secwatch.observer — SEC 8-K summary
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Issuer:     PACKAGING CORP OF AMERICA (PKG)
CIK:        0000075677
Form:       8-K
Filed at:   2025-12-04T23:59:59+00:00
Accession:  0001193125-25-307535
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.05, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PCA to shut down Wallula kraft pulping and No.2 machine; $205M restructuring charges
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/d50663d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-307535

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