Boston Beer CEO receives $0 2022 bonus; 2023 bonus target raised to 120%

BOSTON BEER CO INC

CEO Burwick got $0 bonus for 2022; company achieved 0% on original bonus scale.
Other NEOs got bonuses: Smalla $142,250, Geist $142,250, Lysyj $84,000, O'Boyle $137,500.
2023 base salary increases: Burwick +3%, others +2-3%.
2023 long-term equity grants: CEO gets $4M total ($2M options, $2M RSUs).
CEO's 2023 bonus target raised to 120% from 100%; other NEOs unchanged.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Quincy B. Troupe

Senior Vice President of Supply Chain

SAM · BOSTON BEER CO INC

Effective: 2022-04-01
Filed: February 10, 2023, 6:59 PM ET

Mr. Troupe stepped down from his position with the Company as of April 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

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

Mr. Troupe stepped down from his position with the Company as of April 1, 2022.

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BOSTON BEER CO INC filing history →

Source: SEC EDGAR

accession 0001564590-23-001728

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