secwatch.observer — SEC 8-K summary
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Issuer:     Ingevity Corp (NGVT)
CIK:        0001653477
Form:       8-K
Filed at:   2024-07-08T23:59:59+00:00
Accession:  0001653477-24-000073
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingevity pays $100M to terminate crude tall oil supply agreement with Georgia-Pacific
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- Paid $50M on July 1, 2024; second $50M installment due Oct 15, 2024 to terminate 20-year CTO supply pact.
- Supply agreement suspended July 1; termination upon full payment and satisfaction of June purchase obligations.
- Company evaluating restructuring of Performance Chemicals segment in 2024 to focus on specialty chemicals markets.
- Ingevity must purchase up to ~12,760 tons of crude tall oil in June/July 2024 as part of termination terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653477/000165347724000073/0001653477-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653477/000165347724000073/ngvt-20240701.htm
  HTML page:      https://secwatch.observer/filing/0001653477-24-000073

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