Boston Beer Co. Files 8-K on Director Changes & Compensation
Ticker: SAM · Form: 8-K · Filed: 2024-07-31T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: SAM
TL;DR
SAM board shakeup and comp changes filed. Watch for strategic shifts.
AI Summary
On July 29, 2024, The Boston Beer Company, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing indicates a shift in corporate governance and potential adjustments to how key personnel are compensated.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial priorities that may impact shareholder value.
Risk Assessment
Risk Level: medium — Changes in executive and director roles, along with compensation adjustments, can introduce uncertainty regarding future company strategy and performance.
Key Numbers
- 0000950170-24-088590 — Accession Number (Unique identifier for the filing)
- 20240731 — Filing Date (Date the report was filed with the SEC)
Key Players & Entities
- The Boston Beer Company, Inc. (company) — Registrant
- July 29, 2024 (date) — Date of earliest event reported
- Massachusetts (location) — State of Incorporation
- 001-14092 (other) — Commission File Number
- 04-3284048 (other) — IRS Employer Identification No.
- Boston (location) — Principal Executive Offices City
- 02210 (other) — Principal Executive Offices Zip Code
- (617) 368-5000 (phone_number) — Registrant's Telephone Number
FAQ
What specific changes were made to the board of directors?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers', but the specific names and details of these changes are not provided in the excerpt.
What are the key aspects of the compensatory arrangements mentioned?
The filing notes 'Compensatory Arrangements of Certain Officers' as an item of disclosure, but the specific details of these arrangements are not elaborated in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated July 29, 2024.
What is the primary business of The Boston Beer Company, Inc. according to the filing?
The Standard Industrial Classification code indicates the company is in 'MALT BEVERAGES [2082]'.
Where is The Boston Beer Company, Inc. headquartered?
The company's principal executive offices are located at One Design Center Place, Suite 850, Boston, Massachusetts, 02210.
Filing Stats: 1,025 words · 4 min read · ~3 pages · Grade level 9.9 · Accepted 2024-07-31 16:15:08
Key Financial Figures
- $0.01 — hich registered Class A Common Stock. $0.01 par value SAM The New York Stock Ex
Filing Documents
- sam-20240729.htm (8-K) — 45KB
- sam-ex99_1.htm (EX-99.1) — 15KB
- 0000950170-24-088590.txt ( ) — 176KB
- sam-20240729.xsd (EX-101.SCH) — 24KB
- sam-20240729_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release announcing appointments of Biz Stone and Joe Jordan, dated July 29, 2024 104 Cover Page Interactive Data File (embedded within Inline XBRL document)
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 Company, Inc. Date: July 31, 2024 By: /s/ Michael Spillane Name: Michael Spillane Title: President & Chief Executive Officer