---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-055944"
form_type: "8-K"
ticker: null
cik: "0000795212"
company_name: "Kaspien Holdings Inc."
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T19:04:29.925550+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kaspien Holdings to cut substantially all employees; estimates $1.8M in severance costs

## Summary
- Reduction in force of substantially all employees except a core group.
- Estimated $1.8 million for retention, severance, and other termination costs in Q4 2023.
- Workforce reduction expected to be substantially complete by end of January 2024.
- Decision based on assessment of current cash and liquidity position.

## SEC filing metadata
- accession: 0001140361-23-055944
- form_type: 8-K
- cik: 0000795212
- company_name: Kaspien Holdings Inc.
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/795212/000114036123055944/0001140361-23-055944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/795212/000114036123055944/ef20015933_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-055944
- JSON: https://secwatch.observer/filing/0001140361-23-055944.json
- Plain text: https://secwatch.observer/filing/0001140361-23-055944.txt

## Key facts
- Restructurings & Charges
  Kaspien Holdings Inc. announced a restructuring with charges of approximately $1.8 million (substantially all of our employees).
  - Type: restructuring
  - Charge: approximately $1.8 million
  - Headcount: substantially all of our employees
  source text: After an assessment of our current cash and liquidity position, we decided to initiate a reduction in force of substantially all of our employees other than a core group of employees. We estimate that we will incur approximately $1.8 million for retention, severance and other employee termination-related costs in the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/795212/000114036123055944/0001140361-23-055944-index.htm

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