secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0001104659-22-123056
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inotiv announces additional site consolidation plans in U.S. and proposed consolidation in Europe and U.K.
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- Closing two isolator facilities in Indianapolis, IN, consolidating into existing U.S. facilities by end of fiscal year 2023.
- Proposes consolidation of facilities in Gannat, France and Blackthorn, U.K. into Horst, Netherlands and Hillcrest, U.K., pending consultation with employee representatives.
- Completed site closures at Cumberland, VA (Sept 2022) and Dublin, VA (Nov 2022); purchase agreement in place for Dublin facility.
- Closure of Haslett, MI and Boyertown, PA facilities proceeding; expected to close by end of Q2 fiscal 2023 and be made available for sale.
- CEO Robert Leasure expects the consolidations to enhance margins and reduce anticipated capital expenditure needs at closing sites.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000110465922123056/0001104659-22-123056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000110465922123056/tm2231601d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-123056

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