Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Julie Adelman departed as principal accounting officer at NUSCALE POWER Corp.
- Action
- released
- Role
- principal accounting officer
Exact text from the filing
NuScale has announced that effective January 5, 2024, that Julie Adelman, NuScale’s principal accounting officer, was released by the Company as part of the Plan described above.
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.95
NUSCALE POWER Corp announced a restructuring with charges of approximately $3 million in the first quarter of 2024 in connection with the Plan affecting Company's current workforce (reduction of the Company’s current workforce by 154 full time employees which represents approximately 28 percent of ful).
- Type
- restructuring
- Charge
- approximately $3 million in the first quarter of 2024 in connection with the Plan
- Affected area
- Company's current workforce
- Headcount
- reduction of the Company’s current workforce by 154 full time employees which represents approximately 28 percent of ful
Exact text from the filing
On January 5, 2024, NuScale Power Corporation (the “Company”) announced a restructuring plan (the “Plan”). The Plan includes a reduction of the Company’s current workforce by 154 full time employees which represents approximately 28 percent of full-time staff. The Plan was adopted to reduce the Company’s cost base and focus resources on key strategic areas. The Company will record a charge of approximately $3 million in the first quarter of 2024 in connection with the Plan. These charges consist primarily of severance payments and related benefit costs.
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