{"schema_version":"secwatch.filing_event.v1","accession":"0000041719-23-000038","form_type":"8-K/A","ticker":"MAGN","cik":"0000041719","company_name":"Magnera Corp","filed_at":"2023-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.351173+00:00","generated_at":"2026-06-11T09:45:47.847247+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Glatfelter sells Ober-Schmitten facility to Ostrest GmbH; expects ~$15M loss","bullets":["Sale of Ober-Schmitten GmbH and related Asia distributor operations to Ostrest GmbH effective Aug. 15, 2023.","Glatfelter receives no proceeds and expects to record a loss of approx. $15M on the sale.","Prior closure plan reversed; employee separation charges of ~$10.4M will be reversed in Q3 2023 financials.","Other associated costs of ~$0.4M not reversed; no additional costs expected beyond transition services.","Site remains fully operational under new ownership; transition services through Dec. 2023 (may extend to Mar. 2024)."],"urls":{"canonical":"https://secwatch.observer/filing/0000041719-23-000038","json":"https://secwatch.observer/filing/0000041719-23-000038.json","markdown":"https://secwatch.observer/filing/0000041719-23-000038.md","text":"https://secwatch.observer/filing/0000041719-23-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/41719/000004171923000038/0000041719-23-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/41719/000004171923000038/glt-20230531.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T09:45:47.847247+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":"f3342e18274266f96353bfdf63bc5dff410dd1ad","claim":"Magnera Corp announced a restructuring with charges of approximately $15 million affecting Glatfelter Ober-Schmitten GmbH (Ober-Schmitten facility in Germany) and related distributor operations in Asia (approximately $10.4 million of cash expenses in connection with employee separation benefits).","evidence_excerpt":"The Company will not receive any proceeds from the sale and expects to record a loss of approximately $15 million on the sale.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/41719/000004171923000038/0000041719-23-000038-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $15 million"},{"label":"Affected area","value":"Glatfelter Ober-Schmitten GmbH (Ober-Schmitten facility in Germany) and related distributor operations in Asia"},{"label":"Headcount","value":"approximately $10.4 million of cash expenses in connection with employee separation benefits"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}