---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020356"
form_type: "8-K"
ticker: "FUL"
cik: "0000039368"
company_name: "FULLER H B CO"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:54:11.327706+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# H.B. Fuller approves $20M restructuring plan to integrate Beardow Adams acquisition

## Summary
- Plan approved July 17, 2023; expected pre-tax costs of ~$20M ($15M after tax).
- Includes $11M cash severance and $9M in other costs for facility consolidation.
- Three manufacturing facilities to be closed; production redistributed for efficiency.
- Plan to be initiated in Q3 FY2023, completed by FY2026.
- Expected annualized pre-tax cost savings of ~$20M, majority realized in FY2024.

## SEC filing metadata
- accession: 0001437749-23-020356
- form_type: 8-K
- ticker: FUL
- cik: 0000039368
- company_name: FULLER H B CO
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39368/000143774923020356/0001437749-23-020356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39368/000143774923020356/ful20230718_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020356
- JSON: https://secwatch.observer/filing/0001437749-23-020356.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020356.txt

## Key facts
- Restructurings & Charges
  FULLER H B CO announced a restructuring with charges of approximately $20 million ($15 million after tax) affecting Beardow Adams Holdings Ltd. acquisition integration ($11 million ($8 million after tax) for severance and related employee costs globally).
  - Type: restructuring
  - Charge: approximately $20 million ($15 million after tax)
  - Affected area: Beardow Adams Holdings Ltd. acquisition integration
  - Headcount: $11 million ($8 million after tax) for severance and related employee costs globally
  source text: On July 17, 2023, H.B. Fuller Company (the “Company”) approved a restructuring plan (the “Plan”) related to the integration of our acquisition of Beardow Adams Holdings Ltd. The Plan is in addition to the previously disclosed restructuring plan approved on March 27, 2023. In implementing the Plan, the Company currently expects to incur costs of approximately $20 million ($15 million after tax), which includes (i) cash expenditures of approximately $11 million ($8 million after tax) for severance and related employee costs globally and (ii) approximately $9 million ($7 million after tax) of other restructuring costs related to the consolidation and optimization of production facilities, streamlining of processes, accelerated depreciation of long-lived assets and the payment of anticipated income taxes in certain jurisdictions related to the Plan. The Plan will be initiated in the third quarter of fiscal year 2023 and is currently expected to be completed in fiscal year 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/39368/000143774923020356/0001437749-23-020356-index.htm

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