{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-155426","form_type":"8-K","ticker":"NWL","cik":"0000814453","company_name":"NEWELL BRANDS INC.","filed_at":"2023-05-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.339598+00:00","generated_at":"2026-06-14T13:43:28.905461+00:00","sec_items":["2.05","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Newell Brands launches Network Optimization Project; expects $25M-$35M annual savings","bullets":["Restructuring to reduce and optimize North American distribution centers; implementation by end of FY2024.","Expected annual pre-tax cost savings of $25M-$35M from real estate and bought cost reductions.","Estimated restructuring charges of $37M-$49M ($8M-$11M cash severance, $29M-$38M site reductions).","Approximately $35M-$44M of charges are future cash outlays; capital expenditures of $30M-$40M expected.","Project initiated May 24, 2023; aims to simplify cost structure and improve operating margins."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-155426","json":"https://secwatch.observer/filing/0001193125-23-155426.json","markdown":"https://secwatch.observer/filing/0001193125-23-155426.md","text":"https://secwatch.observer/filing/0001193125-23-155426.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/814453/000119312523155426/0001193125-23-155426-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/814453/000119312523155426/d498395d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T13:43:28.905461+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":"4d4510123d6146e5ec344cea035392745218efee","claim":"NEWELL BRANDS INC. announced a restructuring with charges of approximately $37 million to $49 million affecting North American distribution network.","evidence_excerpt":"and other bought cost reductions, in connection with the Network Optimization Project when it is fully implemented. The Company estimates that it will incur approximately $37 million to $49 million in restructuring and restructuring-related charges associated with execution of the Network Optimization Project and expects that the costs incurred will be","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/814453/000119312523155426/0001193125-23-155426-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $37 million to $49 million"},{"label":"Affected area","value":"North American distribution network"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}