---
schema_version: "secwatch.filing_event.v1"
accession: "0000948708-23-000011"
form_type: "8-K"
ticker: "SMSI"
cik: "0000948708"
company_name: "SMITH MICRO SOFTWARE, INC."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:25:14.817598+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Smith Micro Software cuts executive salaries and director fees by 10% until profitability

## Summary
- 10% reduction in base salaries for executive team including CEO, CFO, and named executive officers effective March 14, 2023.
- Quarterly fees for non-employee directors also reduced by 10% immediately.
- Salaries and director compensation to be restored once company achieves non-GAAP profitability including restored amounts.
- Cost reduction is part of ongoing review of Smith Micro's cost structure.

## SEC filing metadata
- accession: 0000948708-23-000011
- form_type: 8-K
- ticker: SMSI
- cik: 0000948708
- company_name: SMITH MICRO SOFTWARE, INC.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/948708/000094870823000011/0000948708-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/948708/000094870823000011/smsi-20230314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000948708-23-000011
- JSON: https://secwatch.observer/filing/0000948708-23-000011.json
- Plain text: https://secwatch.observer/filing/0000948708-23-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.