For the election of five 5 Class B Directors, each to serve for a term of one 1 year; 2. In February 2015, the Compensation Committee determined that the Maximum had been achieved and 2,140 shares are eligible for vesting. As the sole holder of Class B Common Stock, I will elect five Class B Directors and cast a vote to ratify the selection of our independent registered public accounting firm. The Samuel Adams brand began with Samuel Adams Boston Lager. The amount of the discount is tied to years of service; the maximum discount is 40% after four full years of service. From 2000 to 2006, he served as a partner of Monitor Group.
Koch is the sole beneficiary. High profit margins Rather than low price customers want quality. In addition, if other matters come before the meeting, your proxy will have discretion to vote on these matters in accordance with their best judgment. Fisher is the manager and to which Ms. An increase of health and safety consciousness of beer consumers caused the market for distinctive and flavorful beers. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11 a 2 and identify the filing for which the offsetting fee was paid previously.
Following the appointment of the Lead Director in May 2013, the Compensation Committee established the compensation for that position. James Koch, insisted on letting the small investor in on the deal. After consideration of the 2011 voting results, and based upon its prior recommendation, the Board determined that Boston Beer will conduct future advisory votes regarding compensation awarded to its Named Executive Officers on an annual basis. Class B stocks are usually retained by the company and usually have a much higher voting value. Being a public company may help a company recruit better talent. I lost my Notice or Proxy Materials. The book value is based on calculations of the Total Assets minus the Total Liabilities.
The Board of Directors has fixed the close of business on March 30, 2015 as the Record Date for the meeting. Under this policy, the Company may recover incentive income that was based on achievement of quantitative performance targets if an Executive Officer or the Corporate Controller engaged in intentional misconduct that resulted in an increase in his or her incentive income. If you receive more than one proxy because you own shares registered in different names or addresses, each proxy should be voted. As provided in the Director Option Plan, options carry an exercise price equal to the closing price on the trading day prior to the grant date, are immediately fully vested, and expire ten 10 years after the date of grant or three 3 years after the grantee ceases to be a Director of the Company, whichever occurs sooner. Image courtesy Boston Beer Co.
Your most current proxy is the one that will be counted. Tanner served as the Chief Supply Chain Officer and President of its Fresh Dairy Direct division since November 2007. Note: Tremont St eventually becomes Columbus Ave. Louis, Missouri by Louis Koch, who sold under the name Louis Koch Lager until Prohibition, and again until the early 1950s. Three regular meetings were held at our headquarters in Boston, Massachusetts, and one regular meeting was held in Los Angeles, California. We encourage you to vote by the internet or telephone.
The Compensation Committee also reviewed the 2014 performance of the Named Executive Officers against their individual bonus goals and approved bonus payments as described below. Prior to joining Boston Beer in February 2012, Ms. Take your first right onto Amory St. In 1997, he sold his interest in the agency to become Senior Vice President and Group Account Director at Mullen Advertising, where he served until 2000. In 2016, we sold more than 4. The large investment on asset-based financing arrangements could take large amount of cash flow and newer technology will raise the dilemma of more investment on updating for new equipment, which can cause the broken of normal cash flow operation. Improve team-building, collaboration and problem-solving skill.
In 1997, he sold his interest in the agency to become Senior Vice President and Group Account Director at Mullen Advertising, where he served until 2000. The Summary Compensation Table included in this Proxy Statement sets forth all compensation received by Mr. Director Independence The Board currently consists of eight Directors, comprised of three Directors who were elected by the Class A Stockholders and five Directors who were elected by the sole Class B Stockholder. Similarly, in 2011 three executives were awarded time-based options in amounts much larger than usual, with the expectation that options would not be granted in the immediate future years, so the relationship of salary to total compensation for those Executive Officers from 2011 to 2014 is skewed and not representative of the relationship of annual salary to total compensation over the longer term. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Eligibility to Vote Only stockholders of record are eligible to vote at the Annual Meeting.
He was with ConAgra Foods of Omaha, Nebraska from September 2001 through July 2005, holding the position of Senior Vice President, Retail Supply Chain from June 2002 through July 2005. On the year of 1995, the Boston Beer filed a registration statement with the U. Base salaries are reviewed annually and may be adjusted after considering the above factors. How can I contact Boston Beer? I lost my Notice or Proxy Materials. Implementation of optimized changeover capabilities, minimize brewery inventory, and maximize live loading. James Koch, the Chairman and a full-time employee of Boston Beer.