{"schema_version":"secwatch.filing_event.v1","accession":"0001262823-26-000067","form_type":"8-K","ticker":"WLK","cik":"0001262823","company_name":"WESTLAKE CORP","filed_at":"2026-09-29T10:06:28+00:00","discovered_at":"2026-09-29T10:10:00.125793+00:00","generated_at":"2026-10-12T13:40:46.939680+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.68,"calibrated_materiality_score":0.68,"confidence":"high","headline":"Westlake to close Cologne PVC plant (165k t/yr); ~$205M pre-tax charges, Q3 2026 results below Q2","bullets":["Plan approved Sept 24, 2026 to cease PVC production at Cologne, Germany site (~165,000 metric tons/year capacity); operations end Q1 2027, cutting ~120 employees.","Total pre-tax charges ~$205M: $105M non-cash ($60M accelerated depreciation, $45M asset write-offs) plus $100M cash ($20M severance, $80M contract termination/decommissioning).","~$110M of charges expected in 2026, remainder in 2027; cash outflows spread over several years; consultations with local works councils began Sept 29, 2026.","Customers to be served from remaining lower-cost German PVC sites, including recently acquired Wilhelmshaven; CEO Jean-Marc Gilson cited weak demand, high energy costs and Asian import pressure.","Q3 2026 PVC and polyethylene North American prices fell vs Q2; Housing & Infrastructure hit by higher diesel-driven freight costs and lower volumes; Q3 results seen sequentially below Q2."],"urls":{"canonical":"https://secwatch.observer/filing/0001262823-26-000067","json":"https://secwatch.observer/filing/0001262823-26-000067.json","markdown":"https://secwatch.observer/filing/0001262823-26-000067.md","text":"https://secwatch.observer/filing/0001262823-26-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262823/000126282326000067/0001262823-26-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262823/000126282326000067/wlk-20260924.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:40:46.939680+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}