{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-008570","form_type":"8-K/A","ticker":"OSPN","cik":"0001044777","company_name":"OneSpan Inc.","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.209345+00:00","generated_at":"2026-06-05T04:32:02.773383+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"OneSpan revises restructuring cost estimate down to $13-15M from prior $15-20M","bullets":["Restructuring charges now estimated at $13-15M, down from prior $15-20M.","Workforce-related charges $11-12M; vendor-related charges $2-3M.","Approximately $9M incurred in 2023; workforce completion expected by mid-2024, vendor by end of 2025.","Charges excluded from Adjusted EBITDA; actions aimed at operational efficiency and higher Adjusted EBITDA."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-008570","json":"https://secwatch.observer/filing/0001628280-24-008570.json","markdown":"https://secwatch.observer/filing/0001628280-24-008570.md","text":"https://secwatch.observer/filing/0001628280-24-008570.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1044777/000162828024008570/0001628280-24-008570-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1044777/000162828024008570/ospn-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:32:02.773383+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":"d992942851b0ed54c7e23f48d1109a06d892e321","claim":"OneSpan Inc. announced a restructuring with charges of $13 million to $15 million.","evidence_excerpt":"The Company now estimates that it will incur from $13 million to $15 million in total restructuring charges associated with the Actions (the “Total Expected Charges”), as compared to its preliminary estimate of $15 million to $20 million set forth in the Original 8-K.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1044777/000162828024008570/0001628280-24-008570-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$13 million to $15 million"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}