{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-025319","form_type":"8-K","ticker":"SITC","cik":"0000894315","company_name":"SITE Centers Corp.","filed_at":"2023-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.687308+00:00","generated_at":"2026-06-14T11:01:27.417257+00:00","sec_items":["7.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"SITE Centers announces restructuring plan with $5.3M charges, expects $3.7M annual savings","bullets":["Voluntary retirement offer to eligible employees aged 59.5+ with 10+ years service.","Total severance and other charges of ~$5.3M; $3.1M in Q2 2023, remainder in Q3/Q4 2023.","Annualized expense reduction of ~$3.7M in G&A and O&M and non-real estate depreciation.","Charges impact Net Income and FFO in 2023 but excluded from Operating FFO (OFFO).","Full savings expected starting Q2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-025319","json":"https://secwatch.observer/filing/0000950170-23-025319.json","markdown":"https://secwatch.observer/filing/0000950170-23-025319.md","text":"https://secwatch.observer/filing/0000950170-23-025319.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894315/000095017023025319/0000950170-23-025319-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894315/000095017023025319/sitc-20230531.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T11:01:27.417257+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"}