---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-005270"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T14:09:12.205392+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TPI Composites takes up to $23M charge after Proterra bankruptcy; guidance cut

## Summary
- Customer Proterra filed Chapter 11 and intends to reject bus body supply agreement with TPI.
- Expected Q3 credit losses and impairment charges of $20–23 million.
- Restructuring plan includes workforce reduction with ~$1–2M severance costs in Q3.
- FY 2023 adjusted EBITDA margin guidance worsened to a loss of 2–3% vs. prior <1% loss.
- Impairment and restructuring of $2–3M excluded from non-GAAP measures.

## SEC filing metadata
- accession: 0001171843-23-005270
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 2.06, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1455684/000117184323005270/0001171843-23-005270-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184323005270/f8k_081123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-005270
- JSON: https://secwatch.observer/filing/0001171843-23-005270.json
- Plain text: https://secwatch.observer/filing/0001171843-23-005270.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.