---
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"
generated_at: "2026-06-14T19:02:01.944533+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Boston Beer hires CSCO, boosts buyback authorization by $269M to $1.2B

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-007377
- JSON: https://secwatch.observer/filing/0001564590-23-007377.json
- Plain text: https://secwatch.observer/filing/0001564590-23-007377.txt

## Key facts
- Executive change
  Philip A. Hodges was appointed as Chief Supply Chain Officer at BOSTON BEER CO INC.
  - Action: hired
  - Role: Chief Supply Chain Officer
  source text: On May 22, 2023, the Company announced that it has hired Philip A. Hodges, age 56, as its Chief Supply Chain Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm
- Shareholder Votes
  BOSTON BEER CO INC shareholders approved Election of five Class B Directors for a one-year term at the 2023-05-17 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm
- Shareholder Votes
  BOSTON BEER CO INC shareholders approved Advisory resolution on executive compensation at the 2023-05-17 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-17
  source text: 7,211,848 votes for; 655,493 votes against; 145,314 abstentions, and no broker non-votes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm
- Shareholder Votes
  BOSTON BEER CO INC shareholders approved Election of three Class A Directors for a one-year term at the 2023-05-17 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm
- Shareholder Votes
  BOSTON BEER CO INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-05-17 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm
- Shareholder Votes
  BOSTON BEER CO INC shareholders approved Ratification of Deloitte & Touche LLP as independent auditor at the 2023-05-17 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/949870/000156459023007377/0001564590-23-007377-index.htm

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