{"schema_version":"secwatch.filing_event.v1","accession":"0000018255-22-000020","form_type":"8-K","ticker":"CATO","cik":"0000018255","company_name":"CATO CORP","filed_at":"2022-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:04:02.621520+00:00","generated_at":"2026-06-25T08:21:25.107083+00:00","sec_items":["1.01","1.02","2.02","2.03","5.07","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cato Q1 net income $9.7M ($0.46/diluted), down 53% YoY; sales $204.9M, -3%","bullets":["Net income $9.7M ($0.46 diluted) vs $20.7M ($0.92) in Q1 2021; sales decreased 3% to $204.9M; same-store sales -2%.","Gross margin fell from 41.5% to 35.5% due to lower merchandise margins; SG&A improved to 29.5% of sales.","Entered $35M unsecured revolving credit facility with Wells Fargo, five-year term, SOFR+1.0%, replace prior BB&T facility.","Shareholders reelected Theresa J. Drew and D. Harding Stowe to board; approved Say-on-Pay and auditor ratification.","Management cautious on FY22: late shipments, inflation, and pressure on consumer discretionary income continue."],"urls":{"canonical":"https://secwatch.observer/filing/0000018255-22-000020","json":"https://secwatch.observer/filing/0000018255-22-000020.json","markdown":"https://secwatch.observer/filing/0000018255-22-000020.md","text":"https://secwatch.observer/filing/0000018255-22-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/18255/000001825522000020/0000018255-22-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/18255/000001825522000020/cato-20220519.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T08:21:25.107083+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}