PepsiAmericas (PAS)

On July 3, 2006, PCGB (BVI) Limited, a wholly owned subsidiary of Pepsi-Cola General Bottlers, Inc., which is one of our subsidiaries, acquired, pursuant to the exercise of its call option, the remaining 51 percent of the outstanding common stock of Quadrant-Amroq Bottling Company Limited (“QABCL”). QABCL is a holding company that, through subsidiaries, produces, sells and distributes Pepsi and other beverages throughout Romania. On July 5, 2006, we issued a press release regarding this investment, which appears as Exhibit 99 to this report. Such press release is incorporated by reference in response to this Item 8.01. PCGB (BVI) Limited acquired 49 percent of the outstanding common stock of QABCL in June 2005.

ITEM 8.01   OTHER EVENTS

On January 20, 2006, we purchased Ardea Beverage Co., maker of airforce Nutrisoda.  Ardea sells a portfolio of nutritionally enhanced, low calorie, carbonated beverages.  On January 23, 2006, we issued a press release regarding this acquisition, which appears as Exhibit 99 to this report.  Such press release is incorporated by reference in response to this Item 8.01.

ITEM 8.01   OTHER EVENTS

On September 26, 2005, Kenneth E. Keiser, President and Chief Operating Officer of PepsiAmericas, Inc. (the “Company”), terminated his Rule 10b5-1 trading plan prior to its scheduled termination in December 2005.  The terms of the Rule 10b5-1 trading plan permitted this termination.  By making this announcement, the Company does not undertake to announce any future Rule 10b5-1 trading plan terminations or modifications.

2

ITEM 8.01   OTHER EVENTS

On July 21, 2005, our Board of Directors declared a dividend of $0.085 per share on PepsiAmericas common stock.  The dividend is payable October 3, 2005 to shareholders of record on September 15, 2005.  As previously disclosed, our Board reviews dividend policy on a quarterly basis.  Our Board also approved an increase in our existing share repurchase program by authorizing the repurchase of an additional 20 million shares of common stock.  The company has approximately 138 million shares of common stock currently outstanding.  Such shares may be purchased on the open market or through negotiated transactions.  The authorization is effective immediately and there is no deadline for the execution of such repurchases.  On July 21, 2005, we issued a press release regarding these matters, which appears as Exhibit 99 to this report.  Such press release is incorporated by reference in response to this Item 8.01.

ITEM 8.01   OTHER EVENTS

On June 16, 2005, PCGB (BVI) Limited, a wholly owned subsidiary of Pepsi-Cola General Bottlers, Inc., which is one of our subsidiaries, acquired 49% of the outstanding common stock of Quadrant-Amroq Bottling Company Limited.  Quadrant-Amroq Bottling Company Limited is a holding company that, through subsidiaries, produces, sells and distributes Pepsi and other beverages throughout Romania.  On June 16, 2005, we issued a press release regarding this investment, which appears as Exhibit 99 to this report.  Such press release is incorporated by reference in response to this Item 8.01.

ITEM 8.01   OTHER EVENTS

On March 4, 2005, Larry D. Young will resign from our company.  Mr. Young, although not an officer for whom disclosure would be required under Item 5.02(b) of Form 8-K, served as our Executive Vice President, Corporate Affairs.

ITEM 8.01                       OTHER EVENTS

On February 18, 2005, James W. Nolan resigned from his officer position at our company.  Mr. Nolan will resign as an employee of our company effective March 4, 2005.  Mr. Nolan, although not an officer for whom disclosure would be required under Item 5.02(b) of Form 8-K, served as our Executive Vice President, U.S. Operations.

On February 24, 2005, we announced that our Board of Directors declared a quarterly dividend of $0.085 per share on PepsiAmericas common stock.  The dividend is payable April 1, 2005, to shareholders of record on March 15, 2005.  As previously disclosed, the board reviews dividend policy on a quarterly basis.

ITEM 8.01   OTHER EVENTS

On January 10, 2005, we acquired the capital stock of Central Investment Corporation, a Pepsi bottler with operations in Southeast Florida and Central Ohio, as well as full-line vending operations in both territories.

On January 10, 2005, we issued a press release regarding such acquisition, which appears as Exhibit 99.2 to this report.  Such press release is incorporated by reference in response to this Item 8.01.