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#3553
Freightcar America, Inc. - Common Stock
6.6 9 USD
-0.03%
Market Price
Sector: Industrials
Base: USD
Profit Currency: USD
Daily Range
6.61
6.70
Year Range
6.61
14.80
Daily Change
-2.90%
Monthly Change
-16.48%
6 month change
-51.52%
Year Change
-19.78%
Previous Close
6.8 9
Open
6.6 1
Low
6.6 1
High
6.7 0
Volume
77
Open full chart

Financials

Overview Statement Statistics Dividends Documents

2026

Current report, Q3 FY2026
Freightcar America, Inc. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
Freightcar America, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Freightcar America, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Freightcar America, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Freightcar America, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Freightcar America, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Freightcar America, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Freightcar America, Inc. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
Freightcar America, Inc. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Freightcar America, Inc. current report, Q1 FY2026
8-K

Freightcar America, Inc. current report, 08 July 2013

Full document

Business Context and Reporting Period

Company: Freightcar America, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 8, 2013
Event: Initiation of legal proceedings regarding retiree welfare benefits.

Key Financial Metrics

This filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures. The document focuses exclusively on a legal event and its potential impact on existing postretirement benefit reserves.

Material Changes and Events

  • Litigation Filed: On July 8, 2013, the Company filed a Complaint for Declaratory Judgment in the U.S. District Court for the Northern District of Illinois (Case No. 1:13-cv-04889).
  • Defendants: The United Steel, Paper & Forestry, Rubber, Manufacturing, Energy, Allied Industrial & Services Workers International Union (USW) and approximately 650 individual Retiree Defendants.
  • Objective: The Company seeks a court declaration confirming its right to modify or terminate welfare benefits (medical coverage and life insurance) for retirees.
  • Background: A prior settlement agreement allowed the Company to cease contributions as of November 30, 2012. Negotiations for an extension at reduced rates failed over the past two years.
  • Effective Action: The Company is terminating contributions for retiree medical coverage and life insurance benefits effective October 1, 2013.

Outlook, Risks, and Contingencies

  • Reserve Exposure: The Company has recorded reserves related to postretirement benefit obligations, a substantial portion of which relates to this dispute. The current reserve reflects the best estimate of exposure under the prior settlement agreement.
  • Uncertainty: The reserve amount could change as a result of the litigation outcome or if the parties reach an alternative settlement agreement.
  • Legal Risk: The Company is relying on the Employee Retirement Income Security Act of 1974 (ERISA) to justify the reduction or termination of benefits.

Investor Verification Checklist

  • Review the attached Complaint for Declaratory Judgment (Exhibit 99.1) for full legal details.
  • Examine the Company's most recent audited financial statements to quantify the specific dollar amount of the postretirement benefit reserves mentioned.
  • Monitor future filings for updates on the litigation status or any settlement agreements reached with the USW.
  • Assess the potential impact of the October 1, 2013 benefit termination on the Company's future operating expenses and cash flow.

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