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

Issuer:     HELEN OF TROY LTD (HELE)
CIK:        0000916789
Form:       8-K/A
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0000916789-23-000046
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Helen of Troy cuts Project Pegasus restructuring estimate to $60-65M; extends to FY2025
--------------------------------------------------------------------------------

- Original estimate of $85-95M now lowered to $60-65M; completion pushed from FY2024 to FY2025.
- Charges: severance $22-25M, professional fees $30M, contract termination $5M, other $3-5M.
- Segment breakdown: Home & Outdoor $17-19M, Beauty & Wellness $43-46M, mostly cash expenditures.
- Annualized pre-tax savings target remains $75-85M, ~60% COGS, ~40% SG&A, substantially achieved by FY2026.
- Savings cadence: 25% in FY2024, 50% in FY2025, 25% in FY2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916789/000091678923000046/0000916789-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916789/000091678923000046/hele-20230929.htm
  HTML page:      https://secwatch.observer/filing/0000916789-23-000046

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