{"schema_version":"secwatch.filing_event.v1","accession":"0001868778-23-000003","form_type":"8-K","ticker":null,"cik":"0001868778","company_name":"Informatica Inc.","filed_at":"2023-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.274241+00:00","generated_at":"2026-06-20T17:17:25.094218+00:00","sec_items":["2.05","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Informatica cuts 7% workforce (450 jobs), appoints Michael McLaughlin as CFO","bullets":["Workforce reduction of ~450 employees (~7% of global workforce); expects $25-35M in non-recurring charges in Q1 2023.","Michael McLaughlin named EVP & CFO effective Jan 16, 2023; replaces Eric Brown, who becomes consultant through March 31, 2023.","New CFO receives $550K base salary, $1M signing bonus, $12M RSU award (60% time-based, 40% performance-based).","Reaffirms Q4 2022 guidance: GAAP revenue $398-408M; Cloud ARR $425-431M; Non-GAAP op income $93-103M.","Reaffirms FY 2022 guidance: total revenue $1,505-1,515M; unlevered free cash flow $290-310M."],"urls":{"canonical":"https://secwatch.observer/filing/0001868778-23-000003","json":"https://secwatch.observer/filing/0001868778-23-000003.json","markdown":"https://secwatch.observer/filing/0001868778-23-000003.md","text":"https://secwatch.observer/filing/0001868778-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/0001868778-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/infa-20230109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T17:17:25.094218+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":"db351615fa","claim":"Michael McLaughlin was appointed as EVP Global Finance and Chief Financial Officer at Informatica Inc..","evidence_excerpt":"appointed Michael McLaughlin as EVP Global Finance and Chief Financial Officer (“CFO”) of the Company effective January 16, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/0001868778-23-000003-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"EVP Global Finance and Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"ec16adbf5d","claim":"Eric Brown departed as Chief Financial Officer at Informatica Inc..","evidence_excerpt":"Mr. McLaughlin will succeed Eric Brown, who will step down as CFO and cease to be an employee of the Company effective January 13, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/0001868778-23-000003-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"step down"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"1fcf5879e6179a7c939918fbf477faa609b42bdf","claim":"Informatica Inc. announced a restructuring with charges of $25 million to $35 million (approximately 450 employees).","evidence_excerpt":"On January 10, 2023, Informatica Inc. (the “Company”) announced a plan to reduce its workforce by approximately 450 employees, representing approximately 7% of the Company’s current global workforce (the “Plan”). The Plan is intended to better align the Company’s global workforce and cost base with its cloud-focused strategic priorities and current business needs. The Company estimates that it will incur non-recurring charges of approximately $25 million to $35 million in connection with the Plan, primarily related to cash expenditures for employee transition, notice period and severance payments, and employee benefits.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/0001868778-23-000003-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$25 million to $35 million"},{"label":"Headcount","value":"approximately 450 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}