---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-005117"
form_type: "8-K"
ticker: "RYAN"
cik: "0001849253"
company_name: "RYAN SPECIALTY HOLDINGS, INC."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:46:26.922950+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

# Ryan Specialty announces restructuring program with $65M charges, $35M annual savings; Q4 results released

## Summary
- Board approved two-year restructuring program starting Q1 2023, expected to generate $35M annual cost savings by 2025.
- Cumulative pre-tax charges estimated at $65M: $45M operations/tech optimization, $15M compensation/benefits, $5M asset impairment.
- Approximately 95% of restructuring charges will result in future cash expenditures; program to be completed by end of 2024.
- Company also issued Q4 2022 earnings press release on Feb 28, 2023, but no specific financial results provided in this filing.

## SEC filing metadata
- accession: 0000950170-23-005117
- form_type: 8-K
- ticker: RYAN
- cik: 0001849253
- company_name: RYAN SPECIALTY HOLDINGS, INC.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849253/000095017023005117/0000950170-23-005117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849253/000095017023005117/ryan-20221231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-005117
- JSON: https://secwatch.observer/filing/0000950170-23-005117.json
- Plain text: https://secwatch.observer/filing/0000950170-23-005117.txt

## Key facts
- Earnings Releases
  RYAN SPECIALTY HOLDINGS, INC. reported financial results for the fourth quarter ended December 31, 2022.
  - Period: the fourth quarter ended December 31, 2022
  - Result: reported results
  source text: On February 28, 2023, Ryan Specialty Holdings, Inc. (the “Company”) issued a press release announcing its results of operations for the fourth quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849253/000095017023005117/0000950170-23-005117-index.htm
- Restructurings & Charges
  RYAN SPECIALTY HOLDINGS, INC. announced a restructuring with charges of approximately $65 million.
  - Type: restructuring
  - Charge: approximately $65 million
  source text: to be completed by the end of 2024. The Company currently estimates that the Program will result in cumulative pre-tax charges to its GAAP financial results of approximately $65 million which are expected to be recorded as exit and disposal activities and are broken down as follows: Program Activity Charges Operations and Technology Optimization $ 45 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849253/000095017023005117/0000950170-23-005117-index.htm

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