secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2023-09-21T23:59:59+00:00
Accession:  0001104659-23-102833
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.05, 2.06
LLM model:  deepseek-v4-flash:cloud@v2

O-I Glass to close Waco, TX plant; expects ~$60M charge in Q3 2023
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- Plant closure approved Sep 19, 2023; effective on or after Oct 16, 2023.
- Expected total charge of ~$60M in Q3: $32M asset impairment, $28M employee separation benefits and other costs.
- Approximately 300 employees impacted; customers will be served by other domestic plants.
- Of the $28M in employee costs, ~$21M relates to future cash expenditures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465923102833/0001104659-23-102833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465923102833/tm2326602d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-102833

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer