Boston Beer Co. Reports Executive Compensation & Leadership Changes

Ticker: SAM · Form: 8-K · Filed: 2024-02-22T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, compensation, corporate-governance

TL;DR

**Boston Beer Co. is shaking up executive pay and leadership, watch for details!**

AI Summary

The Boston Beer Company, Inc. filed an 8-K on February 22, 2024, reporting an event that occurred on February 16, 2024. The filing pertains to changes in compensatory arrangements for certain officers, as well as potential departures or elections of directors and appointments of officers. This indicates a restructuring or review of executive compensation and leadership roles within the company.

Why It Matters

This filing signals potential shifts in the company's leadership and executive compensation structure, which could impact future strategic decisions and financial performance.

Risk Assessment

Risk Level: medium — Changes in executive compensation and leadership can introduce uncertainty regarding future company direction and stability.

Key Players & Entities

The Boston Beer Company, Inc. (company) — Registrant
February 16, 2024 (date) — Date of earliest event reported
February 22, 2024 (date) — Filing date
001-14092 (other) — Commission File Number
04-3284048 (other) — IRS Employer Identification No.

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on February 16, 2024.

When was this 8-K filed with the SEC?

This 8-K was filed with the SEC on February 22, 2024.

What specific items are covered in this 8-K filing?

The 8-K covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.

What is the full legal name of the company filing this 8-K?

The full legal name of the company filing this 8-K is The Boston Beer Company, Inc.

What is the Commission File Number for The Boston Beer Company, Inc.?

The Commission File Number for The Boston Beer Company, Inc. is 001-14092.

Filing Stats: 2,833 words · 11 min read · ~9 pages · Grade level 11.2 · Accepted 2024-02-22 16:05:12

Key Financial Figures

$0.01 — hich registered Class A Common Stock. $0.01 par value SAM The New York Stock Ex
$0 — fficer's 2023 bonus payout to as low as $0 if the Officer was deemed to have perfo
$1,032,605 — nuses for our Named Executive Officers: $1,032,605 to Mr. Burwick; $111,000 for Mr. Reynos
$111,000 — ve Officers: $1,032,605 to Mr. Burwick; $111,000 for Mr. Reynoso; $189,850 for Mr. Murph
$189,850 — Mr. Burwick; $111,000 for Mr. Reynoso; $189,850 for Mr. Murphy; $214,500 for Mr. Hodges
$214,500 — r Mr. Reynoso; $189,850 for Mr. Murphy; $214,500 for Mr. Hodges; $432,000 for Mr. Geist;
$432,000 — or Mr. Murphy; $214,500 for Mr. Hodges; $432,000 for Mr. Geist; and $332,500 for Ms. Lys
$332,500 — Mr. Hodges; $432,000 for Mr. Geist; and $332,500 for Ms. Lysyj. These bonuses are schedu
$860,503 — for our Named Executive Officers of: $860,503 for Mr. Burwick, no change from his 202
$624,000 — no change from his 2023 base salary; $624,000 for Mr. Reynoso, a 4% increase from his
$393,756 — % increase from his 2023 base salary; $393,756 for Mr. Murphy, a 3% increase from his
$633,450 — % increase from his 2023 base salary. $633,450 for Mr. Hodges, a 3% increase from his
$545,432 — crease from his 2023 base salary; and $545,432 for Ms. Lysyj, a 3% increase from her 2
$608,650 — ary in his Senior Sales Advisor role is $608,650, unchanged from his 2023 base salary. H

Filing Documents

sam-20240216.htm (8-K) — 88KB
0000950170-24-018746.txt ( ) — 205KB
sam-20240216.xsd (EX-101.SCH) — 24KB
sam-20240216_htm.xml (XML) — 5KB

SIGNATURES

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 by the undersigned hereunto duly authorized. The Boston Beer Beer Company, Inc. Date: February 22, 2024 By: /s/ David A. Burwick Name: David A. Burwick Title: President & Chief Executive Officer