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Select Board approves Roche Brothers corporate reorganization, stock transfer for Sudbury Farms
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Summary
The Sudbury Select Board voted unanimously Nov. 6 to approve a two‑part application by RBSBW Inc. (Roche Brothers/Sudbury Farms): a technical corporate reorganization of parent entities and a transfer of 51% beneficial interest to Michael Buzzuto and an employee stock option plan; staff said store operations will not change.
The Sudbury Select Board on Nov. 6 voted to approve a two‑part application from RBSBW Inc., the licensee doing business as Sudbury Farms (Roche Brothers), that requested (1) a financial reorganization of upper‑tier parent companies for tax purposes and (2) a change of beneficial interest including the transfer of a 51% interest to Michael Buzzuto and an employee stock option ownership plan.
Andrew Upton, counsel for the applicant, said the submissions are mostly technical corporate changes to parent entities; he told the board the licensee entity holding any liquor license (RB SBW) will remain the same. "There will be no change to any aspect of operations at the Sudbury store," Upton said, and noted the applications have been pre‑approved by the Massachusetts Alcoholic Beverages Control Commission (ABCC).
Staff reviewed the filings and reported no concerns. No public comment was offered during the hearing. The board closed the evidentiary period, then took two roll‑call votes to approve Action 1 (financial reorganization) and Action 2 (change of beneficial interest and stock issuance). Each vote passed by unanimous roll‑call "aye." The board thanked the applicants and wished the business continued success.
Next steps: approvals will be recorded in the licensing files and any ABCC follow‑up will proceed through the normal regulatory process.
