{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-087056","form_type":"8-K","ticker":null,"cik":"0000089140","company_name":"SERVOTRONICS INC /DE/","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.910327+00:00","generated_at":"2026-06-12T10:36:00.838435+00:00","sec_items":["2.01","2.05","2.06","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Servotronics sells Ontario Knife Co. assets for $2.1M; records $4.3M impairments","bullets":["Completed sale of Ontario Knife Co. assets to Blue Ridge Knives for $2.1M cash on August 1, 2023.","Incurring approx. $1.129M in exit/disposal costs including vendor terminations and retention payments.","Recognizing $3.2M impairment on assets sold; $1.1M impairment on OKC building not included in sale.","Substantially all OKC employees terminated; small group retained for wind-down."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-087056","json":"https://secwatch.observer/filing/0001104659-23-087056.json","markdown":"https://secwatch.observer/filing/0001104659-23-087056.md","text":"https://secwatch.observer/filing/0001104659-23-087056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/89140/000110465923087056/0001104659-23-087056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/89140/000110465923087056/tm2322737d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T10:36:00.838435+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bbffa3f220b561fb8ecd661422b97b897d12756f","claim":"SERVOTRONICS INC /DE/ completed a disposition involving Blue Ridge Knives, Inc. for $2,100,000 (closed 2023-08-01).","evidence_excerpt":"assumed liabilities in connection with the Purchased Assets (the “Asset Sale Transaction”). The purchase price for the Asset Sale Transaction consisted of a payment to OKC of $2,100,000, subject to certain adjustments, in cash. The foregoing description of the Asset Purchase Agreement does not purport to be a complete description of the rights and obligations of","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/89140/000110465923087056/0001104659-23-087056-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Blue Ridge Knives, Inc."},{"label":"Consideration","value":"$2,100,000"},{"label":"Closing","value":"2023-08-01"}],"fact_type":"ma_transaction"},{"claim_id":"1dece120f1ec0a1c4ab34d2a18cbaf2a1f863d1a","claim":"SERVOTRONICS INC /DE/ announced a restructuring with charges of approximately $1,129,000 affecting OKC.","evidence_excerpt":"The Company expects to incur costs of approximately $1,129,000, including costs related to the termination of vendor relationships, retention payments to certain employees and other costs in connection with the cessation of OKC’s business activities.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/89140/000110465923087056/0001104659-23-087056-index.htm","confidence":0.95,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $1,129,000"},{"label":"Affected area","value":"OKC"}],"fact_type":"restructuring_charge"},{"claim_id":"7e94fcc61064b13c140caa4920f567a7a33c33a9","claim":"SERVOTRONICS INC /DE/ announced a restructuring affecting OKC (the employment of substantially all of OKC’s employees has terminated).","evidence_excerpt":"In connection with the Asset Sale Transaction, the employment of substantially all of OKC’s employees has terminated, although a small number of employees are expected to continue for a period of time after the closing in order to assist the Company with the process of winding up the remaining business activities of OKC.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/89140/000110465923087056/0001104659-23-087056-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Affected area","value":"OKC"},{"label":"Headcount","value":"the employment of substantially all of OKC’s employees has terminated"}],"fact_type":"restructuring_charge"},{"claim_id":"89b02f54441ddbe8b5fe026887cb951e169639d5","claim":"SERVOTRONICS INC /DE/ announced a impairment with charges of approximately $3,200,000 affecting Purchased Assets.","evidence_excerpt":"the Company will recognize an impairment charge of approximately $3,200,000 in the second fiscal quarter of 2023.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/89140/000110465923087056/0001104659-23-087056-index.htm","confidence":0.95,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"approximately $3,200,000"},{"label":"Affected area","value":"Purchased Assets"}],"fact_type":"restructuring_charge"},{"claim_id":"accb9a9c77b4cd463af636418e7415f49b1a0189","claim":"SERVOTRONICS INC /DE/ announced a impairment with charges of approximately $1,100,000 affecting OKC Building (Franklinville, NY).","evidence_excerpt":"The Company currently estimates that the non-cash impairment charge for the OKC Building will be approximately $1,100,000.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/89140/000110465923087056/0001104659-23-087056-index.htm","confidence":0.95,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"approximately $1,100,000"},{"label":"Affected area","value":"OKC Building (Franklinville, NY)"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}