{"schema_version":"secwatch.filing_event.v1","accession":"0000078814-24-000043","form_type":"8-K","ticker":"PBI","cik":"0000078814","company_name":"PITNEY BOWES INC /DE/","filed_at":"2024-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.880767+00:00","generated_at":"2026-05-31T23:51:53.176656+00:00","sec_items":["2.05","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Pitney Bowes approves $25M restructuring plan; Global Ecommerce president departs","bullets":["Approved 2024 Plan to reduce costs with ~$25M pre-tax charge in Q2 2024, mainly cash severance.","Workforce reductions and other actions; plan expected to be completed by end of Q1 2025.","Gregg Zegras, EVP and President of Global Ecommerce, departs effective June 30, 2024.","Separation agreement offers $856,000 cash (52 weeks salary), pro-rata bonus, and equity treatment.","2023 RSUs (76,103 units) vest fully; 2024 PSUs (187,970 units) continue vesting on prorated basis."],"urls":{"canonical":"https://secwatch.observer/filing/0000078814-24-000043","json":"https://secwatch.observer/filing/0000078814-24-000043.json","markdown":"https://secwatch.observer/filing/0000078814-24-000043.md","text":"https://secwatch.observer/filing/0000078814-24-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/78814/000007881424000043/0000078814-24-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/78814/000007881424000043/pbi-20240626.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:51:53.176656+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"63a46c5b4f","claim":"Gregg Zegras departed as Executive Vice President and President, Global Ecommerce at PITNEY BOWES INC /DE/.","evidence_excerpt":"The employment of Gregg Zegras as Executive Vice President and President, Global Ecommerce at the Company ended, effective June 30, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/78814/000007881424000043/0000078814-24-000043-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"separated"},{"label":"Role","value":"Executive Vice President and President, Global Ecommerce"}],"fact_type":"executive_change"},{"claim_id":"9170d5f4d3724deee4de0873bc04a19175c1f064","claim":"PITNEY BOWES INC /DE/ announced a restructuring with charges of approximately $25 million.","evidence_excerpt":"reductions and other actions (the “2024 Plan”). The Company currently expects to incur aggregate one-time, pre-tax charges associated with the 2024 Plan of approximately $25 million, primarily related to cash severance costs, to be recorded in the second quarter of 2024. We anticipate incurring additional charges in future periods related to further","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/78814/000007881424000043/0000078814-24-000043-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $25 million"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}