Boston Beer Co Inc - 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2012 Annual Meeting of Stockholders held by The Boston Beer Company, Inc. on May 23, 2012. A quorum was present and acting throughout the meeting.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Election of Directors:
- Class A Directors: David A. Burwick (3,807,422 for), Pearson C. Cummin III (1,741,196 for), and Jean-Michel Valette (3,143,193 for) were elected. Significant shares were withheld for Cummin and Valette.
- Class B Directors: Cynthia A. Fisher, C. James Koch, Jay Margolis, Martin F. Roper, and Gregg A. Tanner were elected unanimously with 4,107,355 shares voted for each and zero shares withheld.
- Executive Compensation: Stockholders approved, on an advisory basis, the 2011 compensation of named executive officers.
- Voted For: 5,854,795
- Voted Against: 67,456
- Abstentions: 200,855
- Broker Non-Votes: 0
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investors to Verify
- Verify the specific reasons for the significant number of shares withheld for Class A directors Pearson C. Cummin III and Jean-Michel Valette.
- Confirm the total number of shares outstanding to calculate the percentage of votes cast for the executive compensation advisory vote.
- Review the full proxy statement referenced in the filing for detailed compensation data regarding the 2011 named executive officers.