MOLSON COORS BREWING COMPANY (NYSE:TAP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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MOLSON COORS BREWING COMPANY (NYSE:TAP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

As previously disclosed, on November 17, 2016, the Board of
Directors of Molson Coors Brewing Company (the Company) appointed
Tracey Joubert as the Companys Chief Financial Officer.
On November 22, 2016, the Company and Ms. Joubert executed an
offer letter (the Offer Letter). The material terms of the Offer
Letter include: (i) an annual base salary of $650,000; (ii)
eligibility to earn an annual cash bonus targeted at 75% of base
salary; (iv) eligibility to receive annual grants of equity
awards at a current annual target of $1 million; and (v) certain
relocation assistance to move to the Companys Denver, Colorado
headquarters.
Ms. Joubert will also be eligible to participate in the Companys
benefit plans, including the Severance Pay Plan. The Offer Letter
also provides for vacation, life insurance and executive
financial planning benefits. Ms. Joubert will be required to sign
a non-compete and confidentiality agreement.
The foregoing description of Ms. Jouberts Offer Letter is
qualified in its entirety by reference to Ms. Jouberts Offer
Letter, a copy of which is attached as Exhibit 10.1 hereto, and
is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
10.1
Offer Letter between Tracey Joubert and Molson Coors
Brewing Company
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About MOLSON COORS BREWING COMPANY> (NYSE:TAP)

Molson Coors Brewing Company (MCBC) is a holding company that operates as a brewer. The Company has a portfolio of brands, including Carling, Coors Light, Molson Canadian and Staropramen, as well as craft and specialty beers, such as Blue Moon, Creemore Springs, Cobra and Doom Bar. The Company operates through four segments: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S. segment); Molson Coors Europe (Europe segment), and Molson Coors International (MCI). Its Canada segment consists of production, marketing and sales of its brands, including core brands Coors Light and the Molson brand family, as well as Carling, Coors Banquet, Rickard’s and other owned and licensed brands in Canada. Its United States segment holds interest in MillerCoors, its joint venture with SABMiller for the United States operations. Its MCI segment includes Latin America, Asia, Europe and Australia.

MOLSON COORS BREWING COMPANY> (NYSE:TAP) Recent Trading Information

MOLSON COORS BREWING COMPANY> (NYSE:TAP) closed its last trading session down -1.09 at 98.89 with 1,222,197 shares trading hands.