reorganization

noun

re·​or·​ga·​ni·​za·​tion (ˌ)rē-ˌȯr-gə-nə-ˈzā-shən 

-ˌȯrg-nə-

: the act or process of reorganizing : the state of being reorganized

especially : the financial reconstruction of a business concern

reorganizational

(ˌ)rē-ˌȯr-gə-nə-ˈzā-shnəl 

-shə-nᵊl

adjective

Example Sentences

Recent Examples on the Web

As part of the latest reorganization of the Motion Picture Group, Erin Westerman will continue as president of production. —Etan Vlessing, The Hollywood Reporter, 12 May 2023

Priest shortages and dwindling church attendance are among the reasons for a major reorganization that will impact, among other things, school resources and closures. —Madeline Mitchell, The Enquirer, 1 May 2023

In a reorganization, Iger also dismantled the former Disney Media & Entertainment Distribution (DMED) group, and established a three-division structure: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. —Todd Spangler, Variety, 13 Mar. 2023

As part of this, the company is preparing for a reorganization that will flatten the layers of management between CEO Mark Zuckerberg and the company's interns. —Jackson Fordyce, Fortune, 23 Feb. 2023

On Thursday night at a 90-minute meeting with priests from the 96 diocesan parishes, Cardinal Robert McElroy informed them of the possibility the diocese could again file for reorganization under Chapter 11 of the U.S. bankruptcy code. —San Diego Union-Tribune, 10 Feb. 2023

The move is part of Commissioner Robert M. Califf’s reorganization of the FDA’s food policy apparatus. —Jacob Bogage, Washington Post, 31 Jan. 2023

Bed Bath & Beyond could be forced to file for Chapter 11 bankruptcy reorganization due to its financial woes. —Paul R. La Monica, CNN, 26 Jan. 2023

In September 2022, a judge in Delaware federal bankruptcy court granted final approval for the confirmation of a reorganization plan. —Lauren Del Valle, CNN, 20 Apr. 2023

See More

Word History

First Known Use

1751, in the meaning defined above

Kids Definition

reorganization

noun

re·​or·​ga·​ni·​za·​tion (ˌ)rē-ˌȯrg-(ə-)nə-ˈzā-shən 

: the act of reorganizing : the state of being reorganized

especially : the changing of the financial structure of a business

Legal Definition

reorganization

noun

re·​or·​ga·​ni·​za·​tion ˌrē-ˌȯr-gə-nə-ˈzā-shən 

1

: the act of reorganizing : the state of being reorganized

2

a

: the rehabilitation of the finances of a business in accordance with a plan approved by a bankruptcy court under the provisions of chapter 11 of the Bankruptcy Code

b

: any of various procedures (as recapitalization or merger) that affect the tax structure of a corporation under the Internal Revenue Code and often produce favorable tax treatment

— A reorganization \ ˈā-​ \

: a reorganization that consists of a merger or consolidation which complies with the requirements of applicable state statute

— B reorganization \ ˈbē-​ \

: a reorganization involving the acquisition by one corporation of the stock of another corporation in exchange solely for all or some of the voting stock of the acquiring corporation or its parent either of which has control of the acquired corporation immediately after the acquisition

— C reorganization \ ˈsē-​ \

: a reorganization involving the acquisition by one corporation of substantially all of the property of another corporation in exchange solely for all or part of the voting stock of the acquiring corporation or its parent regardless of any liability assumed by the acquiring corporation as a result of the acquisition

— D reorganization \ ˈdē-​ \

: a reorganization involving a transfer by a corporation of all or part of its assets to another corporation that results in control of the other corporation being immediately placed in the transferor or one or more of its shareholders or both but under which the stock or securities of the other corporation must be distributed in a qualified transaction see also spin-off, split-off, split-up

— E reorganization \ ˈē-​ \

: a reorganization that consists of a recapitalization

— F reorganization \ ˈef-​ \

: a reorganization consisting merely of a change in the identity, form, or place of organization of a corporation

— G reorganization \ ˈjē-​ \

: a reorganization involving a transfer by a corporation of all or part of its assets to another corporation under a bankruptcy or similar proceeding provided that the stock or securities of the other corporation are distributed in a qualified transaction

3

: alteration of the existing structure of governmental units (as bureaus or legislative committees) and the lines of control and authority between them usually to promote greater efficiency and responsibility