---
schema_version: "secwatch.filing_event.v1"
accession: "0001826000-23-000106"
form_type: "8-K"
ticker: "LTCH"
cik: "0001826000"
company_name: "Latch, Inc."
filed_at: "2023-11-27T23:59:59+00:00"
generated_at: "2026-06-07T21:37:46.673510+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Latch restatement not to be completed in 2023; Siminoff gets $1.55M, Lillis $475K in additional cash

## Summary
- Restatement of 2019-2021 and Q1 2022 financials will not be completed during 2023; no estimated timeframe.
- Jamie Siminoff (CSO) receives additional annual cash of $1.55M (total $1.75M); no equity or bonus while adjustment in effect.
- David Lillis (SVP Finance) receives additional annual cash of $475K (total $825K); no equity or bonus while adjustment in effect.
- Siminoff and Lillis expected to become CEO and CFO after restatement completion.
- Nasdaq delisting effective April 15, 2024 triggers event of default on $22M promissory notes.

## SEC filing metadata
- accession: 0001826000-23-000106
- form_type: 8-K
- ticker: LTCH
- cik: 0001826000
- company_name: Latch, Inc.
- filed_at: 2023-11-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000106/0001826000-23-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000106/lat-20231124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001826000-23-000106
- JSON: https://secwatch.observer/filing/0001826000-23-000106.json
- Plain text: https://secwatch.observer/filing/0001826000-23-000106.txt

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