secwatch.observer — SEC 8-K summary
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Issuer:     FOSTER L B CO (FSTR)
CIK:        0000352825
Form:       8-K/A
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0000352825-23-000102
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L.B. Foster revises exit costs up to $4.5-4.8M for bridge grid deck product line exit
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- Non-cash impairment charges increased to $2.2-2.3M from $1.4-1.5M.
- Cash exit costs now expected $2.3-2.5M vs. prior $1.2-1.4M.
- Total product line exit costs revised to $4.5-4.8M, up from $2.6-2.9M.
- Cash severance and retention unchanged at $1.0-1.2M.
- Exit expected substantially complete by December 31, 2023 in Steel Products segment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352825/000035282523000102/0000352825-23-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352825/000035282523000102/fstr-20230825.htm
  HTML page:      https://secwatch.observer/filing/0000352825-23-000102

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