{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-166570","form_type":"8-K","ticker":null,"cik":"0001431695","company_name":"Olo Inc.","filed_at":"2023-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.844732+00:00","generated_at":"2026-06-14T01:06:32.859516+00:00","sec_items":["2.05","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Olo appoints Joanna Lambert COO, cuts 11% staff, reiterates Q2/FY23 guidance","bullets":["Workforce reduction of ~11% (81 employees) to reorganize business units; expects $7.5M-$10M in charges in Q2 2023.","Appoints Joanna Lambert as COO effective July 5, 2023; she will oversee operations, R&D, and growth strategy.","New COO compensation: $550K salary, 60% bonus target, $5M new-hire RSU (4-yr vest), $500K sign-on RSU (1-yr vest).","Reaffirms Q2 and FY2023 revenue and Non-GAAP operating income guidance (in line with May 9, 2023 outlook)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-166570","json":"https://secwatch.observer/filing/0001193125-23-166570.json","markdown":"https://secwatch.observer/filing/0001193125-23-166570.md","text":"https://secwatch.observer/filing/0001193125-23-166570.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1431695/000119312523166570/0001193125-23-166570-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1431695/000119312523166570/d479942d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T01:06:32.859516+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":"57ebad0559","claim":"Joanna Lambert was appointed as Chief Operating Officer at Olo Inc..","evidence_excerpt":"On June 12, 2023, the Board of Directors of Olo appointed Joanna Lambert, age 49, as Chief Operating Officer of the Company, effective July 5, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431695/000119312523166570/0001193125-23-166570-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"7f0afc87e4a5ae296498bb88d6bc5a6d2266ea07","claim":"Olo Inc. announced a restructuring with charges of approximately $7.5 million to $10.0 million (approximately 11%).","evidence_excerpt":"Olo estimates that it will incur charges of approximately $7.5 million to $10.0 million in connection with the reduction of its workforce, which is expected to be incurred in the second quarter of fiscal year 2023.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431695/000119312523166570/0001193125-23-166570-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $7.5 million to $10.0 million"},{"label":"Headcount","value":"approximately 11%"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}