{"schema_version":"secwatch.filing_event.v1","accession":"0000037785-23-000188","form_type":"8-K","ticker":"FMC","cik":"0000037785","company_name":"FMC CORP","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.675077+00:00","generated_at":"2026-06-07T11:31:47.113130+00:00","sec_items":["2.05","2.06"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"medium","headline":"FMC launches 'Project Focus' restructuring; targets $150M+ annual savings by end 2025","bullets":["Program aims to deliver $50-75M in adjusted EBITDA contribution in 2024 and $150M+ annual run-rate savings by end 2025.","Initial severance and related costs for actions already underway estimated at $20-40 million.","Restructuring driven by unprecedented crop protection market downturn causing severe channel destocking in 2023.","Actions include asset write-offs, workforce reductions, and inventory liquidation; substantially complete by end 2025.","Company unable to estimate total material charges yet; will file amendment when available."],"urls":{"canonical":"https://secwatch.observer/filing/0000037785-23-000188","json":"https://secwatch.observer/filing/0000037785-23-000188.json","markdown":"https://secwatch.observer/filing/0000037785-23-000188.md","text":"https://secwatch.observer/filing/0000037785-23-000188.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/37785/000003778523000188/0000037785-23-000188-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/37785/000003778523000188/fmc-20231215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:31:47.113130+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"20f24242de9a08d4933f0c58f0694fc3f149d324","claim":"FMC CORP announced a restructuring with charges of $20 to $40 million affecting Brazil business and select jurisdictions.","evidence_excerpt":"The Company estimates severance charges and other costs for initial actions already underway through Project Focus to be in the range of $20 to $40 million.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/37785/000003778523000188/0000037785-23-000188-index.htm","confidence":0.7,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$20 to $40 million"},{"label":"Affected area","value":"Brazil business and select jurisdictions"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}