{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-037336","form_type":"8-K","ticker":"KORE","cik":"0001855457","company_name":"KORE Group Holdings, Inc.","filed_at":"2024-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.957658+00:00","generated_at":"2026-05-31T09:06:00.323709+00:00","sec_items":["2.02","2.05","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"KORE Q2 rev down 2% to $67.9M, net loss $64.3M (incl $45.4M goodwill impairment); cuts 19% of workforce","bullets":["Revenue $67.9M (-2% YoY); IoT Connectivity +16% to $55.8M, IoT Solutions -43% to $12.1M.","Net loss $64.3M vs $19.5M a year ago, includes $45.4M non-cash goodwill impairment; Adjusted EBITDA $11.4M (-20% YoY).","Restructuring: ~19% workforce reduction; $5-6M one-time severance cost, $20-22M annual cash savings expected from 2025.","Ron Totton appointed permanent President & CEO; Jared Deith named EVP Connected Health; Bryan Lubel departed as EVP.","Regained NYSE compliance after 1-for-5 reverse stock split; 2024 guidance updated (specific ranges not in filing)."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-037336","json":"https://secwatch.observer/filing/0001628280-24-037336.json","markdown":"https://secwatch.observer/filing/0001628280-24-037336.md","text":"https://secwatch.observer/filing/0001628280-24-037336.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855457/000162828024037336/0001628280-24-037336-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855457/000162828024037336/kore-20240814.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T09:06:00.323709+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":"e96c64b90a","claim":"Ronald Totton was appointed as President and Chief Executive Officer at KORE Group Holdings, Inc..","evidence_excerpt":"On August 15, 2024, the Company announced the appointment of Ronald Totton, effective August 14, 2024, as its President and Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855457/000162828024037336/0001628280-24-037336-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"ea7ff7be87","claim":"Ronald Totton was appointed as Member of the Board (Class III Director) at KORE Group Holdings, Inc..","evidence_excerpt":"Effective August 14, 2024, Mr. Totton was also appointed as a member of the Board of the Company to serve as a Class III director of the Company until the 2027 Annual Meeting of Stockholders.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855457/000162828024037336/0001628280-24-037336-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Member of the Board (Class III Director)"}],"fact_type":"executive_change"},{"claim_id":"59ed1476bc4937c07db79a305614523b1ecb331c","claim":"KORE Group Holdings, Inc. announced a restructuring with charges of $5 million to $6 million (approximately 19% of the Company’s employee base).","evidence_excerpt":"the Restructuring Plan to be substantially completed by December 31, 2024. Total costs and cash expenditures for the Restructuring Plan are estimated to be in the range of $5 million to $6 million, substantially all of which are related to employee severance and benefits costs. The Company expects to incur most of these pre-tax reduction in force charges in","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855457/000162828024037336/0001628280-24-037336-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$5 million to $6 million"},{"label":"Headcount","value":"approximately 19% of the Company’s employee base"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}