{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-016099","form_type":"8-K","ticker":"TR","cik":"0000098677","company_name":"TOOTSIE ROLL INDUSTRIES INC","filed_at":"2024-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.477201+00:00","generated_at":"2026-05-29T06:03:48.364409+00:00","sec_items":["2.06"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Tootsie Roll expects $11-12M non-cash tax charge in Q4 2024 after board revokes deferred comp plan tax strategy","bullets":["Board revoked 2018 authorization to preserve tax deductibility of deferred compensation under Section 162(m) due to IRS interpretations and account growth.","Non-cash charge of approximately $11-12 million to write off deferred tax assets in Q4 2024.","Charge will be reflected in 2024 Form 10-K; no future cash expenditures expected beyond loss of deduction.","Company cites sustained equity market appreciation as reason for increased account balances."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-016099","json":"https://secwatch.observer/filing/0001558370-24-016099.json","markdown":"https://secwatch.observer/filing/0001558370-24-016099.md","text":"https://secwatch.observer/filing/0001558370-24-016099.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/98677/000155837024016099/0001558370-24-016099-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/98677/000155837024016099/tr-20241203x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T06:03:48.364409+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":[{"claim_id":"6e1981da44f8e0ba85cba000448240824c063174","claim":"TOOTSIE ROLL INDUSTRIES INC announced a impairment with charges of between approximately $11 and $12 million.","evidence_excerpt":"The adjustment to the deferred tax assets is expected to result in a non-cash tax charge between approximately $11 and $12 million in fourth quarter 2024.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/98677/000155837024016099/0001558370-24-016099-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"between approximately $11 and $12 million"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}