---
schema_version: "secwatch.filing_event.v1"
accession: "0001477294-23-000097"
form_type: "8-K"
ticker: "ST"
cik: "0001477294"
company_name: "Sensata Technologies Holding plc"
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:31:36.234593+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sensata exits Spear marine energy storage; expects $40-50M pre-tax charges in Q2

## Summary
- Exit eliminates ~60 positions, primarily in Kansas City, and closes Spear's Belgium operations.
- Pre-tax charges of $40-50M in Q2 2023, including $14M intangible and $13M tangible asset impairments.
- Annualized cost savings of $10-12M expected from the exit.
- Company will focus resources on Spear's aerospace & defense energy storage business.

## SEC filing metadata
- accession: 0001477294-23-000097
- form_type: 8-K
- ticker: ST
- cik: 0001477294
- company_name: Sensata Technologies Holding plc
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477294/000147729423000097/0001477294-23-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477294/000147729423000097/st-20230606.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477294-23-000097
- JSON: https://secwatch.observer/filing/0001477294-23-000097.json
- Plain text: https://secwatch.observer/filing/0001477294-23-000097.txt

## Key facts
- Restructurings & Charges
  Sensata Technologies Holding plc announced a restructuring with charges of approximately $40 to $50 million affecting Spear Power System’s marine energy storage business (approximately 60 positions).
  - Type: restructuring
  - Charge: approximately $40 to $50 million
  - Affected area: Spear Power System’s marine energy storage business
  - Headcount: approximately 60 positions
  source text: Exiting the Business will result in the elimination of approximately 60 positions, primarily in Kansas City, Missouri, and the closure of Spear’s operations in Belgium. In connection with the plan to exit the Business, the Company is expected to incur total pre-tax charges in the range of approximately $40 to $50 million in the second quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477294/000147729423000097/0001477294-23-000097-index.htm

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