{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-014440","form_type":"8-K","ticker":"MEC","cik":"0001766368","company_name":"Mayville Engineering Company, Inc.","filed_at":"2024-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.527172+00:00","generated_at":"2026-05-30T05:25:52.407265+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"MEC Q3 net sales down 14.4% to $135.4M; cuts FY2024 guidance","bullets":["Q3 net income $3.0M ($0.14 diluted EPS); adjusted EPS $0.21 flat YoY.","Net sales decline driven by customer de-stocking across all end-markets; agriculture down 31.1%, military down 36.4%.","Guidance cut: FY2024 net sales midpoint $585M (from $630M), Adj. EBITDA midpoint $64.5M (from $74M).","Announced Wautoma, WI plant closure and 12% workforce reduction; expects $1-3M annualized cost savings.","Received $25.5M gross settlement from former fitness customer lawsuit; to use proceeds for debt paydown and share repurchases."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-014440","json":"https://secwatch.observer/filing/0001558370-24-014440.json","markdown":"https://secwatch.observer/filing/0001558370-24-014440.md","text":"https://secwatch.observer/filing/0001558370-24-014440.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1766368/000155837024014440/0001558370-24-014440-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1766368/000155837024014440/tmb-20241105x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T05:25:52.407265+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}