Despite booming demand for its beer, the pay of top officials at Boston Beer Co., makers of Samuel Adams beers, fell last year.
Jim Koch, the brewery’s chairman and public face, made $918,000 last year, and Boston Beer Co. chief executive Martin Roper made $1.2 million. Although the company’s sales rose 22 percent last year and its payouts to shareholders grew, the pay for the company’s top five executives fell 8 percent because the Jamaica Plain brewery didn’t meet its goals.
“Overall, the company’s anticipated growth was higher in 2014 than in 2013, which ultimately resulted in more aggressive bonus goals for 2014,” the brewery said in its annual proxy statement posted online Wednesday.
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The Boston Beer Co. is the second-largest craft brewer in the United States, and it has seen massive growth as the sector has taken off over the past several years. The executive pay packages were disclosed in a company notice of its annual shareholder meeting, and they will be subject to a non-binding, advisory vote by shareholders.
Jack Newsham can be reached at jack.newsham@globe.com. Follow him on Twitter @TheNewsHam.