Packaging Corporation of America filed SEC Form 8-K: Costs Associated with Exit or Disposal Activities, Material Impairments
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| Item 2.05. | Costs Associated with Exit or Disposal Activities. |
On December 3, 2025, Packaging Corporation of America (the “Company”) approved and announced a plan to permanently shut down the No. 2 paper machine and kraft pulping facilities at its Wallula, Washington containerboard mill. The Company will continue to operate the No. 3 paper machine and recycled pulping facilities at the mill. These actions are expected to be completed by the end of the first quarter of 2026.
The Company estimates that these actions will result in pre-tax restructuring charges of $205 million, substantially all of which will be recorded in the fourth quarter of 2025 and first quarter of 2026. These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges. The Company expects a reduction in headcount of approximately 200 positions.
The press release making such announcement is filed herewith as Exhibit 99.1 and incorporated by reference into this Item 2.05.
| Item 2.06. | Material Impairments. |
The disclosure included under Item 2.05 is incorporated by reference into this Item 2.06.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 99.1 | Press Release issued on December 3, 2025 | |||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PACKAGING CORPORATION OF AMERICA | ||||
| (Registrant) | ||||
| By: | /s/ Kent A. Pflederer | |||
| Executive Vice President and Chief Financial Officer | ||||
Date: December 4, 2025