Pepsi Bottling Group 8-K 2010
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
The Pepsi Bottling Group, Inc.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans.
On January 12, 2010, The Pepsi Bottling Group, Inc. ("PBG") received notice of a blackout period affecting participants in the PBG 401(k) Program and the PBG 401(k) Savings Program (collectively the "Plans") in connection with the merger of PBG into a wholly-owned subsidiary of PepsiCo, Inc. (the "Merger"). The blackout period is necessary in order for the Plans’ trustee and administrator to process and implement participants’ instructions with respect to the election of consideration to be received from PepsiCo, Inc. for the common stock held in their accounts in the Plans’ PBG Stock Funds. The blackout period is expected to begin as of 4:00 p.m. Eastern Standard Time on the second business day prior to the deadline for the Plans to submit such elections and will end on a date that is approximately four weeks after the closing of the Merger. During this blackout period, the participants’ ability to change the amounts they have invested in the PBG Stock Fund (or to access these amounts through withdrawals, distributions or loans) will be restricted.
Item 9.01 Financial Statements and Exhibits.
(a) Not Applicable.
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 hereunto duly authorized.