{"schema_version":"secwatch.filing_event.v1","accession":"0001013857-26-000009","form_type":"8-K","ticker":"PEGA","cik":"0001013857","company_name":"PEGASYSTEMS INC","filed_at":"2026-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.398444+00:00","generated_at":"2026-05-16T10:45:42.491343+00:00","sec_items":["2.05","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Pegasystems commits to restructuring, expects $13M Q4 2025 charge","bullets":["Organizational changes primarily impact Consulting org, including role eliminations and reorganization.","Charge of ~$13M in Q4 2025 for cash severance and related benefit costs.","Employee notifications begun; communications expected substantially complete in Q1 2026.","Changes support shift to AI-first delivery model and 2026 priorities."],"urls":{"canonical":"https://secwatch.observer/filing/0001013857-26-000009","json":"https://secwatch.observer/filing/0001013857-26-000009.json","markdown":"https://secwatch.observer/filing/0001013857-26-000009.md","text":"https://secwatch.observer/filing/0001013857-26-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/0001013857-26-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/pega-20260107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:45:42.491343+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":"00f80ff2d5684217ddf561c8450495dcae510667","claim":"PEGASYSTEMS INC announced a restructuring with charges of approximately $13 million affecting Consulting organization (some role eliminations).","evidence_excerpt":"On January 7, 2026, Pegasystems Inc. (the “Company”) committed to making organizational changes, primarily impacting the Consulting organization. This includes some role eliminations and reorganization. The Company has begun notifying affected employees, and communications to impacted persons or their representatives are expected to be substantially completed in the first quarter of 2026. The Company expects to incur a charge of approximately $13 million in the fourth quarter of 2025 related principally to cash severance and related benefit costs for terminated employees.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/0001013857-26-000009-index.htm","confidence":0.95}],"comparable_filings":[{"accession":"0001213900-26-052921","ticker":"AIRE","company_name":"reAlpha Tech Corp.","filed_at":"2026-05-06T23:59:59+00:00","headline":"reAlpha cuts workforce 25%, targets $2M annual savings in restructuring","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-052921","json":"https://secwatch.observer/filing/0001213900-26-052921.json","markdown":"https://secwatch.observer/filing/0001213900-26-052921.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/0001213900-26-052921-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/ea0289539-8k_realpha.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On January 7, 2026, Pegasystems Inc. (the “Company”) committed to making organizational changes, primarily impacting the Consulting organization. This includes some role eliminations and reorganization. The Company has begun notifying affected employees, and communications to impacted persons or their representatives are expected to be substantially completed in the first quarter of 2026. The Company expects to incur a charge of approximately $13 million in the fourth quarter of 2025 related principally to cash severance and related benefit costs for terminated employees.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/0001013857-26-000009-index.htm","comparable_excerpt":"Plan as well as savings related\nto certain restricted stock units lapsing over the next twelve months. The Company estimates that\nit will incur pre-tax charges in the range of $0.14 million to $0.20 million in connection with the Plan, consisting of approximately\n$0.10 to $0.15 in future cash-based expenditures associated with severance and benefit payments and","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/0001213900-26-052921-index.htm"}},{"accession":"0001193125-26-192362","ticker":"AUTL","company_name":"Autolus Therapeutics plc","filed_at":"2026-04-29T23:59:59+00:00","headline":"Autolus cuts workforce 13%; expects $8M restructuring charge, $15M annualized savings","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-192362","json":"https://secwatch.observer/filing/0001193125-26-192362.json","markdown":"https://secwatch.observer/filing/0001193125-26-192362.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/0001193125-26-192362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/d113906d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On January 7, 2026, Pegasystems Inc. (the “Company”) committed to making organizational changes, primarily impacting the Consulting organization. This includes some role eliminations and reorganization. The Company has begun notifying affected employees, and communications to impacted persons or their representatives are expected to be substantially completed in the first quarter of 2026. The Company expects to incur a charge of approximately $13 million in the fourth quarter of 2025 related principally to cash severance and related benefit costs for terminated employees.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/0001013857-26-000009-index.htm","comparable_excerpt":"Item 2.05 Costs Associated with Exit or Disposal Activities. On April 29, 2026, Autolus Therapeutics plc (the “Company”) announced its Board of Directors approved a plan to improve operational efficiency and reduce operating expenses. This plan will implement a reduction in force whereby the Company will eliminate approximately 13% of the Company’s workforce, inclusive of employee-related actions that began in the second half of 2025. The Company anticipates that it will complete the implementation of the plan by the third quarter of 2026. Affected employees will be offered separation benefits, including severance payments and, where applicable, temporary healthcare coverage assistance. The Company estimates that it will incur total expenses relating to the realignment of approximately $8 million, consisting of severance and termination-related costs. The Company expects to record a significant portion of these charges in the first half of 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/0001193125-26-192362-index.htm"}},{"accession":"0001193125-26-149752","ticker":"CARS","company_name":"Cars.com Inc.","filed_at":"2026-04-09T23:59:59+00:00","headline":"Cars.com cuts 11% of workforce, expects $8.5-9M charges; reaffirms FY guidance","event_type":"other_material","sec_items":["2.02","2.05","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-149752","json":"https://secwatch.observer/filing/0001193125-26-149752.json","markdown":"https://secwatch.observer/filing/0001193125-26-149752.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1683606/000119312526149752/0001193125-26-149752-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1683606/000119312526149752/cars-20260406.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On January 7, 2026, Pegasystems Inc. (the “Company”) committed to making organizational changes, primarily impacting the Consulting organization. This includes some role eliminations and reorganization. The Company has begun notifying affected employees, and communications to impacted persons or their representatives are expected to be substantially completed in the first quarter of 2026. The Company expects to incur a charge of approximately $13 million in the fourth quarter of 2025 related principally to cash severance and related benefit costs for terminated employees.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/0001013857-26-000009-index.htm","comparable_excerpt":"On April 9, 2026, the Company also announced a cost reduction program that includes a reduction in the Company’s workforce of approximately 11% of its full-time roles, including certain management roles and two executive roles. In connection with this workforce reduction, the Company expects to incur aggregate charges of approximately $8.5-$9 million, consisting primarily of employee-related costs, including severance, benefits, and other related expenses.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1683606/000119312526149752/0001193125-26-149752-index.htm"}},{"accession":"0001193125-26-143876","ticker":"STIM","company_name":"Neuronetics, Inc.","filed_at":"2026-04-06T23:59:59+00:00","headline":"Neuronetics announces CFO resignation, 5% workforce reduction, and former CEO consulting deal","event_type":"other_material","sec_items":["1.01","2.05","5.02","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-143876","json":"https://secwatch.observer/filing/0001193125-26-143876.json","markdown":"https://secwatch.observer/filing/0001193125-26-143876.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/d107138d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On January 7, 2026, Pegasystems Inc. (the “Company”) committed to making organizational changes, primarily impacting the Consulting organization. This includes some role eliminations and reorganization. The Company has begun notifying affected employees, and communications to impacted persons or their representatives are expected to be substantially completed in the first quarter of 2026. The Company expects to incur a charge of approximately $13 million in the fourth quarter of 2025 related principally to cash severance and related benefit costs for terminated employees.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/0001013857-26-000009-index.htm","comparable_excerpt":"On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm"}},{"accession":"0001437749-26-011402","ticker":"GEOS","company_name":"GEOSPACE TECHNOLOGIES CORP","filed_at":"2026-04-06T23:59:59+00:00","headline":"Geospace announces 20% workforce reduction, expects ~$10M annual cash savings","event_type":"other_material","sec_items":["2.05","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-011402","json":"https://secwatch.observer/filing/0001437749-26-011402.json","markdown":"https://secwatch.observer/filing/0001437749-26-011402.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001115/000143774926011402/0001437749-26-011402-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001115/000143774926011402/geos20260406_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On January 7, 2026, Pegasystems Inc. (the “Company”) committed to making organizational changes, primarily impacting the Consulting organization. This includes some role eliminations and reorganization. The Company has begun notifying affected employees, and communications to impacted persons or their representatives are expected to be substantially completed in the first quarter of 2026. The Company expects to incur a charge of approximately $13 million in the fourth quarter of 2025 related principally to cash severance and related benefit costs for terminated employees.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/0001013857-26-000009-index.htm","comparable_excerpt":"This organizational change plan will result in approximately 20% reduction in the global workforce, and together with cost-containment measures are expected to produce approximately $10 million of annualized cash savings. In connection with the workforce reduction, the Company expects to incur $0.6 million of termination costs in its second fiscal quarter and incur $0.7 million of costs in its third fiscal quarter ending June 30, 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1001115/000143774926011402/0001437749-26-011402-index.htm"}},{"accession":"0001001250-26-000013","ticker":"EL","company_name":"ESTEE LAUDER COMPANIES INC","filed_at":"2026-04-01T23:59:59+00:00","headline":"Estée Lauder expands restructuring; cumulative approved charges $1.367B","event_type":"other_material","sec_items":["2.05","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001001250-26-000013","json":"https://secwatch.observer/filing/0001001250-26-000013.json","markdown":"https://secwatch.observer/filing/0001001250-26-000013.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001250/000100125026000013/0001001250-26-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001250/000100125026000013/el-20240201.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On January 7, 2026, Pegasystems Inc. (the “Company”) committed to making organizational changes, primarily impacting the Consulting organization. This includes some role eliminations and reorganization. The Company has begun notifying affected employees, and communications to impacted persons or their representatives are expected to be substantially completed in the first quarter of 2026. The Company expects to incur a charge of approximately $13 million in the fourth quarter of 2025 related principally to cash severance and related benefit costs for terminated employees.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/0001013857-26-000009-index.htm","comparable_excerpt":"Cumulative charges approved through March 31, 2026 $ 15 $ 3 $ 976 $ 373 $ 1,367","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1001250/000100125026000013/0001001250-26-000013-index.htm"}},{"accession":"0001289308-26-000009","ticker":"ENS","company_name":"EnerSys","filed_at":"2026-03-25T23:59:59+00:00","headline":"EnerSys to close Tijuana facility, take $37M charge, shift production to Springfield, MO","event_type":"other_material","sec_items":["2.05","2.06","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001289308-26-000009","json":"https://secwatch.observer/filing/0001289308-26-000009.json","markdown":"https://secwatch.observer/filing/0001289308-26-000009.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289308/000128930826000009/0001289308-26-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289308/000128930826000009/ens-20260325.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On January 7, 2026, Pegasystems Inc. (the “Company”) committed to making organizational changes, primarily impacting the Consulting organization. This includes some role eliminations and reorganization. The Company has begun notifying affected employees, and communications to impacted persons or their representatives are expected to be substantially completed in the first quarter of 2026. The Company expects to incur a charge of approximately $13 million in the fourth quarter of 2025 related principally to cash severance and related benefit costs for terminated employees.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/0001013857-26-000009-index.htm","comparable_excerpt":"On March 25, 2026, EnerSys announced a plan to close its facility in Tijuana, Mexico, which focused on manufacturing lead acid batteries. EnerSys expects to incur a pre-tax charge of approximately $37 million under this restructuring plan when completed, the majority of which is expected to be incurred by the second half of fiscal year 2027, of which $14 million is expected to be non-cash charges primarily from equipment write-offs. Cash charges of approximately $23 million, include severance and employee retention costs, environmental related expenses and equipment decommissioning, along with contractual releases and legal expenses.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1289308/000128930826000009/0001289308-26-000009-index.htm"}},{"accession":"0001171843-26-000516","ticker":"HBIO","company_name":"HARVARD BIOSCIENCE INC","filed_at":"2026-01-29T23:59:59+00:00","headline":"Harvard Bioscience to close Holliston facility; expects $4M annual savings from 2028","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-26-000516","json":"https://secwatch.observer/filing/0001171843-26-000516.json","markdown":"https://secwatch.observer/filing/0001171843-26-000516.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1123494/000117184326000516/0001171843-26-000516-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1123494/000117184326000516/f8k_012326.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On January 7, 2026, Pegasystems Inc. (the “Company”) committed to making organizational changes, primarily impacting the Consulting organization. This includes some role eliminations and reorganization. The Company has begun notifying affected employees, and communications to impacted persons or their representatives are expected to be substantially completed in the first quarter of 2026. The Company expects to incur a charge of approximately $13 million in the fourth quarter of 2025 related principally to cash severance and related benefit costs for terminated employees.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000009/0001013857-26-000009-index.htm","comparable_excerpt":"of the Company’s workforce across impacted\noperations. The Company expects to incur pre-tax restructuring\ncharges related to Project Viking in the range of approximately $3.4 to $4.4 million, including non-cash asset write-off and/or accelerated\ndepreciation charges in the range of approximately $0.6 to $0.7 million, primarily related to the exit of","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1123494/000117184326000516/0001171843-26-000516-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}