8-K
filed April 28, 2026, 7:59 PM ET
ticker PASG
CIK 0001787297
other material
confidence high
sentiment negative
materiality 0.90
Passage Bio cuts ~75% of workforce, expects $3.3M in severance costs
Passage BIO, Inc.
- Workforce reduction of approximately 75%; substantial completion expected in Q2 and Q3 2026.
- Aggregate severance and exit costs estimated at $3.3 million, primarily recorded in Q2 2026.
- Restructuring part of previously announced strategic alternatives review to maximize shareholder value.
- Severance benefits contingent on execution of release of claims by impacted employees.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001104659-26-049755
- form_type
- 8-K
- ticker
- PASG
- cik
- 0001787297
- company_name
- Passage BIO, Inc.
- filed_at
- 2026-04-28T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:32.907265+00:00
- generated_at
- 2026-05-15T03:00:58.188146+00:00
- sec_items
- ["2.05"]
- event_type
- other_material
- sentiment
- negative
- materiality_score
- 0.9
- calibrated_materiality_score
- 0.9
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001104659-26-049755
- json_url
- https://secwatch.observer/filing/0001104659-26-049755.json
- markdown_url
- https://secwatch.observer/filing/0001104659-26-049755.md
- text_url
- https://secwatch.observer/filing/0001104659-26-049755.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1787297/000110465926049755/0001104659-26-049755-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1787297/000110465926049755/tm2612859d1_8k.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
- false
- correction_note
- null
- correction_timestamp
- null
- superseded_by
- null
Comparable filings
KOP
Koppers conditionally plans to shut Stickney, IL chemical operations; Q1 adjusted EPS down 19.7%
Koppers Holdings Inc.
May 8, 2026, 7:59 PM ET
other_material
Items 2.02, 2.05, 5.02, 5.07, 7.01, 9.01
same fact type: restructuring_charge
same SEC item: 2.05
same event type: other_material
similar materiality
This filing
The Company expects that the aggregate severance and exit costs for the Restructuring Plan will be approximately $3.3 million, which will be recorded primarily in the second quarter of 2026.
Comparable filing
potentially appropriate uses for the Stickney facility following the end of production activities. The Company expects this action to result in pre-tax charges to earnings of $227 million to $262 million through the end of 2029, approximately $170 million to $195 million of which constitutes non-cash charges and approximately $57 million to $67 million of which
Filing page
SEC filing
NET
Cloudflare Q1 revenue $639.8M +34% YoY; announces 20% workforce reduction
Cloudflare, Inc.
May 7, 2026, 7:59 PM ET
other_material
Items 2.02, 2.05, 7.01, 9.01
same fact type: restructuring_charge
same SEC item: 2.05
same event type: other_material
similar materiality
This filing
The Company expects that the aggregate severance and exit costs for the Restructuring Plan will be approximately $3.3 million, which will be recorded primarily in the second quarter of 2026.
Comparable filing
On May 7, 2026, the Company announced a plan (the “Plan”) designed to further accelerate its evolution to an agentic AI-first operating model. As part of the Plan, the Company expects to reduce its current workforce by approximately 20%. The Company currently estimates that it will incur charges of between $140 million and $150 million in connection with the Plan
Filing page
SEC filing
ORGN
Origin Materials board approves dissolution, liquidation; CEO steps down; workforce cut 59%
Origin Materials, Inc.
May 1, 2026, 7:59 PM ET
other_material
Items 2.05, 5.02, 9.01
same fact type: restructuring_charge
same SEC item: 2.05
same event type: other_material
similar materiality
This filing
The Company expects that the aggregate severance and exit costs for the Restructuring Plan will be approximately $3.3 million, which will be recorded primarily in the second quarter of 2026.
Comparable filing
its workforce by approximately 59%, resulting in an approximately $14.0 million decrease in annual operating expenses. Origin anticipates that it will incur approximately $2.1 million in restructuring charges in connection with the workforce reduction, primarily consisting of cash expenditures of approximately $2.1 million for severance and benefits costs.
Filing page
SEC filing
SNAP
Snap reports Q1 rev ~$1.53B (+12% YoY), adj EBITDA ~$233M; cuts 16% of staff (~1,000 jobs)
Snap Inc
April 15, 2026, 7:59 PM ET
other_material
Items 2.02, 2.05, 7.01, 9.01
same fact type: restructuring_charge
same SEC item: 2.05
same event type: other_material
similar materiality
This filing
The Company expects that the aggregate severance and exit costs for the Restructuring Plan will be approximately $3.3 million, which will be recorded primarily in the second quarter of 2026.
Comparable filing
increased operational efficiencies to accelerate our path toward net-income profitability. As a result, we currently estimate that we will incur pre-tax charges in the range of $95 million to $130 million, primarily consisting of severance and related costs, contract termination costs, and other impairment charges, of which $75 million to $100 million are expected
Filing page
SEC filing
CRMT
America's Car-Mart to close 42 stores (31% of total); non-cash impairment ~$14M due to capital constraints
AMERICAS CARMART INC
April 7, 2026, 7:59 PM ET
other_material
Items 2.05, 2.06, 7.01, 9.01
same fact type: restructuring_charge
same SEC item: 2.05
same event type: other_material
similar materiality
This filing
The Company expects that the aggregate severance and exit costs for the Restructuring Plan will be approximately $3.3 million, which will be recorded primarily in the second quarter of 2026.
Comparable filing
the Company expects to record a non-cash impairment charge of approximately $14 million related to assets at the closing locations.
Filing page
SEC filing
SSM
Sono Group exits solar subsidiary, adopts Bitcoin treasury strategy with covered-call yield
Sono Group N.V.
March 19, 2026, 7:59 PM ET
other_material
Items 2.05, 8.01, 9.01
same fact type: restructuring_charge
same SEC item: 2.05
same event type: other_material
similar materiality
This filing
The Company expects that the aggregate severance and exit costs for the Restructuring Plan will be approximately $3.3 million, which will be recorded primarily in the second quarter of 2026.
Comparable filing
On March 14, 2026, the supervisory board of Sono Group N.V. (the “Company”) resolved to terminate all current and future funding commitments to its sole operational subsidiary, Sono Motors GmbH, and to exit the legacy solar operations conducted through Sono Motors GmbH, with immediate effect.
Filing page
SEC filing
ULCC
Frontier defers 69 Airbus deliveries to 2031-33; terminates leases on 24 A320neos from AerCap
Frontier Group Holdings, Inc.
March 17, 2026, 7:59 PM ET
other_material
Items 1.01, 2.05
same fact type: restructuring_charge
same SEC item: 2.05
same event type: other_material
similar materiality
This filing
The Company expects that the aggregate severance and exit costs for the Restructuring Plan will be approximately $3.3 million, which will be recorded primarily in the second quarter of 2026.
Comparable filing
the Early Return Agreement is expected to result in charges in the range of $75 million to $95 million in connection with early lease termination and return of aircraft and engines to AerCap to be recognized in the first and second quarters of 2026
Filing page
SEC filing
TEAM
Atlassian to cut ~10% workforce (~1,600 roles); CTO Rajeev Rajan departing
Atlassian Corp
March 11, 2026, 7:59 PM ET
other_material
Items 2.05, 7.01, 5.02, 9.01
same fact type: restructuring_charge
same SEC item: 2.05
same event type: other_material
similar materiality
This filing
The Company expects that the aggregate severance and exit costs for the Restructuring Plan will be approximately $3.3 million, which will be recorded primarily in the second quarter of 2026.
Comparable filing
efficiency and sustainability. Position eliminations in each country are subject to local law and consultation requirements. The Company estimates it will incur approximately $225 million to $236 million in charges in connection with these actions, of which approximately $169 million to $174 million is expected to result in future cash outlays related to
Filing page
SEC filing
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.