Business Context and Reporting Period
This Form 8-K is a current report filed by Molson Coors Brewing Company on June 1, 2009, regarding events occurring on June 2, 2009. The filing addresses a significant personnel change within the company's wholly-owned subsidiary, Molson Canada Inc.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly limited to corporate governance and personnel matters.
Material Changes
The primary material change reported is the departure of Kevin T. Boyce, President and Chief Executive Officer of Molson Canada Inc. Mr. Boyce's departure is effective June 5, 2009.
Guidance, Outlook, and Management Commentary
There is no financial guidance, outlook, or general management commentary included in this filing. Regarding the executive departure, the company notes that Mr. Boyce will receive payments and benefits as previously described in the Company's Form 8-K filed on February 21, 2008. No new risks or contingencies were disclosed in this specific report.
Investor Verification Checklist
- Verify the specific terms of the compensation package for Kevin T. Boyce by reviewing the Form 8-K filed on February 21, 2008.
- Confirm the appointment of a successor to the role of President and CEO of Molson Canada Inc.
- Review the press release dated June 2, 2009 (Exhibit 99.1) for additional context on the leadership transition.