Boston Beer names Phil Hodges COO with $12M equity; Savastano promoted to CSCO

BOSTON BEER CO INC

Phil Hodges promoted from CSCO to COO; base salary $800k, bonus target 100%, equity awards ~$12M (option $9M, RSUs $3M) vesting over 3 years.
Phil Savastano promoted to CSCO, overseeing brewery ops, procurement, engineering; joined Boston Beer in 2024 from Molson Coors/Tesla.
CEO Jim Koch will focus on innovation, wholesaler relations, brand strategy, and talent; COO role oversees day-to-day operations.
Filing amends prior 8-K to correct board approval date (Oct 16, 2025) and remove inaccurate prior role reference for Hodges.

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