---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-077662"
form_type: "8-K"
ticker: null
cik: "0001828811"
company_name: "Li-Cycle Holdings Corp."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T08:01:01.661417+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Li-Cycle cuts ~17% of workforce (60 jobs); CFO & executive chair depart as part of restructuring plan

## Summary
- Approximately 60 positions eliminated (~17% of global workforce); expected to generate ~$10M in annualized cost savings.
- Estimated total charges of $8.3M, primarily cash severance over next 12 months; up to $230K for outplacement.
- Executive Chair Tim Johnston transitions to non-executive Chair; CFO Debbie Simpson departs, will advise through May 31, 2024.
- Craig Cunningham appointed Interim CFO ($334/hr via Knightsbridge); Conor Spollen promoted to COO; Dawei Li named CCO.
- Restructuring part of Cash Preservation Plan; company shifts from regional to centralized management model.

## SEC filing metadata
- accession: 0001193125-24-077662
- form_type: 8-K
- cik: 0001828811
- company_name: Li-Cycle Holdings Corp.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828811/000119312524077662/0001193125-24-077662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828811/000119312524077662/d810544d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-077662
- JSON: https://secwatch.observer/filing/0001193125-24-077662.json
- Plain text: https://secwatch.observer/filing/0001193125-24-077662.txt

## Key facts
- Executive change
  Debbie Simpson departed as Chief Financial Officer at Li-Cycle Holdings Corp..
  - Action: ceased serving as Chief Financial Officer
  - Role: Chief Financial Officer
  source text: Effective as of March 26, 2024, Ms. Debbie Simpson will cease serving as the Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828811/000119312524077662/0001193125-24-077662-index.htm
- Executive change
  Richard Storrie departed as Regional President, EMEA at Li-Cycle Holdings Corp..
  - Action: ceased serving as Regional President, EMEA
  - Role: Regional President, EMEA
  source text: Effective as of March 26, 2024, Mr. Richard Storrie will cease serving as the Company’s Regional President, EMEA.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828811/000119312524077662/0001193125-24-077662-index.htm
- Executive change
  Craig Cunningham was appointed as Interim Chief Financial Officer at Li-Cycle Holdings Corp..
  - Action: appointed as Interim Chief Financial Officer
  - Role: Interim Chief Financial Officer
  source text: On March 25, 2024, the Board appointed Mr. Craig Cunningham as the Interim Chief Financial Officer and principal financial officer of the Company, effective as of March 26, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828811/000119312524077662/0001193125-24-077662-index.htm
- Executive change
  Tim Johnston changed role as Interim Non-Executive Chair at Li-Cycle Holdings Corp..
  - Action: ceased serving as Executive Chair and remained as interim non-executive Chair
  - Role: Interim Non-Executive Chair
  source text: Effective as of March 26, 2024, Mr. Tim Johnston will cease serving as the Company’s Executive Chair and will separate from and no longer be employed by the Company as of such date. Mr. Johnston will remain the interim non-executive Chair of the Company’s Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828811/000119312524077662/0001193125-24-077662-index.htm
- Restructurings & Charges
  Li-Cycle Holdings Corp. announced a restructuring with charges of approximately $8.3 million (approximately 60 positions, representing approximately 17% of the Company’s global workforce).
  - Type: restructuring
  - Charge: approximately $8.3 million
  - Headcount: approximately 60 positions, representing approximately 17% of the Company’s global workforce
  source text: expects to substantially complete the workforce reduction by the end of the first quarter of 2024. The Company estimates that it will incur total charges of approximately $8.3 million in connection with the workforce reduction, with the majority of these charges to be incurred as cash severance payments over the course of the next twelve (12) months. It is
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828811/000119312524077662/0001193125-24-077662-index.htm

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