secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001564590-23-001728
Event type: other
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000156459023001728/0001564590-23-001728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000156459023001728/sam-8k_20230206.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-001728

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