MARIN SOFTWARE INC: restructuring charge — Marin Software cuts ~28% of workforce; expects $1.2M-$1.4M in severance costs

MARIN SOFTWARE INC

Reduction of ~22 employees (~28% of global headcount as of Dec 31, 2024) plus ~3 contractors.
Cash expenditures estimated between $1.2M and $1.4M, substantially all severance.
Restructuring plan commenced March 4, 2025; expected completion by end of Q1 2025.
Majority of pre-tax restructuring charges expected in Q1 2025.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

MARIN SOFTWARE INC announced a restructuring with charges of between approximately $1.2 million and $1.4 million (approximately 22 employees, representing approximately 28% of the Company’s global employees).

Type: restructuring
Charge: between approximately $1.2 million and $1.4 million
Headcount: approximately 22 employees, representing approximately 28% of the Company’s global employees

Exact text from the filing

expects to substantially complete the 2025 Restructuring Plan by the end of the quarter ending March 31, 2025. The Company estimates that it will incur between approximately $1.2 million and $1.4 million of cash expenditures in connection with the 2025 Restructuring Plan, substantially all of which relates to severance costs. The Company expects to recognize the

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Source: SEC EDGAR

accession 0000950170-25-034658

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