---
schema_version: "secwatch.filing_event.v1"
accession: "0001468666-23-000004"
form_type: "8-K"
ticker: null
cik: "0001468666"
company_name: "SecureWorks Corp"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:48:44.347868+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SecureWorks to cut ~9% workforce, CFO retiring; new President named

## Summary
- Workforce reduction of ~9% with estimated costs of $16.0M for severance and real estate.
- CFO Paul Parrish to retire on May 5, 2023; will receive 12 months base salary and other benefits.
- Steve Fulton appointed President, Customer Success, from Chief Product Officer role.
- Restructuring aims to focus on higher-margin Taegis solutions and improve operating margins.

## SEC filing metadata
- accession: 0001468666-23-000004
- form_type: 8-K
- cik: 0001468666
- company_name: SecureWorks Corp
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468666/000146866623000004/0001468666-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468666/000146866623000004/scwx-20230203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001468666-23-000004
- JSON: https://secwatch.observer/filing/0001468666-23-000004.json
- Plain text: https://secwatch.observer/filing/0001468666-23-000004.txt

## Key facts
- Executive change
  Wendy K. Thomas changed role as President at SecureWorks Corp.
  - Action: relinquish
  - Role: President
  source text: Wendy K. Thomas will remain in the role of Chief Executive Officer and relinquish the role of President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468666/000146866623000004/0001468666-23-000004-index.htm
- Executive change
  Steve Fulton was appointed as President, Customer Success at SecureWorks Corp.
  - Action: appointed
  - Role: President, Customer Success
  source text: On February 6, 2023, the Board of Directors appointed Steve Fulton, formerly the Company’s Chief Product Officer, as the Company’s President, Customer Success, effective as of February 6, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468666/000146866623000004/0001468666-23-000004-index.htm
- Executive change
  Paul M. Parrish departed as Chief Financial Officer at SecureWorks Corp.
  - Action: retire
  - Role: Chief Financial Officer
  source text: On February 3, 2023, Paul M. Parrish, Chief Financial Officer of the Company, notified the Company of his decision to retire as Chief Financial Officer, in which position he served as the Company’s principal financial officer, effective as of May 5, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468666/000146866623000004/0001468666-23-000004-index.htm
- Restructurings & Charges
  SecureWorks Corp announced a restructuring with charges of approximately $16.0 million affecting workforce and real estate (approximately 9%).
  - Type: restructuring
  - Charge: approximately $16.0 million
  - Affected area: workforce and real estate
  - Headcount: approximately 9%
  source text: other priorities, in order to balance continued growth with improving operating margins over time. The Company currently estimates that it will incur expenses of approximately $16.0 million, consisting primarily of severance and other termination benefits, as well as real estate-related expenses. The substantial majority of these expenses will result in cash
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468666/000146866623000004/0001468666-23-000004-index.htm

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