{"schema_version":"secwatch.filing_event.v1","accession":"0001840776-23-000091","form_type":"8-K","ticker":"HGTY","cik":"0001840776","company_name":"Hagerty, Inc.","filed_at":"2023-04-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.079031+00:00","generated_at":"2026-06-17T03:14:40.271668+00:00","sec_items":["7.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hagerty cuts 4% workforce (83 employees); expects $20-25M annual savings; revises 2023 outlook","bullets":["Workforce reduction of ~4% (83 employees); expects ~$5M restructuring charge in Q1 2023.","Annualized savings of $20-25M from headcount reduction, reduced hiring, and other cost initiatives.","Reiterates 2023 total revenue growth guidance of 22-26% driven by written premium growth of 11-13%.","Now expects 2023 net income (loss) of $(13)M to $7M and Adjusted EBITDA of $55M-$75M.","Impacted employees receive severance, healthcare coverage, and outplacement services."],"urls":{"canonical":"https://secwatch.observer/filing/0001840776-23-000091","json":"https://secwatch.observer/filing/0001840776-23-000091.json","markdown":"https://secwatch.observer/filing/0001840776-23-000091.md","text":"https://secwatch.observer/filing/0001840776-23-000091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840776/000184077623000091/0001840776-23-000091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840776/000184077623000091/hgty-20230412.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T03:14:40.271668+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}