{"schema_version":"secwatch.filing_event.v1","accession":"0000074046-24-000029","form_type":"8-K","ticker":"ODC","cik":"0000074046","company_name":"Oil-Dri Corp of America","filed_at":"2024-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.880598+00:00","generated_at":"2026-06-03T22:34:30.175794+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Oil-Dri to acquire crystal cat litter maker Ultra Pet for $46M in cash","bullets":["$46M cash acquisition of Ultra Pet; expected closing in Q4 fiscal 2024.","Ultra Pet has ~$24M annual net sales; crystal litter segment grew 500% since 2019.","Funded by cash on hand and credit facilities, including up to $10M BMO advance.","Transaction approved by both boards; expected to be immediately accretive to Oil-Dri.","Oil-Dri gains entry into the fast-growing crystal cat litter market, complementing clay-based offerings."],"urls":{"canonical":"https://secwatch.observer/filing/0000074046-24-000029","json":"https://secwatch.observer/filing/0000074046-24-000029.json","markdown":"https://secwatch.observer/filing/0000074046-24-000029.md","text":"https://secwatch.observer/filing/0000074046-24-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/74046/000007404624000029/0000074046-24-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/74046/000007404624000029/odc-20240416.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T22:34:30.175794+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":[{"claim_id":"4c181bbbc3efa4fbd2e74c7b83716087802ef54d","claim":"Oil-Dri Corp of America entered into Seventh Amendment to Credit Agreement with BMO Bank N.A. (effective 2024-04-16).","evidence_excerpt":"7 to the BMO Credit Agreement In connection with the Transaction, on April 16, 2024, the Company entered into the Seventh Amendment to Credit Agreement (the “Seventh Amendment”), which amends that certain Credit Agreement, dated as of January 27, 2006, as amended (the “Credit Agreement”), among BMO Bank N.A.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/74046/000007404624000029/0000074046-24-000029-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"BMO Bank N.A."},{"label":"Effective","value":"2024-04-16"}],"fact_type":"material_agreement"},{"claim_id":"f790cc87c7c623ddd4aa7a027a3130b773a81d84","claim":"Oil-Dri Corp of America entered into Purchase Agreement with Ultra Pet, LLC, Ultra Pet Company, Inc., and certain equityholders of Seller valued at approximately $46 million (effective 2024-04-16).","evidence_excerpt":"Stock Purchase Agreement On April 16, 2024, Oil-Dri Corporation of America, a Delaware corporation (the “Company”), entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Ultra Pet, LLC, a Delaware limited liability company (“Seller”), Ultra Pet Company, Inc., a Delaware corporation (“Ultra Pet”), and certain equityholders of Seller set forth on the signature page thereto (“Seller’s Equityholders”), pursuant to which the Company has agreed to purchase all of the issued and outstanding shares of capital stock of Ultra Pet (the “Shares”) from Seller (the “Transaction”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/74046/000007404624000029/0000074046-24-000029-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Ultra Pet, LLC, Ultra Pet Company, Inc., and certain equityholders of Seller"},{"label":"Value","value":"approximately $46 million"},{"label":"Effective","value":"2024-04-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}