---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-22-000159"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T11:10:14.696747+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hagerty cuts 6% of workforce (103 employees); expects ~$11M Q4 charge, ~$19M annual savings

## Summary
- Reduction of ~6% (103 employees) as part of expense management to achieve growth and profitability goals.
- Non-recurring charge of approximately $11M primarily in Q4 2022.
- Expected annualized savings of ~$19M from the reduction and a voluntary retirement program.
- Impacted employees receive severance, health coverage, partial bonus, transition payment, and outplacement.

## SEC filing metadata
- accession: 0001840776-22-000159
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077622000159/0001840776-22-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077622000159/hgty-20221201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-22-000159
- JSON: https://secwatch.observer/filing/0001840776-22-000159.json
- Plain text: https://secwatch.observer/filing/0001840776-22-000159.txt

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