secwatch.observer — SEC 8-K summary
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Issuer:     LIMEADE, INC (—)
CIK:        0001381507
Form:       8-K
Filed at:   2023-01-11T23:59:59+00:00
Accession:  0001381507-23-000005
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.05, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limeade announces 15% headcount reduction, $1.3M in severance, $7M annual savings; CFO resigns
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1381507/000138150723000005/0001381507-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1381507/000138150723000005/lme-20230111.htm
  HTML page:      https://secwatch.observer/filing/0001381507-23-000005

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