---
schema_version: "secwatch.filing_event.v1"
accession: "0001722438-22-000216"
form_type: "8-K"
ticker: null
cik: "0001722438"
company_name: "Doma Holdings, Inc."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:58:19.142973+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Doma cuts 40% of workforce (~515 jobs) to save $85-90M annually; CEO forfeits RSUs

## Summary
- Reduction plan eliminates ~515 positions (~40% of workforce); expects $85-90M annualized compensation savings starting Q1 2023.
- Expects $9-10M in employment-related charges in Q4 2022 and Q1 2023; facility exit costs not yet estimable.
- CEO Maxwell Simkoff voluntarily forfeited 701,010 unvested performance RSUs granted Oct 2021.
- Plan aims to reduce costs, improve branch profitability, and focus resources on instant underwriting capabilities.

## SEC filing metadata
- accession: 0001722438-22-000216
- form_type: 8-K
- cik: 0001722438
- company_name: Doma Holdings, Inc.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.05, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722438/000172243822000216/0001722438-22-000216-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722438/000172243822000216/doma-20221202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001722438-22-000216
- JSON: https://secwatch.observer/filing/0001722438-22-000216.json
- Plain text: https://secwatch.observer/filing/0001722438-22-000216.txt

## Key facts
- Restructurings & Charges
  Doma Holdings, Inc. announced a restructuring with charges of between approximately $9 million - $10 million in employment related charges affecting the Company (approximately 515 positions across the Company, or approximately 4 0% of t he Company’s current workforce).
  - Type: restructuring
  - Charge: between approximately $9 million - $10 million in employment related charges
  - Affected area: the Company
  - Headcount: approximately 515 positions across the Company, or approximately 4 0% of t he Company’s current workforce
  source text: The Reduction Plan includes the elimination of approximately 515 positions across the Company, or approximately 4 0% of t he Company’s current workforce. As part of the Reduction Plan, the Company expects to incur between approximately $9 million - $10 million in employment related charges, including cash expenditures for employee benefits, salary continuation, severance payments, payroll taxes and related costs offset by forfeitures of bonus and stock-based compensation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722438/000172243822000216/0001722438-22-000216-index.htm

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