FEMSA completes $260M buyback, starts new ASR

FEMSA is expanding its share repurchase program using accelerated share repurchase (ASR) structures.

Rhea-AI Filing Summary

FEMSA is expanding its share repurchase program using accelerated share repurchase (ASR) structures. The company completed an ASR first announced in December 2025, repurchasing approximately 2.5 million American Depositary Shares (ADSs) at an average price of $104.41 per ADS, for a total of USD $260 million, with final settlement expected on March 23 and 24, 2026.

FEMSA also entered a new ASR with a different U.S. financial institution to repurchase up to USD $300 million of its ADSs. This new agreement includes an initial delivery of 591,774 ADSs in March 2026, with final settlement expected in the second quarter of 2026 based on the daily volume‑weighted average price less a discount.

Insights

Capital allocation analyst

FEMSA completes a $260M ADS buyback and commits up to $300M more via a new ASR.

FEMSA is using accelerated share repurchase agreements to return cash to shareholders and reduce its ADS float. It finished an earlier ASR totaling about 2.5 million ADSs for USD $260 million at an average price of $104.41 per ADS.

The company has also signed a new ASR with a different U.S. financial institution for up to USD $300 million of ADSs. The bank will initially deliver 591,774 ADSs, with the final share count tied to the volume‑weighted average price of FEMSA’s ADSs during the agreement, less a discount.

The new ASR’s final settlement is expected in the second quarter of 2026. Actual capital returned and share reduction will depend on trading volumes and pricing over the ASR term, which will become clearer once the final settlement terms are disclosed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What share repurchase did FEMSA (FMX) just complete?

FEMSA completed an accelerated share repurchase totaling approximately 2.5 million ADSs for USD $260 million. The average price paid was $104.41 per ADS, with final settlement and delivery expected on March 23 and 24, 2026.

What is included in FEMSA's new accelerated share repurchase agreement?

FEMSA entered a new ASR with a U.S. financial institution to repurchase up to USD $300 million of its ADSs. The agreement initially delivers 591,774 ADSs, with the final number based on the volume‑weighted average price less a discount.

When will FEMSA’s new ASR agreement be finally settled?

FEMSA expects the final settlement of the new accelerated share repurchase agreement to be completed in the second quarter of 2026. The ultimate ADS amount depends on the daily volume‑weighted average price during the agreement’s term.

At what price did FEMSA repurchase ADSs in the completed ASR?

In the completed accelerated share repurchase, FEMSA bought approximately 2.5 million ADSs at an average price of $104.41 per ADS. The total cash outlay under this ASR was USD $260 million, excluding the separate new ASR.

How much capital is FEMSA deploying across these ASR programs?

FEMSA has already deployed USD $260 million through a completed ASR and committed to repurchasing up to an additional USD $300 million of ADSs under a new ASR, signaling substantial ongoing capital return via buybacks.

What type of instrument is FEMSA using for its share repurchases?

FEMSA is using accelerated share repurchase (ASR) agreements with financial institutions. These derivative instruments allow the company to receive ADSs up front, with the final share count adjusted later based on volume‑weighted average prices and a negotiated discount.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/23/2026 - 09:00 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

.

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.

(Exact name of Registrant as specified in its charter)

Mexican Economic Development, Inc.

(Translation of Registrant’s name into English)

United Mexican States

(Jurisdiction of incorporation or organization)

General Anaya No. 601 Pte.
Colonia Bella Vista
Monterrey, Nuevo León 64410
México

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports

under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as

permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as

permitted by Regulation S-T Rule 101(b)(7): ☐

Indicate by check mark whether by furnishing the information contained in this

Form, the registrant is also thereby furnishing the information to the

Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

             Yes ☐ No ☒

If "Yes" is marked, indicate below the file number assigned to the registrant in

connection with Rule 12g3-2(b): 82- ☐

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the

registrant has duly caused this report to be signed on its behalf of the

undersigned, thereunto duly authorized.

                            .

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.

By: /s/ Martin Felipe Arias Yaniz

Martin Felipe Arias Yaniz

Director of Finance and Corporate Development

Date: March, 23, 2026

FEMSA Completes Accelerated Share Repurchase Agreement, and Announces New Agreement

Monterrey, Mexico, March 23, 2026 — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD) today announces the completion of the derivative instrument known as accelerated share repurchase (“ASR”) that was first announced in December 2025. The Company repurchased a total of approximately 2.5 million American Depositary Shares (“ADSs”) [1] of the Company at an average price of $104.41 per ADS, for a total amount of USD $260 million, with the final settlement and delivery expected on March 23 and 24, 2026.

Additionally, the Company today announces that it has entered a new ASR with a different financial institution in the United States of America to repurchase the Company’s shares through the acquisition of ADSs. Under the terms of this new ASR agreement. FEMSA has agreed to repurchase from such financial institution an aggregate amount of up to USD $300 million of its ADSs. The ASR contemplates an initial delivery of 591,774 ADSs on March 2026.

The total number of shares ultimately repurchased under the new ASR agreement will be based on the daily volume-weighted average price of the Company’s ADSs during the term of the agreement, less a discount. The final settlement of the new ASR agreement is expected to be completed in the second quarter of 2026.

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About FEMSA

FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Spin, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the Dow Jones Best-in-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes.

[1] ADS underlying units consist of FEMSA’s BD Units, each representing one Series B Share, two Series D-B Shares and two Series D-L Shares, without par value.

Investor Contact (52) 818-328-6000 investor@femsa.com.mx femsa.gcs-web.com Media Contact (52) 555-249-6843 comunicacion@femsa.com.mx femsa.com March 23, 2026  | Page 1

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