---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-001728"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:59:10.611269+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-23-001728
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: other
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949870/000156459023001728/0001564590-23-001728-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000156459023001728/sam-8k_20230206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-001728
- JSON: https://secwatch.observer/filing/0001564590-23-001728.json
- Plain text: https://secwatch.observer/filing/0001564590-23-001728.txt

## Key facts
- Executive change
  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
  source text: Mr. Troupe stepped down from his position with the Company as of April 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000156459023001728/0001564590-23-001728-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.