Current Report Filing (8-k)
March 09 2016 - 4:10PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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 24, 2016
|
The Boston Beer Company, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Massachusetts
|
001-14092
|
04-3284048
|
_____________________
(State or other jurisdiction
|
_____________
(Commission
|
______________
(I.R.S. Employer
|
|
of incorporation)
|
File Number)
|
Identification No.)
|
|
|
|
|
|
One Design Center Place, Suite 850, Boston, Massachusetts
|
|
02210
|
_________________________________
(Address of principal executive offices)
|
|
___________
(Zip Code)
|
|
|
|
|
|
Registrant’s telephone number, including area code:
|
|
(617) 368-5000
|
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[ ] 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 1.01 Entry into a Material Definitive Agreement
On March 9, 2016, at a special joint meeting of the Board of Directors and Class B
Stockholders of the Company, the Amended and Restated 1996 Stock Option Plan for Non-Employee
Directors was amended to extend the term for an additional ten years. The Plan’s new expiration
date is May 21, 2026. A copy of the amended Plan will be attached as an exhibit to the Company’s
Quarterly Report on Form 10-Q for the quarter ended March 26, 2016.
Item 8.01 Other Events
The following Officers of the Company entered into individual sales plans pursuant to Rule
10b5-1 of the Securities Exchange Act of 1934, as amended, for trading in shares of the Company’s
Class A Common Stock (each, a “10b5-1 Plan”): Robert P. Pagano, Vice President, Brand Development,
on February 24, 2016; and Ai-Li Lim, Vice President, Human Resources, on March 7, 2016. The
aggregate number of shares that may be sold pursuant to these 10b5-1 Plans is 22,002 shares. The
purpose of each of these 10b5-1 Plans is to provide liquidity and investment diversification. Once
executed, transactions under each 10b5-1 Plan will be disclosed publicly through Form 4 and/or Form
144 filings with the Securities and Exchange Commission to the extent applicable.
On March 7, 2016, the Company entered into a 10b5-1 Plan to repurchase up to $64 million of
the Company’s Class A Common Stock during the period commencing March 28, 2016 and ending June 24,
2016.
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.
|
|
|
|
|
|
|
|
March 9, 2016
|
|
By:
|
|
/s/ Martin F. Roper
|
|
|
|
|
|
|
|
|
|
|
|
Name: Martin F. Roper
|
|
|
|
|
|
Title: Chief Executive Officer
|
Boston Beer (NYSE:SAM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Boston Beer (NYSE:SAM)
Historical Stock Chart
From Apr 2023 to Apr 2024
