secwatch.observer — SEC 8-K summary
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Issuer:     JELD-WEN Holding, Inc. (JELD)
CIK:        0001674335
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001674335-23-000004
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

JELD-WEN to close Atlanta plant; restructuring costs ~$19M, annual savings ~$11M
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- Plan to close manufacturing facility in Atlanta, GA to optimize footprint and drive operational efficiencies.
- Pre-tax restructuring costs of approximately $19M, substantially all by end of Q3 2023.
- Cash items expected to be ~$15M, including ~$3M of capital expenditures.
- Annual cost savings estimated at ~$11M upon completion of the Plan.
- Plan expected to be substantially completed by end of Q3 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674335/000167433523000004/0001674335-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674335/000167433523000004/jeld-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001674335-23-000004

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