Business Context and Reporting Period
This Form 8-K filing by Molson Coors Brewing Company reports on the results of the annual meeting of stockholders held on May 25, 2011, in Montreal, Quebec, Canada. The filing was submitted on June 1, 2011.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Election of Directors:
- Class A Directors: All 11 nominees were elected. Votes ranged from approximately 5.07 million to 5.10 million "For" votes. Broker non-votes totaled 11,495 for each Class A nominee.
- Class B Directors: All 3 nominees were elected. Votes ranged from approximately 134.36 million to 134.87 million "For" votes. There were no broker non-votes for Class B directors.
- Ratification of Auditors: Stockholders ratified the appointment of PricewaterhouseCoopers as the independent registered public accounting firm for the fiscal year ending December 31, 2011. The vote was 5,118,068 "For," 0 "Against," and 452 "Abstain."
- Executive Compensation (Say-on-Pay): Stockholders approved, on an advisory basis, the compensation of named executive officers. The vote was 5,106,409 "For," 614 "Against," and 2 "Abstain."
- Frequency of Say-on-Pay Vote: Stockholders approved, on an advisory basis, holding the advisory vote on executive compensation every 3 years. The vote was 5,074,105 for 3 years, 32,576 for 1 year, 138 for 2 years, and 206 "Abstain."
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Important Facts for Investors to Verify
- Confirmation that all Class A and Class B director nominees were successfully elected.
- Verification that PricewaterhouseCoopers was ratified as the independent auditor for the 2011 fiscal year.
- Confirmation that the advisory vote on executive compensation frequency was set to occur every 3 years.
- Review of the specific number of withheld votes for Class A directors, which ranged from 336 to 31,262.