{"schema_version":"secwatch.filing_event.v1","accession":"0001448056-23-000015","form_type":"8-K","ticker":null,"cik":"0001448056","company_name":"NEW RELIC, INC.","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.908710+00:00","generated_at":"2026-06-17T06:54:44.878374+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"New Relic commits to restructuring plan, expects $40M-$45M in lease termination costs","bullets":["Board approved restructuring on March 29, 2023 to reduce global real estate footprint.","Expected aggregate charges of $40M-$45M, primarily for real estate lease termination and associated costs.","Approximately 65% of charges are non-cash; remainder cash expenditures.","Majority of restructuring costs expected in Q4 fiscal 2023.","Company says plan will provide operating flexibility and position for long-term success."],"urls":{"canonical":"https://secwatch.observer/filing/0001448056-23-000015","json":"https://secwatch.observer/filing/0001448056-23-000015.json","markdown":"https://secwatch.observer/filing/0001448056-23-000015.md","text":"https://secwatch.observer/filing/0001448056-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1448056/000144805623000015/0001448056-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1448056/000144805623000015/newr-20230329.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:54:44.878374+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":"975b55c0181148453e403cd1257d2198a82b8335","claim":"NEW RELIC, INC. announced a restructuring with charges of approximately $40 million to $45 million affecting global real estate footprint.","evidence_excerpt":"On March 29, 2023, the Board of Directors of New Relic, Inc. (the \"Company\") committed to a restructuring plan in connection with reduction of its global real estate footprint in line with its Flex First philosophy. The Company expects to incur aggregate restructuring charges totaling approximately $40 million to $45 million, consisting primarily of real estate lease termination and other associated costs.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1448056/000144805623000015/0001448056-23-000015-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $40 million to $45 million"},{"label":"Affected area","value":"global real estate footprint"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}