---
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"
generated_at: "2026-06-10T03:31:54.827031+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kubient cuts workforce 36%, terminates CPO Zemel, expects $320K restructuring charges

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-047397
- form_type: 8-K
- cik: 0001729750
- company_name: Kubient, Inc.
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-047397
- JSON: https://secwatch.observer/filing/0001140361-23-047397.json
- Plain text: https://secwatch.observer/filing/0001140361-23-047397.txt

## Key facts
- Executive change
  Leon Zemel was terminated as Chief Products Officer at Kubient, Inc..
  - Action: terminated
  - Role: Chief Products Officer
  source text: the Company terminated the employment of Leon Zemel as Chief Products Officer of the Company without cause.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729750/000114036123047397/0001140361-23-047397-index.htm
- Restructurings & Charges
  Kubient, Inc. announced a restructuring with charges of approximately $320,000 (approximately 36% reduction in the Company’s workforce , or 4 people).
  - Type: restructuring
  - Charge: approximately $320,000
  - Headcount: approximately 36% reduction in the Company’s workforce , or 4 people
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1729750/000114036123047397/0001140361-23-047397-index.htm

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