Boston Beer Co. Files 8-K on Director Changes and Compensation

Ticker: SAM · Form: 8-K · Filed: 2025-08-01T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-compensation, board-of-directors

Related Tickers: SAM

TL;DR

SAM board shakeup and pay plan updates filed.

AI Summary

On August 1, 2025, 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 departure of directors and the election of new ones, alongside updates to compensatory plans for certain officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing is routine and reports on corporate governance and compensation, not immediate financial distress or major operational changes.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the departure of directors and the election of new directors, but the specific names and number of individuals are not detailed in the provided text.

What are the key updates to the compensatory arrangements for officers?

The filing states there are updates to compensatory arrangements for certain officers, but the specifics of these arrangements are not elaborated upon in the provided text.

What is the primary reason for this 8-K filing?

The primary reason for the filing is to report on the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

When was this report filed with the SEC?

This report was filed on August 1, 2025.

What is the company's principal executive office address?

The company's principal executive office is located at One Design Center Place, Suite 850, Boston, Massachusetts 02210.

From the Filing

0000950170-25-101426.txt : 20250801 0000950170-25-101426.hdr.sgml : 20250801 20250801161527 ACCESSION NUMBER: 0000950170-25-101426 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20250801 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250801 DATE AS OF CHANGE: 20250801 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14092 FILM NUMBER: 251176369 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 8-K 1 sam-20250801.htm 8-K 8-K false 0000949870 0000949870 2025-08-01 2025-08-01   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 01, 2025     The Boston Beer Company, Inc. (Exact name of Registrant as Specified in Its Charter)     Massachusetts 001-14092 04-3284048 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           One Design Center Place Suite 850   Boston , Massachusetts   02210 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: (617) 368-5000     (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock. $0.01 par value   SAM   The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of President and Chief Executive Officer The Boston Beer Company, Inc. (the “Company”) announced today that Michael Spillane has decided to step down from his position of President and Chief Executive Officer, effective August 15, 2025, and as noted in more detail below he will remain in an advisory role with the Company through March 31, 2026. Mr. Spillane has led the Company as CEO since March 2024 and has served on the Board

View on Read The Filing