secwatch.observer — SEC 8-K summary
======================================

Issuer:     DENTSPLY SIRONA Inc. (XRAY)
CIK:        0000818479
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0000818479-23-000006
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dentsply Sirona approves restructuring; cuts 8-10% workforce, targets $200-225M annual savings
--------------------------------------------------------------------------------

- Global workforce reduction of 8-10%; new operating model with five global business units.
- Expects $200-225M annual cost savings within 18 months; up to $165M in one-time charges.
- One-time charges: ~$130M restructuring (employee severance, benefits) and ~$35M professional fees.
- Targets adjusted EPS of $3.00 for 2026; 2023 viewed as transition year.
- Also reviewing product portfolio at SKU level to reduce complexity and improve margins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818479/000081847923000006/0000818479-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818479/000081847923000006/xray-20230216.htm
  HTML page:      https://secwatch.observer/filing/0000818479-23-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer