FORRESTER RESEARCH, INC. (FORR): restructuring charge — Forrester to take $5-6M non-cash impairment charge on San Francisco office closure

FORRESTER RESEARCH, INC.

Closing one floor of San Francisco office at 150 Spear Street; space was previously vacant.
Non-cash asset impairment charge estimated $5M to $6M in Q4 2022.
Charge reflects permanent reduction in office space.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

FORRESTER RESEARCH, INC. announced a impairment with charges of in the range of $5 million to $6 million affecting 150 Spear Street, San Francisco, California.

Type: impairment
Charge: in the range of $5 million to $6 million
Affected area: 150 Spear Street, San Francisco, California

Exact text from the filing

The Company anticipates incurring a non-cash asset impairment charge in the range of $5 million to $6 million in the fourth quarter of 2022 in connection with this reduction in space.

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FORRESTER RESEARCH, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-312623

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