{"schema_version":"secwatch.filing_event.v1","accession":"0001462418-23-000079","form_type":"8-K","ticker":"ASPS","cik":"0001462418","company_name":"ALTISOURCE PORTFOLIO SOLUTIONS S.A.","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.136345+00:00","generated_at":"2026-06-08T22:16:44.671989+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Altisource implements $13.5M annual cost reduction plan; CEO & CFO take 30% pay cut in stock swap","bullets":["Company-wide cost reduction plan targets $13.5M annualized savings vs average Q2 2023 costs.","Chairman/CEO and CFO volunteer to forgo 30% of base salary, receiving option to be paid in unrestricted common stock or cash with interest.","Reduced compensation starts Nov 1, 2023; quarterly payout with stock valued at lower of average period price or prior-day close.","September 2023 adjusted compensation costs run-rate $10.5M annualized lower than Q2 average, indicating plan on track."],"urls":{"canonical":"https://secwatch.observer/filing/0001462418-23-000079","json":"https://secwatch.observer/filing/0001462418-23-000079.json","markdown":"https://secwatch.observer/filing/0001462418-23-000079.md","text":"https://secwatch.observer/filing/0001462418-23-000079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000079/0001462418-23-000079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000079/asps-20231103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T22:16:44.671989+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}