---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-071922"
form_type: "8-K"
ticker: "ACCO"
cik: "0000712034"
company_name: "ACCO BRANDS Corp"
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T10:14:26.910356+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ACCO Brands to close Sidney NY facility, record $9M restructuring charge in Q4 2023

## Summary
- Plan to close Sidney, NY facility affecting ~300 employees; manufacturing outsourced, distribution moved to Booneville, MS.
- Pre-tax restructuring charge of ~$9M in Q4 2023 for employee termination costs; additional $2M in 2024.
- Total cash expenditures expected to be $13M ($7M in 2024, $6M in 2025); no estimate for sale proceeds.
- Annualized cost savings of ~$12M expected when fully realized in calendar year 2025.

## SEC filing metadata
- accession: 0000950170-23-071922
- form_type: 8-K
- ticker: ACCO
- cik: 0000712034
- company_name: ACCO BRANDS Corp
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712034/000095017023071922/0000950170-23-071922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712034/000095017023071922/acco-20231214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-071922
- JSON: https://secwatch.observer/filing/0000950170-23-071922.json
- Plain text: https://secwatch.observer/filing/0000950170-23-071922.txt

## Key facts
- Restructurings & Charges
  ACCO BRANDS Corp announced a restructuring with charges of approximately $9 million affecting dated and planning products business (approximately 300 employees).
  - Type: restructuring
  - Charge: approximately $9 million
  - Affected area: dated and planning products business
  - Headcount: approximately 300 employees
  source text: 300 employees that will be impacted by the Plan. The Company expects to record a pre-tax restructuring charge for the period ending December 31, 2023 of approximately $9 million representing employee termination and benefit costs. We expect to record additional restructuring charges of $2 million during 2024 relating to the wind-up activities at Sidney.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712034/000095017023071922/0000950170-23-071922-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.