secwatch.observer — SEC 8-K summary
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Issuer:     KAMAN Corp (—)
CIK:        0000054381
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0000054381-23-000004
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.05, 2.06, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/0000054381-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/54381/000005438123000004/kamn-20230117.htm
  HTML page:      https://secwatch.observer/filing/0000054381-23-000004

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