{"schema_version":"secwatch.filing_event.v1","accession":"0001178913-24-000210","form_type":"8-K","ticker":"SEDG","cik":"0001419612","company_name":"SOLAREDGE TECHNOLOGIES, INC.","filed_at":"2024-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.133104+00:00","generated_at":"2026-06-06T20:33:30.917054+00:00","sec_items":["2.02","2.05","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"SolarEdge announces restructuring plan cutting ~16% of workforce (900 employees)","bullets":["Workforce reduction of ~16% (~900 employees), including 500 from manufacturing sites.","Estimated pre-tax charges of $59M-$66M, including severance ($6M-$7M), asset impairment ($22M-$25M), and capacity costs ($31M-$34M).","Additional charges of $36M-$41M for discontinuing light commercial vehicle e-mobility activity.","Future cash payments of $53M-$58M; restructuring substantially completed in first half of 2024.","Prior actions: exit Mexico manufacturing, reduce China capacity, end e-mobility activity."],"urls":{"canonical":"https://secwatch.observer/filing/0001178913-24-000210","json":"https://secwatch.observer/filing/0001178913-24-000210.json","markdown":"https://secwatch.observer/filing/0001178913-24-000210.md","text":"https://secwatch.observer/filing/0001178913-24-000210.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419612/000117891324000210/0001178913-24-000210-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419612/000117891324000210/zk2430805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:33:30.917054+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":"743ed62299b96f828a0aa70f8b8d7c68dc0c848d","claim":"SOLAREDGE TECHNOLOGIES, INC. announced a restructuring with charges of $36 million to $41 million affecting light commercial vehicle e-mobility activity.","evidence_excerpt":"In connection with the discontinuation of the Company’s light commercial vehicle e-mobility activity, the Company expects to record aggregate pre-tax charges of $36 million to $41 million, of which $33 million to $38 million are related to inventory write-offs and non-cancelable purchase orders.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1419612/000117891324000210/0001178913-24-000210-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$36 million to $41 million"},{"label":"Affected area","value":"light commercial vehicle e-mobility activity"}],"fact_type":"restructuring_charge"},{"claim_id":"99c9d281286bd5da63152b05e68cbe05e1a3bf7b","claim":"SOLAREDGE TECHNOLOGIES, INC. announced a restructuring with charges of $59 million to $66 million affecting global workforce, manufacturing sites (approximately 16% of the SolarEdge global workforce, or approximately 900 employees).","evidence_excerpt":"commercial vehicle e-mobility activity. In connection with the Restructuring Plan, the Company expects to record aggregate pre-tax restructuring and asset-related charges of $59 million to $66 million, comprised of $6 million to $7 million of severance and related benefit costs (excluding stock-based compensation expense), $22 million to $25 million of","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1419612/000117891324000210/0001178913-24-000210-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$59 million to $66 million"},{"label":"Affected area","value":"global workforce, manufacturing sites"},{"label":"Headcount","value":"approximately 16% of the SolarEdge global workforce, or approximately 900 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}