Packaging Corp of America Reports Exit Costs and Impairments

Ticker: PKG · Form: 8-K · Filed: 2025-12-04T00:00:00.000Z

Sentiment: neutral

Topics: restructuring, impairment, exit-costs

Related Tickers: PKG

TL;DR

PKG filing 8-K for exit costs & impairments as of Dec 3, 2025.

AI Summary

On December 3, 2025, Packaging Corporation of America (PKG) filed an 8-K report detailing cost associated with exit or disposal activities and material impairments. The filing indicates that the company is reporting on events that occurred on or before December 3, 2025, with the report being filed on December 4, 2025.

Why It Matters

This filing signals potential restructuring or asset write-downs, which could impact future profitability and operational efficiency for Packaging Corporation of America.

Risk Assessment

Risk Level: medium — The filing indicates costs associated with exit or disposal activities and material impairments, which can signal financial distress or significant strategic shifts.

Key Players & Entities

FAQ

What specific activities are associated with the 'Cost Associated with Exit or Disposal Activities'?

The filing does not specify the exact nature of the exit or disposal activities, only that costs are associated with them.

What are the 'Material Impairments' mentioned in the filing?

The filing indicates material impairments but does not provide details on the specific assets or reasons for these impairments.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on December 3, 2025.

What is the principal executive office address for Packaging Corporation of America?

The principal executive office is located at 1 N. Field Court, Lake Forest, Illinois 60045.

What is the ticker symbol for Packaging Corporation of America?

The ticker symbol for Packaging Corporation of America is PKG.

From the Filing

0001193125-25-307535.txt : 20251204 0001193125-25-307535.hdr.sgml : 20251204 20251204090010 ACCESSION NUMBER: 0001193125-25-307535 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20251203 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities ITEM INFORMATION: Material Impairments ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20251204 DATE AS OF CHANGE: 20251204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACKAGING CORP OF AMERICA CENTRAL INDEX KEY: 0000075677 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] ORGANIZATION NAME: 04 Manufacturing EIN: 364277050 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15399 FILM NUMBER: 251548376 BUSINESS ADDRESS: STREET 1: 1 NORTH FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 8474823000 MAIL ADDRESS: STREET 1: 1 NORTH FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 8-K 1 d50663d8k.htm 8-K 8-K PACKAGING CORP OF AMERICA false 0000075677 0000075677 2025-12-03 2025-12-03     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 3, 2025     Packaging Corporation of America (Exact name of registrant as specified in its charter)       Delaware   1-15399   36-4277050 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 1 N. Field Court , Lake Forest , Illinois 60045 (Address of Principal Executive Offices, including Zip Code) (847) 482-3000 (Registrant’s Telephone Number, Including Area Code)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2 (b))   ☐ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Securities registered pursuant to Section 12(b) of the Exchange Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock   PKG   New York Stock Exchange       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 charg

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