---
schema_version: "secwatch.filing_event.v1"
accession: "0001219601-24-000032"
form_type: "8-K"
ticker: "CCK"
cik: "0001219601"
company_name: "CROWN HOLDINGS, INC."
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:46:02.430441+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Crown to transfer $740M in US pension obligations to MassMutual; Q3 non-cash charge ~$450M

## Summary
- Agreement to purchase group annuity contract from MassMutual covering approximately 12,000 participants.
- Crown to contribute ~$100M into the plan; eliminate ~$740M in both assets and liabilities.
- One-time non-cash charge of ~$450M ($340M after tax) to be recorded in Q3 2024.
- Combined annuitizations since 2021 total ~$4 billion of pension liabilities across US, Canada, UK.
- Company reaffirms FY 2024 adjusted free cash flow guidance of at least $750 million.

## SEC filing metadata
- accession: 0001219601-24-000032
- form_type: 8-K
- ticker: CCK
- cik: 0001219601
- company_name: CROWN HOLDINGS, INC.
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1219601/000121960124000032/0001219601-24-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1219601/000121960124000032/cck-20240828.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001219601-24-000032
- JSON: https://secwatch.observer/filing/0001219601-24-000032.json
- Plain text: https://secwatch.observer/filing/0001219601-24-000032.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.