---
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"
generated_at: "2026-06-05T04:32:02.773383+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# OneSpan revises restructuring cost estimate down to $13-15M from prior $15-20M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-008570
- JSON: https://secwatch.observer/filing/0001628280-24-008570.json
- Plain text: https://secwatch.observer/filing/0001628280-24-008570.txt

## Key facts
- Restructurings & Charges
  OneSpan Inc. announced a restructuring with charges of $13 million to $15 million.
  - Type: restructuring
  - Charge: $13 million to $15 million
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1044777/000162828024008570/0001628280-24-008570-index.htm

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