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

Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2022-03-11T23:59:59+00:00
Accession:  0001564590-22-009886
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000156459022009886/0001564590-22-009886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000156459022009886/sam-8k_20220311.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-009886

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