{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-060703","form_type":"8-K","ticker":null,"cik":"0001431959","company_name":"META MATERIALS INC.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.059047+00:00","generated_at":"2026-06-08T09:05:58.569024+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Meta Materials appoints new CEO, announces restructuring cost savings of $20-30M annually","bullets":["CEO Jim Fusaro resigned Nov 4 due to health issues; Uzi Sasson promoted to CEO, effective immediately.","Ahmed Shebl appointed CAO and Interim CFO; base salary $200K, target bonus 50%.","Annualized cost savings from restructuring estimated at $20-30M; focus on three core business lines.","META received $6.2M in new purchase orders; G10 central bank agreement up to 5 years for $41.5M.","Launched first fully animated nano-optic banknote security product QUANTUM stripe in Sep 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-060703","json":"https://secwatch.observer/filing/0000950170-23-060703.json","markdown":"https://secwatch.observer/filing/0000950170-23-060703.md","text":"https://secwatch.observer/filing/0000950170-23-060703.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1431959/000095017023060703/0000950170-23-060703-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1431959/000095017023060703/mmat-20231104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T09:05:58.569024+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":"4f9f85d6d0","claim":"Uzi Sasson changed role as Chief Executive Officer at META MATERIALS INC..","evidence_excerpt":"On November 5, 2023, the Board promoted Uzi Sasson to CEO of the Company to replace Mr. Fusaro.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431959/000095017023060703/0000950170-23-060703-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"promoted"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"7c6c688479","claim":"Jim Fusaro resigned as Chief Executive Officer at META MATERIALS INC..","evidence_excerpt":"On November 4, 2023, Jim Fusaro resigned as Chief Executive Officer (“CEO”) and as a member of the Board of Directors (the “Board”) of Meta Materials Inc.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431959/000095017023060703/0000950170-23-060703-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"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"}