{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-000885","form_type":"8-K","ticker":"ICCC","cik":"0000811641","company_name":"IMMUCELL CORP /DE/","filed_at":"2026-01-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.752344+00:00","generated_at":"2026-05-16T11:16:49.359263+00:00","sec_items":["2.02","2.06","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"ImmuCell reports Q4 sales down 1.6% YoY; records $3.6M impairment, pauses Re-Tain","bullets":["Q4 total sales $7.6M (-1.6% YoY); domestic sales up 8.7%, international down 52.6%.","FY 2025 total sales $27.6M (+4.3% YoY); Tri-Shield sales $19.9M (+26.5%), Dual-Force $6.9M (-27.4%).","Records $3.6M non-cash impairment: $2.9M Re-Tain PPE, $0.1M other PPE, $0.6M colostrum inventory write-down.","Pausing Re-Tain investment after FDA Incomplete Letter; repurposing $15.5M Re-Tain assets for First Defense.","Tri-Shield sales exceed expectations; expanding sales force by 50% with new U.S. territories and international hire."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-000885","json":"https://secwatch.observer/filing/0001437749-26-000885.json","markdown":"https://secwatch.observer/filing/0001437749-26-000885.md","text":"https://secwatch.observer/filing/0001437749-26-000885.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/iccc20260108_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:16:49.359263+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":"437d6b9aecfcd125e950a010726fa6401a3ebb8e","claim":"IMMUCELL CORP /DE/ announced a impairment with charges of approximately $2.9 million affecting Re-Tain®.","evidence_excerpt":"The resulting non-cash impairment write-down of property, plant and equipment pertaining to Re-Tain® is currently estimated at approximately $2.9 million","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","confidence":0.9},{"claim_id":"5447c58031acd707dd574af83ac368f5e16e1c99","claim":"IMMUCELL CORP /DE/ announced a impairment with charges of $0.6 million write-down affecting work-in-process colostrum inventory.","evidence_excerpt":"a $0.6 million write-down primarily of work-in-process colostrum inventory that was determined to no longer be fit for processing into First Defense®","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","confidence":0.9},{"claim_id":"ca3f1c4fc0093bd2114f0ee8ac3dc0857fc33e7b","claim":"IMMUCELL CORP /DE/ announced a impairment with charges of approximately $3.6 million in non-cash impairment write-downs affecting Re-Tain® assets and other property, plant and equipment and inventory.","evidence_excerpt":"the Company announced that it will record approximately $3.6 million in non-cash impairment write-downs during the three-month period ended December 31, 2025.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","confidence":0.9},{"claim_id":"e2e7bff3c07df648c096485f749a48dca59f8808","claim":"IMMUCELL CORP /DE/ announced a impairment with charges of $0.1 million, non-cash impairment write-down affecting certain property, plant and equipment, unrelated to Re-Tain®.","evidence_excerpt":"the Company has identified a $0.1 million, non-cash impairment write-down of certain property, plant and equipment","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001792044-26-000010","ticker":"VTRS","company_name":"Viatris Inc","filed_at":"2026-02-26T23:59:59+00:00","headline":"Viatris Q4 2025 revenue $3.7B, FY $14.3B; 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The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm"}},{"accession":"0001849253-26-000004","ticker":"RYAN","company_name":"RYAN SPECIALTY HOLDINGS, INC.","filed_at":"2026-02-12T23:59:59+00:00","headline":"Ryan Specialty Q4 revenue +13% to $751M; net income down 27%; announces $300M buyback and restructuring","event_type":"earnings","sec_items":["2.02","2.05","7.01","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 8.01, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001849253-26-000004","json":"https://secwatch.observer/filing/0001849253-26-000004.json","markdown":"https://secwatch.observer/filing/0001849253-26-000004.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1849253/000184925326000004/0001849253-26-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1849253/000184925326000004/ryan-20260212.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"The resulting non-cash impairment write-down of property, plant and equipment pertaining to Re-Tain® is currently estimated at approximately $2.9 million","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","comparable_excerpt":"On February 10, 2026, the board of directors of the Company (the \"Board\") approved a three-year restructuring program (the \"Empower Program\"), which will commence in the first quarter of 2026. The Empower Program is designed to streamline the Company's brokerage, binding, and underwriting operations, optimize scale, accelerate data and technology strategies, and enhance efficiencies across all of the Company's specialties. The Empower Program is expected to generate approximately $80 million of annual savings in 2029. The Empower Program includes (i) Business Platform Optimization and (ii) Compensation and Benefits. These actions are expected to be completed by the end of 2028. The Company currently estimates that the Empower Program will result in cumulative pre-tax charges to its GAAP financial results of approximately $160 million which are expected to be recorded as exit and disposal activities and are broken down as follows: Program Activity Charges Business Platform Optimization","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1849253/000184925326000004/0001849253-26-000004-index.htm"}},{"accession":"0000833640-26-000028","ticker":"POWI","company_name":"POWER INTEGRATIONS INC","filed_at":"2026-02-05T23:59:59+00:00","headline":"Power Integrations Q4 rev $103.2M (-2% YoY); FY rev up 6%; cuts 7% workforce; chairman steps down","event_type":"earnings","sec_items":["1.01","2.02","2.05","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 8.01, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000833640-26-000028","json":"https://secwatch.observer/filing/0000833640-26-000028.json","markdown":"https://secwatch.observer/filing/0000833640-26-000028.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/833640/000083364026000028/0000833640-26-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/833640/000083364026000028/powi-20260201x8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"The resulting non-cash impairment write-down of property, plant and equipment pertaining to Re-Tain® is currently estimated at approximately $2.9 million","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","comparable_excerpt":"costs and create a more efficient organization to support its business. In connection with the reduction in force, the Company estimates it will incur between approximately $3.5 million and $4.0 million of costs, substantially all of which are related to employee severance and benefit costs, which the Company expects to recognize in the first quarter of 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/833640/000083364026000028/0000833640-26-000028-index.htm"}},{"accession":"0001193125-25-305339","ticker":"LESL","company_name":"Leslie's, Inc.","filed_at":"2025-12-02T23:59:59+00:00","headline":"Leslie's reports Q4 net loss of $163M, goodwill impairment $181M, announces closure of 80-90 stores","event_type":"earnings","sec_items":["2.02","2.05","2.06","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.06, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-305339","json":"https://secwatch.observer/filing/0001193125-25-305339.json","markdown":"https://secwatch.observer/filing/0001193125-25-305339.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821806/000119312525305339/0001193125-25-305339-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821806/000119312525305339/lesl-20251125.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"The resulting non-cash impairment write-down of property, plant and equipment pertaining to Re-Tain® is currently estimated at approximately $2.9 million","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","comparable_excerpt":"to be substantially completed by the end of first fiscal quarter of 2026. In connection with the Plan, the Company expects to incur total pre-tax charges of approximately $12.0 million to $17.0 million in the first fiscal quarter of 2026, consisting primarily of: • Impairment of long-lived assets of approximately $8.0 million • Inventory write-offs of","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1821806/000119312525305339/0001193125-25-305339-index.htm"}},{"accession":"0001193125-26-210294","ticker":"VITL","company_name":"Vital Farms, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Vital Farms Q1 net loss $1.5M, gross margin falls to 28.3%; winds down butter, cuts FY guidance","event_type":"earnings","sec_items":["2.02","2.05","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-210294","json":"https://secwatch.observer/filing/0001193125-26-210294.json","markdown":"https://secwatch.observer/filing/0001193125-26-210294.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/0001193125-26-210294-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/vitl-20260501.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"The resulting non-cash impairment write-down of property, plant and equipment pertaining to Re-Tain® is currently estimated at approximately $2.9 million","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","comparable_excerpt":"On May 1, 2026, management of the Company elected to wind down and discontinue its butter product offerings to focus on its core egg product categories, with such discontinuation expected to be substantially completed by the end of fiscal 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/0001193125-26-210294-index.htm"}},{"accession":"0001477333-26-000035","ticker":"NET","company_name":"Cloudflare, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Cloudflare Q1 revenue $639.8M (+34% YoY), non-GAAP EPS $0.25; to cut ~20% of workforce","event_type":"earnings","sec_items":["2.05","2.02","7.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001477333-26-000035","json":"https://secwatch.observer/filing/0001477333-26-000035.json","markdown":"https://secwatch.observer/filing/0001477333-26-000035.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/0001477333-26-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/cloud-20260507.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"The resulting non-cash impairment write-down of property, plant and equipment pertaining to Re-Tain® is currently estimated at approximately $2.9 million","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/811641/000143774926000885/0001437749-26-000885-index.htm","comparable_excerpt":"On May 7, 2026, the Company announced a plan (the “Plan”) designed to further accelerate its evolution to an agentic AI-first operating model. As part of the Plan, the Company expects to reduce its current workforce by approximately 20%. 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In connection with these actions, the Company estimates that it will incur approximately $16 million to $23 million in pre-tax restructuring charges to its GAAP financial results, consisting primarily of severance and other one-time termination costs for the Company’s impacted","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000033/0001627475-26-000033-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}