{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-058191","form_type":"8-K","ticker":null,"cik":"0000795212","company_name":"Kaspien Holdings Inc.","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.021396+00:00","generated_at":"2026-06-07T11:33:24.750837+00:00","sec_items":["2.05","3.01","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Kaspien initiates wind-down, voluntary delisting from OTCQB effective Jan 8, 2024","bullets":["Wind-down plan initiated; substantially all employees reduced; estimated $1.8M in severance/retention costs.","Additional $1.8M estimated for other wind-down costs; operations substantially completed by May 1, 2024.","Voluntary delisting from OTCQB effective ~Jan 8, 2024; intends to deregister as public company.","CEO Brock Kowalchuk retention agreement: $150k bonus; CFO Edwin Sapienza: $140k; both to stay through May 1, 2024.","Company intends to avoid bankruptcy filing."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-058191","json":"https://secwatch.observer/filing/0001140361-23-058191.json","markdown":"https://secwatch.observer/filing/0001140361-23-058191.md","text":"https://secwatch.observer/filing/0001140361-23-058191.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/795212/000114036123058191/0001140361-23-058191-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/795212/000114036123058191/ef20016853_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:33:24.750837+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":"0ef2097b62d032f70b0b42012d24d274310116db","claim":"Kaspien Holdings Inc. announced a restructuring with charges of approximately $1.8 million for retention, severance and other employee termination-related costs affecting the Company's operations (substantially all of the Company's employees).","evidence_excerpt":"execute an orderly wind down of the Company and support the efforts to maximize the value of the Company’s business and assets. The Company’s previous estimate of approximately $1.8 million for retention, severance and other employee termination-related costs in the fourth quarter of 2023 remains unchanged. The Company also estimates that it will incur other wind","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/795212/000114036123058191/0001140361-23-058191-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $1.8 million for retention, severance and other employee termination-related costs"},{"label":"Affected area","value":"the Company's operations"},{"label":"Headcount","value":"substantially all of the Company's employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}