{"schema_version":"secwatch.filing_event.v1","accession":"0000851310-24-000040","form_type":"8-K","ticker":"HLIT","cik":"0000851310","company_name":"HARMONIC INC.","filed_at":"2024-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.146101+00:00","generated_at":"2026-06-03T06:02:58.120123+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Harmonic Q1 revenue down 23% YoY to $122.1M; Nimrod Ben-Natan to become CEO June 11, 2024","bullets":["GAAP net loss of $8.1M ($0.07 loss per share) vs net income of $5.1M in Q1 2023.","Non-GAAP net income of $0.4M ($0.00 per share) vs $14.3M ($0.12) in prior year.","Broadband revenue $78.9M (-21% YoY); Video revenue $43.2M (-25% YoY).","Record backlog and deferred revenue of $677.8M; full year Broadband revenue guidance reaffirmed.","Nimrod Ben-Natan named CEO effective June 11, 2024, with $600K base salary and $5.5M RSU grant."],"urls":{"canonical":"https://secwatch.observer/filing/0000851310-24-000040","json":"https://secwatch.observer/filing/0000851310-24-000040.json","markdown":"https://secwatch.observer/filing/0000851310-24-000040.md","text":"https://secwatch.observer/filing/0000851310-24-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/851310/000085131024000040/0000851310-24-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/851310/000085131024000040/hlit-20240429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:02:58.120123+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":"f4eec858ff169387ca0beebbff83f5f29488e423","claim":"HARMONIC INC. reported first quarter of 2024 results: revenue $122.1 million, net income GAAP net loss $8.1 million and non-GAAP net income of $0.4 million, EPS GAAP net loss per share of $0.07 and non-GAAP net income per share of $0.00. Guidance reaffirmed.","evidence_excerpt":"we are reaffirming our full year Broadband revenue guidance while increasing Video full year EBITDA guidance.” Q1 Financial and Business Highlights Financial • Revenue: $122.1 million, compared to $157.6 million in the prior year period ◦ Broadband segment revenue: $78.9 million, compared to $100.4 million in the prior year period ◦ Video segment revenue:","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/851310/000085131024000040/0000851310-24-000040-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Revenue","value":"$122.1 million"},{"label":"Net income","value":"GAAP net loss $8.1 million and non-GAAP net income of $0.4 million"},{"label":"EPS","value":"GAAP net loss per share of $0.07 and non-GAAP net income per share of $0.00"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3c3a1ed32d","claim":"Nimrod Ben-Natan was appointed as Chief Executive Officer at HARMONIC INC..","evidence_excerpt":"the previously announced appointment of Nimrod Ben-Natan as Chief Executive Officer (“CEO”) of Harmonic Inc. (the “Company”) to be effective as of June 11, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/851310/000085131024000040/0000851310-24-000040-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"4a23cf1f84","claim":"Patrick Harshman changed role as Chief Executive Officer at HARMONIC INC..","evidence_excerpt":"the Company entered into a consulting agreement with Mr. Harshman (the “Harshman Consulting Agreement”), effective June 11, 2024, and ending on the one-year anniversary thereof, subject to any extension by mutual agreement between the parties.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/851310/000085131024000040/0000851310-24-000040-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"transitioned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}