JEAN-MICHEL VALETTE - Corporate Board Profile

BOSTON BEER CO INC

Filing Date	Source Excerpt
2016-04-13	Jean-Michel Valette Age: 55 Director Since: 2003; Lead Director since 2013 Committees: Nominating/Governance Committee, Audit Committee Director Compensation for Fiscal Year 2015 Jean-Michel Valette Fees Earned or Paid in Cash: $52,000 Option Awards: $114,915 Total: $166,915
2017-04-07	Jean-Michel Valette Age: 56 Director Since: 2003; Lead Director since 2013 Committees: Nominating/Governance Committee, Audit Committee Director Compensation for Fiscal Year 2016 Jean-Michel Valette Fees Earned or Paid in Cash: $52,000 Option Awards: $114,966 Total: $166,966
2018-04-06	Mr. Valette currently serves as an independent advisor ... He was named Boston Beer’s Lead Director in May 2013. Director Compensation for Fiscal Year 2017: $52,000 fees earned in cash, $114,989 option awards, total $166,989.
2019-04-05	Mr. Valette currently serves as an independent advisor to select branded consumer companies. He is also Chairman of the Board of Sleep Number Corporation (NASDAQ: SNBR), a Minneapolis-based bedding company. In July 2017, he joined the Board of Directors and sits on the Audit Committee of Intertek Group plc (LSE: IKTSF), a global quality assurance and testing company active across a broad range of sectors and geographies, based in London, England. Until November 2012, he was Chairman of the Board and a member of the Audit and Nominating/Governance Committees of Peet’s Coffee & Tea Inc., a California-based specialty coffee company; since then he is a Director and Chairman of its Audit and Valuation Committees. Until October 2006, he was also Chairman of Robert Mondavi Winery, a California wine company. Prior to assuming that position, he had served as President and Managing Director of Robert Mondavi Winery from October 2004 to January 2005. From May 2003 through May 2006, Mr. Valette served as a Class B Director of Boston Beer. Committees: Nominating/Governance Committee (Chair), Audit Committee (Chair), Compensation Committee
2020-04-03	Mr. Valette currently serves as an independent advisor... He has been a Class B director since May 2003... Committees: Audit Committee (Chair), Compensation Committee, Nominating/Governance Committee... He has served on our Nominating/Governance Committee since May 2004. He has also served as a member of our Audit Committee since May 2003, and the Committee's Chair since January 2019, and on our Compensation Committee since May 2018. He was named Boston Beer's Lead Director in May 2013... Director Compensation for Fiscal Year 2019... Jean-Michel Valette $59,000 $114,859 $173,859
2021-04-09	Mr. Valette currently serves as an independent advisor... Committees: Audit Committee (Chair), Compensation Committee... He has served on our Nominating/Governance Committee since May 2004. He has also served as a member of our Audit Committee since May 2003, and the Committee’s Chair since January 2019. He served on our Compensation Committee from May 2018 to May 2020. He was named Boston Beer’s Lead Director in May 2013.
2022-04-07	Mr. Valette currently serves as an independent advisor to select branded consumer companies. He has been on Boston Beer’s Board of Directors since May 2003. ... Committees: Audit Committee (Chair), Compensation Committee ... The following table sets forth certain information concerning the 2021 compensation of our non-employee Directors. Jean-Michel Valette Fees Earned or Paid in Cash $57,000 Option Awards $114,906 Total $171,906
2023-04-06	Mr. Valette currently serves as an independent advisor to select branded consumer companies. Committees: Audit Committee (Chair), Compensation Committee. He was named Boston Beer’s Lead Director in May 2013. In 2022, his total compensation was $172,023.
2024-03-28	Mr. Valette currently serves as an independent advisor to select branded consumer companies. ... Committees: Audit Committee (Chair), Nominating/Governance Committee ... In 2023, total compensation was $236,443.

Sleep Number Corp

Filing Date	Source Excerpt
2014-04-04	Jean-Michel Valette has served as a member of our Board of Directors since October 1994 and was elected Chairman of our Board in May 2010. ... The following table summarizes the total compensation paid or earned by each of the non-employee members of our Board of Directors for the 2013 fiscal year ended December 28, 2013. ... Jean-Michel Valette $256,468.
2016-04-01	Jean-Michel Valette Age 55 Occupation: Chairman of our Board since May 2010... The current members of each of the Board committees are identified in the table below... Jean-Michel Valette X... The following table summarizes the total compensation paid or earned by each of the non-employee members of our Board of Directors for the 2015 fiscal year ended January 2, 2016... Jean-Michel Valette 169,250 72,438 22,470 0 264,158
2017-04-04	Jean-Michel Valette Age 56 Occupation: Chairman of our Board since May 2010; Independent adviser to branded consumer companies; Currently serves as Lead Director of The Boston Beer Company; Served as Chairman of the Board of Directors of Peet’s Coffee and Tea, Inc. from January 2004 to October 2012; Also served as non-executive Chairman of the Robert Mondavi Winery from April 2005 to October 2006 and was its Managing Director from October 2004 to April 2005; Head of Branded Consumer Equity Research and Branded Consumer Venture Capital Investments at Hambrecht & Quist LLC, an investment banking firm, during the 1990s. Qualifications: Mr. Valette provides our Board with significant, relevant leadership and a proven track record of shareholder value creation with multiple successful branded consumer growth companies as well as valuable perspective in guiding the company on strategy, financial performance and corporate governance practices. Director Since 1994 Director Compensation Table: Jean-Michel Valette $270,900 total compensation in 2016.
2018-04-06	Jean-Michel Valette Age 57 Occupation: Chairman of our Board since May 2010; Independent adviser to branded consumer companies; Currently serves as Lead Director of The Boston Beer Company and as a Director of Intertek Group plc; Served as Chairman of the Board of Directors of Peet’s Coffee and Tea, Inc. from January 2004 to October 2012; Also served as non-executive Chairman of the Robert Mondavi Winery from April 2005 to October 2006 and was its Managing Director from October 2004 to April 2005; Head of Branded Consumer Equity Research and Branded Consumer Venture Capital Investments at Hambrecht & Quist LLC, an investment banking firm, during the 1990s. The Board maintains three standing committees, including an Audit Committee, a Management Development and Compensation Committee and a Corporate Governance and Nominating Committee. The current members of each of the Board committees are identified in the table below. Jean-Michel Valette* *In his capacity as non-executive Chairman of the Board, Mr. Valette generally attends all committee meetings. Director Compensation The following table summarizes the total compensation paid or earned by each of the non-employee members of our Board of Directors for the 2017 fiscal year ended December 30, 2017. Jean-Michel Valette Fees Earned or Paid in Cash: $178,750 Stock Awards: $71,075 Option Awards: $23,278 Total: $273,103
2019-04-02	Jean-Michel Valette Occupation: Chairman of our Board since May 2010; Independent adviser to branded consumer companies; Currently serves as Lead Director of The Boston Beer Company and as a Director of Intertek Group plc; Served as Chairman of the Board of Directors of Peet’s Coffee and Tea, Inc. from January 2004 to October 2012; Also served as non-executive Chairman of the Robert Mondavi Winery from April 2005 to October 2006 and was its Managing Director from October 2004 to April 2005; Head of Branded Consumer Equity Research and Branded Consumer Venture Capital Investments at Hambrecht & Quist LLC, an investment banking firm, during the 1980s and 1990s. Director Since 1994 Role: Chairman of the Board Director Compensation: $298,884 in total for 2018 fiscal year.
2020-03-31	Jean-Michel Valette Age 59 Occupation: Chairman of our Board since May 2010. Compensation: $316,998.
2021-03-30	Jean-Michel Valette Age 60 Director since 1994 Board Leadership Structure Our Board is currently comprised of nine independent Directors and one executive Director, Shelly R. Ibach, who has served as our President and Chief Executive Officer since June 2012. Since February 2008, the Board has determined to separate the positions of Chairman of the Board and Chief Executive Officer based on its review of the appropriate leadership structure at this time. Jean-Michel Valette, an independent Director, has served as Chairman of the Board since May 2010. The following table summarizes the total compensation paid or earned by each of the non-employee members of our Board of Directors for the 2020 fiscal year ended January 2, 2021. Jean-Michel Valette $208,769 $54,142 $18,154 $120 $281,185
2023-03-30	Jean-Michel Valette Age 62 Director since 1994 The Audit Committee is comprised entirely of independent Directors, currently including Barbara R. Matas (Chair), Stephen L. Gulis, Jr., Julie M. Howard, Deborah L. Kilpatrick, Ph.D. and Angel L. Mendez. The Management Development and Compensation Committee (the Compensation Committee) is comprised entirely of independent Directors, currently including Brenda J. Lauderback (Chair), Daniel I. Alegre, Phillip M. Eyler, Julie M. Howard and Jean-Michel Valette.