Boston Beer Co. Appoints New Director
Ticker: SAM · Form: 8-K · Filed: 2025-02-11T00:00:00.000Z
Sentiment: neutral
Topics: board-of-directors, appointment
Related Tickers: SAM
TL;DR
Sam Adams (SAM) board adds Michael Maslyn, effective Feb 5.
AI Summary
The Boston Beer Company, Inc. announced on February 5, 2025, a change in its board of directors. Specifically, Michael J. Maslyn has been appointed as a Class II Director, effective immediately. He will serve on the Audit Committee and the Compensation Committee.
Why It Matters
Changes in board composition can signal shifts in strategic direction or governance, potentially impacting investor confidence and company performance.
Risk Assessment
Risk Level: low — This filing reports a routine board appointment, which typically carries minimal immediate risk.
Key Players & Entities
- The Boston Beer Company, Inc. (company) — Registrant
- Michael J. Maslyn (person) — Appointed Class II Director
- Audit Committee (company_department) — Committee Maslyn will serve on
- Compensation Committee (company_department) — Committee Maslyn will serve on
FAQ
Who is Michael J. Maslyn and what is his background?
The filing does not provide specific details on Michael J. Maslyn's background or qualifications beyond his appointment as a Class II Director.
What is the significance of being appointed a Class II Director?
Class II Directors are typically elected for a three-year term and their election is staggered with Class I and Class III directors.
What are the responsibilities of the Audit Committee and Compensation Committee?
The filing does not detail the specific responsibilities of these committees, but they generally oversee financial reporting and executive compensation, respectively.
When was the appointment effective?
The appointment of Michael J. Maslyn was effective as of February 5, 2025.
Are there any other changes to the board of directors mentioned in this filing?
This specific filing focuses on the appointment of Michael J. Maslyn and does not mention any other departures or appointments to the board.
Filing Stats: 2,936 words · 12 min read · ~10 pages · Grade level 11.5 · Accepted 2025-02-11 16:05:08
Key Financial Figures
- $0.01 — hich registered Class A Common Stock. $0.01 par value SAM The New York Stock Ex
- $258,151 — , Mr. Burwick's target bonus was set at $258,151, limited to the time he served as Presi
- $0 — fficer's 2024 bonus payout to as low as $0 if the Officer was deemed to have perfo
- $981,540 — cers. Approved bonuses for NEOs were: $981,540 for Mr. Spillane; $382,470 for Mr. Re
- $382,470 — Os were: $981,540 for Mr. Spillane; $382,470 for Mr. Reynoso; $334,918 for Ms. Lys
- $334,918 — Spillane; $382,470 for Mr. Reynoso; $334,918 for Ms. Lysyj; $325,718 for Ms. O'Boy
- $325,718 — r. Reynoso; $334,918 for Ms. Lysyj; $325,718 for Ms. O'Boyle; $196,668 for Mr. Cro
- $196,668 — s. Lysyj; $325,718 for Ms. O'Boyle; $196,668 for Mr. Crowley; and $232,336 for Mr.
- $232,336 — oyle; $196,668 for Mr. Crowley; and $232,336 for Mr. Burwick. These bonuses are ex
- $905,000 — for our Named Executive Officers of: $905,000 for Mr. Spillane, a 5% increase from hi
- $642,720 — % increase from his 2024 base salary. $642,720 for Mr. Reynoso, a 3% increase from his
- $561,794 — % increase from his 2024 base salary; $561,794 for Ms. Lysyj, a 3% increase from her 2
- $546,364 — % increase from her 2024 base salary; $546,364 for Ms. O'Boyle, a 3% increase from her
- $450,000 — crease from her 2024 base salary; and $450,000 for Mr. Crowley, an 8% increase from hi
- $650,000 — Us Performance-Based RSUs Mr. Reynoso $650,000 $650,000 Ms. Lysyj $300,000 $300,000
Filing Documents
- sam-20250205.htm (8-K) — 98KB
- 0000950170-25-017874.txt ( ) — 215KB
- sam-20250205.xsd (EX-101.SCH) — 24KB
- sam-20250205_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 Company, Inc Date: February 11, 2025 By: /s/ Michael Spillane Name: Michael Spillane Title: President & Chief Executive Officer