{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-162590","form_type":"8-K","ticker":"TPICQ","cik":"0001455684","company_name":"TPI COMPOSITES, INC","filed_at":"2024-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.485584+00:00","generated_at":"2026-06-01T04:05:04.218773+00:00","sec_items":["1.01","2.06","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TPI Composites to sell automotive unit for $1, expects $20M impairment charge","bullets":["Sells automotive subsidiary to CCI for $1; closing expected June 30, 2024.","Non-cash pre-tax impairment charge of ~$20M in Q2 2024 from the divestiture.","Divestiture expected to improve monthly cash flow by ~$1.7M over the rest of 2024.","President Jerry Lavine resigns effective closing date to join buyer CCI."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-162590","json":"https://secwatch.observer/filing/0001193125-24-162590.json","markdown":"https://secwatch.observer/filing/0001193125-24-162590.md","text":"https://secwatch.observer/filing/0001193125-24-162590.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1455684/000119312524162590/0001193125-24-162590-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1455684/000119312524162590/d849169d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T04:05:04.218773+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":"c4cd64d391","claim":"Jerry Lavine resigned as President, Automotive at TPI COMPOSITES, INC.","evidence_excerpt":"Jerry Lavine, the Company’s current President, Automotive and a named executive officer accepted an offer of employment from CCI and in connection therewith will be deemed to have resigned effective as of the Closing Date and is discharged from his duties with the Company effective as of the Closing Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1455684/000119312524162590/0001193125-24-162590-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President, Automotive"}],"fact_type":"executive_change"},{"claim_id":"14b62a39f291b9595fb7f6437f250b2316edf33d","claim":"TPI COMPOSITES, INC announced a impairment with charges of approximately $20 million affecting Automotive Subsidiary.","evidence_excerpt":"As a result of the divestiture, the Company expects to recognize a non-cash, pre-tax impairment charge of approximately $20 million during the second quarter of fiscal 2024.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1455684/000119312524162590/0001193125-24-162590-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"approximately $20 million"},{"label":"Affected area","value":"Automotive Subsidiary"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}