of salaries, benefits and stock-based compensation expense for our employees in our commercial sales functions, marketing, executive, accounting and finance, legal and human resource functions as well as travel expenses, professional services fees, such as consulting, audit, tax and legal fees, general corporate costs and allocated costs, including facilities, information technology and amortization of intangibles.

filing / Aug 7, 2026 / receipt

Realignment Plan”) that included the termination of approximately 25 % of the Company’s workforce, a phased reduction of the Company’s facilities footprint, and other actions designed to significantly reduce operating costs and focus our resources on projects that we believe will deliver sustainable long-term growth, including improving our e-commerce presence.

filing / Aug 7, 2026 / receipt

We expect cost of revenue to remain below prior-year levels as a percentage of revenue as we continue to realize the benefits of our restructuring actions.

filing / Aug 7, 2026 / receipt

We expect our selling, general and administrative expenses to remain below prior-year levels as we continue to realize the benefits of our restructuring actions, while remaining relatively stable for the remainder of the fiscal year.

filing / Aug 7, 2026 / receipt

of salaries, benefits and stock-based compensation expense for our employees in our commercial sales functions, marketing, executive, accounting and finance, legal and human resource functions as well as travel expenses, professional services fees, such as consulting, audit, tax and legal fees, general corporate costs and allocated costs, including facilities, information technology and amortization of intangibles.

filing / May 8, 2026 / receipt

Realignment Plan”) that included the termination of approximately 25 % of the Company’s workforce, a phased reduction of the Company’s facilities footprint, and other actions designed to significantly reduce operating costs and focus our resources on projects that we believe will deliver sustainable long-term growth, including improving our e-commerce presence.

filing / May 8, 2026 / receipt

The reduction in force was substantially completed as of November 4, 2025, following the end of the sixty-day notification period required by the Worker Adjustment and Retraining Notification Act (the “WARN Act”).

filing / May 8, 2026 / receipt

The Company’s restructuring charges by segment and unallocated corporate costs, which are recorded as restructuring expenses on the condensed consolidated statements of operations, were as follows for the three months ended March 31, 2026 (in thousands):

filing / May 8, 2026 / receipt

>$65M cost removal exceeded target.

ir_statement / Sep 17, 2026 / receipt

Corporate Realignment Plan launched. Ultimately >$65M removed.

ir_statement / Sep 17, 2026 / receipt

Full C-suite restructured.

ir_statement / Sep 17, 2026 / receipt

Refers to restructuring costs (benefit) associated with the 2025 Corporate Realignment Plan.

ir_statement / Sep 17, 2026 / receipt