Molson Coors Beverage Co
14 nominees · 3 ballot items.
Elect 14 directors (11 Class A and 3 Class B); advisory approval of named executive officer compensation (say-on-pay); and ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year 2026.
Follow how the vote landed and what changed on Molson Coors Beverage Co’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
On the ballot3
- 1
Election of Directors
ManagementBoard: FORElection of 14 director nominees (11 Class A nominees and 3 Class B nominees) to the Board.
- 2
Advisory Vote to Approve Named Executive Officer Compensation (Say-on-Pay
ManagementBoard: FORNon-binding, advisory vote to approve the compensation of the Company's named executive officers as disclosed in the proxy statement.
More detail
This management proposal asks stockholders to cast a non-binding, advisory vote approving the Company’s disclosed named executive officer (NEO) compensation package. Management seeks stockholder endorsement to validate its pay-for-performance framework, which combines short-term MCIP incentives tied to Underlying Income Before Income Taxes, Underlying Free Cash Flow and Underlying Net Sales Revenue, with long-term incentives (PSUs, RSUs and options) tied to multi-year earnings and Relative TSR. The Compensation & HR Committee retained an independent consultant, used a peer group for benchmarking, and implemented clawback and ownership guidelines to align interests with stockholders. The context includes a 2025 CEO transition, retention awards tied to leadership continuity, and mixed operative results (low annual MCIP payout but above-target PSU outcomes for the three‑year period), which management argues justify the overall program design. The Board recommends a FOR vote, stating that the program appropriately balances short- and long-term incentives, ties pay to key operational metrics and shareholder returns, and supports retention through a leadership transition. Key governance features referenced by the Board include annual advisory votes, independent committee oversight, a majority-independent board, and explicit disclosure of performance outcomes in the CD&A. A vote FOR is advisory only; the Board will consider the outcome when shaping future compensation but is not bound to it. From an investor-analytic perspective, the proposal should be evaluated on whether the disclosed metrics, payout outcomes, governance safeguards, and extraordinary awards (e.g., retention or sign-on RSUs tied to CEO transition) deliver alignment with long-term shareholder value without encouraging undue risk-taking.
- 3
Ratify Appointment of Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2026
ManagementBoard: FORRatification of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2026.
Nominees on the ballot14
Top institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | DODGE COX | 10.4% | 18,523,049 | $798M |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 6.0% | 10,627,366 | $458M |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5.1% | 9,041,848 | $389M |
| 4 | STATE STREET CORP | 4.9% | 8,750,039 | $377M |
| 5 | DIMENSIONAL FUND ADVISORS LP | 4.5% | 7,949,583 | $342M |
| 6 | LSV ASSET MANAGEMENT | 3.3% | 5,921,078 | $255M |
| 7 | BlackRock, Inc. | 2.9% | 5,131,904 | $221M |
| 8 | AQR CAPITAL MANAGEMENT LLC | 2.6% | 4,690,755 | $202M |
| 9 | Invesco Ltd. | 2.6% | 4,683,070 | $202M |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 2.3% | 4,050,503 | $174M |
Other Consumer Defensive sector meetings6
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Frequently asked questions
- When is the Molson Coors Beverage Co 2026 annual meeting?
- Molson Coors Beverage Co (TAP) holds its 2026 annual shareholder meeting on Wednesday, May 6, 2026.
- What is the record date for the Molson Coors Beverage Co 2026 meeting?
- The record date for the Molson Coors Beverage Co 2026 meeting is Friday, March 13, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Molson Coors Beverage Co's 2026 meeting?
- The board is presenting 14 director nominees at the Molson Coors Beverage Co 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Molson Coors Beverage Co 2026 meeting?
- Shareholders will vote on 3 proposals at the Molson Coors Beverage Co 2026 meeting, each tagged with who proposed it and the board's recommendation.
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