{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-029491","form_type":"8-K","ticker":null,"cik":"0001759008","company_name":"CarLotz, Inc.","filed_at":"2022-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.005302+00:00","generated_at":"2026-06-21T23:20:07.270464+00:00","sec_items":["2.05","2.06","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"CarLotz closes three hubs; expects $1.4M-$2.2M in impairment and severance costs","bullets":["Closing Chesapeake (VA), Denver (CO), and Huntsville (AL) hubs; retail sales end Nov 10, all activities by Dec 2, 2022.","One-time severance costs of ~$100,000; non-cash lease asset impairment $300K-$800K; fixed asset impairment $1.0M-$1.3M.","Additional charges for contract termination and workforce reduction still under evaluation; amendment to follow.","Disclosure updates beneficial ownership as of Oct 27, 2022, in connection with pending Shift Technologies merger."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-029491","json":"https://secwatch.observer/filing/0001628280-22-029491.json","markdown":"https://secwatch.observer/filing/0001628280-22-029491.md","text":"https://secwatch.observer/filing/0001628280-22-029491.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1759008/000162828022029491/0001628280-22-029491-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1759008/000162828022029491/ck0001759008-20221110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T23:20:07.270464+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":[{"claim_id":"047d0d18b6b400a35ff54a85e7d5ea2a18669872","claim":"CarLotz, Inc. announced a impairment with charges of $1.0 million to $1.3 million affecting Chesapeake, VA; Denver, CO; and Huntsville, AL hubs.","evidence_excerpt":"one-time non-cash charges of $1.0 million to $1.3 million associated with the impairment of other fixed assets","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759008/000162828022029491/0001628280-22-029491-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"$1.0 million to $1.3 million"},{"label":"Affected area","value":"Chesapeake, VA; Denver, CO; and Huntsville, AL hubs"}],"fact_type":"restructuring_charge"},{"claim_id":"2e7d5147fa6730ea1fae98bd08cbccb38c21dd69","claim":"CarLotz, Inc. announced a restructuring with charges of approximately $100,000 affecting Chesapeake, VA; Denver, CO; and Huntsville, AL hubs.","evidence_excerpt":"The Company expects to incur 1) one-time severance costs of approximately $100,000, 2) one-time non-cash charges of $300,000 to $800,000 associated with the impairment of lease assets, and 3) one-time non-cash charges of $1.0 million to $1.3 million associated with the impairment of other fixed assets.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759008/000162828022029491/0001628280-22-029491-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $100,000"},{"label":"Affected area","value":"Chesapeake, VA; Denver, CO; and Huntsville, AL hubs"}],"fact_type":"restructuring_charge"},{"claim_id":"fc553df887cedd1576a3b980671f093b076edb67","claim":"CarLotz, Inc. announced a impairment with charges of $300,000 to $800,000 affecting Chesapeake, VA; Denver, CO; and Huntsville, AL hubs.","evidence_excerpt":"one-time non-cash charges of $300,000 to $800,000 associated with the impairment of lease assets","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759008/000162828022029491/0001628280-22-029491-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"$300,000 to $800,000"},{"label":"Affected area","value":"Chesapeake, VA; Denver, CO; and Huntsville, AL hubs"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}