Item 5.02 Departure of Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
On March 27, 2023, Michael M. Lynton notified the Board of Directors (the
"Board") of The Boston Beer Company, Inc. (the "Company") that he will not stand
for re-election as a Director of the Company at the end of his current term and
will step down from the Board effective as of the conclusion of the Company's
2023 Annual Meeting of Stockholders. Mr. Lynton's decision not to stand for
re-election was not due to any disagreements with the Company or the Board on
any matter relating to the Company's operations, policies, or practices.
A search is underway to fill the independent Class B Director vacancy resulting
from Mr. Lynton's decision. Once a nominee has been identified, the Company will
share information about Mr. Lynton's successor.
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