BOSTON, May 13, 2015 /PRNewswire/ -- At a special
meeting of the Board of Directors of The Boston Beer Company, Inc.
(NYSE: SAM) held on May 8, 2015, the
Board voted to increase the aggregate expenditure limit for the
Company's Stock Repurchase Program by $50.0
million, thereby increasing the limit from $350.0 million to $400.0
million. Shares of the Company's Class A Common Stock
will be repurchased pursuant to a Rule 10b5-1 purchase plan.
As of May 8, 2015, the Company had
approximately $28.3 million remaining
on the $350.0 million stock
repurchase expenditure limit set by the Board of Directors.
About The Boston Beer Company, Inc.
The Boston Beer Company, Inc. (NYSE: SAM) began in 1984 and
today brews more than 60 styles of Samuel Adams beer. Our
portfolio of brands also includes Angry Orchard Hard Cider and
Twisted Tea, as well as several other craft beer brands brewed by
Alchemy & Science, our craft beer incubator. For more
information, please visit our investor relations website at
www.bostonbeer.com, which includes links to all of our respective
brand websites.
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SOURCE The Boston Beer Company, Inc.