secwatch.observer — SEC 8-K summary
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Issuer:     Fathom Digital Manufacturing Corp (—)
CIK:        0001836176
Form:       8-K/A
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0000950170-23-004256
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Fathom expands restructuring plan; expects $2.6M in charges, $19.5M annual savings
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- Expanded Optimization Plan includes closing Texas facility and additional 14% workforce reduction.
- Total pre-tax restructuring charges now estimated at $2.6M, up from $2.0M originally.
- Expected net pre-tax annualized cost savings increased to $19.5M from $5.5M.
- Cash expenditures for the plan expected to be ~$1.6M; implementation substantially complete by Q2 2023.
- Charges include $1.0M termination benefits, $1.0M equipment/inventory write-offs, $0.3M lease termination, $0.3M moving costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836176/000095017023004256/0000950170-23-004256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836176/000095017023004256/fath-20230217.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-004256

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