secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2024-12-31T23:59:59+00:00
Accession:  0001104659-24-132872
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Seaways terminates retiree health plan; distributions within 12–24 months
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- Board terminated the Retiree Health and Welfare Plan on Dec 26, 2024.
- All accrued benefits will be distributed within 12–24 months under Section 409A.
- Plan covered former OSG employees hired before Jan 1, 2005, with age 55 and 10 years service.
- No further company contributions after termination; remaining balances forfeited.
- Death benefit of $10,000 per eligible retiree will be paid after death.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924132872/0001104659-24-132872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924132872/tm2432239d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-132872

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