---
schema_version: "secwatch.filing_event.v1"
accession: "0001008654-23-000035"
form_type: "8-K"
ticker: null
cik: "0001008654"
company_name: "TUPPERWARE BRANDS CORP"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T11:47:57.713442+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Tupperware obtains $5.3M waiver, appoints CRO; expects Q1 rev ~$280-290M, going concern doubts

## Summary
- Borrowed $5.3M to pay past-due interest; credit waiver granted despite defaults on audited financials and interest payment.
- Appointed Brian J. Fox (Alvarez & Marsal) as Chief Restructuring Officer; also engaged Moelis & Co. to explore strategic alternatives.
- Expects Q1 2023 revenue of $280-290M (down materially YoY); 2022 10-K and Q1 2023 10-Q filings delayed.
- Identified additional prior-period misstatements and material weaknesses in internal controls; reaffirms substantial doubt about going concern.

## SEC filing metadata
- accession: 0001008654-23-000035
- form_type: 8-K
- cik: 0001008654
- company_name: TUPPERWARE BRANDS CORP
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1008654/000100865423000035/0001008654-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1008654/000100865423000035/tup-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001008654-23-000035
- JSON: https://secwatch.observer/filing/0001008654-23-000035.json
- Plain text: https://secwatch.observer/filing/0001008654-23-000035.txt

## Key facts
- Debt Financings
  TUPPERWARE BRANDS CORP amended credit facility of $5.3 million with Wells Fargo Bank, National Association, as administrative agent.
  - Instrument: credit facility
  - Principal: $5.3 million
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent
  - Event: amendment
  source text: The Amendment, among other things, (a) provides for a waiver of, inter alia , certain conditions to borrowings set forth in the Credit Agreement, which permitted the Company to make, on the effective date of the Amendment, a single borrowing under the Credit Agreement in the aggregate principal amount of $5.3 million (the proceeds of which were used on such date to pay past-due interest owing by the Company under the Credit Agreement) notwithstanding the existence of each of a default related to such past-due interest and an event of default resulting from the Company’s failure to timely deliver audited financials in respect of the fiscal year ended 2022 under the Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1008654/000100865423000035/0001008654-23-000035-index.htm
- Executive change
  Brian J. Fox was appointed as Chief Restructuring Officer at TUPPERWARE BRANDS CORP.
  - Action: appointed
  - Role: Chief Restructuring Officer
  source text: On May 4, 2023, the Company appointed Brian J. Fox of Alvarez & Marsal North America, LLC (“A&M”) as the Company’s Chief Restructuring Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1008654/000100865423000035/0001008654-23-000035-index.htm
- Material Agreements
  TUPPERWARE BRANDS CORP amended Fourth Amendment to Credit Agreement and Limited Waiver of Borrowing Conditions with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto (effective 2023-05-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
  - Effective: 2023-05-05
  source text: On May 5, 2023, the Company, Tupperware Products AG (together with the Company, collectively, the “Borrowers”), and certain other subsidiaries of the Company entered into the Fourth Amendment to Credit Agreement and Limited Waiver of Borrowing Conditions (the “Amendment”), amending that certain Credit Agreement dated as of November 23, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1008654/000100865423000035/0001008654-23-000035-index.htm

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