{"schema_version":"secwatch.filing_event.v1","accession":"0001564590-23-007377","form_type":"8-K","ticker":"SAM","cik":"0000949870","company_name":"BOSTON BEER CO INC","filed_at":"2023-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.972708+00:00","generated_at":"2026-06-14T19:02:01.944533+00:00","sec_items":["5.02","5.07","8.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Boston Beer hires CSCO, boosts buyback authorization by $269M to $1.2B","bullets":["Philip Hodges named Chief Supply Chain Officer; base salary $615K, bonus target 60%, one-time equity awards totaling ~$8M.","Board increased stock repurchase limit by $269M to $1.2B (from $931M).","Shareholder meeting: say-on-pay approved with ~88% support; annual advisory vote on executive compensation adopted.","Board appointed committee assignments; Michael Spillane named Lead Director.","Hodges advised since May 2022, helped reduce freight/warehousing costs and improve forecasting."],"urls":{"canonical":"https://secwatch.observer/filing/0001564590-23-007377","json":"https://secwatch.observer/filing/0001564590-23-007377.json","markdown":"https://secwatch.observer/filing/0001564590-23-007377.md","text":"https://secwatch.observer/filing/0001564590-23-007377.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/sam-8k_20230516.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T19:02:01.944533+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"40993ae27d","claim":"Philip A. Hodges was appointed as Chief Supply Chain Officer at BOSTON BEER CO INC.","evidence_excerpt":"On May 22, 2023, the Company announced that it has hired Philip A. Hodges, age 56, as its Chief Supply Chain Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"hired"},{"label":"Role","value":"Chief Supply Chain Officer"}],"fact_type":"executive_change"},{"claim_id":"6eb3f9e90769314db8d16e4caf6322c1a1ca31b2","claim":"BOSTON BEER CO INC shareholders approved Election of five Class B Directors for a one-year term at the 2023-05-17 meeting.","evidence_excerpt":"The sole holder of all of the Company's outstanding shares of Class B Stock voted all of such shares for the election of the following five (5) Class B Directors","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-17"}],"fact_type":"shareholder_vote"},{"claim_id":"8f8daf30a1cdf1e63e7dd587ed22fe2df43335ae","claim":"BOSTON BEER CO INC shareholders approved Advisory resolution on executive compensation at the 2023-05-17 meeting.","evidence_excerpt":"7,211,848 votes for; 655,493 votes against; 145,314 abstentions, and no broker non-votes.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-17"}],"fact_type":"shareholder_vote"},{"claim_id":"deaf52b59669e5174c55b7693b890f34d1fb87a9","claim":"BOSTON BEER CO INC shareholders approved Election of three Class A Directors for a one-year term at the 2023-05-17 meeting.","evidence_excerpt":"Meghan V. Joyce received 4,143,466 votes for and 3,869,107 votes withheld; Michael Spillane received 4,398,504 votes for and 3,614,069 votes withheld; and Jean-Michel Valette received 4,107,052 votes for and 3,905,521 votes withheld. There were no broker non-votes in connection with the election of the Class A Directors.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-17"}],"fact_type":"shareholder_vote"},{"claim_id":"e946e23875cac11edec4d1a76d4f9d9a77180fce","claim":"BOSTON BEER CO INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-05-17 meeting.","evidence_excerpt":"7,409,166 votes for \"every year\"; 11,161 votes for \"every two years\"; 80,696 votes for \"every three years\"; 511,631 abstentions; and no broker non-votes.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-17"}],"fact_type":"shareholder_vote"},{"claim_id":"f5416a41a4e1a6076a417f8b2099a1ed68478c2f","claim":"BOSTON BEER CO INC shareholders approved Ratification of Deloitte & Touche LLP as independent auditor at the 2023-05-17 meeting.","evidence_excerpt":"The Class B Stockholder similarly ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the Company's fiscal year ending December 30, 2023.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm","confidence":0.7,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-17"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}