---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016381"
form_type: "8-K"
ticker: null
cik: "0001929589"
company_name: "MariaDB plc"
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T01:10:48.045999+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MariaDB cuts 28% workforce (84 employees); records $8.8M impairment; discontinues SkySQL and Xpand

## Summary
- Workforce reduction of 84 employees (~28%) begun Oct 12, 2023; est. $3.1M severance costs.
- Non-core products SkySQL and Xpand discontinued; customers to be migrated off.
- Material impairment of $8.8M ($7.9M goodwill + $0.9M intangible) for FY ended Sep 30, 2023.
- CMO Franz Aman terminated effective Oct 12, 2023 as part of restructuring.

## SEC filing metadata
- accession: 0001558370-23-016381
- form_type: 8-K
- cik: 0001929589
- company_name: MariaDB plc
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 2.06, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1929589/000155837023016381/0001558370-23-016381-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1929589/000155837023016381/mrdb-20231012x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016381
- JSON: https://secwatch.observer/filing/0001558370-23-016381.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016381.txt

## Key facts
- Executive change
  Franz Aman was terminated as Chief Marketing Officer at MariaDB plc.
  - Action: terminated
  - Role: Chief Marketing Officer
  source text: On October 12, 2023, Franz Aman, Chief Marketing Officer of the Company was terminated in connection with the reduction of the Company’s workforce, effective October 12, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000155837023016381/0001558370-23-016381-index.htm
- Restructurings & Charges
  MariaDB plc announced a impairment with charges of Approximately $7.9 million of the impairment charge relates to goodwill with the remaining $0.9 million portion of the impairment charge relating to intangible affecting acquisitions of Clustrix/Xpand in September 2018 and CubeWerx Inc. in August 2022.
  - Type: impairment
  - Charge: Approximately $7.9 million of the impairment charge relates to goodwill with the remaining $0.9 million portion of the impairment charge relating to intangible
  - Affected area: acquisitions of Clustrix/Xpand in September 2018 and CubeWerx Inc. in August 2022
  source text: end September 30, 2023, it would incur an impairment charge associated with its acquisitions of Clustrix/Xpand in September 2018 and CubeWerx Inc. in August 2022. Approximately $7.9 million of the impairment charge relates to goodwill with the remaining $0.9 million portion of the impairment charge relating to intangible assets. This determination was reached based
  evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000155837023016381/0001558370-23-016381-index.htm
- Restructurings & Charges
  MariaDB plc announced a restructuring with charges of approximately $3.1 million in employee severance and notice period payments, benefits, and related costs and $0.1 million in non-cash stock-based compensation e affecting core MariaDB Enterprise Server database product (84 people, or approximately 28%).
  - Type: restructuring
  - Charge: approximately $3.1 million in employee severance and notice period payments, benefits, and related costs and $0.1 million in non-cash stock-based compensation e
  - Affected area: core MariaDB Enterprise Server database product
  - Headcount: 84 people, or approximately 28%
  source text: The Plan includes a reduction of the Company's workforce by 84 people, or approximately 28%. The Company expects the Plan will result in (i) restructuring charges consisting of approximately $3.1 million in employee severance and notice period payments, benefits, and related costs and $0.1 million in non-cash stock-based compensation expense related to vesting of share-based awards
  evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000155837023016381/0001558370-23-016381-index.htm

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