secwatch.observer — SEC 8-K summary
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Issuer:     EnerSys (ENS)
CIK:        0001289308
Form:       8-K
Filed at:   2022-06-29T23:59:59+00:00
Accession:  0001289308-22-000043
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.05, 2.06
LLM model:  deepseek-v4-flash:cloud@v2

EnerSys to close Ooltewah facility; expects $18.5M charge and 165 job cuts
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- Board approved closure of Ooltewah, TN plant; pre-tax charge of ~$18.5M, majority in H1 fiscal 2023.
- Non-cash charge of $9.3M (asset/inventory write-offs); cash charges of $9.2M for retention, cleanup, legal.
- Annual cost savings of ~$8M expected; production moved to other EnerSys North America facilities.
- Reduction of ~165 employees; facility to be sold; closure substantially complete by end of calendar 2023.
- Closure due to customer transition from flooded batteries to lithium and Thin Plate Pure Lead (TPPL).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289308/000128930822000043/0001289308-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289308/000128930822000043/ens-20220629.htm
  HTML page:      https://secwatch.observer/filing/0001289308-22-000043

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