secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001193125-25-026087
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.05, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Paper closes four facilities, expects $357M pre-tax charge
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- Permanent closure of Red River containerboard mill (Campti, LA), recycling plant (Phoenix), box plant (Hazleton, PA), and sheet feeder (St. Louis, MO) by end of April 2025.
- Estimated pre-tax charges of $357M: $311M noncash asset write-off (incl. $276M accelerated depreciation) and $46M cash severance, recorded in Q1 2025.
- Containerboard capacity reduced by ~800,000 tons annualized; 674 employees affected (495 hourly, 179 salaried).
- Company will use attrition, retirements, and vacancies to minimize impact; departing employees receive outplacement and severance.
- Actions part of strategic footprint streamlining in North American Packaging Solutions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000119312525026087/0001193125-25-026087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000119312525026087/d894584d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-026087

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