SEC Filing Summary: Boston Beer Co Inc (8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by The Boston Beer Company, Inc. on June 10, 2003. The report discloses a material corporate action regarding the company's share repurchase program.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, or cash flow data. The only specific financial figures disclosed relate to the stock repurchase program:
- Repurchase Program Limit: Increased to $70,000,000.
- Total Shares Repurchased: Approximately 6,014,000 shares.
- Aggregate Cost of Repurchases: Approximately $58,365,000.
Material Changes
The Board of Directors increased the aggregate expenditure limitation on the Class A Common Stock repurchase program by $10,000,000, raising the total limit from $60,000,000 to $70,000,000.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the disclosure of the increased repurchase authorization.
Key Facts for Investor Verification
- Verify the remaining authorization under the repurchase program ($11,635,000) based on the $70,000,000 limit and $58,365,000 spent.
- Confirm the current share count and the impact of the 6,014,000 repurchased shares on outstanding equity.
- Review subsequent filings for any further increases to the repurchase limit or changes in execution strategy.