{"schema_version":"secwatch.filing_event.v1","accession":"0000105132-24-000011","form_type":"8-K","ticker":"WDFC","cik":"0000105132","company_name":"WD 40 CO","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.233176+00:00","generated_at":"2026-06-05T04:32:19.198853+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"WD-40 acquires Brazilian distributor Theron Marketing for ~$6.9M cash","bullets":["Approximate purchase price of $6.9M USD, subject to 90-day post-closing adjustment.","Escrow of ~$200K funded from cash consideration to cover indemnifiable losses; balance to seller after 2 years.","Seller provides 3-year non-compete, 1-year non-solicit, and insurance bond for certain taxes.","Theron signs 3-year transition services agreement with related party VDBN for logistics; minimum fees approx $2.1M.","Acquisition included in FY2024 outlook; more details on Q2 earnings call April 9, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000105132-24-000011","json":"https://secwatch.observer/filing/0000105132-24-000011.json","markdown":"https://secwatch.observer/filing/0000105132-24-000011.md","text":"https://secwatch.observer/filing/0000105132-24-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/105132/000010513224000011/0000105132-24-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/105132/000010513224000011/wdfc-20240304.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:32:19.198853+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":"1d5c772089e03774da0a55d75e53845dc09fd39c","claim":"WD 40 CO entered into Transition Services Agreement with VDBN Representações Comerciais Ltda. valued at minimum fees total approximately $2.1 million USD.","evidence_excerpt":"In connection with this acquisition, Theron signed a three-year Transition Services Agreement (“TSA”) with VDBN Representações Comerciais Ltda., a related party of Seller, for logistics and related services, for which the minimum fees total approximately $2.1 million USD.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/105132/000010513224000011/0000105132-24-000011-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"VDBN Representações Comerciais Ltda."},{"label":"Value","value":"minimum fees total approximately $2.1 million USD"}],"fact_type":"material_agreement"},{"claim_id":"f94800c36c107384f6c514d5f271fcffc35be08b","claim":"WD 40 CO entered into Quota Purchase Agreement with M12 Participações Empresarias S.A. valued at approximate purchase price of $6.9 million USD (effective 2024-03-04).","evidence_excerpt":"On March 4, 2024 (“Closing Date”), WD-40 Holding Company Brasil Ltda. (“Buyer”), a wholly-owned subsidiary of WD-40 Company (“Company”), acquired all of the issued and outstanding capital stock of Brazilian distributor, Theron Marketing Ltda. (“Theron”), from M12 Participações Empresarias S.A. (“Seller”) in a cash-for-stock transaction. The approximate purchase price of $6.9 million USD is subject to a 90-day post closing adjustment.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/105132/000010513224000011/0000105132-24-000011-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"M12 Participações Empresarias S.A."},{"label":"Value","value":"approximate purchase price of $6.9 million USD"},{"label":"Effective","value":"2024-03-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}