UNITED STATES

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): February 23, 2015


The Boston Beer Company, Inc.

(Exact name of registrant as specified in its charter)


Massachusetts

001-14092

04-3284048

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

 

 

 

One Design Center Place, Boston, MA

02210

(Address of principal executive offices)

(Zip Code)


Registrant's telephone number, including area code (617) 368-5000


Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):


[ ]

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

[ ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

[ ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))

 

 

[ ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))





Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


At its meeting on February 23, 2015, the Compensation Committee of the Company’s Board of Directors approved payment of bonuses earned in 2014 and set the 2015 base salaries for the Company’s Chief Executive Officer, Martin F. Roper, its Chairman, C. James Koch, and the other Named Executive Officers of the Company.


Bonuses for 2014 Performance


The Committee approved the following bonuses for the Chief Executive Officer, the Chairman, and the other Named Executive Officers of the Company, based on the Committee’s assessment of their respective achievement against the 2014 performance targets and overall performance of the Company previously set by the Committee:


Name

Title

Bonus
Awarded

Percent of Potential
Bonus Awarded

Martin F. Roper

President and CEO

$443,120

40.2%

C. James Koch

Chairman

$276,500

70.0%

William F. Urich

Treasurer and CFO

$203,300

95.0%

John C. Geist

Vice President of Sales

$178,690

83.5%

Thomas W. Lance

Vice President of Operations

$141,203

77.0%


Salaries for 2015


The Committee approved base salaries for the Chief Executive Officer, the Chairman, and the other Named Executive Officers of the Company as follows:


Name

Title

Base Salary
for 2015

Percent
Increase

Martin F. Roper

President and CEO

$783,000

2.5%

C. James Koch

Chairman and Founder

$405,000

2.5%

William F. Urich

Treasurer and CFO

$450,000

5.1%

John C. Geist

Vice President of Sales

$450,000

5.1%

Thomas W. Lance

Vice President of Operations

$376,000

2.5%




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SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 

The Boston Beer Company, Inc.

 

(Registrant)

 

 

Date: February 26, 2015

/s/ William F. Urich

 

William F. Urich

 

Chief Financial Officer

 

(Signature)*


*Print name and title of the signing officer under his signature.



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