At 6:00 PM on the Friday, beginning the summer holiday weekend, we impulsively typed “free beer” in the search box of our EDGAR Pro application. Surprise! Guess which beer manufacturer decided to amend certain postretirement benefits, specifically the amount of free beer the former employees could enjoy?
- Anheuser-Busch Inbev S.A.
- Beer Across America
- United Breweries Company
- Boston Beer Company
- Molson Coors Brewing
Check your answers!
We extend our condolences to the retirees of company 5. Molson Coors Brewing. Be careful the next time you say Beer Me! You might have to pay.
Here’s how you can find this and other type of employee benefit information if you have an EDGAR Pro or I-Metrix subscription (or want to try a 7-day free trial).
At the EDGAR Pro Search Tab, we entered “free beer” for a Full Text Search. We narrowed our results by choosing Annual Reports and Quarterly Reports (See image below), and then clicked to Search again.
We clicked on HTML view icon, highlighted in yellow, getting excited about our search for “free beer”.
But alas, when we opened the Molson Coors Brewing Co. 10-Q, the search feature took us to where the phrase “free beer” appears in the SEC filing. Sad to say, the company’s Canadian retirees will no longer be compensated in liquid assets.
Cheers!
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