{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-034320","form_type":"8-K","ticker":"PDSB","cik":"0001472091","company_name":"PDS Biotechnology Corp","filed_at":"2026-08-25T20:08:06+00:00","discovered_at":"2026-08-25T20:09:17.303924+00:00","generated_at":"2026-08-25T20:09:45.851814+00:00","sec_items":["2.05","5.02"],"event_type":"leadership","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"PDS Bio cuts 36% of workforce, removes COO Toutain; $842K charge","bullets":["Board approved Aug 6, 2026; RIF affects ~36% of workforce; notified Aug 21, 2026; Q3 completion.","Q3 2026 one-time charge ~$842K for severance and benefits; all cash expenditures.","COO Stephan Toutain removed without cause Aug 21, 2026; gets 12 months base salary plus COBRA.","RIF aligns operating expenses with strategic priorities focused on advancing PDS0301."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-034320","json":"https://secwatch.observer/filing/0001140361-26-034320.json","markdown":"https://secwatch.observer/filing/0001140361-26-034320.md","text":"https://secwatch.observer/filing/0001140361-26-034320.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1472091/000114036126034320/0001140361-26-034320-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1472091/000114036126034320/ef20081077_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-25T20:09:45.851814+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":"e74a8e2ebe","claim":"Stephan Toutain was removed as Chief Operating Officer at PDS Biotechnology Corp.","evidence_excerpt":"On August 21, 2026, the Company delivered a notice of termination without cause to Stephan Toutain and removed him from his position as the Company’s Chief Operating Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1472091/000114036126034320/0001140361-26-034320-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"removed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}