Boston Beer CFO Diego Reynoso Steps Down; Matthew Murphy Named Interim CFO
SAM sits 20% above its 52-week low of $158.68 on light trading volume (0.3× avg).
Summary
Boston Beer's CFO is departing, and the company has named an internal interim successor with a transition bonus of up to $700,000.
Key Events · Executive and Board Changes · SAM
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CFO Departure
Diego Reynoso informed the company on August 17, 2026, that he is stepping down as Treasurer and CFO. He will remain through September 30, 2026, to support an orderly transition.
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Interim CFO Appointment
Matthew D. Murphy, age 57, currently Chief Accounting Officer and VP of Finance, will become interim Treasurer and CFO effective September 15, 2026. He previously held the interim CFO role from March to September 2023.
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Transition Bonus
Murphy will receive an Interim CFO Transition Bonus of up to $700,000, payable in four installments through March 1, 2028, contingent on continued employment. His base salary remains $416,000 with a 50% bonus target and $250,000 annual equity target.
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Permanent Search Underway
The Board has launched a formal search process to identify a permanent CFO replacement. No timeline for completion was disclosed.
Analysis · SAM · Manufacturing
CFO Diego Reynoso is leaving the company effective September 30, 2026, and Matthew Murphy, the current Chief Accounting Officer, will take over as interim CFO and Treasurer starting September 15. The departure is not related to any disagreement, but it comes at a delicate time — Boston Beer recently guided for a full-year loss driven by a massive litigation charge, and the company is in the middle of a $25 million buyback program. Murphy is a known quantity, having previously served as interim CFO in 2023, and he will receive up to $700,000 in transition bonuses for stepping in. The board has launched a formal search for a permanent replacement, which adds uncertainty about financial leadership during a period of earnings pressure.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SAM was trading at $190.50 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2B. The 52-week trading range was $158.68 to $264.46. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.