INTEST CORP (INTT): restructuring charge — inTEST to close Videology Netherlands plant, consolidate to MA by end of 2025

INTEST CORP

Plans to terminate employees at Netherlands Videology facility and consolidate operations into Mansfield, MA.
Expects severance and one-time termination benefits of $350,000.
Other consolidation costs including moving and lease termination estimated at $200,000 to $300,000.
Consolidation expected to be substantially completed by end of 2025, fully vacating Netherlands site.
Action taken to increase efficiencies and lower operating costs for Videology.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

INTEST CORP announced a restructuring with charges of $350,000 affecting Videology Imaging Corporation Netherlands facility (certain employees at that location).

Type: restructuring
Charge: $350,000
Affected area: Videology Imaging Corporation Netherlands facility
Headcount: certain employees at that location

Exact text from the filing

intends to fully vacate the Netherlands facility. As a result of this action, the Company expects to incur cash charges for severance and other one-time termination benefits of $350,000. In addition, the Company expects to incur cash charges for other costs related to the facility consolidation, including moving costs, costs associated with the termination of

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Source: SEC EDGAR

accession 0001437749-25-005927

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