secwatch.observer — SEC 8-K summary
======================================

Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0000950170-25-017874
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Boston Beer approves executive bonuses up to $981,540; CEO gets $6.2M in equity awards
--------------------------------------------------------------------------------

- 2024 NEO bonuses range from $196,668 (Crowley) to $981,540 (Spillane); based on 90% company goal achievement and 95% pool funding.
- 2025 base salaries increased: Spillane +5% to $905k, Crowley +8% to $450k, others +3%.
- Long-term equity awards: NEOs receive $1M-$1.3M in RSUs (50% time, 50% performance-based); Spillane gets $6.2M in options.
- Special performance-based RSU of $1M each for NEOs (except Spillane) vests on positive depletions growth trigger.
- 2025 bonus targets raised: Reynoso to 75% (from 65%), Crowley to 60% (from 50%), Spillane unchanged at 120%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000095017025017874/0000950170-25-017874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000095017025017874/sam-20250205.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-017874

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer