Boston Beer SVP Supply Chain Troupe departs; separation provides $1M base plus $500K mitigation payment

BOSTON BEER CO INC

Mr. Troupe's last day is April 1, 2022; agreed to confidentiality, non-compete, and non-disparagement obligations.
Separation agreement includes $1,000,000 paid in 26 bi-weekly installments of $38,461.54.
Additional $500,000 in 13 bi-weekly installments ($38,461.54 each) until Troupe starts new role, whichever comes first.
Company will continue legal fee coverage for existing securities litigation demands and provide executive coaching up to $45,000.
Health/dental COBRA premiums paid through March 31, 2023, subject to eligibility.

item 5.02 item 9.01

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Departed

Quincy B. Troupe

Senior Vice President of Supply Chain

SAM · BOSTON BEER CO INC

Effective: 2022-04-01
Filed: March 11, 2022, 6:59 PM ET

Quincy B. Troupe advised the Company that he intended to step down from his position as Senior Vice President of Supply Chain.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Quincy B. Troupe departed as Senior Vice President of Supply Chain at BOSTON BEER CO INC.

Action: stepped down
Role: Senior Vice President of Supply Chain

Exact text from the filing

Quincy B. Troupe advised the Company that he intended to step down from his position as Senior Vice President of Supply Chain.

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BOSTON BEER CO INC filing history →

Source: SEC EDGAR

accession 0001564590-22-009886

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