secwatch.observer — SEC 8-K summary
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Issuer:     Koppers Holdings Inc. (KOP)
CIK:        0001315257
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0000950170-24-133737
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koppers to cease phthalic anhydride production at Stickney, IL facility by mid-2025, expects $51-55M pre-tax charges
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- Pre-tax charges of $51-55M through end of 2026; $28M non-cash, $23-27M cash for cleaning, demolition, severance.
- Closure impacts ~25 employees; coal tar distillation operations at Stickney will continue unchanged.
- Decision driven by significant near-term capital requirements and declining coal-tar feedstock availability.
- Savings from closure incorporated into 2025 targets: $300M adjusted EBITDA and $65-75M capex.
- Environmental benefit: annual emissions of regulated air contaminants expected to drop 50-70%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315257/000095017024133737/0000950170-24-133737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315257/000095017024133737/kop-20241205.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-133737

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