---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-041635"
form_type: "8-K"
ticker: "QSI"
cik: "0001816431"
company_name: "Quantum-Si Inc"
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:28:17.163960+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quantum-Si announces 16% workforce reduction; President/COO Schneider departs

## Summary
- Restructuring to cut ~16% of workforce; expects $2.5M cash severance charge and $0.3M non-cash stock option modification expense in H2 2023.
- President and COO Patrick Schneider steps down effective August 28, 2023; separation agreement to follow.
- CEO Jeffrey Hawkins appointed as President in addition to his CEO role; no additional compensation.
- Restructuring aimed at decreasing costs and streamlining organization; expected to complete in Q4 2023.

## SEC filing metadata
- accession: 0001140361-23-041635
- form_type: 8-K
- ticker: QSI
- cik: 0001816431
- company_name: Quantum-Si Inc
- filed_at: 2023-08-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816431/000114036123041635/0001140361-23-041635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816431/000114036123041635/brhc20058135_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-041635
- JSON: https://secwatch.observer/filing/0001140361-23-041635.json
- Plain text: https://secwatch.observer/filing/0001140361-23-041635.txt

## Key facts
- Executive change
  Patrick Schneider departed as President and Chief Operating Officer at Quantum-Si Inc.
  - Action: step down
  - Role: President and Chief Operating Officer
  source text: On August 28, 2023 (the “Effective Date”), the Company and Patrick Schneider, Ph.D. , the Company’s current President and Chief Operating Officer, mutually determined that Dr. Schneider w ill step down from such roles, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816431/000114036123041635/0001140361-23-041635-index.htm
- Executive change
  Jeffrey Hawkins was appointed as President at Quantum-Si Inc.
  - Action: appointed
  - Role: President
  source text: the Company’s board of directors (the “Board”) appointed Jeffrey Hawkins, the Company’s current Chief Executive Officer and member of the Board, as President of the Company, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816431/000114036123041635/0001140361-23-041635-index.htm
- Restructurings & Charges
  Quantum-Si Inc announced a restructuring with charges of approximately $2.5 million affecting organizational restructuring (approximately 16% of its workforce).
  - Type: restructuring
  - Charge: approximately $2.5 million
  - Affected area: organizational restructuring
  - Headcount: approximately 16% of its workforce
  source text: with the restructuring, the Company expects that it will recognize over the remainder of 2023 a one-time cash charge related to severance and other benefits of approximately $2.5 million. In addition, the Company expects to recognize non-cash expense over the remainder of 2023 in the amount of approximately $0.3 million related to stock option modifications. The
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816431/000114036123041635/0001140361-23-041635-index.htm

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