---
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"
generated_at: "2026-06-14T01:06:32.859516+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Olo appoints Joanna Lambert COO, cuts 11% staff, reiterates Q2/FY23 guidance

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-23-166570
- form_type: 8-K
- cik: 0001431695
- company_name: Olo Inc.
- filed_at: 2023-06-14T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-166570
- JSON: https://secwatch.observer/filing/0001193125-23-166570.json
- Plain text: https://secwatch.observer/filing/0001193125-23-166570.txt

## Key facts
- Executive change
  Joanna Lambert was appointed as Chief Operating Officer at Olo Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1431695/000119312523166570/0001193125-23-166570-index.htm
- Restructurings & Charges
  Olo Inc. announced a restructuring with charges of approximately $7.5 million to $10.0 million (approximately 11%).
  - Type: restructuring
  - Charge: approximately $7.5 million to $10.0 million
  - Headcount: approximately 11%
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1431695/000119312523166570/0001193125-23-166570-index.htm

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