- Craft Brew Alliance (BREW +7.7%) pops after the company outlined in a SEC filing how executives will be compensated in the event of an acquisition.
- Top executive officer will receive 18 months of salary in a cash payment, an annual target bonus, and a payment covering 18 months of health COBRA coverage if a buyout deal is struck.
- The company defines a change in control as an acquisition by a person or group of more than 50% of its outstanding stock, the replacement of a majority of the directors during a 12-month period, or an acquisition by a person or group of assets representing at least 75% of the market value of BREW's assets.
- SEC Form 8-K