{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-072787","form_type":"8-K","ticker":"SRG","cik":"0001628063","company_name":"Seritage Growth Properties","filed_at":"2025-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.117777+00:00","generated_at":"2026-05-21T05:12:22.430603+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Seritage posts Q1 net loss of $23.4M; interim CEO highlights asset sales plan","bullets":["Net loss attributable to common shareholders of $23.4M ($0.42/diluted share) vs $20.2M loss in prior-year quarter.","Generated $29.9M gross proceeds from asset sale at 7.7% cap rate; negotiating $70M PSA for premier development asset.","Cash on hand $107.1M as of March 31; NOI-cash basis at share of $2.6M.","CEO Andrea Olshan stepped down April 11; Chairman Adam Metz appointed Interim CEO at $80k/month salary.","Securities class action and three derivative suits pending; $0.4375/share preferred dividend declared for Series A."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-072787","json":"https://secwatch.observer/filing/0000950170-25-072787.json","markdown":"https://secwatch.observer/filing/0000950170-25-072787.md","text":"https://secwatch.observer/filing/0000950170-25-072787.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628063/000095017025072787/0000950170-25-072787-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628063/000095017025072787/srg-20250515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T05:12:22.430603+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"}