---
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"
generated_at: "2026-06-25T01:59:22.875695+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Compass cuts 10% of workforce (~450 roles) and winds down Modus; expects $21.5M-$23M in pretax charges

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001563190-22-000060
- JSON: https://secwatch.observer/filing/0001563190-22-000060.json
- Plain text: https://secwatch.observer/filing/0001563190-22-000060.txt

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