---
schema_version: "secwatch.filing_event.v1"
accession: "0001110611-23-000023"
form_type: "8-K"
ticker: null
cik: "0001110611"
company_name: "ON24 INC."
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:21:21.862356+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ON24 commits to restructuring plan; estimated charge $1.7M-$2.0M in Q2 2023

## Summary
- Plan includes reduction in force with cash severance and benefits costs estimated at $1.7M-$2.0M by end of Q2 2023.
- Restructuring aimed at streamlining organization and reducing expenses; previously telegraphed in May 9 Q1 2023 outlook.
- Plan expected substantially complete by end of Q2 2023; possible additional charges in Q3.
- Company may incur additional expenses not currently contemplated.

## SEC filing metadata
- accession: 0001110611-23-000023
- form_type: 8-K
- cik: 0001110611
- company_name: ON24 INC.
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1110611/000111061123000023/0001110611-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1110611/000111061123000023/ontf-20230622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001110611-23-000023
- JSON: https://secwatch.observer/filing/0001110611-23-000023.json
- Plain text: https://secwatch.observer/filing/0001110611-23-000023.txt

## Key facts
- Restructurings & Charges
  ON24 INC. announced a restructuring with charges of $1.7 million to $2.0 million.
  - Type: restructuring
  - Charge: $1.7 million to $2.0 million
  source text: On June 22, 2023, in an effort to streamline its organization, ON24, Inc. (the “ Company ”) committed to a restructuring plan to reduce expenses (the “ Plan ”). In connection with the Plan, the Company currently estimates it will incur a charge of between approximately $1.7 million to $2.0 million by the end of the second quarter of 2023, which consists primarily of cash severance, employee benefit, and related costs for the reduction in force.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1110611/000111061123000023/0001110611-23-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.