{"schema_version":"secwatch.filing_event.v1","accession":"0000737758-26-000025","form_type":"8-K","ticker":"TTC","cik":"0000737758","company_name":"TORO CO","filed_at":"2026-07-22T21:22:08+00:00","discovered_at":"2026-07-22T21:24:00.243033+00:00","generated_at":"2026-07-22T21:24:08.879748+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Toro announces CEO succession: Edric Funk to become President and CEO effective Nov 1, 2026","bullets":["Edric C. Funk elected President and CEO, effective Nov 1, 2026; also elected to Board immediately.","Current CEO Richard M. Olson transitions to Executive Chairman, effective Nov 1, 2026.","Funk's base salary increased from $715,000 to $1,000,000; FY2027 cash incentive target set at 120% of salary.","Olson's base salary set at $763,000 as Executive Chairman; FY2027 cash incentive target at 130% of salary.","Funk joined Toro in 1996 as design engineer; most recently served as President and COO since Sep 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000737758-26-000025","json":"https://secwatch.observer/filing/0000737758-26-000025.json","markdown":"https://secwatch.observer/filing/0000737758-26-000025.md","text":"https://secwatch.observer/filing/0000737758-26-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/737758/000073775826000025/0000737758-26-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/737758/000073775826000025/ttc-20260721.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-22T21:24:08.879748+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"}