secwatch.observer — SEC 8-K summary
======================================

Issuer:     Latch, Inc. (LTCH)
CIK:        0001826000
Form:       8-K
Filed at:   2023-01-11T23:59:59+00:00
Accession:  0001826000-23-000004
Event type: leadership
Sentiment:  negative
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Latch founder CEO Schoenfelder resigns; AlixPartners executives named interim CEO/CFO; restatement ongoing
--------------------------------------------------------------------------------

- Luke Schoenfelder resigned as CEO and Chairman, effective Jan 11; receives $708,000 severance.
- Jason Keyes (AlixPartners Partner) appointed interim CEO; Marc Landy (AlixPartners Partner) interim CFO.
- AP Services to provide interim management: $350k retainer per officer, $1,140/hr for Keyes, $1,115/hr for Landy.
- Interim CFO Barry Schaeffer and CAO Junji Nakamura also resigned.
- Company conducting a restructuring and continues work on previously announced restatement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826000/000182600023000004/0001826000-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826000/000182600023000004/lat-20230105.htm
  HTML page:      https://secwatch.observer/filing/0001826000-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer