secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K/A
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0001193125-25-245415
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000119312525245415/0001193125-25-245415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000119312525245415/sam-20251016.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-245415

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