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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
 Form 10-K/A
 
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    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the year ended December 31, 2007
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    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from                      to                     .
 Commission file number 0-27116
 
 Pyramid Breweries Inc.
  Washington
    
    91-1258355(State or other jurisdiction of 
incorporation or organization)
    
    (IRS Employer
Identification No.)
 91 South Royal Brougham Way
Seattle, WA 98134  (Address of principal executive offices)
 (206) 682-8322  (Registrants telephone number, including area code)   Securities registered pursuant to Section 12(b) of the Act:
None
 Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $.01 per share
 
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  Large Accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
    
    Smaller reporting company þ
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PYRAMID BREWERIES INC.
AMENDMENT TO ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2007
 TABLE OF CONTENTS  PART IVItem 15. Exhibits, Financial Statement SchedulesSIGNATURESEXHIBIT INDEXEXHIBIT 31.1EXHIBIT 31.2EXHIBIT 32.1EXHIBIT 32.2    Table of Contents  PART IV
 Item 15.
    
    Exhibits, Financial Statement Schedules
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EXPLANATORY NOTE
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PART IV
 
 Item 15.
    
    Exhibits, Financial Statement Schedules
 Documents filed as part of this report are as follows:
 3.
    
    Exhibits:The required exhibits are included at the end of this report and are described in the Exhibit Index.
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SIGNATURES
  PYRAMID BREWERIES INC.
(Registrant)By:
    /s/ SCOTT S. BARNUMScott S. BarnumChief Executive Officer 5




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EXHIBIT INDEX
  ExhibitNo.
    
    Description3.1
    
    Amended and Restated Articles of Incorporation of Registrant(1)3.2
    
    Form of Amended and Restated Bylaws of Registrant(1)3.3
    
    Rights Agreement between ChaseMellon Shareholder Services LLC and the Registrant dated June 14, 1999(2)4.1
    
    Form of Common Stock Certificate(1)10.1
    
    Lease between Harold W. Hill and the Registrant dated April 13, 1994(3)10.2
    
    Addendum of Lease between Harold W. Hill and the Registrant dated November 28, 1994(3)10.3
    
    Second Addendum of Lease between 1201 Building L.L.C. and the Registrant dated June 26, 1995(3)10.4
    
    Distribution Agreement between the Registrant and Alaska Distributors Co. dated June 24, 2005(4)10.5*
    
    Registrants Non-Employee Director Stock Option Plan(3)10.6*
    
    Form of Non-Qualified Stock Option Agreement(3)10.7
    
    Assignment, Assumption and Consent Agreement between KLP Properties, Inc., Faultline Brewing Company
Inc., and the Registrant dated October 26, 2001(5)10.8
    
    Sublease between KLP Properties, Inc. and Faultline Brewing Company, Inc. dated April 3, 1996(5)10.9
    
    Lease between Peter Vasconi and the James and Maura Belka Trust dated December 28, 1995(5)10.10
    
    Commercial Lease between County Supervisors Association of California and Pyramid Breweries Inc. dated
April 15, 2002(6)10.11
    
    Registrants 2003 Employee Stock Purchase Plan(6)10.12*
    
    Registrants Non-Employee Director Stock Compensation Plan(5)10.13
    
    Asset Purchase Agreement between Pyramid Breweries Inc., Portland Brewing Company and PBC Acquisition,
LLC dated January 26, 2004(7)10.14*
    
    Registrants 2004 Equity Incentive Plan(8)10.15
    
    Promissory Note from Pyramid Gilman Street Property, LLC to Morgan Stanley Capital Inc.(9)10.16
    
    Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing between Pyramid
Gilman Street Property, LLC and Morgan Stanley Mortgage Capital Inc.(9)10.17
    
    Reserve and Security Agreement between Pyramid Gilman Street Property, LLC and Morgan Stanley Mortgage
Capital Inc.(9)10.18
    
    Guaranty of Recourse Obligations of Borrower from Pyramid Breweries Inc. to Morgan Stanley Mortgage
Capital Inc.(9)10.19
    
    Indemnification Agreement between Pyramid Breweries Inc. and Portland Brewing Company dated February
14, 2006(10)10.20
    
    Indenture of Lease (Alehouse) between MacTarnahan Limited Partnership dba Harmer Company and PBC
Acquisition, LLC dated July 31, 2004(10)10.21
    
    Indenture of Lease (Brewery) between MacTarnahan Limited Partnership dba Harmer Company and PBC
Acquisition, LLC dated July 31, 2004(10)
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10.22
    
    Lease Extension Agreement between MacTarnahan Limited Partnership and PBC Acquisition, LLC dated July
31, 2006(4)10.23
    
    Assignment and Assumption of Lease (Alehouse) between PBC Acquisition, LLC and Pyramid Breweries Inc.
dated October 27, 2006(4)10.24
    
    Assignment and Assumption of Lease (Brewery) between PBC Acquisition, LLC and Pyramid Breweries Inc.
dated October 27, 2006(4)10.25
    
    Commercial Security Agreement pursuant to Line of Credit with First Mutual Bank dated May 14, 2004, as
amended(9)10.26*
    
    Directors Compensation Plan(10)10.27*
    
    2006 Officers Incentive Compensation Plan Policy(11)10.28*
    
    Employment Agreement between the Registrant and Gary McGrath(11)10.29*
    
    Employment Agreement between the Registrant and Mark House(11)10.30*
    
    Employment Agreement between the Registrant and Patrick Coll(11)10.31*
    
    Employment Agreement between the Registrant and Scott Barnum(12)10.32*
    
    Employment Agreement between the Registrant and Michael OBrien(13)10.33*
    
    Amended Employment Letter between the Registrant and Michael OBrien dated October 17, 2007 **10.34*
    
    Employment Agreement between the Registrant and Tim McGettigan **10.35*
    
    Employment Separation Agreement between the Registrant and Gary McGrath**10.36*
    
    Employment Separation Agreement between the Registrant and Patrick Coll**10.37*
    
    Form of Restricted Stock Agreement (Annual Award)(4)10.38*
    
    Form of Restricted Stock Agreement (Annual Performance Award)(4)10.39
    
    Summary of Termination of Portland Brewing Agreements(14)10.40
    
    Assets Purchase Agreement between Registrant and The Kemper Company dated January 2, 2007(15)10.41
    
    Settlement and Release Agreement between Registrant, Portland Brewing Company and the US Department of
Treasury-Alcohol and Tobacco, Tax & Trade Bureau dated November 10, 2006(4)21.1
    
    Subsidiaries of Pyramid Breweries Inc. **23.1
    
    Consent of Moss Adams LLP **31.1
    
    Certification Pursuant to 18 U.S.C Section 1350, as Adopted Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002: Scott S. Barnum, President and Chief Executive Officer31.2
    
    Certification Pursuant to 18 U.S.C Section 1350, as Adopted Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002: Michael R. OBrien, Chief Financial Officer and Vice President of Finance32.1
    
    Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002: Scott S. Barnum, President and Chief Executive Officer32.2
    
    Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002: Michael R. OBrien, Chief Financial Officer and Vice President of Finance
 
 *
    
    Indicates management contract or compensatory plan or arrangement**
    
    Previously Filed with Annual Report(1)
    
    Incorporated by reference to the Registrants Annual Report on Form 10-K/A for the year ended December 31,
2003, as amended December 10, 2004.(2)
    
    Incorporated by reference to the Current Report on Form 8-K dated June 17, 1999. 7




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(3)
    
    Incorporated by reference to the exhibits filed as part of the Registration Statement on Form S-1 of Pyramid
Breweries Inc. (File No. 33-97834).(4)
    
    Incorporated by reference to the Registrants Annual Report on Form 10-K for the year ended December 31, 2006.(5)
    
    Incorporated by reference to the Registrants Annual Report on Form 10-K for the year ended December 31, 2001.(6)
    
    Incorporated by reference to the Registrants Annual Report on Form 10-K for the year ended December 31, 2002.(7)
    
    Incorporated by reference to the Current Report on Form 8-K January 28, 2004.(8)
    
    Incorporated by reference to the Registrants Form S-8 dated July 22, 2004.(9)
    
    Incorporated by reference to the Registrants Annual Report on Form 10-K/A for the year ended December 31,
2004, as amended April 11, 2005, May 4, 2005 and June 10, 2005.(10)
    
    Incorporated by reference to the Registrants Annual Report on Form 10-K for the year ended December 31, 2005.(11)
    
    Incorporated by reference to the Current Report on Form 8-K May 11, 2006.(12)
    
    Incorporated by reference to the Current Report on Form 8-K dated November 9, 2006.(13)
    
    Incorporated by reference to the Registrants Quarterly Report on Form 10-Q for the quarter ended June 30, 2006.(14)
    
    Incorporated by reference to the Current Report on Form 8-K October 4, 2006.(15)
    
    Incorporated by reference to the Current Report on Form 8-K January 5, 2007. 8