---
schema_version: "secwatch.filing_event.v1"
accession: "0000078239-23-000104"
form_type: "8-K"
ticker: "PVH"
cik: "0000078239"
company_name: "PVH CORP. /DE/"
filed_at: "2023-07-11T23:59:59+00:00"
generated_at: "2026-06-13T10:20:03.220465+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PVH announces additional $50M severance costs under restructuring plan

## Summary
- Severance expense of ~$50M primarily in Q2 2023; cash payments over next 12 months.
- Costs excluded from non-GAAP results and not included in prior FY2023 earnings guidance.
- Previous $20M severance incurred in 2022 under same plan; annual savings target >$100M.
- Additional actions expected in Q3 2023 with severance costs not yet estimable.
- Global office headcount reduction target of ~10% by end of 2023 to drive efficiencies.

## SEC filing metadata
- accession: 0000078239-23-000104
- form_type: 8-K
- ticker: PVH
- cik: 0000078239
- company_name: PVH CORP. /DE/
- filed_at: 2023-07-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78239/000007823923000104/0000078239-23-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78239/000007823923000104/pvh-20230711.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000078239-23-000104
- JSON: https://secwatch.observer/filing/0000078239-23-000104.json
- Plain text: https://secwatch.observer/filing/0000078239-23-000104.txt

## Key facts
- Restructurings & Charges
  PVH CORP. /DE/ announced a restructuring with charges of approximately $50 million affecting global offices.
  - Type: restructuring
  - Charge: approximately $50 million
  - Affected area: global offices
  source text: The Company announced additional headcount reductions under these plans on July 11, 2023 for which it expects to incur approximately $50 million of severance expense, primarily in the second quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/78239/000007823923000104/0000078239-23-000104-index.htm

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