# EDGAR Filing Document

**Accession Number:** 0000024545
**File Stem:** 0001104659-25-100648
**Filing Date:** 2025-10
**Character Count:** 14264
**Document Hash:** 0116fc4b00fc02155ba9e99d5eb4f7e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-100648.hdr.sgml**: 20251020

**ACCESSION NUMBER**: 0001104659-25-100648

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251020

**ITEM INFORMATION**: Cost Associated with Exit or Disposal Activities

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251020

**DATE AS OF CHANGE**: 20251020

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MOLSON COORS BEVERAGE CO
- **CENTRAL INDEX KEY:** 0000024545
- **STANDARD INDUSTRIAL CLASSIFICATION:** MALT BEVERAGES [2082]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 840178360
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14829
- **FILM NUMBER:** 251402430

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 4030
- **STREET 2:** BC555
- **CITY:** GOLDEN
- **STATE:** CO
- **ZIP:** 80401
- **BUSINESS PHONE:** 303-279-6565

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 4030
- **STREET 2:** BC555
- **CITY:** GOLDEN
- **STATE:** CO
- **ZIP:** 80401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MOLSON COORS BREWING CO
- **DATE OF NAME CHANGE:** 20050208

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COORS ADOLPH CO
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 8-K**

**Current Report**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **October 20, 2025**

**MOLSON COORS BEVERAGE COMPANY**

(Exact name of registrant as specified in its charter)

**Commission File Number: 001-14829**

---

| | |
|:---|:---|
| **Delaware** | **84-0178360** |
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |

---

**P.O. Box 4030, BC555, Golden, Colorado 80401**

**111 Boulevard Robert-Bourassa, 9th Floor, Montréal, Québec, Canada H3C 2M1**

(Address of principal executive offices, including zip code)

**(303) 279-6565 / (514) 521-1786**

(Registrant's telephone number, including area code)

**Not applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading symbols | Name of each exchange on which registered |
| Class A Common Stock, par value $0.01 | TAP.A | New York Stock Exchange |
| Class B Common Stock, par value $0.01 | TAP | New York Stock Exchange |
| 3.800% Senior Notes due 2032 | TAP 32 | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**Item 2.05. Costs Associated with Exit or Disposal Activities.**

On October 20, 2025, Molson Coors Beverage Company (the "Company") announced a corporate restructuring plan designed to create a leaner, more agile Americas organization while advancing its ability to reinvest in the business and position the Company for future growth. The restructuring involves the planned elimination of approximately 400 salaried positions across the Company's Americas business by the end of December 2025, estimated at approximately 9% of its Americas business salaried workforce, including hundreds of salaried positions that were already open from role prioritization efforts put in place earlier this year and those who may be granted voluntary severance as part of this restructuring.

In connection with the corporate restructuring, the Company currently expects to incur certain restructuring charges, which are expected to be primarily cash charges, in the range of $35 million to $50 million. Substantially all of the charges are expected to be related to severance payments and post-employment benefits to be incurred in the fourth quarter of 2025. Of the estimated aggregate amount of charges, the Company expects that approximately $35 million to $50 million will be in future cash expenditures to be made over the next twelve months. These one-time costs will vary based on specific employee elections during the workforce reduction.

The estimates of the charges and expenditures that the Company expects to incur, and the timing thereof, are subject to a number of assumptions, and actual amounts may differ materially from estimates. In addition, the Company may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur in connection with the corporate restructuring.

**Item 7.01. Regulation FD Disclosure.**

A copy of the Company's news release dated October 20, 2025, regarding the corporate restructuring is attached hereto as Exhibit 99.1 and is hereby incorporated into this Item 7.01 by reference.

The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Forward-Looking Statements.**

Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's historical experience, and present projections and expectations include, but are not limited to, the potential for increased restructuring costs or difficulty retaining key employees due to the restructuring; and other risk factors described from time to time in the Company's filing with the Securities and Exchange Commission, including the Company's most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q. All forward-looking statements in this Current Report on Form 8-K are expressly qualified by such cautionary statements and by reference to the underlying assumptions. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit <br> Number** | **Document Description** |
| [99.1](tm2529052d1_ex99-1.htm) | [News Release of Molson Coors Beverage Company dated October 20, 2025](tm2529052d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**Signature**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | **MOLSON COORS BEVERAGE COMPANY** |
| Date: | October 20, 2025 | By: | /s/ Natalie G. Maciolek |
|  |  |  | Natalie G. Maciolek |
|  |  |  | Chief Legal, Communications & Government Affairs Officer and Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

**MOLSON COORS BEVERAGE COMPANY ANNOUNCES CORPORATE RESTRUCTURING OF AMERICAS BUSINESS UNIT**<br> *The company aims to create a leaner, faster organization, eliminating approximately 400 salaried positions across its Americas business by the end of 2025*

**CHICAGO, <u>OCTOBER 20, 2025</u> – Molson Coors Beverage Company ("Molson Coors" or "the company") (NYSE: TAP, TAP.A)** today announced a corporate restructuring plan, designed to create a leaner, more agile Americas organization while advancing its ability to reinvest in the business and position the company for future growth.

In total, the company plans to eliminate approximately 400 salaried positions across its Americas business by the end of December 2025 - including hundreds of salaried positions that were already open from role prioritization efforts put in place earlier this year, and those who may be granted voluntary severance as part of this restructuring. The plan is estimated to result in the reduction of approximately 9% of the company's Americas business salaried workforce.

"We've made progress on our transformation journey, but given the environment, we must transform even faster. To win with our customers and consumers and return to growth, we must move with urgency and make bolder decisions," said President and Chief Executive Officer Rahul Goyal. "We are moving quickly and intentionally on a long-term, achievable strategy that continues our journey to become a total beverage company and that we believe puts us on the path to sustainable growth. We look forward to sharing more detail on this strategy in the coming months."

The restructuring aims to enhance Molson Coors' ability to reinvest in its business, including its priority brands and must-win initiatives. As part of the plan, Molson Coors is focused on putting the right level of resources closer to its consumers and customers as it pursues a return to growth, concentrating on both its beer portfolio and its expansion into adjacent categories, such as premium mixers, non-alcohol beverages and energy drinks.

In connection with the restructuring, the Company currently expects to incur certain related charges in the range of $35 million to $50 million, substantially all of which relate to primarily cash severance payments and post-employment benefits to be incurred in the fourth quarter of 2025. These cash payments are expected to be made over the next twelve months. These one-time costs will vary based on specific employee elections during the workforce reduction.

"These are never easy decisions, and I am grateful to those who will be departing for their many contributions and to those who will continue to guide us on our journey toward growth," Rahul added.

**OVERVIEW OF MOLSON COORS BEVERAGE COMPANY**

For more than two centuries, we have brewed beverages that unite people to celebrate all of life's moments. From our core power brands *Coors Light*, *Miller Lite*, *Coors Banquet*, *Molson Canadian*, *Carling* and *Ožujsko* to our above premium brands including *Madrí Excepcional*, *Staropramen*, *Blue Moon Belgian White* and *Leinenkugel's Summer Shandy*, to our economy and value brands like *Miller High Life* and *Keystone Light*, we produce many beloved and iconic beers. While our Company's history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like *Vizzy Hard Seltzer*, spirits like *Five Trail* whiskey and non-alcoholic beverages. We also have partner brands, such as *Simply Spiked*, *ZOA Energy*, and *Fever-Tree*, among others, through license, distribution, partnership and joint venture agreements. As a business, our ambition is to be the first choice for our people, our consumers and our customers, with a wide range of products available to meet a wide range of consumer segments and occasions.

To learn more about Molson Coors Beverage Company, visit molsoncoors.com.

**ABOUT MOLSON COORS CANADA INC.**

Molson Coors Canada Inc. ("MCCI") is a subsidiary of Molson Coors Beverage Company. MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of MCBC, as described in MCBC's annual proxy statement and Form 10-K filings with the U.S. Securities and Exchange Commission. The trustee holder of the special Class A voting stock and the special Class B voting stock has the right to cast a number of votes equal to the number of then outstanding Class A exchangeable shares and Class B exchangeable shares, respectively.

**FORWARD-LOOKING STATEMENTS**

Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's historical experience, and present projections and expectations include, but are not limited to, the potential for increased restructuring costs or difficulty retaining key employees due to the restructuring, and the other risk factors described in the Company's filings with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We do not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.