{"schema_version":"secwatch.filing_event.v1","accession":"0000885508-24-000012","form_type":"8-K","ticker":"STRS","cik":"0000885508","company_name":"STRATUS PROPERTIES INC","filed_at":"2024-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.141472+00:00","generated_at":"2026-06-05T22:32:58.444900+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Stratus Properties rejects $27.18/share NXSTEP bid; receives revised $27.30 offer","bullets":["Received unsolicited, non-binding proposal from NXSTEP on Jan 24 at $27.18/share; Board unanimously rejected as undervaluing company.","On Feb 20, NXSTEP raised estimated net purchase price to ~$27.30/share, subject to same conditions and incorrect assumptions.","Stockholder Oasis Management filed Schedule 13D amendment supporting NXSTEP's proposal.","Board will consider updated proposal consistent with fiduciary duties and respond in due course."],"urls":{"canonical":"https://secwatch.observer/filing/0000885508-24-000012","json":"https://secwatch.observer/filing/0000885508-24-000012.json","markdown":"https://secwatch.observer/filing/0000885508-24-000012.md","text":"https://secwatch.observer/filing/0000885508-24-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000012/0000885508-24-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000012/strs-20240221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T22:32:58.444900+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"}