secwatch.observer — SEC 8-K summary
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Issuer:     KAMAN Corp (—)
CIK:        0000054381
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0000054381-22-000069
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.05, 2.06, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kaman closes Orlando facility by 2024; expects $8-10M restructuring charges, $12-15M annual savings
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- Orlando, FL manufacturing facility to permanently close by end of 2024; JPF production consolidates to Middletown, CT.
- Pre-tax restructuring charges estimated at $8-10M, ~$8M in net cash payments; annualized run-rate cost savings of $12-15M.
- Goodwill of $41.4M associated with KPP-Orlando reporting unit may be impaired based on quantitative assessment.
- Company continues portfolio reshaping; plans to provide annualized cost savings estimate and update in early Q1 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/54381/000005438122000069/0000054381-22-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/54381/000005438122000069/kamn-20221207.htm
  HTML page:      https://secwatch.observer/filing/0000054381-22-000069

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