secwatch.observer — SEC 8-K summary
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Issuer:     SEALED AIR CORP/DE (—)
CIK:        0001012100
Form:       8-K/A
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001628280-23-036720
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Sealed Air updates CTO2Grow restructuring cash costs to $140-$160M
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- Total estimated cash costs of $140M-$160M, comprising $90M-$95M headcount, $25M-$30M contract termination, $20M-$25M other, and $5M-$10M capex.
- Amendment to prior 8-K filed Aug 8, 2023; provides updated cost breakdown for Reinvent SEE 2.0 program.
- Program spans 3 years, aimed at cost take-out and growth initiatives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1012100/000162828023036720/0001628280-23-036720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1012100/000162828023036720/see-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-036720

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer