{"schema_version":"secwatch.filing_event.v1","accession":"0001381507-23-000005","form_type":"8-K","ticker":null,"cik":"0001381507","company_name":"LIMEADE, INC","filed_at":"2023-01-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.693508+00:00","generated_at":"2026-06-20T16:29:52.314234+00:00","sec_items":["2.05","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Limeade announces 15% headcount reduction, $1.3M in severance, $7M annual savings; CFO resigns","bullets":["Headcount cut by 15% across R&D, Product, Customer Operations, Customer Success, Marketing and Sales teams.","One-time severance and benefit costs estimated at $1.3 million; annualized savings of $7.0 million expected.","CFO Todd Spartz resigns effective January 18, 2023 to pursue other opportunity; search for successor underway.","Interim CFO duties handled by Controller Paul Crick and outside vendors until permanent CFO is appointed."],"urls":{"canonical":"https://secwatch.observer/filing/0001381507-23-000005","json":"https://secwatch.observer/filing/0001381507-23-000005.json","markdown":"https://secwatch.observer/filing/0001381507-23-000005.md","text":"https://secwatch.observer/filing/0001381507-23-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1381507/000138150723000005/0001381507-23-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1381507/000138150723000005/lme-20230111.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T16:29:52.314234+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":"36a59102c3","claim":"Todd Spartz resigned as Chief Financial Officer at LIMEADE, INC.","evidence_excerpt":"Limeade CFO, Mr. Todd Spartz will resign as CFO of the Company, departing January 18th, 2023 to pursue another opportunity in the corporate sector.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1381507/000138150723000005/0001381507-23-000005-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"974921630d7198e989f329ed248e8754ba645c8c","claim":"LIMEADE, INC announced a restructuring with charges of approximately $1.3 million affecting R&D, Product, Customer Operations, Customer Success, Marketing and Sales teams (15%).","evidence_excerpt":"On January 11, 2023, Limeade, Inc. (the \"Company\") (ASX: LME), an immersive employee well-being company that creates healthy employee experiences, today announced a company restructure that will lower its headcount overall by 15% and restructure its R&D, Product, Customer Operations, Customer Success, Marketing and Sales teams. The one-time costs associated with the reduction in force include severance payments and employee benefits and will involve future cash expenditures. Costs are anticipated to be approximately $1.3 million","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1381507/000138150723000005/0001381507-23-000005-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $1.3 million"},{"label":"Affected area","value":"R&D, Product, Customer Operations, Customer Success, Marketing and Sales teams"},{"label":"Headcount","value":"15%"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}