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

Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001193125-23-245690
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Goodyear expects $20-25M Q3 sales hit from Poland plant fire; full production not until Q4 2024
--------------------------------------------------------------------------------

- Fire on Aug 20 at Debica, Poland plant shut down tire curing area; production resumed Aug 22 at 55% capacity, now ~70%.
- EMEA consumer sales impact: $20-25M in Q3 2023, $10-15M in Q4 2023 due to limited capacity.
- Operating income impact (lost sales margin, unabsorbed fixed costs): $10-15M each in Q3 and Q4 2023.
- $15M insurance deductible expense in Q3 for property damage/cleanup; business interruption coverage expected but not yet recognized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000119312523245690/0001193125-23-245690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000119312523245690/d414505d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-245690

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