---
schema_version: "secwatch.filing_event.v1"
accession: "0000055242-23-000028"
form_type: "8-K"
ticker: "KMT"
cik: "0000055242"
company_name: "KENNAMETAL INC"
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:41:22.452382+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kennametal starts cost restructuring; expects $20M annual savings, $20M charge

## Summary
- Initiates action to streamline cost structure; expects ~$20M annualized pre-tax savings by end of FY2024.
- Pre-tax charge of ~$20M, primarily severance-related cash expenditures.
- No change to full year Fiscal 2023 outlook provided on May 1, 2023.

## SEC filing metadata
- accession: 0000055242-23-000028
- form_type: 8-K
- ticker: KMT
- cik: 0000055242
- company_name: KENNAMETAL INC
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55242/000005524223000028/0000055242-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55242/000005524223000028/kmt-20230602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055242-23-000028
- JSON: https://secwatch.observer/filing/0000055242-23-000028.json
- Plain text: https://secwatch.observer/filing/0000055242-23-000028.txt

## Key facts
- Restructurings & Charges
  KENNAMETAL INC announced a restructuring with charges of approximately $20 million.
  - Type: restructuring
  - Charge: approximately $20 million
  source text: The Company expects to incur a pre-tax charge of approximately $20 million in connection with the execution of this initiative, which is anticipated to be primarily severance-related cash expenditures.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55242/000005524223000028/0000055242-23-000028-index.htm

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