---
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"
generated_at: "2026-06-14T13:43:28.905461+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Newell Brands launches Network Optimization Project; expects $25M-$35M annual savings

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-155426
- JSON: https://secwatch.observer/filing/0001193125-23-155426.json
- Plain text: https://secwatch.observer/filing/0001193125-23-155426.txt

## Key facts
- Restructurings & Charges
  NEWELL BRANDS INC. announced a restructuring with charges of approximately $37 million to $49 million affecting North American distribution network.
  - Type: restructuring
  - Charge: approximately $37 million to $49 million
  - Affected area: North American distribution network
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/814453/000119312523155426/0001193125-23-155426-index.htm

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