Boston Beer CFO Frank Smalla steps down; interim CFO named; $25M stock buyback plan

BOSTON BEER CO INC

CFO Frank H. Smalla resigns after 7 years to join a KKR-backed private equity firm; departure not due to any disagreement.
Matthew D. Murphy, current Chief Accounting Officer, appointed interim CFO effective March 6, 2023.
Company enters 10b5-1 plan to repurchase up to $25M of Class A Common Stock from April 3 to June 30, 2023.
Chief Sales Officer John C. Geist enters 10b5-1 plan to sell up to 13,524 shares for liquidity and diversification.

item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Matthew D. Murphy

interim Treasurer and Chief Financial Officer

SAM · BOSTON BEER CO INC

Effective: 2023-03-06
Filed: March 7, 2023, 6:59 PM ET

On March 6, 2023, the Company’s Board of Directors approved the appointment of Matthew D. Murphy, age 54, to serve as interim Treasurer and Chief Financial Officer until such time as the Company appoints Mr. Smalla’s permanent successor.

Departed

Frank H. Smalla

Treasurer and Chief Financial Officer

SAM · BOSTON BEER CO INC

Successor: Matthew D. Murphy
Filed: March 7, 2023, 6:59 PM ET

On March 3, 2023, Frank H. Smalla informed the Company that he was stepping down after seven years as the Company’s Treasurer and Chief Financial Officer, to pursue an opportunity as Chief Financial and Operating Officer with a KKR-backed private equity company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew D. Murphy was appointed as interim Treasurer and Chief Financial Officer at BOSTON BEER CO INC.

Action: appointed
Role: interim Treasurer and Chief Financial Officer

Exact text from the filing

On March 6, 2023, the Company’s Board of Directors approved the appointment of Matthew D. Murphy, age 54, to serve as interim Treasurer and Chief Financial Officer until such time as the Company appoints Mr. Smalla’s permanent successor.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Frank H. Smalla departed as Treasurer and Chief Financial Officer at BOSTON BEER CO INC.

Action: stepping down
Role: Treasurer and Chief Financial Officer

Exact text from the filing

On March 3, 2023, Frank H. Smalla informed the Company that he was stepping down after seven years as the Company’s Treasurer and Chief Financial Officer, to pursue an opportunity as Chief Financial and Operating Officer with a KKR-backed private equity company.

View on SEC.gov

BOSTON BEER CO INC filing history →

Source: SEC EDGAR

accession 0001564590-23-003252

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