---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-280763"
form_type: "8-K"
ticker: null
cik: "0001760173"
company_name: "SURGALIGN HOLDINGS, INC."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:41:38.425010+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Surgalign approves restructuring; expects $30-35M cash savings, $5.5-7M in costs

## Summary
- Board approved restructuring including workforce reductions and brand rationalization; estimated cash savings of $30-35M vs 2022.
- Restructuring costs estimated at $5.5-7.0M ($3.0-3.5M severance, $2.5-3.5M other exit costs) in Q4 2022 and Q1 2023.
- Exploration of further restructuring including potential sale or exit of certain domestic and international business aspects.
- Company also pursuing additional capital fundraising to supplement cash for operations and restructuring.

## SEC filing metadata
- accession: 0001193125-22-280763
- form_type: 8-K
- cik: 0001760173
- company_name: SURGALIGN HOLDINGS, INC.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760173/000119312522280763/0001193125-22-280763-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760173/000119312522280763/d375805d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-280763
- JSON: https://secwatch.observer/filing/0001193125-22-280763.json
- Plain text: https://secwatch.observer/filing/0001193125-22-280763.txt

## Key facts
- Restructurings & Charges
  SURGALIGN HOLDINGS, INC. announced a restructuring with charges of total estimated restructuring cost of approximately $5.5 – $7.0 million affecting Digital Health and core hardware assets.
  - Type: restructuring
  - Charge: total estimated restructuring cost of approximately $5.5 – $7.0 million
  - Affected area: Digital Health and core hardware assets
  source text: and $2.5 – $3.5 million in other exit and disposal costs during the fourth quarter of 2022 and first quarter of 2023 for a total estimated restructuring cost of approximately $5.5 – $7.0 million. Estimated cash savings are expected to be realized throughout 2023. Efforts to raise additional capital from fundraising initiatives are currently underway to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760173/000119312522280763/0001193125-22-280763-index.htm

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