BRC Inc. sets CEO compensation; Hafer to $1 salary as Executive Chairman

BRC Inc.

Chris Mondzelewski to be CEO Jan 1, 2024; base salary $600k, target incentive 100%.
Anticipated equity grant in Q1 2024: RSUs $625k, stock options $1,875k.
Evan Hafer steps down as CEO Dec 31, 2023; becomes Executive Chairman at $1 annual salary.
Tom Davin transitions from Co-CEO; remains on Board; separation agreement with payments.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Chris Mondzelewski

Chief Executive Officer

BRCC · BRC Inc.

Effective: 2024-01-01
Filed: December 29, 2023, 6:59 PM ET

As previously reported, on November 6, 2023, the Board of Directors (the “Board”) of BRC Inc. (the “Company”) appointed Chris Mondzelewski as Chief Executive Officer of the Company, effective January 1, 2024

Role change

Evan Hafer

Founder and Executive Chairman

BRCC · BRC Inc.

Effective: 2024-01-01
Successor: Chris Mondzelewski
Filed: December 29, 2023, 6:59 PM ET

Evan Hafer will step down as Chief Executive Officer of the Company, effective December 31, 2023, and assume the role of Founder and Executive Chairman of the Board effective January 1, 2024

Departed

Tom Davin

Co-Chief Executive Officer

BRCC · BRC Inc.

Effective: 2023-12-31
Successor: Chris Mondzelewski
Filed: December 29, 2023, 6:59 PM ET

Tom Davin will transition out of his role as Co-Chief Executive Officer of the Company on December 31, 2023 while remaining on the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Chris Mondzelewski was appointed as Chief Executive Officer at BRC Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

As previously reported, on November 6, 2023, the Board of Directors (the “Board”) of BRC Inc. (the “Company”) appointed Chris Mondzelewski as Chief Executive Officer of the Company, effective January 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Evan Hafer changed role as Founder and Executive Chairman at BRC Inc..

Action: stepped down as CEO and assumed role of Founder and Executive Chairman
Role: Founder and Executive Chairman

Exact text from the filing

Evan Hafer will step down as Chief Executive Officer of the Company, effective December 31, 2023, and assume the role of Founder and Executive Chairman of the Board effective January 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tom Davin changed role as Co-Chief Executive Officer at BRC Inc..

Action: transitioned out of role
Role: Co-Chief Executive Officer

Exact text from the filing

Tom Davin will transition out of his role as Co-Chief Executive Officer of the Company on December 31, 2023 while remaining on the Board

View on SEC.gov

BRC Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-060205

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