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Coca-Cola Company Directors Page
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Coca-Cola Company Directors Page
Section 16(a) of the Securities Exchange Act of 1934 and related regulations of the Securities and Exchange Commission (the "SEC") require the Company's executive officers and directors and certain persons who own more than ten percent of Company Common Stock to file reports of their ownership of Company Common Stock with the SEC and the New York Stock Exchange (the "NYSE"). The regulations also require these persons to furnish the Company with copies of all Section 16(a) reports they file. Based on the Company's review of the copies of those reports received and written representations from each such person who did not file an annual report with the SEC (Form 5) that no annual report was due, the Company believes that all filing requirements applicable to such persons have been complied with in 1997 and prior years, except that Douglas N. Daft, Senior Vice President, filed a Form 4 Report of Changes in Beneficial Ownership of Securities with the SEC and the NYSE three days late.
Set forth in the table below is information as of February 20, 1998 (except as otherwise noted) with respect to persons known to the Company to be the beneficial owners of more than five percent of the Company's issued and outstanding stock:
NUMBER OF SHARES PERCENT
NAME AND ADDRESS BENEFICIALLY OWNED OF CLASS
---------------- ------------------ --------
Berkshire Hathaway Inc./1/ 200,000,000 8.1%
1440 Kiewit Plaza
Omaha, Nebraska 68131
SunTrust Banks, Inc./2/ 188,344,715 7.6%
303 Peachtree Street
Atlanta, Georgia 30308
/1/ Berkshire Hathaway Inc., a diversified holding company, has informed the Company that certain of its subsidiaries hold an aggregate of 200,000,000 shares of Company Common Stock. The capital stock of Berkshire Hathaway Inc. is beneficially owned 38.8% by Warren E. Buffett and three trusts of which he is a trustee but in which he has no beneficial interest and 3.0% by his wife. All of such shares of the Company are included in the share ownership of Mr. Buffett disclosed in the table of beneficial ownership of securities above.
/2/ SunTrust Banks, Inc. ("SunTrust"), a bank holding company, has informed the Company that, as of December 31, 1997, certain subsidiaries of SunTrust held either individually or in various fiduciary and agency capacities an aggregate of 188,344,715 shares, of which 140,078,219 shares, or 5.7% of Company Common Stock, are held in various fiduciary and agency capacities as to which SunTrust and certain of its subsidiaries may be deemed beneficial owners, but as to which SunTrust and such subsidiaries disclaim any beneficial interest. SunTrust Bank, Atlanta owns individually 25,373,952 shares of Company Common Stock, SunTrust Banks of Georgia, Inc. owns individually 12,212,544 shares of Company Common Stock and Preferred Surety Corporation, a direct subsidiary of SunTrust Banks of Georgia, Inc. and an indirect subsidiary of SunTrust, owns individually 10,680,000 shares of Company Common Stock as to which SunTrust may be deemed a beneficial owner. Of the shares held in fiduciary or agency capacities, such subsidiaries of SunTrust have sole voting power with respect to 79,541,727 shares, shared voting power with respect to 20,872,976 shares, sole investment power with respect to 49,918,337 shares and shared investment power with respect to 86,805,339 shares. As to the shares described above, SunTrust has further informed the Company that 131,524,479 of such shares, or 5.3% of Company Common Stock, are held in various fiduciary and agency capacities by SunTrust Bank, Atlanta, which is a direct subsidiary of SunTrust Banks of Georgia, Inc. and an indirect subsidiary of SunTrust.