secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0000950170-24-139041
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000095017024139041/0000950170-24-139041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000095017024139041/sam-20241220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-139041

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