How Koch was paid
$5,695 in total for fiscal Year 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Options | Other | Total |
|---|---|---|---|---|---|---|
| Jim KochCEO, Brewer & Founder | $0 | $0 | $0 | $0 | $5,695 | $5,695 |
| Diego ReynosoChief Financial Officer | $639,120 | $455,373 | $3,500,512 | $0 | $14,742 | $4,609,747 |
| Phil HodgesChief Operating Officer | $647,336 | $461,246 | $7,000,621 | $9,000,035 | $96,504 | $17,205,742 |
| Michael CrowleyChief Sales Officer | $443,269 | $252,663 | $2,000,620 | $0 | $18,270 | $2,714,823 |
| Tara HeathChief Legal Officer, General Counsel | $417,740 | $238,112 | $2,000,620 | $0 | $16,060 | $2,672,532 |
| Michael SpillaneFormer President & CEO | $803,519 | $874,281 | $1,000,188 | $6,200,161 | $14,685 | $8,892,835 |
What changed and why
- Founder Jim Koch succeeded Michael Spillane as President and CEO in August 2025 and elected to forgo salary and bonus.
- $8.9MFormer CEO Michael Spillane received total compensation of $8,892,835 for his service during fiscal 2025.
- $1.965BNet revenue decreased by 2.4% to $1.965 billion compared to fiscal 2024.
- 4%Depletions decreased by 4% while shipments decreased by 4.7% to 7.1 million barrels.
- 93.9%Say-on-pay received favorable support of 93.9% from stockholders at the prior annual meeting.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.