Molson Coors Beverage Company (“MCBC”) has two classes of common stock – Class A and Class B – each of which is listed on the New York Stock Exchange (“NYSE”) under the symbols "TAP A" and "TAP," respectively. However, the MCBC Class B common stock (NYSE: TAP) predominantly has the higher trading volume.
In addition, the Class A exchangeable shares and Class B exchangeable shares of MCBC’s indirect subsidiary, Molson Coors Canada Inc. (“MCCI”), trade on the Toronto Stock Exchange (“TSX”) under the symbols "TPX.A" and "TPX.B," respectively.
You can purchase MCBC shares through a broker or use Molson Coors’ shareholder services and transfer agent, Computershare Trust Company, N.A., which offers a direct stock purchase program. To enroll with Computershare and get information about purchasing MCBC stock, please contact them at www.computershare.com/directstock.
Disclaimer: By clicking on the link above, the viewer understands this communication does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful. Further, by clicking on this link, the viewer understands that he or she will exit the Molson Coors Beverage Company site and enter a site of Computershare Trust Company, N.A. or its vendor.
The DirectStock program is offered and administered by Computershare Trust Company, N.A. This Program is not sponsored or administered by Molson Coors Beverage Company. The hypertext links to information about the DirectStock program are maintained by Computershare Trust Company, N.A., and Molson Coors Beverage Company is not responsible for that site's content.
MCBC is able to issue physical stock certificates through its transfer agent, Computershare Trust Company, N.A, for an additional fee. For more information, please contact Computershare using the information below.
Telephone: 877-373-6374 (toll free) 781-575-4593 (International) Website: computershare.com/investor
Yes, as noted above, MCBC has Class A common stock and Class B common stock traded on the NYSE. In addition, MCBC’s indirect subsidiary, MCCI, has Class A exchangeable shares and Class B exchangeable shares traded on the TSX. The exchangeable shares were issued to certain shareholders by MCCI in connection with the February 2005 merger of Molson Inc. with and into Adolph Coors Company. As discussed further below, the exchangeable shares may, subject to certain terms and conditions, be exchanged for MCBC shares of Class A common stock or Class B common stock, respectively.
The primary difference between the classes of Molson Coors’ stock is the voting rights. The Class A common stock and Class B common stock are generally the same in all respects except for their voting rights and as otherwise provided in the MCBC Restated Certificate of Incorporation (the “Incorporation Certificate”). Further, until exchanged, the exchangeable shares are intended to be provided substantially the same economic and voting rights as MCBC’s Class A common stock and Class B common stock into which they may be exchanged. The exchangeable shares have voting rights through special voting shares held by a trustee.
In general, the holders of the Class B common stock and the Special Class B voting stock (as instructed by the holders of the Class B exchangeable shares) have limited voting rights and may only vote with respect to the following: (i) any matter required by the Delaware General Corporation Law, as amended; (ii) for the election of up to three Class B directors; and (iii) as provided in the Incorporation Certificate, including with respect to Molson Coors’ advisory say-on-pay vote. In all other cases, the right to vote is vested exclusively with the holders of the Class A common stock and the Special Class A voting stock (as instructed by the holders of Class A exchangeable shares).
The foregoing description of the Molson Coors’ capital stock not purport to be complete and is qualified in its entirety by reference to the full text of the Description of Registrant's Securities, a copy of which is an exhibit to the Molson Coors’ Annual Report on Form 10-K filed with the Securities & Exchange Commission.
The transfer agent and registrar for Molson Coors’ Class A Common Stock and Class B Common Stock is Computershare Trust Company, N.A. The transfer agent and registrar for Molson Coors Class A Exchangeable Shares and Class B Exchangeable Shares is AST Trust Company.
Computershare’s contact information is as follows: Telephone: 877-373-6374 (Toll free) 781-575-4593 (International) Website: computershare.com/investor
AST’s contact information is as follows: Telephone: 800-387-0825 (Canada and United States (English & French)) 416-682-3860 (Outside North America) Website: astfinancial.com/ca
Molson Coors’ registrar and transfer agent, Computershare Trust Company, N.A. for US investors or AST Trust Company for Canadian investors, can assist with exchanging shares. You can find the contact information for Molson Coors’ U.S. and Canadian transfer agents above.
Stockholders of Record
Beneficial Owners If your shares are held in a brokerage account or by a bank, you are considered a beneficial owner of those shares.
Class A common stock: CUSIP number 60871R100 Class B common stock: CUSIP number 60871R209 Class A exchangeable shares: CUSIP number 608711107 Class A exchangeable shares: CUSIP number 608711206
Molson Coors Brewing Company changed its name to Molson Coors Beverage Company in connection with the implementation of the Company’s revitalization plan announced in October 2019. For more detail on the Company’s revitalization plan, please follow the link.
Molson Coors’ annual meeting is held on such date and at such time and place as may be designated by the Molson Coors’ Board of Directors. The annual meeting has historically been held in May. We provide the specific date, time and location for each year’s meeting in Molson Coors’ annual proxy statement. If you would like to attend the annual meeting, you must have been a stockholder of record on the applicable record date and comply with any required admission procedures. The proxy statement filed in connection with the meeting will typically provide information on obtaining an admission ticket.
For current stockholders, the Notice of Annual Meeting, Proxy Statement and Molson Coors’ Annual Report are available at www.proxyvote.com. You may need the 16-digit control number printed in the box marked by the arrow located on the proxy card or as provided in the Notice of Internet Availability of Proxy Materials. Instead of receiving future copies of these documents by mail, stockholders of record and most beneficial owners can elect to receive an e-mail that will provide electronic links to these documents. Opting to receive your proxy materials online will reduce the impact on the environment and save us the cost of producing and mailing documents to your home or business, and also will give you an electronic link to the proxy voting site.
Stockholders of Record (including Owners of Record of Exchangeable Shares) If you submit proxy/voting instructions via the Internet at www.proxyvote.com, simply follow the prompts for enrolling in the electronic proxy delivery service.
Beneficial Owners If you hold your shares in a bank or brokerage account, you also may have the opportunity to receive copies of these documents electronically. Please check the information provided in the proxy materials mailed to you by your Broker regarding the availability of this service.
Any future dividend, amount of dividend, and timing of dividend are subject to approval by the Molson Coors’ Board of Directors.
Molson Coors has a long history of paying a dividend on its stock. However, in response to the global economic uncertainty created by the coronavirus pandemic the Molson Coors’ Board of Directors suspended its regular quarterly dividends on its Class A and Class B common and exchangeable shares in May 2020 through Q2 2021.
On July 15, 2021, the Board of Directors made the decision to reinstate a dividend in Q3 2021. The Board set the dividend at a level that it felt was sustainable and provided the opportunity to increase over time as the operating performance of the company improves.