{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-307535","form_type":"8-K","ticker":"PKG","cik":"0000075677","company_name":"PACKAGING CORP OF AMERICA","filed_at":"2025-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.094378+00:00","generated_at":"2026-05-16T14:59:30.559290+00:00","sec_items":["2.05","2.06","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"PCA to shut down Wallula kraft pulping and No.2 machine; $205M restructuring charges","bullets":["Pre-tax restructuring charges of $205M: $165M non-cash impairment/depreciation, $40M cash for severance and contract termination.","Headcount reduction of ~200 positions at the Wallula mill.","Mill capacity reduced by 250,000 tons/year to 285,000 tons/year on recycled linerboard.","Company expects to lower production cost by ~$125/ton from 2025 levels.","Remaining capacity to be replaced by production enhancements at other mills starting Q4 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-307535","json":"https://secwatch.observer/filing/0001193125-25-307535.json","markdown":"https://secwatch.observer/filing/0001193125-25-307535.md","text":"https://secwatch.observer/filing/0001193125-25-307535.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/d50663d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:59:30.559290+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":"a06eef412c88e023896d9f0d2b37015601475970","claim":"PACKAGING CORP OF AMERICA announced a impairment with charges of Non-cash impairment and accelerated depreciation charges of $165 million affecting Wallula, Washington containerboard mill (approximately 200 positions).","evidence_excerpt":"These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","confidence":1.0},{"claim_id":"a292ee4146cdd3337b48daa354fb1f7b005ca46c","claim":"PACKAGING CORP OF AMERICA announced a restructuring with charges of Cash charges of $40 million for contract termination, severance, and other charges affecting Wallula, Washington containerboard mill (approximately 200 positions).","evidence_excerpt":"These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","confidence":1.0}],"comparable_filings":[{"accession":"0001289308-26-000009","ticker":"ENS","company_name":"EnerSys","filed_at":"2026-03-25T23:59:59+00:00","headline":"EnerSys to close Tijuana facility, take $37M charge, shift production to Springfield, MO","event_type":"other_material","sec_items":["2.05","2.06","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 2.06, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001289308-26-000009","json":"https://secwatch.observer/filing/0001289308-26-000009.json","markdown":"https://secwatch.observer/filing/0001289308-26-000009.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289308/000128930826000009/0001289308-26-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289308/000128930826000009/ens-20260325.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","comparable_excerpt":"On March 25, 2026, EnerSys announced a plan to close its facility in Tijuana, Mexico, which focused on manufacturing lead acid batteries. EnerSys expects to incur a pre-tax charge of approximately $37 million under this restructuring plan when completed, the majority of which is expected to be incurred by the second half of fiscal year 2027, of which $14 million is expected to be non-cash charges primarily from equipment write-offs. Cash charges of approximately $23 million, include severance and employee retention costs, environmental related expenses and equipment decommissioning, along with contractual releases and legal expenses.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1289308/000128930826000009/0001289308-26-000009-index.htm"}},{"accession":"0001140361-26-000697","ticker":"HNI","company_name":"HNI CORP","filed_at":"2026-01-08T23:59:59+00:00","headline":"HNI Corp to exit Wayland NY plant, consolidate production; expects $7.5-8M annual savings","event_type":"other_material","sec_items":["2.05","2.06","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 2.06, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-000697","json":"https://secwatch.observer/filing/0001140361-26-000697.json","markdown":"https://secwatch.observer/filing/0001140361-26-000697.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/48287/000114036126000697/0001140361-26-000697-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48287/000114036126000697/ef20062485_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","comparable_excerpt":"HNI anticipates charges resulting from the consolidation will impact pre-tax earnings by an estimated $14.9 million in 2026 and 2027, including $5.7 million of non-cash charges.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/48287/000114036126000697/0001140361-26-000697-index.htm"}},{"accession":"0001213900-26-052921","ticker":"AIRE","company_name":"reAlpha Tech Corp.","filed_at":"2026-05-06T23:59:59+00:00","headline":"reAlpha cuts workforce 25%, targets $2M annual savings in restructuring","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-052921","json":"https://secwatch.observer/filing/0001213900-26-052921.json","markdown":"https://secwatch.observer/filing/0001213900-26-052921.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/0001213900-26-052921-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/ea0289539-8k_realpha.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","comparable_excerpt":"Plan as well as savings related\nto certain restricted stock units lapsing over the next twelve months. The Company estimates that\nit will incur pre-tax charges in the range of $0.14 million to $0.20 million in connection with the Plan, consisting of approximately\n$0.10 to $0.15 in future cash-based expenditures associated with severance and benefit payments and","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/0001213900-26-052921-index.htm"}},{"accession":"0001628280-26-030100","ticker":"INGR","company_name":"Ingredion Inc","filed_at":"2026-05-05T23:59:59+00:00","headline":"Ingredion to close Cabo, Brazil plant; expects $43M in pre-tax charges","event_type":"other_material","sec_items":["2.05","2.06"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 2.06","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-030100","json":"https://secwatch.observer/filing/0001628280-26-030100.json","markdown":"https://secwatch.observer/filing/0001628280-26-030100.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1046257/000162828026030100/0001628280-26-030100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1046257/000162828026030100/ingr-20260501.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","comparable_excerpt":"underlying real property but has not entered into a contract of sale as of the date of this report. The Company expects to incur pre-tax non-recurring charges of approximately $43 million under the plan, of which approximately $36 million is expected to consist of impairment charges relating to fixed asset and inventory write-downs and approximately $7 million is","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1046257/000162828026030100/0001628280-26-030100-index.htm"}},{"accession":"0001193125-26-192362","ticker":"AUTL","company_name":"Autolus Therapeutics plc","filed_at":"2026-04-29T23:59:59+00:00","headline":"Autolus cuts workforce 13%; expects $8M restructuring charge, $15M annualized savings","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-192362","json":"https://secwatch.observer/filing/0001193125-26-192362.json","markdown":"https://secwatch.observer/filing/0001193125-26-192362.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/0001193125-26-192362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/d113906d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","comparable_excerpt":"Item 2.05 Costs Associated with Exit or Disposal Activities. On April 29, 2026, Autolus Therapeutics plc (the “Company”) announced its Board of Directors approved a plan to improve operational efficiency and reduce operating expenses. This plan will implement a reduction in force whereby the Company will eliminate approximately 13% of the Company’s workforce, inclusive of employee-related actions that began in the second half of 2025. The Company anticipates that it will complete the implementation of the plan by the third quarter of 2026. Affected employees will be offered separation benefits, including severance payments and, where applicable, temporary healthcare coverage assistance. The Company estimates that it will incur total expenses relating to the realignment of approximately $8 million, consisting of severance and termination-related costs. The Company expects to record a significant portion of these charges in the first half of 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/0001193125-26-192362-index.htm"}},{"accession":"0001104659-26-049837","ticker":"IAC","company_name":"IAC Inc.","filed_at":"2026-04-28T23:59:59+00:00","headline":"IAC announces name change to 'People Incorporated', restructuring with $40M cost savings, and C-suite changes","event_type":"other_material","sec_items":["2.02","7.01","2.05","5.02","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-049837","json":"https://secwatch.observer/filing/0001104659-26-049837.json","markdown":"https://secwatch.observer/filing/0001104659-26-049837.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/tm2612831d1_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","comparable_excerpt":"Ahead of its name change to \"People Incorporated\" which is expected to occur with the release of Q2 2026 earnings in August, the Company has initiated a plan to consolidate its corporate functions with those of its People Inc. business (\" People \"), through a reduction in workforce, technology integrations, and other cost-saving measures over the coming quarters (the \" Plan \"). The Plan is expected to generate annual run-rate cost savings of approximately $40 million. The Plan is expected to be completed by Q1 of 2027. The Company expects to incur approximately $14 million in severance and related expenses, $48 million in non-cash stock-based compensation expense and $0.5 million to $1 million in other costs related to the Plan.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm"}},{"accession":"0001104659-26-045476","ticker":"LMNR","company_name":"Limoneira CO","filed_at":"2026-04-20T23:59:59+00:00","headline":"Limoneira to sell 80% of Paso Robles vineyard for $16M; records $9.3M impairment","event_type":"other_material","sec_items":["1.01","2.06","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.06, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-045476","json":"https://secwatch.observer/filing/0001104659-26-045476.json","markdown":"https://secwatch.observer/filing/0001104659-26-045476.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342423/000110465926045476/0001104659-26-045476-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342423/000110465926045476/tm2612188d1_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","comparable_excerpt":"As a result of the transactions contemplated by the Purchase Agreement, we determined on April 14, 2026 that we will recognize an impairment of property, plant and equipment to be recorded in the second quarter of fiscal year 2026, which is currently estimated to be approximately $9,300,000.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1342423/000110465926045476/0001104659-26-045476-index.htm"}},{"accession":"0001193125-26-155861","ticker":"SNAP","company_name":"Snap Inc","filed_at":"2026-04-15T23:59:59+00:00","headline":"Snap reports Q1 rev ~$1.53B (+12% YoY), adj EBITDA ~$233M; cuts 16% of staff (~1,000 jobs)","event_type":"other_material","sec_items":["2.02","2.05","7.01","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-155861","json":"https://secwatch.observer/filing/0001193125-26-155861.json","markdown":"https://secwatch.observer/filing/0001193125-26-155861.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/0001193125-26-155861-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/d36756d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm","comparable_excerpt":"increased operational efficiencies to accelerate our path toward net-income profitability. As a result, we currently estimate that we will incur pre-tax charges in the range of $95 million to $130 million, primarily consisting of severance and related costs, contract termination costs, and other impairment charges, of which $75 million to $100 million are expected","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/0001193125-26-155861-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}