secwatch.observer — SEC 8-K summary
======================================

Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0000018255-22-000017
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cato Chairman John Cato crosses 50% voting control after share repurchases
--------------------------------------------------------------------------

- John P.D. Cato now beneficially owns 50.2% of total voting power of common stock as of Mar 29, 2022.
- Cato's ownership includes 1,004,232 Class A shares (1 vote each) and 1,763,652 Class B shares (10 votes each).
- Control change triggered by recent repurchases reducing Class A outstanding to 19,516,462 shares.
- Company may qualify as 'controlled company' under NYSE, exempting some independence requirements.
- Cato states no current intention to request ceasing compliance with NYSE independence rules.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000001825522000017/0000018255-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000001825522000017/cato8k1Q2022-CC.htm
  HTML page:      https://secwatch.observer/filing/0000018255-22-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer