Business Context and Reporting Period
This Form 8-K is a current report filed by The Boston Beer Company, Inc. on June 15, 2011, regarding an event that occurred on June 13, 2011. The filing addresses the death of Charles Joseph Koch, a Class B Director and the father of the company's founder, C. James Koch.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly informational regarding a corporate governance event and does not contain financial performance data.
Material Changes
The material change reported is the vacancy on the Board of Directors created by the passing of Charles Joseph Koch. Mr. Koch had served on the Board since the company's initial public offering in 1995. No appointment to fill the vacancy has been made at the time of this filing.
Outlook, Risks, and Management Commentary
Management commentary focuses on the historical significance of Mr. Koch to the company. He is credited with providing family brewing recipes from the 1800s that led to the creation of Samuel Adams Boston Lager in 1984, which is widely considered a catalyst for the American Craft Beer Revolution. The filing notes that the vacancy will be filled by an appointment from C. James Koch, the sole holder of the Company's Class B Common Stock. There are no specific financial risks or contingencies disclosed in this document.
Key Facts for Investor Verification
- Charles Joseph Koch, a long-serving Class B Director, died on June 13, 2011.
- The Board vacancy will be filled by appointment of C. James Koch, the sole holder of Class B Common Stock.
- No successor director has been appointed as of the filing date.
- This filing contains no financial results or operational metrics.