{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-009070","form_type":"8-K","ticker":"OSPN","cik":"0001044777","company_name":"OneSpan Inc.","filed_at":"2022-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:59.451679+00:00","generated_at":"2026-06-25T11:04:59.363420+00:00","sec_items":["2.05","8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"OneSpan approves Phase Two restructuring ($10-17M charges, $20-25M annual savings) and $50M share repurchase program","bullets":["Phase Two headcount reduction approved; total charges estimated $10M-$17M through 2025, all severance.","Phase One (Q1 2022) incurred $2.7M in charges; expected to generate $10M-$12M in annualized savings.","Combined Phase One and Phase Two expected to deliver $30M-$37M in annualized savings for three-year plan.","Board terminated prior buyback program; authorized new $50M share repurchase program expiring May 11, 2024.","Repurchases may be made in open market or private transactions at company's discretion depending on conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-009070","json":"https://secwatch.observer/filing/0001558370-22-009070.json","markdown":"https://secwatch.observer/filing/0001558370-22-009070.md","text":"https://secwatch.observer/filing/0001558370-22-009070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1044777/000155837022009070/0001558370-22-009070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1044777/000155837022009070/ospn-20220512x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T11:04:59.363420+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"}