---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-139041"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:48:33.299861+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Boston Beer updates 2024 guidance after $26M supplier contract settlement; GAAP EPS lowered to $3.80-$5.80

## Summary
- Paid $26M to Rauch North America for amendment/restatement of production agreement, boosting flexibility and termination rights.
- Q4 pre-tax contract settlement expense of $26M ($1.70 per diluted share) from the cash payment.
- FY2024 GAAP EPS guidance cut from $5.50-$7.50 to $3.80-$5.80; non-GAAP EPS unchanged at $8.00-$10.00.
- Effective tax rate guidance increased from 30% to 34% due to settlement impact on pre-tax income.
- 2025 shortfall fee estimate of $14M unchanged; further 2025 guidance in February 2025 earnings.

## SEC filing metadata
- accession: 0000950170-24-139041
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949870/000095017024139041/0000950170-24-139041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000095017024139041/sam-20241220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-139041
- JSON: https://secwatch.observer/filing/0000950170-24-139041.json
- Plain text: https://secwatch.observer/filing/0000950170-24-139041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.