{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-044839","form_type":"8-K","ticker":"PII","cik":"0000931015","company_name":"Polaris Inc.","filed_at":"2025-10-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.657010+00:00","generated_at":"2026-05-17T04:02:44.633991+00:00","sec_items":["2.02","2.06","5.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Polaris to sell majority stake in Indian Motorcycle to Carolwood; Q3 adj. EPS $0.31-$0.41","bullets":["Agreement to sell majority of Indian Motorcycle to Carolwood LP; close expected Q1 2026.","Transaction expected to be accretive to adjusted EBITDA by ~$50M and EPS by ~$1.00 annually.","Preliminary Q3 sales at high end of $1.6-1.8B guidance; adjusted EPS range $0.31-$0.41.","Pre-tax impairment charges of $275M-$325M from held-for-sale classification, mostly Q4.","On Road President Mike Dougherty to retire at close; Carolwood names Mike Kennedy as Indian Motorcycle CEO."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-044839","json":"https://secwatch.observer/filing/0001628280-25-044839.json","markdown":"https://secwatch.observer/filing/0001628280-25-044839.md","text":"https://secwatch.observer/filing/0001628280-25-044839.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/0001628280-25-044839-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/pii-20251010.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:02:44.633991+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":"29b85b26f2678fd9f05702e8e4d7ffadf3a8305d","claim":"Polaris Inc. announced a impairment with charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million affecting Indian Motorcycle Business.","evidence_excerpt":"On October 10, 2025, certain wholly owned subsidiaries of the Company entered into a definitive agreement to sell the Indian Motorcycle Business. Under U.S. generally accepted accounting principles, the Indian Motorcycle Business will be classified as held for sale. Accordingly, the Company will be required to record the assets related to the Indian Motorcycle Business at fair value, less an amount of estimated transaction costs. Further, the Company recorded related impairment charges in the third quarter of 2025. The Company currently expects estimated pre-tax charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/0001628280-25-044839-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0000947871-26-000355","ticker":"SSRM","company_name":"SSR MINING INC.","filed_at":"2026-03-26T23:59:59+00:00","headline":"SSR Mining signs definitive agreement to sell Çöpler mine for $1.5B cash","event_type":"m_and_a","sec_items":["1.01","2.06","7.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.06, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000947871-26-000355","json":"https://secwatch.observer/filing/0000947871-26-000355.json","markdown":"https://secwatch.observer/filing/0000947871-26-000355.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/921638/000094787126000355/0000947871-26-000355-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/921638/000094787126000355/ss6114560_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 10, 2025, certain wholly owned subsidiaries of the Company entered into a definitive agreement to sell the Indian Motorcycle Business. Under U.S. generally accepted accounting principles, the Indian Motorcycle Business will be classified as held for sale. Accordingly, the Company will be required to record the assets related to the Indian Motorcycle Business at fair value, less an amount of estimated transaction costs. Further, the Company recorded related impairment charges in the third quarter of 2025. The Company currently expects estimated pre-tax charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/0001628280-25-044839-index.htm","comparable_excerpt":"on March 24, 2026, the Company determined that it expects to incur a non-cash charge between approximately $310 million and $340 million, as a result of the Purchase Price compared to the estimate of the current net asset value of the Çöpler mine","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/921638/000094787126000355/0000947871-26-000355-index.htm"}},{"accession":"0001193125-25-325599","ticker":"COTY","company_name":"COTY INC.","filed_at":"2025-12-19T23:59:59+00:00","headline":"Coty sells remaining 25.8% Wella stake to KKR for $750M upfront; expects ~3x net leverage by end CY25","event_type":"m_and_a","sec_items":["1.01","2.06","8.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.06, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-325599","json":"https://secwatch.observer/filing/0001193125-25-325599.json","markdown":"https://secwatch.observer/filing/0001193125-25-325599.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1024305/000119312525325599/0001193125-25-325599-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1024305/000119312525325599/d66788d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 10, 2025, certain wholly owned subsidiaries of the Company entered into a definitive agreement to sell the Indian Motorcycle Business. Under U.S. generally accepted accounting principles, the Indian Motorcycle Business will be classified as held for sale. Accordingly, the Company will be required to record the assets related to the Indian Motorcycle Business at fair value, less an amount of estimated transaction costs. Further, the Company recorded related impairment charges in the third quarter of 2025. The Company currently expects estimated pre-tax charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/0001628280-25-044839-index.htm","comparable_excerpt":"In connection with the entry into the Agreement, as discussed under Item 1.01 of this Current Report on Form 8-K, the Company expects to record a material non-cash impairment charge in the second quarter ended December 31, 2025 in an estimated amount of approximately $200 million.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1024305/000119312525325599/0001193125-25-325599-index.htm"}},{"accession":"0001171843-26-003196","ticker":"SSM","company_name":"Sono Group N.V.","filed_at":"2026-05-08T23:59:59+00:00","headline":"Sono Group exits solar: sells Sono Motors and €10.5M loan to management for €1 each","event_type":"m_and_a","sec_items":["2.05","1.01","2.01","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-26-003196","json":"https://secwatch.observer/filing/0001171843-26-003196.json","markdown":"https://secwatch.observer/filing/0001171843-26-003196.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840416/000117184326003196/0001171843-26-003196-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840416/000117184326003196/f8ka_050826.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 10, 2025, certain wholly owned subsidiaries of the Company entered into a definitive agreement to sell the Indian Motorcycle Business. Under U.S. generally accepted accounting principles, the Indian Motorcycle Business will be classified as held for sale. Accordingly, the Company will be required to record the assets related to the Indian Motorcycle Business at fair value, less an amount of estimated transaction costs. Further, the Company recorded related impairment charges in the third quarter of 2025. The Company currently expects estimated pre-tax charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/0001628280-25-044839-index.htm","comparable_excerpt":"the formal transfer of its now former subsidiary Sono Motors GmbH (\"Sono Motors\") to companies controlled by Sono Motors' own management team. The transaction closed and took legal effect on May 4, 2026, bringing to a close the solar exit the Company announced in March.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1840416/000117184326003196/0001171843-26-003196-index.htm"}},{"accession":"0001370946-26-000129","ticker":"OC","company_name":"Owens Corning","filed_at":"2026-04-15T23:59:59+00:00","headline":"Owens Corning cuts GR business sale price to $645M; expects additional $140M loss","event_type":"m_and_a","sec_items":["2.06","8.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.06","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001370946-26-000129","json":"https://secwatch.observer/filing/0001370946-26-000129.json","markdown":"https://secwatch.observer/filing/0001370946-26-000129.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1370946/000137094626000129/0001370946-26-000129-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1370946/000137094626000129/oc-20260414.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 10, 2025, certain wholly owned subsidiaries of the Company entered into a definitive agreement to sell the Indian Motorcycle Business. Under U.S. generally accepted accounting principles, the Indian Motorcycle Business will be classified as held for sale. Accordingly, the Company will be required to record the assets related to the Indian Motorcycle Business at fair value, less an amount of estimated transaction costs. Further, the Company recorded related impairment charges in the third quarter of 2025. The Company currently expects estimated pre-tax charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/0001628280-25-044839-index.htm","comparable_excerpt":"On February 14, 2025, Owens Corning (the “Company”) disclosed an expected impairment charge associated with the announced sale of the Company’s global glass reinforcements business (the “GR Business”) and that, beginning with the Quarterly Report on Form 10-Q for the period ended March 31, 2025, the GR Business’s financial results would be reflected in the Company’s consolidated financial statements as discontinued operations for all periods presented, and the GR Business would be classified as “held for sale.\" Based on the revised terms of the Transaction (as described below), the Company will recognize an additional loss on sale of approximately $140 million related to a decrease in the agreed purchase price and changes in other net assets, subject to finalized cumulative foreign currency adjustments, net working capital adjustments, and costs to sell.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1370946/000137094626000129/0001370946-26-000129-index.htm"}},{"accession":"0001315257-26-000036","ticker":"KOP","company_name":"Koppers Holdings Inc.","filed_at":"2026-05-08T23:59:59+00:00","headline":"Koppers conditionally plans to shut Stickney, IL chemical operations; Q1 adjusted EPS down 19.7%","event_type":"other_material","sec_items":["2.02","2.05","5.02","5.07","7.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 5.02, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001315257-26-000036","json":"https://secwatch.observer/filing/0001315257-26-000036.json","markdown":"https://secwatch.observer/filing/0001315257-26-000036.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1315257/000131525726000036/0001315257-26-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1315257/000131525726000036/kop-20260507.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 10, 2025, certain wholly owned subsidiaries of the Company entered into a definitive agreement to sell the Indian Motorcycle Business. Under U.S. generally accepted accounting principles, the Indian Motorcycle Business will be classified as held for sale. Accordingly, the Company will be required to record the assets related to the Indian Motorcycle Business at fair value, less an amount of estimated transaction costs. Further, the Company recorded related impairment charges in the third quarter of 2025. The Company currently expects estimated pre-tax charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/0001628280-25-044839-index.htm","comparable_excerpt":"potentially appropriate uses for the Stickney facility following the end of production activities. The Company expects this action to result in pre-tax charges to earnings of $227 million to $262 million through the end of 2029, approximately $170 million to $195 million of which constitutes non-cash charges and approximately $57 million to $67 million of which","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1315257/000131525726000036/0001315257-26-000036-index.htm"}},{"accession":"0001104659-26-049837","ticker":"IAC","company_name":"IAC Inc.","filed_at":"2026-04-28T23:59:59+00:00","headline":"IAC announces name change to 'People Incorporated', restructuring with $40M cost savings, and C-suite changes","event_type":"other_material","sec_items":["2.02","7.01","2.05","5.02","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 5.02, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-049837","json":"https://secwatch.observer/filing/0001104659-26-049837.json","markdown":"https://secwatch.observer/filing/0001104659-26-049837.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/tm2612831d1_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 10, 2025, certain wholly owned subsidiaries of the Company entered into a definitive agreement to sell the Indian Motorcycle Business. Under U.S. generally accepted accounting principles, the Indian Motorcycle Business will be classified as held for sale. Accordingly, the Company will be required to record the assets related to the Indian Motorcycle Business at fair value, less an amount of estimated transaction costs. Further, the Company recorded related impairment charges in the third quarter of 2025. The Company currently expects estimated pre-tax charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/0001628280-25-044839-index.htm","comparable_excerpt":"Ahead of its name change to \"People Incorporated\" which is expected to occur with the release of Q2 2026 earnings in August, the Company has initiated a plan to consolidate its corporate functions with those of its People Inc. business (\" People \"), through a reduction in workforce, technology integrations, and other cost-saving measures over the coming quarters (the \" Plan \"). The Plan is expected to generate annual run-rate cost savings of approximately $40 million. The Plan is expected to be completed by Q1 of 2027. The Company expects to incur approximately $14 million in severance and related expenses, $48 million in non-cash stock-based compensation expense and $0.5 million to $1 million in other costs related to the Plan.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm"}},{"accession":"0001539497-26-000812","ticker":"BCAB","company_name":"BioAtla, Inc.","filed_at":"2026-03-02T23:59:59+00:00","headline":"BioAtla initiates strategic review, cuts 70% workforce; CFO replaced; cash ~$7.1M","event_type":"other_material","sec_items":["2.02","7.01","2.05","5.02","8.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 5.02, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001539497-26-000812","json":"https://secwatch.observer/filing/0001539497-26-000812.json","markdown":"https://secwatch.observer/filing/0001539497-26-000812.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826892/000153949726000812/0001539497-26-000812-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826892/000153949726000812/n5620_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 10, 2025, certain wholly owned subsidiaries of the Company entered into a definitive agreement to sell the Indian Motorcycle Business. Under U.S. generally accepted accounting principles, the Indian Motorcycle Business will be classified as held for sale. Accordingly, the Company will be required to record the assets related to the Indian Motorcycle Business at fair value, less an amount of estimated transaction costs. Further, the Company recorded related impairment charges in the third quarter of 2025. The Company currently expects estimated pre-tax charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/0001628280-25-044839-index.htm","comparable_excerpt":"formal process to explore and evaluate strategic options to maximize\nshareholder value. The total cash payments related to this\nworkforce reduction are estimated to be between $0.5 and $0.6 million related to employee severance and benefit costs. The Company\nexpects to pay for the majority of these costs in the first quarter of 2026. The estimates of the","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1826892/000153949726000812/0001539497-26-000812-index.htm"}},{"accession":"0001437749-26-000885","ticker":"ICCC","company_name":"IMMUCELL CORP /DE/","filed_at":"2026-01-08T23:59:59+00:00","headline":"ImmuCell reports Q4 sales down 1.6% YoY; records $3.6M impairment, pauses Re-Tain","event_type":"earnings","sec_items":["2.02","2.06","8.01","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.06, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-000885","json":"https://secwatch.observer/filing/0001437749-26-000885.json","markdown":"https://secwatch.observer/filing/0001437749-26-000885.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/iccc20260108_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 10, 2025, certain wholly owned subsidiaries of the Company entered into a definitive agreement to sell the Indian Motorcycle Business. Under U.S. generally accepted accounting principles, the Indian Motorcycle Business will be classified as held for sale. Accordingly, the Company will be required to record the assets related to the Indian Motorcycle Business at fair value, less an amount of estimated transaction costs. Further, the Company recorded related impairment charges in the third quarter of 2025. The Company currently expects estimated pre-tax charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/931015/000162828025044839/0001628280-25-044839-index.htm","comparable_excerpt":"The resulting non-cash impairment write-down of property, plant and equipment pertaining to Re-Tain® is currently estimated at approximately $2.9 million","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}