secwatch.observer — SEC 8-K summary
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Issuer:     ADTRAN Holdings, Inc. (ADTN)
CIK:        0000926282
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0000950170-24-045151
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADTRAN to close Greifswald, Germany facility; expects $13.5M-$18.4M in costs
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- Facility closure part of previously announced Business Efficiency Program; to be completed by June 30, 2024.
- Total estimated costs $13.5M-$18.4M, including $13.3M-$17.6M cash severance and outplacement, $0.7M-$1.3M lease exit, and $0.2M non-cash depreciation.
- Cash payments expected to span into 2025; all charges incurred in fiscal 2024.
- Management does not anticipate other charges or cash expenditures from the closure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926282/000095017024045151/0000950170-24-045151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926282/000095017024045151/adtn-20240411.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-045151

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