{"schema_version":"secwatch.filing_event.v1","accession":"0001830033-23-000083","form_type":"8-K","ticker":"PCT","cik":"0001830033","company_name":"PureCycle Technologies, Inc.","filed_at":"2023-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.831995+00:00","generated_at":"2026-06-07T19:31:46.571570+00:00","sec_items":["2.05","5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PureCycle reduces workforce by 22, CFO Somma departs, board member Fieler named interim CFO","bullets":["Reduction-in-force of 22 employees (majority not at Ironton); post-separation headcount ~160. Severance costs ~$1M.","CFO Lawrence C. Somma resigned effective Dec 1; receives $300K cash, pro-rated vesting, acceleration of 120,791 RSUs.","Board member Jeff Fieler appointed interim CFO; compensation: $42,500/month in stock plus performance bonus of $360K-$720K.","Committee changes: Allen Jacoby named N&G Chair, Fernando Musa to N&G, Steven Bouck to Audit & Finance."],"urls":{"canonical":"https://secwatch.observer/filing/0001830033-23-000083","json":"https://secwatch.observer/filing/0001830033-23-000083.json","markdown":"https://secwatch.observer/filing/0001830033-23-000083.md","text":"https://secwatch.observer/filing/0001830033-23-000083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000083/0001830033-23-000083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000083/pct-20231127.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T19:31:46.571570+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":"caeafa36fe","claim":"Jeff Fieler was appointed as Interim Chief Financial Officer at PureCycle Technologies, Inc..","evidence_excerpt":"On November 27, 2023, the Company reached agreement with Jeff Fieler, 54, an independent member of the Board of Directors (“Board”), to serve as the Company’s interim Chief Financial Officer (“CFO”) while the Company conducts a search for a permanent CFO.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000083/0001830033-23-000083-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"db028b4d554cc319cb3485df3c2b87a2c91685fd","claim":"PureCycle Technologies, Inc. announced a restructuring with charges of approximately $1.0 million (22 employees).","evidence_excerpt":"to be able maintain its historical strategic direction. The Company currently expects severance costs, principally in the form of payroll expenses, to total approximately $1.0 million. --- EX-99.1 (EX-99.1) --- PureCycle Appoints Jeff Fieler as Interim CFO Orlando, Florida – December 1, 2023 – PureCycle Technologies, Inc. (Nasdaq: PCT), today, announced","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000083/0001830033-23-000083-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $1.0 million"},{"label":"Headcount","value":"22 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}