secwatch.observer — SEC 8-K summary
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Issuer:     Ingredion Inc (INGR)
CIK:        0001046257
Form:       8-K
Filed at:   2025-01-06T23:59:59+00:00
Accession:  0001046257-25-000003
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.05, 2.06
LLM model:  deepseek-v4-flash:cloud@v2

Ingredion to cease operations at Vanscoy plant protein facility; expects ~$66M pre-tax charges
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- Ceasing operations at Vanscoy, Saskatchewan plant protein concentrates and flour facility effective Jan 6, 2025, after strategic review.
- Expects $65M pre-tax non-cash impairment charges (fixed assets & inventory) and ~$1M cash costs for employee severance and termination.
- Majority of charges in Q4 2024; remainder through Q4 2025. Facility to be sold, no contract yet.
- Approximately 20 employees affected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046257/000104625725000003/0001046257-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046257/000104625725000003/ingr-20241231.htm
  HTML page:      https://secwatch.observer/filing/0001046257-25-000003

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