secwatch.observer — SEC 8-K summary
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Issuer:     Li-Cycle Holdings Corp. (—)
CIK:        0001828811
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001193125-25-111697
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 2.05, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Li-Cycle to seek buyers, may dissolve; suspends operations, cuts 50% of staff; CEO and CFO exit
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- Seeking buyers for business/assets; retained Hilco Corporate Finance; no actionable deal found.
- Suspending Arizona Spoke and Alabama Spoke facilities; furloughing ~85 employees.
- Reducing global workforce by ~119 positions (50%); expects ~$264K in severance charges.
- CEO Ajay Kochhar stepping down May 15; becomes senior advisor via Maplebriar for $50K/month plus fees.
- CFO Craig Cunningham departed; William Aziz appointed CRO, Michelle Faysal as interim CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828811/000119312525111697/0001193125-25-111697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828811/000119312525111697/d944053d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-111697

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer