---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-050368"
form_type: "8-K"
ticker: "FTRE"
cik: "0001965040"
company_name: "Fortrea Holdings Inc."
filed_at: "2026-07-29T10:36:49+00:00"
generated_at: "2026-07-29T10:40:14.422439+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Fortrea CFO placed on leave after court order; Q2 revenue $678M, raises FY guidance

## Summary
- CFO Jason Knoblauch placed on paid leave after Delaware court grants TRO in lawsuit by prior employer alleging restrictive covenant violations.
- Board member David Smith (ex-Charles River CFO) appointed Interim CFO; receives $60k/month salary and up to $900k in RSUs.
- Q2 revenue $678.2M (down 4.5% YoY); GAAP net loss $(13.2)M, adjusted EPS $0.23.
- Adjusted EBITDA $58.7M (up from $54.9M); book-to-bill 1.06x, backlog $7.8B.
- Full-year 2026 guidance raised: revenue $2,620M-$2,690M, adjusted EBITDA $205M-$220M.

## SEC filing metadata
- accession: 0001628280-26-050368
- form_type: 8-K
- ticker: FTRE
- cik: 0001965040
- company_name: Fortrea Holdings Inc.
- filed_at: 2026-07-29T10:36:49+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1965040/000162828026050368/0001628280-26-050368-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1965040/000162828026050368/ftre-20260727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-050368
- JSON: https://secwatch.observer/filing/0001628280-26-050368.json
- Plain text: https://secwatch.observer/filing/0001628280-26-050368.txt

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