{"schema_version":"secwatch.filing_event.v1","accession":"0001802457-23-000109","form_type":"8-K","ticker":"ORGN","cik":"0001802457","company_name":"Origin Materials, Inc.","filed_at":"2023-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.525740+00:00","generated_at":"2026-06-07T23:28:07.668322+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Origin Materials cuts 30% of workforce, records $2.7M restructuring charge to conserve cash","bullets":["Workforce reduction of ~30% of global employees, largely completed by Nov 20, 2023.","Expected restructuring charge of ~$2.7M: $0.5M cash severance, $2.2M non-cash equity acceleration.","Company defers long-term research programs to accelerate higher-margin near-term revenue.","Action aims to substantially extend cash resources for commercializing carbon-negative materials."],"urls":{"canonical":"https://secwatch.observer/filing/0001802457-23-000109","json":"https://secwatch.observer/filing/0001802457-23-000109.json","markdown":"https://secwatch.observer/filing/0001802457-23-000109.md","text":"https://secwatch.observer/filing/0001802457-23-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802457/000180245723000109/0001802457-23-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802457/000180245723000109/orgn-20231117.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T23:28:07.668322+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":"31f6e016c9afc877632b3ae2f09ae45888453d31","claim":"Origin Materials, Inc. announced a restructuring with charges of approximately $2.7 million affecting global employee headcount (approximately 30% of the Company’s global employee headcount).","evidence_excerpt":"on November 17, 2023, the Company affected an organizational realignment to reflect the deferral of research programs with longer-term economic impacts and the acceleration of higher-margin revenue opportunities, resulting in a workforce reduction. The workforce reduction efforts have impacted approximately 30% of the Company’s global employee headcount. The Company expects the reduction in workforce to be largely completed by November 20, 2023, subject to compliance with statutory notice periods, where applicable. The Company expects to record a restructuring charge related to the workforce reduction of approximately $2.7 million","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802457/000180245723000109/0001802457-23-000109-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $2.7 million"},{"label":"Affected area","value":"global employee headcount"},{"label":"Headcount","value":"approximately 30% of the Company’s global employee headcount"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}