal occupations or employment, and citizenship.

 

NAME   PRINCIPAL
OCCUPATION OR
EMPLOYMENT
  BUSINESS ADDRESS   CITIZENSHIP
         
JAB Holdings B.V.   Managing Director   Piet Heinkade 55
1019 GM Amsterdam, the
Netherlands
  The Netherlands

 

 

 

 

JAB Holdings B.V.

 

Set forth below is a list of the directors and executive officers of JAB Holdings B.V. as of March 9, 2020, their present principal occupations or employment, and citizenship.

 

NAME   PRINCIPAL
OCCUPATION OR
EMPLOYMENT
  BUSINESS ADDRESS   CITIZENSHIP
         
Fabien Simon   Managing Director   Piet Heinkade 55, 1019 GM
Amsterdam, the Netherlands
  France
         
Joachim Creus   Managing Director   Piet Heinkade 55, 1019 GM Amsterdam, the Netherlands   Belgium
             
Olivier Goudet   Supervisory Director   Piet Heinkade 55
1019 GM Amsterdam, the
Netherlands
  France
             
Peter Harf   Supervisory Director   Piet Heinkade 55
1019 GM Amsterdam, the
Netherlands
  Germany

 

 

 

 

 

JAB Investments S.à r.l.

 

Set forth below is a list of the directors and executive officers of JAB Investments S.à r.l. as of March 9, 2020, their present principal occupations or employment, and citizenship.

 

NAME   PRINCIPAL
OCCUPATION OR
EMPLOYMENT
  BUSINESS ADDRESS   CITIZENSHIP
         
Joachim Creus   Manager   20 Eastbourne Terrace
London W2 6LG
United Kingdom
  Belgium
         
Jonathan Norman   Manager   4 Rue Jean Monnet
L-2180 Luxembourg
  Luxembourg
             
Philippe Chenu   Manager   4 Rue Jean Monnet
L-2180 Luxembourg
  Belgium

 

 

 

 

JAB Holding Company S.à r.l.

 

Set forth below is a list of the directors and executive officers of JAB Holding Company S.à r.l. as of March 9, 2020, their present principal occupations or employment, and citizenship.

 

NAME   PRINCIPAL
OCCUPATION OR
EMPLOYMENT
  BUSINESS ADDRESS   CITIZENSHIP
         
Joachim Creus   Manager   20 Eastbourne Terrace
London W2 6LG
United Kingdom
  Belgium
         
Constantin Thun−Hohenstein     Manager   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Austria

 

 

 

 

Joh. A. Benckiser B.V. (formerly known as Donata Holdings B.V.)

 

Set forth below is a list of the directors and executive officers of Joh. A. Benckiser B.V. as of March 9, 2020, their present principal occupations or employment, and citizenship.

 

NAME   PRINCIPAL
OCCUPATION OR
EMPLOYMENT
  BUSINESS ADDRESS   CITIZENSHIP
         
Fabien Simon   Managing Director   Piet Heinkade 55, 1019
GM Amsterdam, the
Netherlands
  France
             
Joachim Creus   Managing Director   Piet Heinkade 55, 1019
GM Amsterdam, the
Netherlands
  Belgium

 

 

 

 

Agnaten SE

 

Set forth below is a list of the directors and executive officers of Agnaten SE as of March 9, 2020, their present principal occupations or employment, and citizenship.

 

             
NAME   PRINCIPAL
OCCUPATION OR
EMPLOYMENT
  BUSINESS ADDRESS   CITIZENSHIP
         
Peter Harf   Sole Managing Director and Administrative Board Member   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Germany
             
Martin Haas   Administrative Board Member   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Austria
             
Wolfgang Reimann   Administrative Board Member   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Austria
             
Stefan Reimann-Anderson   Administrative Board Member   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Austria
         
Matthias Reimann-Anderson   Administrative Board Member   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Austria

 

 

 

 

Lucresca SE

 

Set forth below is a list of the directors and executive officers of Lucresca SE as of March 9, 2020, their present principal occupations or employment, and citizenship.

 

             
NAME   PRINCIPAL
OCCUPATION OR
EMPLOYMENT
  BUSINESS ADDRESS   CITIZENSHIP
         
Peter Harf   Sole Managing Director and Administrative Board Member   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Germany
             
Martin Haas   Administrative Board Member   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Austria
             
Wolfgang Reimann   Administrative Board Member   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Austria
             
Stefan Reimann-Anderson   Administrative Board Member   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Austria
         
Matthias Reimann-Anderson   Administrative Board Member   Rooseveltplatz 4−5 / Top
10
A−1090 Vienna,
Austria
  Austria