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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 14, 2025

 

MOLSON COORS BEVERAGE COMPANY

(Exact name of registrant as specified in its charter)

 

Commission File Number: 001-14829

 

Delaware  84-0178360
(State or other jurisdiction of incorporation)  (IRS Employer Identification No.)

 

P.O. Box 4030, BC555, Golden, Colorado 80401

111 Boulevard Robert-Bourassa, 9th Floor, Montréal, Québec, Canada H3C 2M1

(Address of principal executive offices, including zip code)

 

(303) 279-6565 / (514) 521-1786

(Registrant’s telephone number, including area code)

 

Not applicable

(Former name or former address, if changed since last report)

 

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)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  Trading symbols  Name of each exchange on which registered
Class A Common Stock, par value $0.01  TAP.A  New York Stock Exchange
Class B Common Stock, par value $0.01  TAP  New York Stock Exchange
3.800% Senior Notes due 2032  TAP 32  New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item  5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

At the 2025 Annual Meeting of Stockholders of Molson Coors Beverage Company (the “Company”) held on May 14, 2025 (the “Annual Meeting”), the Company’s stockholders approved the amendment and restatement of the Molson Coors Beverage Company Incentive Compensation Plan (the “Plan”). The Plan was amended and restated to, among other things, (i) increase the number of shares of the Company’s Class B common stock that may be issued under the Plan by 5,000,000 shares, and (ii) extend the term of the Plan for ten years, to May 14, 2035. The Plan was also amended and restated to make certain other administrative changes. The Plan became effective immediately upon stockholder approval at the Annual Meeting.

 

A summary of the material terms of the Plan can be found in Proposal No. 3--Approval of the Amendment and Restatement of the Molson Coors Beverage Company Incentive Compensation Plan in the Company’s definitive proxy statement on Schedule 14A for the Annual Meeting, filed with the Securities and Exchange Commission on April 2, 2025 (the “Proxy Statement”), which description is incorporated by reference herein. The foregoing description and the description incorporated by reference from the Proxy Statement are only summaries and are qualified in their entirety by reference to the full text of the Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

 

At the Annual Meeting, the Company’s stockholders voted on four proposals that are described in detail in the Proxy Statement. Set forth below are the matters the stockholders voted on and the final voting results.

 

Proposal 1:

 

Votes of the Company’s Class A and Class B common stock, respectively, regarding the election of the persons named below as directors for a one-year term were as follows:

 

CLASS A DIRECTOR NOMINEE  For   Withheld   Broker Non-Votes 
David S. Coors   5,102,542    2,313    11,247 
Peter J. Coors   5,102,539    2,316    11,247 
Mary Lynn Ferguson-McHugh   5,103,158    1,697    11,247 
Gavin D.K. Hattersley   5,103,282    1,573    11,247 
Andrew T. Molson   5,102,553    2,302    11,247 
Geoffrey E. Molson   5,102,557    2,298    11,247 
Nessa O'Sullivan   5,103,056    1,799    11,247 
H. Sanford Riley   5,103,153    1,702    11,247 
Jill Timm   5,103,076    1,779    11,247 
Leroy J. Williams, Jr.   5,103,087    1,768    11,247 
James “Sandy” A. Winnefeld, Jr.   5,103,074    1,781    11,247 

 

CLASS B DIRECTOR NOMINEE  For   Withheld   Broker Non-Votes 
Christian P. Cocks   162,785,571    4,052,621    - 
Roger G. Eaton   132,267,851    34,570,341    - 
Charles M. Herington   154,431,671    12,406,521    - 

 

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Proposal 2:

 

Votes of the Company’s Class A and Class B common stock, together as a single class, regarding the approval, in a non-binding advisory vote, of the compensation of the Company’s named executive officers were as follows:

 

For   Against   Abstain   Broker Non-Votes 
 167,356,874    4,390,706    195,467    11,247 

 

Proposal 3:

 

Votes of the Company’s Class A common stock regarding the approval of the Amendment and Restatement of the Molson Coors Beverage Company Incentive Compensation Plan were as follows:

 

For   Against   Abstain   Broker Non-Votes 
 5,102,202    2,116    537    11,247 

 

Proposal 4:

 

Votes of the Company’s Class A common stock regarding the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 were as follows:

 

For   Against   Abstain   Broker Non-Votes 
 5,115,830    66    206    n/a 

 

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Item 9.01Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit

Number

  Document Description
10.1  Molson Coors Beverage Company Incentive Compensation Plan, as amended and restated.
104  Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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Signature

 

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.

 

      MOLSON COORS BEVERAGE COMPANY
       
Date: May 16, 2025 By: /s/ Natalie G. Maciolek
      Natalie G. Maciolek
      Chief Legal & Government Affairs Officer and Secretary

 

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