Fathom Digital Manufacturing Corp: restructuring charge — Fathom Digital Manufacturing to close Miami Lakes facility; expects $3.2M in pre-tax charges

Fathom Digital Manufacturing Corp

Board authorized closure of Miami Lakes, FL facility due to persistent profitability challenges.
Expected pre-tax charges of ~$3.2M: $0.6M severance, $2.4M asset write-down, $0.2M other costs.
Cash expenditure for closure estimated at ~$0.8M; facility lease expires March 2024.
Approximately 50 employees affected; closure substantially complete by end of Q2 2024.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Fathom Digital Manufacturing Corp announced a restructuring with charges of totaling approximately $3.2 million affecting Miami Lakes, Florida manufacturing facility (approximately 50 people).

Type: restructuring
Charge: totaling approximately $3.2 million
Affected area: Miami Lakes, Florida manufacturing facility
Headcount: approximately 50 people

Exact text from the filing

of persistent and continuing profitability challenges experienced at the facility. The Company expects to incur pre-tax charges related to the closure totaling approximately $3.2 million, consisting of approximately $0.6 million in severance and other employee-related costs, approximately $2.4 million in fixed asset and facility related write-down expenses, and

View on SEC.gov

Browse all restructurings & charges →

Source: SEC EDGAR

accession 0000950170-24-007184

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.