secwatch.observer — SEC 8-K summary
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Issuer:     ROGERS CORP (ROG)
CIK:        0000084748
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0000084748-24-000043
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rogers to close Belgium advanced circuit materials plant; expects $18-28M charges, $7-9M annual savings
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- Cessation of advanced circuit materials manufacturing at Evergem, Belgium facility by mid-2025.
- Expected total charges of $18-28M, primarily employee severance and accelerated depreciation.
- Annual operating profit improvement of $7-9M once fully implemented.
- Customer support to continue from existing China and US manufacturing footprint.
- Subject to consultation process with works council; cash outflows mostly in FY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84748/000008474824000043/0000084748-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84748/000008474824000043/rog-20240606.htm
  HTML page:      https://secwatch.observer/filing/0000084748-24-000043

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