{"schema_version":"secwatch.filing_event.v1","accession":"0000105132-24-000014","form_type":"8-K/A","ticker":"WDFC","cik":"0000105132","company_name":"WD 40 CO","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.232756+00:00","generated_at":"2026-06-05T01:04:46.143135+00:00","sec_items":["9.01","1.01","7.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"WD-40 acquires Brazilian distributor Theron Marketing for ~$6.9M cash","bullets":["Acquired all outstanding shares of Theron Marketing Ltda. for approx. $6.9M USD cash, subject to 90-day post-closing adjustment.","Theron had been exclusive WD-40 distributor in Brazil for 27 years; acquisition enables immediate direct distribution in Brazil.","Three-year Transition Services Agreement with M12 (seller's related party) for logistics; minimum fees total ~$2.1M.","Non-compete provision (3 years) and non-solicit provision (1 year) included in the purchase agreement.","Acquisition included in FY2024 outlook; additional details to be shared with Q2 fiscal 2024 earnings on April 9, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000105132-24-000014","json":"https://secwatch.observer/filing/0000105132-24-000014.json","markdown":"https://secwatch.observer/filing/0000105132-24-000014.md","text":"https://secwatch.observer/filing/0000105132-24-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/105132/000010513224000014/0000105132-24-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/105132/000010513224000014/wdfc-20240304.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:04:46.143135+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":"996b3c26999368eec3183678d59128b06ab37895","claim":"WD 40 CO entered into Quota Purchase Agreement with M12 Participações Empresariais S.A. valued at approximately $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 Empresariais 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/105132/000010513224000014/0000105132-24-000014-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"M12 Participações Empresariais S.A."},{"label":"Value","value":"approximately $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"}