---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-058624"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T03:09:04.823169+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Boston Beer announces $63M buyback; annual meeting re-elects directors and approves say-on-pay

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-058624
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.07, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949870/000095017024058624/0000950170-24-058624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000095017024058624/sam-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-058624
- JSON: https://secwatch.observer/filing/0000950170-24-058624.json
- Plain text: https://secwatch.observer/filing/0000950170-24-058624.txt

## Key facts
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000095017024058624/0000950170-24-058624-index.htm
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000095017024058624/0000950170-24-058624-index.htm
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000095017024058624/0000950170-24-058624-index.htm
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000095017024058624/0000950170-24-058624-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.