{"schema_version":"secwatch.filing_event.v1","accession":"0000772406-23-000038","form_type":"8-K","ticker":"CRUS","cik":"0000772406","company_name":"CIRRUS LOGIC, INC.","filed_at":"2023-07-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.631384+00:00","generated_at":"2026-06-13T09:39:55.728531+00:00","sec_items":["5.02","7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cirrus Logic cuts 5% of global workforce; CEO takes 10% pay cut","bullets":["CEO John Forsyth voluntarily reduced base salary 10% from $728K to $655.2K, effective July 11, 2023.","Company implements workforce reduction of approx. 5% of global employees due to market conditions and product cancellation.","Cancelled product was previously scheduled for fall introduction and disclosed in FY2023 10-K.","Expects to recognize charges related to workforce reduction in Q2 fiscal 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000772406-23-000038","json":"https://secwatch.observer/filing/0000772406-23-000038.json","markdown":"https://secwatch.observer/filing/0000772406-23-000038.md","text":"https://secwatch.observer/filing/0000772406-23-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/772406/000077240623000038/0000772406-23-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/772406/000077240623000038/crus-20230711.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T09:39:55.728531+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}