secwatch.observer — SEC 8-K summary
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Issuer:     Koppers Holdings Inc. (KOP)
CIK:        0001315257
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001315257-26-000036
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 2.05, 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koppers conditionally plans to shut Stickney, IL chemical operations; Q1 adjusted EPS down 19.7%
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- Q1 sales $455.3M (flat YoY); net income $7.1M vs loss of $13.9M; adjusted EPS $0.57 vs $0.71.
- Conditional decision to discontinue Stickney distillation by Dec 31, 2026, affecting ~85 employees; pending union negotiations.
- Pre-tax charges $227M–$262M through 2029, including $170M–$195M non-cash and $57M–$67M cash outlays.
- Expected annual free cash flow improvement of $15M–$25M; adjusted EBITDA benefit $15M–$20M/yr; adjusted EPS benefit $1.00–$1.20.
- Production to shift to Nyborg, Denmark facility in Q4 2026; enhanced shipping/terminal capabilities to serve customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315257/000131525726000036/0001315257-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315257/000131525726000036/kop-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001315257-26-000036

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