{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-047397","form_type":"8-K","ticker":null,"cik":"0001729750","company_name":"Kubient, Inc.","filed_at":"2023-10-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.211852+00:00","generated_at":"2026-06-10T03:31:54.827031+00:00","sec_items":["2.05","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Kubient cuts workforce 36%, terminates CPO Zemel, expects $320K restructuring charges","bullets":["Reduced workforce by 36% (4 employees) on Oct 2, 2023 to cut costs ahead of merger with Adomni, Inc.","Expects restructuring charges of ~$320K in Q4 2023; annualized payroll savings of ~$1M.","CPO Leon Zemel terminated without cause; receives $195K severance, accelerated share vesting, pro-rated bonus.","Company implementing strategic initiatives to maximize working capital in advance of the merger.","Special committee members get $5K/month for Oct/Nov 2023, $2.5K/month thereafter."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-047397","json":"https://secwatch.observer/filing/0001140361-23-047397.json","markdown":"https://secwatch.observer/filing/0001140361-23-047397.md","text":"https://secwatch.observer/filing/0001140361-23-047397.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1729750/000114036123047397/0001140361-23-047397-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1729750/000114036123047397/ef20012020_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T03:31:54.827031+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":"cfe57b8748","claim":"Leon Zemel was terminated as Chief Products Officer at Kubient, Inc..","evidence_excerpt":"the Company terminated the employment of Leon Zemel as Chief Products Officer of the Company without cause.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1729750/000114036123047397/0001140361-23-047397-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Products Officer"}],"fact_type":"executive_change"},{"claim_id":"a49b7f21b1575abd852474cd4537a0dfbc1aefba","claim":"Kubient, Inc. announced a restructuring with charges of approximately $320,000 (approximately 36% reduction in the Company’s workforce , or 4 people).","evidence_excerpt":"in connection with the workforce reduction plan with respect to severance payments and benefits. Severance and benefit continuation charges are estimated to be approximately $320,000 and are expected to be recognized primarily in the fourth quarter of 2023. The Company expects the organizational change will reduce current annualized payroll and benefit","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1729750/000114036123047397/0001140361-23-047397-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $320,000"},{"label":"Headcount","value":"approximately 36% reduction in the Company’s workforce , or 4 people"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}