The Boston Beer Company, Inc. - Form 8-K Filing

On April 6, 2026, a jury in the United States District Court for the Northern District of Illinois returned a verdict in favor of Ardagh Metal Packaging USA Corp. and against The Boston Beer Company, Inc. The verdict includes approximately $175.5 million in damages payable by The Boston Beer Company, Inc. to Ardagh, after offsetting the latter's damages from the Company's counterclaim. The Company denies breaching the contract and intends to pursue post-trial motions and appeals. The Company estimates it will record a pre-tax, one-time litigation expense of $175.5 million plus any accrued interest. This amount is within the previously disclosed range of zero to $300 million. The Company expects to fund any potential judgment through existing cash reserves and its line of credit. The Company reported $223.4 million in cash and $150 million available on its line of credit as of December 27, 2025. The payment is not expected to materially impact operating plans. The Company will maintain its previously announced share repurchase plan. The Company is scheduled to release its first quarter 2026 financial statements on April 30, 2026.