Boston Beer Co. Files 2025 Proxy Statement

Ticker: SAM · Form: DEF 14A · Filed: 2025-04-04T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

TL;DR

SAM: Boston Beer's proxy statement is out, detailing exec pay and board stuff for 2024. Check it.

AI Summary

The Boston Beer Company, Inc. filed its Definitive Proxy Statement (DEF 14A) on April 4, 2025, for the fiscal year ending December 31, 2024. The filing details executive compensation, board nominations, and other corporate governance matters. Key individuals mentioned include Michael Spillane and David A. Burwick, who are listed as members with compensation data for the fiscal years 2020 through 2024.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation and board composition, enabling informed voting decisions on company leadership and strategy.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing, which is standard for public companies and does not indicate any unusual risks.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, or Definitive Proxy Statement, is used by companies to solicit proxies from shareholders for an upcoming annual or special meeting, providing detailed information on matters to be voted upon, such as director elections and executive compensation.

Who are the key individuals mentioned in relation to board membership for Boston Beer Co. in this filing?

Michael Spillane and David A. Burwick are listed as members, with compensation data provided for them across multiple fiscal years.

For which fiscal years does the filing provide compensation data for board members?

The filing provides compensation data for board members, specifically for David A. Burwick, for the fiscal years 2020, 2021, 2022, 2023, and 2024.

What is the company's Standard Industrial Classification (SIC) code?

The company's SIC code is 2082, which corresponds to Malt Beverages.

When is the company's fiscal year end?

The company's fiscal year ends on December 31st.

From the Filing

0001308179-25-000378.txt : 20250404 0001308179-25-000378.hdr.sgml : 20250404 20250404091525 ACCESSION NUMBER: 0001308179-25-000378 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 50 CONFORMED PERIOD OF REPORT: 20250514 FILED AS OF DATE: 20250404 DATE AS OF CHANGE: 20250404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOSTON BEER CO INC CENTRAL INDEX KEY: 0000949870 STANDARD INDUSTRIAL CLASSIFICATION: MALT BEVERAGES [2082] ORGANIZATION NAME: 04 Manufacturing EIN: 043284048 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-14092 FILM NUMBER: 25812215 BUSINESS ADDRESS: STREET 1: ONE DESIGN CENTER PLACE STREET 2: SUITE 850 CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-368-5056 MAIL ADDRESS: STREET 1: ONE DESIGN CENTER PLACE STREET 2: SUITE 850 CITY: BOSTON STATE: MA ZIP: 02210 DEF 14A 1 sam013244_def14a.htm DEFINITIVE PROXY STATEMENT THE BOSTON BEER COMPANY, INC. - DEF 14A false 0000949870 DEF 14A BOSTON BEER CO INC 0000949870 2024-01-01 2024-12-31 0000949870 1 2024-01-01 2024-12-31 0000949870 2 2024-01-01 2024-12-31 0000949870 3 2024-01-01 2024-12-31 0000949870 4 2024-01-01 2024-12-31 0000949870 sam:MichaelSpillaneMember 2024-01-01 2024-12-31 0000949870 sam:DavidABurwickMember 2024-01-01 2024-12-31 0000949870 sam:DavidABurwickMember 2023-01-01 2023-12-31 0000949870 2023-01-01 2023-12-31 0000949870 sam:DavidABurwickMember 2022-01-01 2022-12-31 0000949870 2022-01-01 2022-12-31 0000949870 sam:DavidABurwickMember 2021-01-01 2021-12-31 0000949870 2021-01-01 2021-12-31 0000949870 sam:DavidABurwickMember 2020-01-01 2020-12-31 0000949870 2020-01-01 2020-12-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure UNITED STATES   SECURITIES AND EXCHANGE COMMISSION   Washington, D.C. 20549   SCHEDULE 14A   Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )     Filed by the Registrant   Filed by a Party other than the Registrant   Check the appropriate box: Preliminary Proxy Statement CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(E)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to ss.240.14a-12   THE BOSTON BEER COMPANY, INC.     (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant)   Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11           Dear Fellow Stockholder Jim Koch Founder, Brewer, and Chairman of the Board April 4, 2025   It is my pleasure to invite you to attend our 2025 Annual Meeting of Stockholders on Wednesday, May 14, 2025, at 10:00 a.m. ET at our Samuel Adams Boston Taproom, located at 60 State Street in Boston, Massachusetts. At the Annual Meeting you will be asked to elect three Class A Directors and cast an advisory vote on executive compensation. As the holder of the voting rights of the Company’s Class B Common Stock, I will elect six Class B Directors and cast a vote to ratify the selection of our independent registered public accounting firm. As requested elsewhere in the accompanying materials, please submit your proxy as soon as possible.   As you may have read in our Annual Report and will read in this Proxy Statement, we continue to have a broad portfolio of healthy brands that we believe will drive our growth into the future. We have the #1 flavored malt beverage in Twisted Tea, the #2 hard seltzer in Truly, the #1 hard cider in Angry Orchard, and two strong, established beer brands in Samuel Adams and Dogfish Head, as well as some exciting new innovations on the horizon.   We have experienced a few changes to our leadership team since last

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