Business Context and Reporting Period
This Form 8-K Current Report was filed by Molson Coors Brewing Company on June 21, 2007. The filing addresses Item 8.01 (Other Events) and serves to provide full disclosure of the grant date fair value of equity awards granted to Named Executive Officers in 2006, which were recognized in accordance with SFAS 123R for the fiscal year ended December 31, 2006.
Key Financial Metrics
The filing does not provide aggregate revenue, profit, cash flow, margin, debt, or liquidity metrics. It exclusively details the specific fair value of equity compensation awards for individual executives.
| Executive | Award Type | Grant Date | Fair Value ($) |
|---|---|---|---|
| Leo Kiely | Performance Shares | 3/16/06 | 4,148,400 |
| Leo Kiely | Restricted Shares | 3/16/06 | 553,120 |
| Leo Kiely | Stock Options | 3/16/06 | 1,474,914 |
| Timothy V. Wolf | Performance Shares | 3/16/06 | 1,237,606 |
| Timothy V. Wolf | Restricted Shares | 3/16/06 | 228,162 |
| Timothy V. Wolf | Stock Options | 3/16/06 | 567,274 |
| Peter H. Coors | Performance Shares | 5/18/06 | 2,613,200 |
| Peter H. Coors | Restricted Shares | 5/18/06 | 359,315 |
| Peter H. Coors | Stock Options | 5/18/06 | 964,862 |
| Frits van Paasschen | Performance Shares | 3/16/06 | 1,237,606 |
| Frits van Paasschen | Restricted Shares | 3/16/06 | 207,420 |
| Frits van Paasschen | Stock Options | 3/16/06 | 521,893 |
| Frits van Paasschen | Restricted Shares | 3/21/06 | 1,165,526 |
| Frits van Paasschen | LOSAR | 3/21/06 | 322,500 |
| Peter Swinburn | Performance Shares | 3/16/06 | 1,237,606 |
| Peter Swinburn | Restricted Shares | 3/16/06 | 207,420 |
| Peter Swinburn | Stock Options | 3/16/06 | 521,893 |
| Kevin T. Boyce | Performance Shares | 3/16/06 | 1,237,606 |
| Kevin T. Boyce | Restricted Shares | 3/16/06 | 207,420 |
| Kevin T. Boyce | Stock Options | 3/16/06 | 453,820 |
Material Changes
This filing does not report material changes in financial performance or operations compared to prior periods. It clarifies data previously disclosed in the Proxy Statement filed on April 11, 2007, by providing the full grant date fair value for 2006 equity awards.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies. The document is strictly a disclosure of historical compensation data.
Key Facts for Investor Verification
- Verify the total equity compensation expense recognized for 2006 in the company's audited financial statements against the sum of the fair values listed in this report.
- Confirm that the grant dates and award types listed here match the "Grants of Plan Based Awards for 2006" table in the April 11, 2007 Proxy Statement.
- Note that Frits van Paasschen received a unique award type (LOSAR) not listed for other executives in this specific table.