{"schema_version":"secwatch.filing_event.v1","accession":"0001758057-25-000006","form_type":"8-K","ticker":null,"cik":"0001758057","company_name":"Luminar Technologies, Inc./DE","filed_at":"2025-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.351528+00:00","generated_at":"2026-05-17T01:08:10.622028+00:00","sec_items":["1.01","2.02","2.05","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Luminar faces going concern doubt; CFO exits, 25% layoffs, Volvo removes Iris as standard option","bullets":["Preliminary Q3 revenue $18-19M, cash $74M, total debt $429M as of Sep 30, 2025.","Missed Oct 15 interest payments on 2L notes; forbearance agreements with ~94.5% 1L and ~89% 2L noteholders until Nov 6.","CFO Thomas Fennimore resigns effective Nov 13; workforce reduced by ~25% with $2-3M severance costs.","Volvo will not make Iris LiDAR standard on EX90/ES90 from Apr 2026; Luminar claims damages and suspended Iris payments.","SEC investigation subpoena received; exploring strategic alternatives including sale or bankruptcy; supplier breach notice."],"urls":{"canonical":"https://secwatch.observer/filing/0001758057-25-000006","json":"https://secwatch.observer/filing/0001758057-25-000006.json","markdown":"https://secwatch.observer/filing/0001758057-25-000006.md","text":"https://secwatch.observer/filing/0001758057-25-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/0001758057-25-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/lazr-20251030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:08:10.622028+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":"ad3f1bb31000f03bc0eb99966866ef36540893cf","claim":"Luminar Technologies, Inc./DE announced a restructuring with charges of approximately $2.0 million to $3.0 million in cash charges (approximately 25%).","evidence_excerpt":"On October 29, 2025, the Company committed to a plan to reduce its workforce by approximately 25% in order to reduce operating costs. The reduction will commence immediately and is expected to be substantially completed by 2025 year-end. The Company estimates that it will incur approximately $2.0 million to $3.0 million in cash charges associated with employee severance and related employee costs, to be incurred primarily in the fourth quarter of 2025.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/0001758057-25-000006-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001802457-26-000021","ticker":"ORGN","company_name":"Origin Materials, Inc.","filed_at":"2026-05-01T23:59:59+00:00","headline":"Origin Materials board approves dissolution, liquidation; CEO steps down; workforce cut 59%","event_type":"other_material","sec_items":["2.05","5.02","9.01"],"materiality_score":0.95,"calibrated_materiality_score":0.95,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 5.02, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001802457-26-000021","json":"https://secwatch.observer/filing/0001802457-26-000021.json","markdown":"https://secwatch.observer/filing/0001802457-26-000021.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802457/000180245726000021/0001802457-26-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802457/000180245726000021/orgn-20260501.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 29, 2025, the Company committed to a plan to reduce its workforce by approximately 25% in order to reduce operating costs. The reduction will commence immediately and is expected to be substantially completed by 2025 year-end. The Company estimates that it will incur approximately $2.0 million to $3.0 million in cash charges associated with employee severance and related employee costs, to be incurred primarily in the fourth quarter of 2025.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/0001758057-25-000006-index.htm","comparable_excerpt":"its workforce by approximately 59%, resulting in an approximately $14.0 million decrease in annual operating expenses. Origin anticipates that it will incur approximately $2.1 million in restructuring charges in connection with the workforce reduction, primarily consisting of cash expenditures of approximately $2.1 million for severance and benefits costs.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1802457/000180245726000021/0001802457-26-000021-index.htm"}},{"accession":"0001771515-26-000014","ticker":"GO","company_name":"Grocery Outlet Holding Corp.","filed_at":"2026-03-04T23:59:59+00:00","headline":"Grocery Outlet Q4 net loss $218M; to close 36 stores in 2026","event_type":"other_material","sec_items":["2.02","2.05","9.01"],"materiality_score":0.9,"calibrated_materiality_score":0.9,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001771515-26-000014","json":"https://secwatch.observer/filing/0001771515-26-000014.json","markdown":"https://secwatch.observer/filing/0001771515-26-000014.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1771515/000177151526000014/0001771515-26-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1771515/000177151526000014/go-20260302.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 29, 2025, the Company committed to a plan to reduce its workforce by approximately 25% in order to reduce operating costs. The reduction will commence immediately and is expected to be substantially completed by 2025 year-end. The Company estimates that it will incur approximately $2.0 million to $3.0 million in cash charges associated with employee severance and related employee costs, to be incurred primarily in the fourth quarter of 2025.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/0001758057-25-000006-index.htm","comparable_excerpt":"The Company estimates that it will incur between $14 million and $25 million in net total restructuring charges in fiscal 2026 related to the Optimization Plan approved in the first quarter of fiscal 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1771515/000177151526000014/0001771515-26-000014-index.htm"}},{"accession":"0001193125-26-076557","ticker":"XYZ","company_name":"Block, Inc.","filed_at":"2026-02-26T23:59:59+00:00","headline":"Block reports Q4 gross profit $2.87B (+24% YoY); cuts workforce >40%","event_type":"other_material","sec_items":["2.02","2.05","9.01"],"materiality_score":0.9,"calibrated_materiality_score":0.9,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-076557","json":"https://secwatch.observer/filing/0001193125-26-076557.json","markdown":"https://secwatch.observer/filing/0001193125-26-076557.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1512673/000119312526076557/0001193125-26-076557-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1512673/000119312526076557/d108590d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 29, 2025, the Company committed to a plan to reduce its workforce by approximately 25% in order to reduce operating costs. The reduction will commence immediately and is expected to be substantially completed by 2025 year-end. The Company estimates that it will incur approximately $2.0 million to $3.0 million in cash charges associated with employee severance and related employee costs, to be incurred primarily in the fourth quarter of 2025.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/0001758057-25-000006-index.htm","comparable_excerpt":"On February 26, 2026, the Company announced a workforce reduction restructuring plan (the “Workforce Plan”) designed to better align our organizational structure with our operating model and strategic priorities. As part of the Workforce Plan, we expect to reduce our current workforce by more than 40%. The Company currently estimates that we will incur charges of approximately $450 million to $500 million in connection with the Workforce Plan","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1512673/000119312526076557/0001193125-26-076557-index.htm"}},{"accession":"0001193125-26-009772","ticker":"LYRA","company_name":"Lyra Therapeutics, Inc.","filed_at":"2026-01-12T23:59:59+00:00","headline":"Lyra suspends LYR-210 development, lays off nearly all staff; CEO/CFO become consultants","event_type":"other_material","sec_items":["2.05","5.02","8.01"],"materiality_score":0.9,"calibrated_materiality_score":0.9,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 5.02, 8.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-009772","json":"https://secwatch.observer/filing/0001193125-26-009772.json","markdown":"https://secwatch.observer/filing/0001193125-26-009772.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1327273/000119312526009772/0001193125-26-009772-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1327273/000119312526009772/d27712d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 29, 2025, the Company committed to a plan to reduce its workforce by approximately 25% in order to reduce operating costs. The reduction will commence immediately and is expected to be substantially completed by 2025 year-end. The Company estimates that it will incur approximately $2.0 million to $3.0 million in cash charges associated with employee severance and related employee costs, to be incurred primarily in the fourth quarter of 2025.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/0001758057-25-000006-index.htm","comparable_excerpt":"On January 9, 2026, the Board of Directors of Lyra Therapeutics, Inc. (the “Company”) approved a plan to suspend further development of LYR-210, the Company’s lead product candidate for the treatment of chronic rhinosinusitis, and to implement a cost reduction plan that includes a workforce reduction impacting substantially all of the Company’s remaining employees, effective January 12, 2026, and other cost-saving actions to preserve capital (the “Plan”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1327273/000119312526009772/0001193125-26-009772-index.htm"}},{"accession":"0001171843-26-002302","ticker":"CRMT","company_name":"AMERICAS CARMART INC","filed_at":"2026-04-07T23:59:59+00:00","headline":"America's Car-Mart to close 42 stores (31% of total); non-cash impairment ~$14M due to capital constraints","event_type":"other_material","sec_items":["2.05","2.06","7.01","9.01"],"materiality_score":0.9,"calibrated_materiality_score":0.9,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-26-002302","json":"https://secwatch.observer/filing/0001171843-26-002302.json","markdown":"https://secwatch.observer/filing/0001171843-26-002302.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/799850/000117184326002302/0001171843-26-002302-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/799850/000117184326002302/f8k_040726.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 29, 2025, the Company committed to a plan to reduce its workforce by approximately 25% in order to reduce operating costs. The reduction will commence immediately and is expected to be substantially completed by 2025 year-end. The Company estimates that it will incur approximately $2.0 million to $3.0 million in cash charges associated with employee severance and related employee costs, to be incurred primarily in the fourth quarter of 2025.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/0001758057-25-000006-index.htm","comparable_excerpt":"the Company expects to record a non-cash impairment charge of approximately $14 million related to assets at the closing locations.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184326002302/0001171843-26-002302-index.htm"}},{"accession":"0001193125-25-318445","ticker":"WLK","company_name":"WESTLAKE CORP","filed_at":"2025-12-15T23:59:59+00:00","headline":"Westlake approves closure of three chlorovinyl plants and styrene unit, expects $415M in pre-tax costs","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.9,"calibrated_materiality_score":0.9,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-318445","json":"https://secwatch.observer/filing/0001193125-25-318445.json","markdown":"https://secwatch.observer/filing/0001193125-25-318445.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262823/000119312525318445/0001193125-25-318445-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262823/000119312525318445/d798286d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 29, 2025, the Company committed to a plan to reduce its workforce by approximately 25% in order to reduce operating costs. The reduction will commence immediately and is expected to be substantially completed by 2025 year-end. The Company estimates that it will incur approximately $2.0 million to $3.0 million in cash charges associated with employee severance and related employee costs, to be incurred primarily in the fourth quarter of 2025.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/0001758057-25-000006-index.htm","comparable_excerpt":"The closures of the facilities are expected to result in a workforce reduction of approximately 295 employees. The Company expects it will incur total pre-tax costs of approximately $415 million related to the closures of the facilities consisting of noncash accelerated depreciation, amortization, and asset write-off charges of approximately $357 million, employee severance and separation costs of approximately $25 million, and other plant shut down costs of approximately $33 million.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1262823/000119312525318445/0001193125-25-318445-index.htm"}},{"accession":"0001104659-26-049755","ticker":"PASG","company_name":"Passage BIO, Inc.","filed_at":"2026-04-28T23:59:59+00:00","headline":"Passage Bio cuts ~75% of workforce, expects $3.3M in severance costs","event_type":"other_material","sec_items":["2.05"],"materiality_score":0.9,"calibrated_materiality_score":0.9,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-049755","json":"https://secwatch.observer/filing/0001104659-26-049755.json","markdown":"https://secwatch.observer/filing/0001104659-26-049755.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1787297/000110465926049755/0001104659-26-049755-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1787297/000110465926049755/tm2612859d1_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 29, 2025, the Company committed to a plan to reduce its workforce by approximately 25% in order to reduce operating costs. The reduction will commence immediately and is expected to be substantially completed by 2025 year-end. The Company estimates that it will incur approximately $2.0 million to $3.0 million in cash charges associated with employee severance and related employee costs, to be incurred primarily in the fourth quarter of 2025.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/0001758057-25-000006-index.htm","comparable_excerpt":"The Company expects that the aggregate severance and exit costs for the Restructuring Plan will be approximately $3.3 million, which will be recorded primarily in the second quarter of 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1787297/000110465926049755/0001104659-26-049755-index.htm"}},{"accession":"0001539497-26-000812","ticker":"BCAB","company_name":"BioAtla, Inc.","filed_at":"2026-03-02T23:59:59+00:00","headline":"BioAtla initiates strategic review, cuts 70% workforce; CFO replaced; cash ~$7.1M","event_type":"other_material","sec_items":["2.02","7.01","2.05","5.02","8.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 5.02, 8.01, 9.01","same event type: other_material"],"urls":{"canonical":"https://secwatch.observer/filing/0001539497-26-000812","json":"https://secwatch.observer/filing/0001539497-26-000812.json","markdown":"https://secwatch.observer/filing/0001539497-26-000812.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826892/000153949726000812/0001539497-26-000812-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826892/000153949726000812/n5620_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"On October 29, 2025, the Company committed to a plan to reduce its workforce by approximately 25% in order to reduce operating costs. The reduction will commence immediately and is expected to be substantially completed by 2025 year-end. The Company estimates that it will incur approximately $2.0 million to $3.0 million in cash charges associated with employee severance and related employee costs, to be incurred primarily in the fourth quarter of 2025.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1758057/000175805725000006/0001758057-25-000006-index.htm","comparable_excerpt":"formal process to explore and evaluate strategic options to maximize\nshareholder value. The total cash payments related to this\nworkforce reduction are estimated to be between $0.5 and $0.6 million related to employee severance and benefit costs. The Company\nexpects to pay for the majority of these costs in the first quarter of 2026. The estimates of the","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1826892/000153949726000812/0001539497-26-000812-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}