8-K
filed May 13, 2024, 7:59 PM ET
ticker SAM
CIK 0000949870
other material
confidence high
sentiment positive
materiality 0.55
Boston Beer announces $63M buyback; annual meeting re-elects directors and approves say-on-pay
BOSTON BEER CO INC
- Board authorized a $63M stock repurchase plan for Class A Common Stock from June 30 to Sept 27, 2024.
- At the May 7 annual meeting, Class A directors elected (Swanson, Joyce, Valette) and advisory say-on-pay resolution approved with 6.65M for vs 371k against.
- Class B directors re-elected; Deloitte & Touche ratified as auditor for FY 2024. No other matters.
- Julio N. Nemeth appointed Lead Director; committee assignments updated (Audit: Valette chair, Compensation: Nemeth chair, Nominating/Governance: Joyce chair).
- Chief People Officer Carolyn O'Boyle adopted a 10b5-1 plan covering up to 746 shares for diversification.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BOSTON BEER CO INC shareholders approved Advisory vote on executive compensation at the 2024-05-07 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
The results of the advisory vote are as follows: 6,649,043 votes for; 371,440 votes against; 22,657 abstentions, and no broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BOSTON BEER CO INC shareholders approved Election of five Class B Directors at the 2024-05-07 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
The sole holder of all of the Company’s outstanding shares of Class B Stock voted all of such shares for the election of the following five (5) Class B Directors, each for a term of one (1) year ending at the completion of the 2025 Annual Meeting of Stockholders and until their respective successors are duly chosen and qualified: Samuel A. Calagione, III, Cynthia A. Fisher, C. James Koch, Julio N. Nemeth, and Michael Spillane. The Board of Directors and the Class B Stockholder also resolved to retain the Class B vacancy occasioned by David A. Burwick’s retirement. There were no broker non-votes in connection with the election of the Class B Directors.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BOSTON BEER CO INC shareholders approved Election of three Class A Directors at the 2024-05-07 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
The Class A Stockholders elected the following three (3) Class A Directors, each for a term of one (1) year ending at the completion of the 2025 Annual Meeting of Stockholders and until their respective successors are duly chosen and qualified: Cynthia L. Swanson received 6,848,352 votes for, 194,755 votes withheld, and 33 shares uncast; Meghan V. Joyce received 3,282,538 votes for and 3,760,569 votes withheld; and 33 shares uncast; and Jean-Michel Valette received 3,442,138 votes for and 3,600,969 votes withheld; and 33 votes uncast. There were no broker non-votes in connection with the election of the Class A Directors.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BOSTON BEER CO INC shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm at the 2024-05-07 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
The Class B Stockholder similarly ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 28, 2024.
View on SEC.gov
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