secwatch.observer — SEC 8-K summary
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Issuer:     JELD-WEN Holding, Inc. (JELD)
CIK:        0001674335
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001674335-24-000089
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JELD-WEN to close Vista, CA and Hawkins, WI plants; expects $45M in restructuring costs, $11M annual savings
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- Pre-tax restructuring costs of ~$45M including building restoration, equipment relocation, and employee-related costs.
- Annual pre-tax income improvement of at least $11M after closures are completed.
- Vista closure (composite windows, Auraline brand) by end of 2024; ~$21M costs, ~$4M annual savings.
- Hawkins closure (wood windows) by Q1 2025; consolidation to Rantoul, IL; ~$24M costs, ~$7M annual savings.
- Approximately 450 associates affected (110 in Vista, 340 in Hawkins); product line discontinued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674335/000167433524000089/0001674335-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674335/000167433524000089/jeld-20240411.htm
  HTML page:      https://secwatch.observer/filing/0001674335-24-000089

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