---
schema_version: "secwatch.filing_event.v1"
accession: "0000054381-23-000004"
form_type: "8-K"
ticker: null
cik: "0000054381"
company_name: "KAMAN Corp"
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:18:41.575557+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kaman discontinues K-MAX production, cuts 3 exec roles, targets $25M annual savings

## Summary
- Restructuring includes discontinuing K-MAX and K-MAX TITAN production; $25M annual run-rate cost savings expected.
- Pre-tax restructuring charges estimated at $10-12M cash plus ~$54M non-cash write-downs; ~$61M recorded in Q4 2022.
- Three executive officers to depart Jan 27: COO Russell Bartlett, GC Shawn Lisle, CIO Rafael Cohen; severance disclosed.
- Ian Walsh temporarily manages Structures; Carroll Lane adds Engineered Products; Richard Smith becomes GC; Roy Dilig VP-IT.

## SEC filing metadata
- accession: 0000054381-23-000004
- form_type: 8-K
- cik: 0000054381
- company_name: KAMAN Corp
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 2.06, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/0000054381-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/kamn-20230117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000054381-23-000004
- JSON: https://secwatch.observer/filing/0000054381-23-000004.json
- Plain text: https://secwatch.observer/filing/0000054381-23-000004.txt

## Key facts
- Executive change
  Rafael Z. Cohen resigned as Vice President and Chief Information Officer at KAMAN Corp.
  - Action: resigned
  - Role: Vice President and Chief Information Officer
  source text: • Rafael Z. Cohen, Vice President and Chief Information Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/0000054381-23-000004-index.htm
- Executive change
  Richard S. Smith, Jr. changed role as Senior Vice President and General Counsel at KAMAN Corp.
  - Action: promoted
  - Role: Senior Vice President and General Counsel
  source text: Richard S. Smith, Jr., Vice President, Deputy General Counsel and Secretary, will become Senior Vice President and General Counsel of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/0000054381-23-000004-index.htm
- Executive change
  Russell J. Bartlett resigned as Senior Vice President and Chief Operating Officer at KAMAN Corp.
  - Action: resigned
  - Role: Senior Vice President and Chief Operating Officer
  source text: • Russell J. Bartlett, Senior Vice President and Chief Operating Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/0000054381-23-000004-index.htm
- Executive change
  Roy Dilig changed role as Vice President – Information Technology at KAMAN Corp.
  - Action: promoted
  - Role: Vice President – Information Technology
  source text: Roy Dilig, Director of Information Technology for the Company’s Bal Seal Engineering subsidiary, will become Vice President – Information Technology of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/0000054381-23-000004-index.htm
- Executive change
  Shawn G. Lisle resigned as Senior Vice President, General Counsel, Chief Ethics and Compliance Officer and Assistant Secretary at KAMAN Corp.
  - Action: resigned
  - Role: Senior Vice President, General Counsel, Chief Ethics and Compliance Officer and Assistant Secretary
  source text: • Shawn G. Lisle, Senior Vice President, General Counsel, Chief Ethics and Compliance Officer and Assistant Secretary
  evidence_url: https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/0000054381-23-000004-index.htm
- Restructurings & Charges
  KAMAN Corp announced a restructuring with charges of $10 to $12 million affecting company-wide (reducing headcount).
  - Type: restructuring
  - Charge: $10 to $12 million
  - Affected area: company-wide
  - Headcount: reducing headcount
  source text: the Company currently expects to incur approximately $10 to $12 million in total pre-tax restructuring charges, consisting of approximately $9 to $10 million of future cash expenditures relating to various headcount reduction and personnel initiatives
  evidence_url: https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/0000054381-23-000004-index.htm
- Restructurings & Charges
  KAMAN Corp announced a impairment with charges of $54 million of noncash charges affecting inventories and fixed assets.
  - Type: impairment
  - Charge: $54 million of noncash charges
  - Affected area: inventories and fixed assets
  source text: approximately $54 million of noncash charges relating to the write down of existing aircraft, contract costs, excess spare parts and equipment inventories
  evidence_url: https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/0000054381-23-000004-index.htm

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