---
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"
generated_at: "2026-06-07T11:31:47.113130+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# FMC launches 'Project Focus' restructuring; targets $150M+ annual savings by end 2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 2.05, 2.06
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000037785-23-000188
- JSON: https://secwatch.observer/filing/0000037785-23-000188.json
- Plain text: https://secwatch.observer/filing/0000037785-23-000188.txt

## Key facts
- Restructurings & Charges
  FMC CORP announced a restructuring with charges of $20 to $40 million affecting Brazil business and select jurisdictions.
  - Type: restructuring
  - Charge: $20 to $40 million
  - Affected area: Brazil business and select jurisdictions
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/37785/000003778523000188/0000037785-23-000188-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.