Short answer
Nerdy Inc. (NRDY) filed an 8-K current report with the SEC on August 6, 2026 reporting Item 2.05 (Costs Associated with Exit or Disposal Activities). Varsity Tutors for Schools wind-down refocuses Nerdy on its core Consumer business.
Nerdy Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.05 · Costs Associated with Exit or Disposal Activities
- Varsity Tutors for Schools wind-down refocuses Nerdy on its core Consumer business
- Exit-related costs estimated at $2M–$4M, mostly recognized in Q3 2026
- Charges include $1.4M–$1.6M asset impairments and $0.5M–$1.3M contract termination costs
- Future cash expenses estimated at $0.7M–$1.8M, with $1.6M–$1.8M non-cash expenses
- Restructuring charges reduce GAAP results but are excluded from non-GAAP results
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