secwatch.observer — SEC 8-K summary
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Issuer:     Informatica Inc. (—)
CIK:        0001868778
Form:       8-K
Filed at:   2023-01-10T23:59:59+00:00
Accession:  0001868778-23-000003
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.05, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Informatica cuts 7% workforce (450 jobs), appoints Michael McLaughlin as CFO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/0001868778-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/infa-20230109.htm
  HTML page:      https://secwatch.observer/filing/0001868778-23-000003

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