secwatch.observer — SEC 8-K summary
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Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001739566-23-000059
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Utz Brands to close Birmingham plant; expects $3-5M cash charges, $8.5-11M impairment
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- Permanently ceasing manufacturing at Birmingham, AL facility effective July 3, 2023.
- Approximately 275 employees affected; ~100 will remain in distribution center.
- Pre-tax cash charges of $3.0M-$5.0M in FY2023, including $1.5M severance.
- Non-cash asset impairment charges of $8.5M-$11.0M expected.
- Golden Flake and other products will be produced at other Utz facilities; no distribution issues.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956623000059/0001739566-23-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956623000059/utz-20230424.htm
  HTML page:      https://secwatch.observer/filing/0001739566-23-000059

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