{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-012181","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2023-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.071166+00:00","generated_at":"2026-06-17T04:38:41.585295+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Director Katherine Verner resigns; TOBI designee Omar Maasarani elected to board","bullets":["Katherine Verner resigned as director effective April 6, 2023, no disagreements cited.","TOBI, which beneficially owns ~37% of VEL common stock, requested election of Omar Maasarani as replacement.","Board elected Maasarani on April 7, 2023; he is a PIMCO portfolio manager with 16 years investment experience.","Maasarani will replace Verner as nominee at the May 19, 2023 annual meeting; proxies cast for Verner will be voted for Maasarani."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-012181","json":"https://secwatch.observer/filing/0000950170-23-012181.json","markdown":"https://secwatch.observer/filing/0000950170-23-012181.md","text":"https://secwatch.observer/filing/0000950170-23-012181.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000095017023012181/0000950170-23-012181-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000095017023012181/vel-20230404.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T04:38:41.585295+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":"5e7bb83c99","claim":"Omar Maasarani was elected as Director at Velocity Financial, Inc..","evidence_excerpt":"On April 7, 2023, our Board of Directors elected Mr. Maasarani as a new independent member of our Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692376/000095017023012181/0000950170-23-012181-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f62883dbf4","claim":"Katherine Verner resigned as Director at Velocity Financial, Inc..","evidence_excerpt":"On April 4, 2023, Katherine Verner informed us of her decision to resign as a director effective April 6, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692376/000095017023012181/0000950170-23-012181-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}