secwatch.observer — SEC 8-K summary
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Issuer:     NEW RELIC, INC. (—)
CIK:        0001448056
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001448056-23-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

New Relic commits to restructuring plan, expects $40M-$45M in lease termination costs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1448056/000144805623000015/0001448056-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1448056/000144805623000015/newr-20230329.htm
  HTML page:      https://secwatch.observer/filing/0001448056-23-000015

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