{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-143876","form_type":"8-K","ticker":"STIM","cik":"0001227636","company_name":"Neuronetics, Inc.","filed_at":"2026-04-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.054036+00:00","generated_at":"2026-05-15T07:15:37.738031+00:00","sec_items":["1.01","2.05","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Neuronetics announces CFO resignation, 5% workforce reduction, and former CEO consulting deal","bullets":["Former CEO Keith J. Sullivan enters consulting agreement with release; will vest in equity through March 2027; no additional compensation.","CFO Steven E. Pfanstiel resigns effective May 1, 2026; company launches search for successor; no dispute.","Workforce reduction impacting up to 5% of employees; expects $0.2M restructuring charge in Q2 2026.","Annualized cost savings of $2.5M to $3.0M expected, primarily starting in Q3 2026.","Reaffirms FY2026 financial guidance provided during Q4 2025 earnings call on March 17, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-143876","json":"https://secwatch.observer/filing/0001193125-26-143876.json","markdown":"https://secwatch.observer/filing/0001193125-26-143876.md","text":"https://secwatch.observer/filing/0001193125-26-143876.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/d107138d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:15:37.738031+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":"6991c51dc496dbacda4d86ec2e5365f7f2fa7cc0","claim":"Neuronetics, Inc. announced a restructuring with charges of approximately $0.2 million (up to 5% of its employees).","evidence_excerpt":"On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001104659-26-049837","ticker":"IAC","company_name":"IAC Inc.","filed_at":"2026-04-28T23:59:59+00:00","headline":"IAC announces name change to 'People Incorporated', restructuring with $40M cost savings, and C-suite changes","event_type":"other_material","sec_items":["2.02","7.01","2.05","5.02","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 5.02, 7.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-049837","json":"https://secwatch.observer/filing/0001104659-26-049837.json","markdown":"https://secwatch.observer/filing/0001104659-26-049837.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/tm2612831d1_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","comparable_excerpt":"Ahead of its name change to \"People Incorporated\" which is expected to occur with the release of Q2 2026 earnings in August, the Company has initiated a plan to consolidate its corporate functions with those of its People Inc. business (\" People \"), through a reduction in workforce, technology integrations, and other cost-saving measures over the coming quarters (the \" Plan \"). The Plan is expected to generate annual run-rate cost savings of approximately $40 million. The Plan is expected to be completed by Q1 of 2027. The Company expects to incur approximately $14 million in severance and related expenses, $48 million in non-cash stock-based compensation expense and $0.5 million to $1 million in other costs related to the Plan.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm"}},{"accession":"0001193125-25-319896","ticker":"ARAY","company_name":"ACCURAY INC","filed_at":"2025-12-16T23:59:59+00:00","headline":"Accuray announces transformation plan; cuts 15% workforce, expects $25M annualized profit improvement","event_type":"other_material","sec_items":["1.01","2.05","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: restructuring_charge","same SEC item: 1.01, 2.05, 7.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-319896","json":"https://secwatch.observer/filing/0001193125-25-319896.json","markdown":"https://secwatch.observer/filing/0001193125-25-319896.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1138723/000119312525319896/0001193125-25-319896-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1138723/000119312525319896/d91086d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","comparable_excerpt":"elements of the transformation plan are estimated at approximately $5.6 million, most of which will also be in cash, resulting in total restructuring charges of approximately $11 million, which charges are expected to be recorded in the second, third and fourth quarters of fiscal year 2026. \n\n--- EX-99.1 (EX-99.1) ---\n\nEX-99.1 EXHIBIT 99.1 Accuray announces first","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1138723/000119312525319896/0001193125-25-319896-index.htm"}},{"accession":"0001213900-26-052921","ticker":"AIRE","company_name":"reAlpha Tech Corp.","filed_at":"2026-05-06T23:59:59+00:00","headline":"reAlpha cuts workforce 25%, targets $2M annual savings in restructuring","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 7.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-052921","json":"https://secwatch.observer/filing/0001213900-26-052921.json","markdown":"https://secwatch.observer/filing/0001213900-26-052921.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/0001213900-26-052921-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/ea0289539-8k_realpha.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","comparable_excerpt":"Plan as well as savings related\nto certain restricted stock units lapsing over the next twelve months. The Company estimates that\nit will incur pre-tax charges in the range of $0.14 million to $0.20 million in connection with the Plan, consisting of approximately\n$0.10 to $0.15 in future cash-based expenditures associated with severance and benefit payments and","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/0001213900-26-052921-index.htm"}},{"accession":"0001193125-26-192362","ticker":"AUTL","company_name":"Autolus Therapeutics plc","filed_at":"2026-04-29T23:59:59+00:00","headline":"Autolus cuts workforce 13%; expects $8M restructuring charge, $15M annualized savings","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 7.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-192362","json":"https://secwatch.observer/filing/0001193125-26-192362.json","markdown":"https://secwatch.observer/filing/0001193125-26-192362.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/0001193125-26-192362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/d113906d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","comparable_excerpt":"Item 2.05 Costs Associated with Exit or Disposal Activities. On April 29, 2026, Autolus Therapeutics plc (the “Company”) announced its Board of Directors approved a plan to improve operational efficiency and reduce operating expenses. This plan will implement a reduction in force whereby the Company will eliminate approximately 13% of the Company’s workforce, inclusive of employee-related actions that began in the second half of 2025. The Company anticipates that it will complete the implementation of the plan by the third quarter of 2026. Affected employees will be offered separation benefits, including severance payments and, where applicable, temporary healthcare coverage assistance. The Company estimates that it will incur total expenses relating to the realignment of approximately $8 million, consisting of severance and termination-related costs. The Company expects to record a significant portion of these charges in the first half of 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/0001193125-26-192362-index.htm"}},{"accession":"0001213900-26-033878","ticker":"NDRA","company_name":"ENDRA Life Sciences Inc.","filed_at":"2026-03-25T23:59:59+00:00","headline":"ENDRA Life Sciences cuts staff, initiates strategic alternatives review; severance costs $51K","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 7.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-033878","json":"https://secwatch.observer/filing/0001213900-26-033878.json","markdown":"https://secwatch.observer/filing/0001213900-26-033878.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1681682/000121390026033878/0001213900-26-033878-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1681682/000121390026033878/ea0283331-8k_endra.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","comparable_excerpt":"on March 19, 2026, the Company reduced the number of its employees in order to reduce cash expenditures and extend its operational runway. As a result, the Company expects to incur pre-tax cash charges of approximately $51,000 associated with severance payments to former employees.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1681682/000121390026033878/0001213900-26-033878-index.htm"}},{"accession":"0001193125-26-062405","ticker":"SCL","company_name":"STEPAN CO","filed_at":"2026-02-23T23:59:59+00:00","headline":"Stepan announces Project Catalyst restructuring targeting $100M pre-tax savings","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 7.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-062405","json":"https://secwatch.observer/filing/0001193125-26-062405.json","markdown":"https://secwatch.observer/filing/0001193125-26-062405.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/94049/000119312526062405/0001193125-26-062405-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/94049/000119312526062405/d103427d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","comparable_excerpt":"On February 20, 2026, the Board of Directors of Stepan Company (“Stepan” or the “Company”) approved a comprehensive operational and efficiency plan with the objective to deliver approximately $100 million in pre-tax savings over the next two years (“Project Catalyst”). As part of Project Catalyst, the Company will close its Fieldsboro, New Jersey site and decommission select assets at its Elwood (Millsdale), Illinois and Stalybridge, United Kingdom facilities, by mid-2026. The Company anticipates recognizing restructuring charges in the range of $70 to $80 million in 2026, of which approximately $52 to $62 million is expected to be recognized in the three months ending March 31, 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/94049/000119312526062405/0001193125-26-062405-index.htm"}},{"accession":"0001802457-26-000006","ticker":"ORGN","company_name":"Origin Materials, Inc.","filed_at":"2026-02-12T23:59:59+00:00","headline":"Origin Materials cuts workforce 32%, suspends furanics, targets 2027 EBITDA breakeven","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 7.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001802457-26-000006","json":"https://secwatch.observer/filing/0001802457-26-000006.json","markdown":"https://secwatch.observer/filing/0001802457-26-000006.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802457/000180245726000006/0001802457-26-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802457/000180245726000006/orgn-20260210.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","comparable_excerpt":"completing in the first quarter of 2026, subject to compliance with statutory notice periods, where applicable. The Company anticipates that it will incur approximately $0.9 million in restructuring charges in connection with the workforce reduction, primarily consisting of cash expenditures of approximately $0.9 million for severance and benefits costs. The","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1802457/000180245726000006/0001802457-26-000006-index.htm"}},{"accession":"0002055592-26-000008","ticker":"GEMI","company_name":"Gemini Space Station, Inc.","filed_at":"2026-02-05T23:59:59+00:00","headline":"Gemini to cut 25% workforce, exit UK/EU/Australia, incur $11M charges","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 7.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0002055592-26-000008","json":"https://secwatch.observer/filing/0002055592-26-000008.json","markdown":"https://secwatch.observer/filing/0002055592-26-000008.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/2055592/000205559226000008/0002055592-26-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2055592/000205559226000008/gemi-20260205.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm","comparable_excerpt":"law and consultation requirements. In connection with the Plan, the Company currently estimates that it will incur pre-tax restructuring and related charges of approximately $11 million, substantially all of which are expected to result in cash expenditures. These charges are expected to consist of employee-related costs, including severance payments, notice pay","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/2055592/000205559226000008/0002055592-26-000008-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}