---
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"
generated_at: "2026-06-08T22:16:44.671989+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Altisource implements $13.5M annual cost reduction plan; CEO & CFO take 30% pay cut in stock swap

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462418-23-000079
- JSON: https://secwatch.observer/filing/0001462418-23-000079.json
- Plain text: https://secwatch.observer/filing/0001462418-23-000079.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.