{"schema_version":"secwatch.filing_event.v1","accession":"0001563190-22-000060","form_type":"8-K","ticker":"COMP","cik":"0001563190","company_name":"Compass, Inc.","filed_at":"2022-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.211667+00:00","generated_at":"2026-06-25T01:59:22.875695+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Compass cuts 10% of workforce (~450 roles) and winds down Modus; expects $21.5M-$23M in pretax charges","bullets":["Elimination of ~450 positions (10% of workforce) and shutdown of title/escrow software unit Modus.","Estimated total pre-tax charges of $21.5M-$23M in Q2 2022, including $15M-$16M cash severance.","Broader Transformation Plan: hiring reduction, office consolidation, pause on M&A and new market expansion.","Non-cash charges: ~$4.5M for intangible asset write-down and $2M-$2.5M for real estate write-offs.","Additional Modus lease exit charges of up to $4.5M may be incurred in future quarters."],"urls":{"canonical":"https://secwatch.observer/filing/0001563190-22-000060","json":"https://secwatch.observer/filing/0001563190-22-000060.json","markdown":"https://secwatch.observer/filing/0001563190-22-000060.md","text":"https://secwatch.observer/filing/0001563190-22-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1563190/000156319022000060/0001563190-22-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1563190/000156319022000060/comp-20220614.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T01:59:22.875695+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"}