secwatch.observer — SEC 8-K summary
======================================

Issuer:     MODINE MANUFACTURING CO (MOD)
CIK:        0000067347
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0001140361-24-030526
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Modine terminates frozen pension plan effective July 31, 2024; expects $120M-$130M non-cash charges
--------------------------------------------------------------------------------

- Termination effective July 31, 2024, subject to PBGC standard termination procedures; IRS determination letter filed June 14, 2024.
- Prior $27M contributions increased funded status to ~91%; expects additional $15M-$30M cash contribution to fully fund termination.
- Non-cash pension settlement charges of $120M-$130M expected upon settlement of obligations; actual amount may vary.
- Approximately 5,000 participants affected; no change in benefits earned.
- Board authorized termination on March 21, 2024; company may change effective date or revoke but has no intent to do so.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67347/000114036124030526/0001140361-24-030526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67347/000114036124030526/ef20031305_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-030526

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