Retractable Technologies (NYSE: RVP) trims staff to save $2.2M yearly

Rhea-AI Filing Summary

Retractable Technologies, Inc. has reduced its workforce by approximately 16%. The company expects this move to save an estimated $2.2 million in annual wages and employment benefits, equal to about 13% of total estimated workforce costs, partly offset by one-time separation payments of roughly $122,000.

About 58% of the targeted payroll reduction is in manufacturing or manufacturing support roles, with the rest in sales and sales support. The company links this restructuring to its ongoing shift toward strengthening domestic production and improving manufacturing efficiency to reduce reliance on Chinese contract manufacturers and mitigate the financial impact of tariffs on imports from China.

Insights

Industrial restructuring analyst

Retractable is cutting 16% of staff to lower costs and shift more production to the U.S.

Retractable Technologies is undertaking a notable restructuring, eliminating about 16% of its workforce. Management expects annual savings of $2.2 million, or roughly 13% of total workforce costs, in exchange for modest one-time separation expenses of about $122,000.

The company states that roughly 58% of the payroll reduction affects manufacturing or manufacturing support, with the balance in sales-related roles. It frames the changes as part of strengthening domestic production and improving manufacturing efficiencies while still depending on Chinese suppliers for products not yet manufacturable with current equipment.

Tariffs on Chinese imports are highlighted as a key driver, pushing more production onshore where practical. Future disclosures in periodic reports may provide clearer data on how these cost savings and the production shift affect margins and revenue mix over upcoming reporting periods.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Workforce reduction: 16% Annual wage and benefit savings: $2.2 million Share of total workforce costs: 13% +2 more

5 metrics

Workforce reduction 16% Portion of total workforce eliminated

Annual wage and benefit savings $2.2 million Estimated recurring savings from workforce reduction

Share of total workforce costs 13% Portion of total estimated workforce costs saved annually

Separation payments $122 thousand Estimated one-time separation costs to affected workers

Manufacturing-related cuts 58% Share of targeted payroll reduction in manufacturing/support

Key Terms

workforce reduction, tariffs, domestic production capabilities, contract manufacturers, +2 more

6 terms

workforce reduction financial

"RETRACTABLE TECHNOLOGIES, INC. ANNOUNCES WORKFORCE REDUCTION"

tariffs financial

"the financial impact of tariffs on imports from China has caused the Company to increase its domestic production"

Tariffs are taxes imposed by a government on goods imported from other countries. They increase the cost of those goods, which can lead to higher prices for consumers and impact international trade. For investors, tariffs matter because they can influence the profitability of companies, affect supply chains, and shift economic stability across different regions.

domestic production capabilities technical

"continues to strengthen its domestic production capabilities and increase manufacturing efficiencies"

contract manufacturers financial

"reducing its reliance on importing products from its contract manufacturers in China"

forward-looking statements regulatory

"Forward-looking statements in this press release are made pursuant to the safe harbor provision"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

safe harbor provision regulatory

"made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995"

A safe harbor provision is a legal clause that shields a party from liability when it follows specified rules or makes certain kinds of statements, such as forecasts or plans, accompanied by required warnings and facts. For investors it matters because it encourages companies to share projections and explanations without fear of automatic lawsuits, much like a seatbelt lets you drive knowing there’s some protection if something goes wrong while still requiring careful behavior.

Understanding 8-K Material Events →

false 0000946563 0000946563 2026-04-09 2026-04-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 9, 2026

Retractable Technologies, Inc.

(Exact name of registrant as specified in its charter)

Texas 001-16465 75-2599762

(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

511 Lobo Lane, Little Elm, Texas	75068-5295
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code (972) 294-1010

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	RVP	NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Item 8.01 Other Events.

On April 9, 2026, the Company issued a press release, a copy of which is attached to this Form 8-K as Exhibit 99, announcing a reduction in its workforce.

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits

99 Press release

104 Cover Page Interactive Date File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DATE: April 9, 2026	RETRACTABLE TECHNOLOGIES, INC.
	(Registrant)
	BY:	/s/ John W. Fort III
		JOHN W. FORT III
		VICE PRESIDENT, CHIEF FINANCIAL OFFICER, AND CHIEF ACCOUNTING OFFICER

Exhibit 99

RETRACTABLE TECHNOLOGIES, INC. ANNOUNCES WORKFORCE REDUCTION

LITTLE ELM, Texas, April 9, 2026—Retractable Technologies, Inc. (NYSE American: RVP) reports that it has reduced its workforce by approximately 16%. The reduction is expected to save an estimated $2.2 million in annual wages and employment benefits, or approximately 13% of total estimated workforce costs. The expected savings are offset by estimated one-time separation payments of approximately $122 thousand to the affected workers. Approximately 58% of the targeted payroll reduction affects manufacturing or manufacturing support positions and the remainder of the reductions affects sales and sales support roles.

The move comes as the Company continues to strengthen its domestic production capabilities and increase manufacturing efficiencies, reducing its reliance on importing products from its contract manufacturers in China. While contract manufacturers in China have historically produced most of the products the Company sells, the financial impact of tariffs on imports from China has caused the Company to increase its domestic production where practical in order to mitigate the cost of importing. While the increase in domestic manufacturing lessens the negative financial impact of tariffs, the Company is still reliant on Chinese imports for products we are unable to produce with our current manufacturing equipment.

ABOUT RETRACTABLE

Retractable manufactures and markets VanishPoint^® and Patient Safe^® safety medical products and the EasyPoint^® needle. The VanishPoint^® syringe, blood collection, and IV catheter products are designed to prevent needlestick injuries and product reuse by retracting the needle directly from the patient, effectively reducing exposure to the contaminated needle. Patient Safe^® syringes are uniquely designed to reduce the risk of bloodstream infections resulting from catheter hub contamination. The EasyPoint^® is a retractable needle that can be used with luer lock syringes, luer slip syringes, and prefilled syringes to give injections. The EasyPoint^® needle also can be used to aspirate fluids and for blood collection. Retractable's products are distributed by various specialty and general line distributors.

For more information on Retractable, visit its website at www.retractable.com.

Forward-looking statements in this press release are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 and reflect Retractable's current views with respect to future events. Retractable believes that the expectations reflected in such forward-looking statements are accurate. However, Retractable cannot assure you that such expectations will materialize. Actual future performance could differ materially from such statements.

Factors that could cause or contribute to such differences include, but are not limited to: tariffs; material changes in demand; Retractable's ability to maintain liquidity; Retractable's maintenance of patent protection; Retractable's ability to maintain favorable third party manufacturing and supplier arrangements and relationships; foreign trade risk; Retractable's ability to access the market; production costs; the impact of larger market players in providing devices to the safety market; and other risks and uncertainties that are detailed from time to time in Retractable's periodic reports filed with the U.S. Securities and Exchange Commission.

Retractable Technologies, Inc.

John W. Fort III, 888-806-2626 or 972-294-1010

Vice President, Chief Financial Officer, and Chief Accounting Officer

FAQ

What workforce changes did Retractable Technologies (RVP) announce?

Retractable Technologies announced a reduction of approximately 16% of its workforce. The company expects this restructuring to lower annual wage and benefit expenses while incurring relatively small one-time separation costs for affected employees as it adjusts its manufacturing and sales operations.

How much cost savings does Retractable Technologies (RVP) expect from the layoffs?

The company expects about $2.2 million in annual savings from reduced wages and employment benefits. Management indicates this represents roughly 13% of total estimated workforce costs, helping align expenses with its evolving production footprint and tariff-related cost pressures.

What are the one-time separation costs for Retractable Technologies’ workforce reduction?

Retractable Technologies estimates one-time separation payments of approximately $122,000 for affected workers. These charges will offset part of the expected $2.2 million in annual wage and benefit savings, but they are limited compared with the ongoing cost reductions targeted by the restructuring.

Which areas are most affected by Retractable Technologies’ (RVP) staff cuts?

Approximately 58% of the targeted payroll reduction comes from manufacturing or manufacturing support positions. The remaining reductions are in sales and sales support roles, reflecting adjustments across both production and commercial functions as the company rebalances operations and costs.

Why is Retractable Technologies shifting more production to the U.S.?

The company cites tariffs on imports from China as a key factor driving more domestic production where practical. Increasing U.S. manufacturing is intended to lessen the negative financial impact of tariffs, although Retractable remains reliant on Chinese contract manufacturers for products it cannot yet produce domestically.

How do tariffs impact Retractable Technologies’ current business model?

Tariffs raise the cost of products imported from Chinese contract manufacturers, which have historically supplied most of Retractable’s products. To mitigate this, the company is strengthening domestic production capabilities and improving efficiencies, while still depending on imports for items not supported by existing U.S. equipment.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99 EXHIBIT 99 6.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB