secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001564590-23-007304
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Beer discloses interim CFO compensation, $25M buyback plan, and insider trading plan
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- Interim CFO Matthew Murphy's 2023 bonus potential increased to 50% of base salary (from 40%); base salary unchanged at $382,288.
- Murphy granted option to purchase ~$600K in Class A Common Stock, vesting 25% annually over four years starting March 2024.
- Company adopted 10b5-1 plan to repurchase up to $25M of Class A Common Stock from July 3 to Sept 29, 2023.
- Chief Sales Officer John C. Geist entered 10b5-1 plan to sell up to 13,524 shares for liquidity and diversification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000156459023007304/0001564590-23-007304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000156459023007304/sam-8k_20230512.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-007304

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