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Compiled from SEC Form N-PX filings and BOSTON BEER COMPANY INC.’s Form 8-K, filed May 13, 2024 (Item 5.07 on EDGAR). Page generated October 18, 2026.
Meeting of May 7, 2024: 1 item on BOSTON BEER COMPANY INC.’s Form 8-K, filed May 13, 2024: 1 without a stated outcome.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Explore BOSTON BEER COMPANY INC. in the interactive database Compare manager voting policies
These tallies are BOSTON BEER COMPANY INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 13, 2024 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| 2. The Class A Stockholders considered, on an advisory basis, the following non-binding resolution relating to executive compensation: "RESOLVED, that the compensation policies and procedures followed by the Company and the Compensation Commit | 6,649,043 | 371,440 | 22,657 | -- | -- | 95% | Not verified | — |
Source: BOSTON BEER COMPANY INC., Form 8-K, filed with the SEC on May 13, 2024 — read the filing on EDGAR.
Each item below shows how the 366 asset managers that disclosed a BOSTON BEER COMPANY INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of BOSTON BEER COMPANY INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.
Combines 6 wordings of this item as funds reported it.
99% of fund votes cast · no official result
The 82 asset managers below reported 3,882,388 for, 49,233 withheld, 12,882 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 913,255 | 0 | 0 | 0 | For |
| Fidelity | 748,524 | 0 | 0 | 0 | For |
| T. Rowe Price | 563,172 | 0 | 0 | 0 | For |
| BlackRock | 481,642 | 0 | 0 | 0 | For |
| Dimensional | 120,076 | 0 | 0 | 0 | For |
| Charles Schwab | 109,999 | 0 | 0 | 0 | For |
| Baird | 106,339 | 0 | 0 | 0 | For |
| LONGLEAF PARTNERS FUNDS TRUST | 106,204 | 0 | 0 | 0 | For |
| State Street | 90,412 | 0 | 0 | 22 | For |
| Invesco | 81,286 | 0 | 0 | 0 | For |
| Jackson National | 65,184 | 0 | 0 | 0 | For |
| Equitable | 21,890 | 0 | 0 | 34,576 | Mixed |
| Advisors' Inner Circle Fund III | 55,411 | 0 | 0 | 0 | For |
| Principal | 39,017 | 0 | 0 | 0 | For |
| American Century | 37,007 | 0 | 0 | 0 | For |
| MassMutual | 32,100 | 0 | 0 | 0 | For |
| TIAA | 26,751 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 25,208 | 0 | 0 | 0 | For |
| First Trust | 23,427 | 0 | 0 | 0 | For |
| Hartford | 19,686 | 0 | 0 | 0 | For |
| Empower | 19,550 | 0 | 0 | 0 | For |
| Northwestern Mutual | 16,113 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 15,656 | 0 | 0 | 0 | For |
| Nationwide | 9,033 | 0 | 0 | 5,162 | Mixed |
| BNY Mellon | 13,801 | 0 | 0 | 0 | For |
Showing the 25 largest of 82 asset managers. See all 82 in the interactive database.
Combines 6 wordings of this item as funds reported it.
45% of fund votes cast · no official result
The 82 asset managers below reported 1,665,987 for, 38 against, 2,073,874 withheld, 204,604 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 0 | 0 | 913,255 | Withhold |
| Fidelity | 747,924 | 0 | 0 | 600 | For |
| T. Rowe Price | 2,586 | 0 | 0 | 560,586 | Withhold |
| BlackRock | 481,642 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 120,076 | Withhold |
| Charles Schwab | 0 | 0 | 0 | 109,999 | Withhold |
| Baird | 0 | 0 | 106,339 | 0 | Abstain |
| LONGLEAF PARTNERS FUNDS TRUST | 106,204 | 0 | 0 | 0 | For |
| State Street | 90,379 | 0 | 0 | 55 | For |
| Invesco | 81,286 | 0 | 0 | 0 | For |
| Jackson National | 0 | 0 | 65,184 | 0 | Abstain |
| Equitable | 12,110 | 0 | 0 | 44,356 | Mixed |
| Advisors' Inner Circle Fund III | 55,382 | 0 | 0 | 29 | For |
| Principal | 0 | 0 | 0 | 39,017 | Withhold |
| American Century | 0 | 0 | 0 | 37,007 | Withhold |
| MassMutual | 0 | 0 | 0 | 32,100 | Withhold |
| TIAA | 0 | 0 | 0 | 26,751 | Withhold |
| AMERICAN BEACON FUNDS | 0 | 0 | 0 | 25,208 | Withhold |
| First Trust | 0 | 0 | 0 | 23,427 | Withhold |
| Hartford | 19,686 | 0 | 0 | 0 | For |
| Empower | 0 | 0 | 0 | 19,550 | Withhold |
| Northwestern Mutual | 16,113 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 0 | 0 | 0 | 15,656 | Withhold |
| Nationwide | 0 | 0 | 0 | 14,195 | Withhold |
| BNY Mellon | 0 | 0 | 0 | 13,801 | Withhold |
Showing the 25 largest of 82 asset managers. See all 82 in the interactive database.
Combines 6 wordings of this item as funds reported it.
41% of fund votes cast · no official result
The 82 asset managers below reported 1,534,472 for, 38 against, 2,205,153 withheld, 204,840 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 0 | 0 | 913,255 | Withhold |
| Fidelity | 615,031 | 0 | 0 | 133,493 | Mixed |
| T. Rowe Price | 2,586 | 0 | 0 | 560,586 | Withhold |
| BlackRock | 481,642 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 120,076 | Withhold |
| Charles Schwab | 0 | 0 | 0 | 109,999 | Withhold |
| Baird | 0 | 0 | 106,339 | 0 | Abstain |
| LONGLEAF PARTNERS FUNDS TRUST | 106,204 | 0 | 0 | 0 | For |
| State Street | 90,379 | 0 | 0 | 55 | For |
| Invesco | 81,286 | 0 | 0 | 0 | For |
| Jackson National | 0 | 0 | 65,184 | 0 | Abstain |
| Equitable | 12,110 | 0 | 0 | 44,356 | Mixed |
| Advisors' Inner Circle Fund III | 55,411 | 0 | 0 | 0 | For |
| Principal | 0 | 0 | 0 | 39,017 | Withhold |
| American Century | 0 | 0 | 0 | 37,007 | Withhold |
| MassMutual | 0 | 0 | 0 | 32,100 | Withhold |
| TIAA | 0 | 0 | 0 | 26,751 | Withhold |
| AMERICAN BEACON FUNDS | 25,208 | 0 | 0 | 0 | For |
| First Trust | 0 | 0 | 0 | 23,427 | Withhold |
| Hartford | 0 | 0 | 0 | 19,686 | Withhold |
| Empower | 0 | 0 | 0 | 19,550 | Withhold |
| Northwestern Mutual | 4,732 | 0 | 0 | 11,381 | Mixed |
| AIG/SunAmerica | 0 | 0 | 0 | 15,656 | Withhold |
| Nationwide | 0 | 0 | 0 | 14,195 | Withhold |
| BNY Mellon | 7,444 | 0 | 0 | 6,357 | Mixed |
Showing the 25 largest of 82 asset managers. See all 82 in the interactive database.
100% of fund votes cast · no official result
The 4 asset managers below reported 41,721 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Centre Funds | 25,199 | 0 | 0 | 0 | For |
| Gabelli | 15,800 | 0 | 0 | 0 | For |
| RBB FUND, INC. | 639 | 0 | 0 | 0 | For |
| SYNTAX ETF TRUST | 83 | 0 | 0 | 0 | For |
Combines 8 wordings of this item as funds reported it.
95% Fund and manager reports combined; may count the same shares twice · no official result
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 913,255 | 0 | 0 | 0 | For |
| Fidelity | 748,524 | 0 | 0 | 0 | For |
| T. Rowe Price | 563,172 | 0 | 0 | 0 | For |
| BlackRock | 481,642 | 0 | 0 | 0 | For |
| Dimensional | 120,076 | 0 | 0 | 0 | For |
| Charles Schwab | 109,999 | 0 | 0 | 0 | For |
| Baird | 106,339 | 0 | 0 | 0 | For |
| LONGLEAF PARTNERS FUNDS TRUST | 106,204 | 0 | 0 | 0 | For |
| State Street | 90,434 | 0 | 0 | 0 | For |
| Invesco | 81,286 | 0 | 0 | 0 | For |
| Jackson National | 65,184 | 0 | 0 | 0 | For |
| Equitable | 56,466 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund III | 55,411 | 0 | 0 | 0 | For |
| Principal | 39,017 | 0 | 0 | 0 | For |
| American Century | 34,748 | 2,259 | 0 | 0 | Mixed |
| MassMutual | 32,100 | 0 | 0 | 0 | For |
| TIAA | 0 | 26,751 | 0 | 0 | Against |
| AMERICAN BEACON FUNDS | 0 | 25,208 | 0 | 0 | Against |
| Centre Funds | 25,199 | 0 | 0 | 0 | For |
| First Trust | 23,427 | 0 | 0 | 0 | For |
| Hartford | 19,686 | 0 | 0 | 0 | For |
| Northwestern Mutual | 16,113 | 0 | 0 | 0 | For |
| Gabelli | 15,800 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 15,656 | 0 | 0 | 0 | For |
| Empower | 15,159 | 0 | 0 | 0 | For |
Fund voting reports, all 85 managers: 3,916,015 for, 63,370 against, 1,984 abstained. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| T. Rowe Price | 903,774 | 0 | 0 | 0 | For |
| Fidelity | 618,181 | 0 | 0 | 0 | For |
| BlackRock | 307,283 | 40 | 0 | 0 | For |
| State Street | 250,212 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 146,904 | 0 | 0 | 0 | For |
| Man Group plc | 0 | 135,390 | 0 | 0 | Against |
| Bridgewater | 125,990 | 0 | 0 | 0 | For |
| Charles Schwab | 109,999 | 0 | 0 | 0 | For |
| Putnam | 105,048 | 0 | 0 | 0 | For |
| Invesco | 86,898 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 79,311 | 0 | 0 | 0 | For |
| Northern Trust | 77,859 | 7 | 0 | 0 | For |
| Fisher Asset Management, LLC | 70,738 | 0 | 0 | 0 | For |
| Loomis Sayles | 69,278 | 0 | 0 | 0 | For |
| MARSHALL WACE, LLP | 0 | 63,917 | 0 | 0 | Against |
| Wellington | 56,824 | 0 | 0 | 0 | For |
| ARMISTICE CAPITAL, LLC | 54,001 | 0 | 0 | 0 | For |
| AQR | 53,932 | 0 | 0 | 0 | For |
| Baird | 51,089 | 0 | 0 | 0 | For |
| Newton Investment Management North America, LLC | 0 | 50,614 | 0 | 0 | Against |
| CANADA PENSION PLAN INVESTMENT BOARD | 47,900 | 0 | 0 | 0 | For |
| DE Shaw | 44,474 | 0 | 0 | 0 | For |
| American Century | 36,676 | 2,349 | 0 | 0 | Mixed |
| JACOBS LEVY EQUITY MANAGEMENT, INC | 38,837 | 0 | 0 | 0 | For |
| Citadel | 36,274 | 0 | 0 | 0 | For |
Institutional-manager reports, all 300 managers: 3,990,483 for, 355,374 against, 754 not voted, 1 unknown. Showing the 25 largest; see all in the interactive database.
95% Majority: yes · of votes cast
Description as filed by funds: Advisory Vote to Ratify Named Executive Officers' Compensation
BOSTON BEER COMPANY INC.’s own tally for this item (“2. The Class A Stockholders considered, on an advisory basis, the following non-binding resolution relating to executive compensation: "RESOLVED, that the compensation policies and procedures followed by the Company and ”): 6,649,043 for, 371,440 against, per its Form 8-K filed May 13, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Empower | 4,391 | 0 | 0 | 0 | For |
Fund voting reports, all 1 managers: 4,391 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| JPMorgan | 18,781 | 0 | 0 | 0 | For |
| APG Asset Management US Inc. | 0 | 5,323 | 0 | 0 | Against |
| ALGERT GLOBAL LLC | 1,510 | 0 | 0 | 0 | For |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | 113 | 0 | 0 | 0 | For |
| TD ASSET MANAGEMENT INC | 33 | 0 | 0 | 0 | For |
| Select Asset Management & Trust | 16 | 0 | 0 | 0 | For |
Institutional-manager reports, all 6 managers: 20,453 for, 5,323 against.
95% Majority: yes · of votes cast
Description as filed by funds: 14A Executive Compensation
BOSTON BEER COMPANY INC.’s own tally for this item (“2. The Class A Stockholders considered, on an advisory basis, the following non-binding resolution relating to executive compensation: "RESOLVED, that the compensation policies and procedures followed by the Company and ”): 6,649,043 for, 371,440 against, per its Form 8-K filed May 13, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 3 asset managers below reported 240 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| GRIMES & COMPANY, INC. | 214 | 0 | 0 | 0 | For |
| GYL FINANCIAL SYNERGIES, LLC | 25 | 0 | 0 | 0 | For |
| Pinnacle Family Advisors, LLC | 1 | 0 | 0 | 0 | For |
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 12,054,000 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 7.58% |
| 2 | Fidelity | 6.21% |
| 3 | T. Rowe Price | 4.67% |
| 4 | BlackRock | 4.00% |
| 5 | Dimensional | 1.00% |
| 6 | Charles Schwab | 0.91% |
| 7 | Baird | 0.88% |
| 8 | LONGLEAF PARTNERS FUNDS TRUST | 0.88% |
| 9 | State Street | 0.75% |
| 10 | Invesco | 0.67% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | T. Rowe Price | 7.50% |
| 2 | Fidelity | 5.13% |
| 3 | BlackRock | 2.55% |
| 4 | State Street | 2.08% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 1.22% |
| 6 | Man Group plc | 1.12% |
| 7 | Bridgewater | 1.05% |
| 8 | Charles Schwab | 0.92% |
| 9 | Putnam | 0.87% |
| 10 | Invesco | 0.72% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| Holder | % outstanding | Disclosure |
|---|---|---|
| C. James Koch | 18.84% | DEF14A |
| FMR LLC | 8.24% | DEF14A |
| Vanguard Group | 7.88% | 13F |
| T. Rowe Price Investment Management, Inc. | 7.72% | DEF14A |
| BlackRock | 6.49% | 13F |
| FMR (Fidelity) | 3.23% | 13F |
| Samuel A. Calagione, III | 2.80% | DEF14A |
| State Street | 2.29% | 13F |
| Morgan Stanley | 1.94% | 13F |
| Cynthia A. Fisher | 1.77% | DEF14A |
Percentages above are of 12,054,000 shares outstanding, as reported by BOSTON BEER COMPANY INC. on its Form 10-Q dated March 30, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from BOSTON BEER COMPANY INC.’s 10-Q dated March 30, 2024. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.
At BOSTON BEER COMPANY INC.'s shareholder meeting held May 7, 2024, in the 2023-2024 proxy season, 366 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,903 separate fund positions. Their filings are grouped here into 7 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. BOSTON BEER COMPANY INC.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — Advisory vote to approve our Named Executive Officers' executive compensation. — the reporting funds and managers cast 95% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.
BOSTON BEER COMPANY INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.
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