{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-021172","form_type":"8-K","ticker":"SAM","cik":"0000949870","company_name":"BOSTON BEER CO INC","filed_at":"2024-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.397654+00:00","generated_at":"2026-06-05T14:09:54.016895+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Boston Beer CEO David Burwick to retire March 31; Michael Spillane appointed successor","bullets":["Burwick retires as President & CEO effective March 31, 2024; remains advisor through March 2026.","Michael Spillane, current board member and lead director, becomes President & CEO on April 1, 2024.","Burwick's transition: salaried until June 30, 2024, then advisory; equity continues vesting; no further grants.","Spillane receives $861K base salary, $1.6M signing bonus, $5M equity grant (60% options, 40% performance RSUs).","Under Burwick, revenue doubled from $850M to >$2B; Truly and Twisted Tea became billion-dollar brands."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-021172","json":"https://secwatch.observer/filing/0000950170-24-021172.json","markdown":"https://secwatch.observer/filing/0000950170-24-021172.md","text":"https://secwatch.observer/filing/0000950170-24-021172.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/949870/000095017024021172/0000950170-24-021172-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/949870/000095017024021172/sam-20240223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T14:09:54.016895+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3230521c5e","claim":"David A. Burwick departed as President and Chief Executive Officer at BOSTON BEER CO INC.","evidence_excerpt":"David A. Burwick, President and Chief Executive Officer, has decided to step down from his position and as a member of the Company’s Board of Directors, effective March 31, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000095017024021172/0000950170-24-021172-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"766270899d","claim":"Michael Spillane departed as Lead Director at BOSTON BEER CO INC.","evidence_excerpt":"Mr. Spillane will step down from his positions as Lead Director","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000095017024021172/0000950170-24-021172-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Lead Director"}],"fact_type":"executive_change"},{"claim_id":"97988af75b","claim":"Meghan V. Joyce was appointed as Lead Director at BOSTON BEER CO INC.","evidence_excerpt":"He will be succeeded as Lead Director on an interim basis by Meghan V. Joyce","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000095017024021172/0000950170-24-021172-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Lead Director"}],"fact_type":"executive_change"},{"claim_id":"b8cf927662","claim":"Michael Spillane was appointed as President and Chief Executive Officer at BOSTON BEER CO INC.","evidence_excerpt":"assume the position of President and CEO on April 1, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000095017024021172/0000950170-24-021172-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}