{"schema_version":"secwatch.filing_event.v1","accession":"0000885508-24-000016","form_type":"8-K","ticker":"STRS","cik":"0000885508","company_name":"STRATUS PROPERTIES INC","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.141862+00:00","generated_at":"2026-06-05T05:11:02.644557+00:00","sec_items":["8.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"medium","headline":"Stratus board unanimously rejects NXSTEP's unsolicited acquisition bid","bullets":["Board determined NXSTEP's Feb 20 proposal 'substantially undervalues' Stratus.","Stratus will continue executing its business strategy rather than pursue the bid.","Company will not comment further unless required or appropriate.","Lead independent director conveyed the decision in a letter dated March 4, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000885508-24-000016","json":"https://secwatch.observer/filing/0000885508-24-000016.json","markdown":"https://secwatch.observer/filing/0000885508-24-000016.md","text":"https://secwatch.observer/filing/0000885508-24-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000016/0000885508-24-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000016/strs-20240304.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:11:02.644557+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"}