{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-002459","form_type":"8-K","ticker":"SFIX","cik":"0001576942","company_name":"Stitch Fix, Inc.","filed_at":"2023-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.676976+00:00","generated_at":"2026-06-20T19:37:28.126444+00:00","sec_items":["2.05","5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Stitch Fix CEO Elizabeth Spaulding steps down; Founder Katrina Lake named interim CEO; workforce cut by 6%","bullets":["CEO Elizabeth Spaulding steps down effective Jan 5; receives 12 months salary and 15 months healthcare in separation.","Founder Katrina Lake, previously Executive Chair, appointed interim CEO for six months or until successor named.","New reduction in force eliminates ~6% of total workforce (~20% of salaried positions); estimated $15M-$20M cash charges.","Company already incurred $18.7M in restructuring charges from prior 2022 plan that cut 15% of salaried roles.","Lake receives options for 200k shares (150k cliff vesting by Jul 5 or successor date; 50k vest on successor's first day)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-002459","json":"https://secwatch.observer/filing/0001193125-23-002459.json","markdown":"https://secwatch.observer/filing/0001193125-23-002459.md","text":"https://secwatch.observer/filing/0001193125-23-002459.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1576942/000119312523002459/0001193125-23-002459-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1576942/000119312523002459/d396326d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T19:37:28.126444+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":"a6d63c36f9","claim":"Elizabeth Spaulding departed as Chief Executive Officer at Stitch Fix, Inc..","evidence_excerpt":"the Company and Elizabeth Spaulding, the Company’s Chief Executive Officer, agreed that she would step down from her employment with the Company and from the Board of Directors, effective January 5, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1576942/000119312523002459/0001193125-23-002459-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"badc66f497","claim":"Katrina Lake was appointed as Chief Executive Officer at Stitch Fix, Inc..","evidence_excerpt":"the Board of Directors appointed Katrina Lake, the Company’s Founder and Executive Chairperson of the Board of Directors, as Chief Executive Officer, effective January 5, 2023, to serve in an interim capacity","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1576942/000119312523002459/0001193125-23-002459-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"a90c78ee1e6d7ec504b181b74402ac6c74d925b5","claim":"Stitch Fix, Inc. announced a restructuring with charges of between $15 million and $20 million (approximately 6% of the Company’s current employee workforce, including approximately 20% of employees in salaried posit).","evidence_excerpt":"As a result of the January 2023 Reduction in Force, the Company estimates that it will incur between $15 million and $20 million in cash restructuring charges for separation-related payments, benefits, and related taxes.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1576942/000119312523002459/0001193125-23-002459-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"between $15 million and $20 million"},{"label":"Headcount","value":"approximately 6% of the Company’s current employee workforce, including approximately 20% of employees in salaried posit"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}