INVACARE CORPORATION (NYSE:IVC) Files An 8-K Costs Associated with Exit or Disposal Activities
Item 2.05.
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Costs Associated with Exit or Disposal Activities.
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implemented a reduction in its workforce of approximately 100
associates. The Company expects to incur pre-tax cash
restructuring charges, primarily relating to severance and
transition assistance, of approximately $2.2 million, that will
be expensed in the first quarter of 2017. The Company expects
cash payments to be made from January 2017 through September
2017. Once this reduction in workforce is completed, the Company
expects that it will generate approximately $6.6 million in
annualized pre-tax savings.
announcing the reduction in workforce. A copy of the press
release is furnished as Exhibit 99.1 to this Current Report on
Form 8-K.
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(d) Exhibits.
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Exhibit Number
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Description of Exhibit
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99.1
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Press Release, dated January 31, 2017.
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About INVACARE CORPORATION (NYSE:IVC)
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific. The Company manufactures and distributes three product categories: mobility and seating, lifestyle and respiratory therapy. It provides medical device solutions for congenital (cerebral palsy, muscular dystrophy and spina bifida), acquired (stroke, spinal cord injury, traumatic brain injury, post-acute recovery and pressure ulcers) and degenerative (amyotrophic lateral sclerosis, multiple sclerosis, chronic obstructive pulmonary disease (COPD), elderly and bariatric) ailments. The Company sells its products to home medical equipment providers with retail and e-commerce channels, residential living operators, distributors and government health services. INVACARE CORPORATION (NYSE:IVC) Recent Trading Information
INVACARE CORPORATION (NYSE:IVC) closed its last trading session up +0.15 at 11.50 with 175,544 shares trading hands.
