{"schema_version":"secwatch.filing_event.v1","accession":"0001019849-24-000010","form_type":"8-K","ticker":"PAG","cik":"0001019849","company_name":"PENSKE AUTOMOTIVE GROUP, INC.","filed_at":"2024-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.125243+00:00","generated_at":"2026-06-06T18:57:49.223162+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Penske Automotive enters voting agreement capping Penske Corp's voting power at 43.57%; shareholder lawsuit dismissed","bullets":["Penske Corporation (owns 51% of PAG voting stock) agreed to vote shares above 43.57% proportionally with other shareholders.","Voting agreement terminates when Penske Corp's beneficial ownership falls below 30% of outstanding voting securities.","Shareholder derivative lawsuit over 2021-2023 stock repurchase programs voluntarily dismissed as moot.","Governance change addresses concerns about controller attaining majority voting control without paying premium."],"urls":{"canonical":"https://secwatch.observer/filing/0001019849-24-000010","json":"https://secwatch.observer/filing/0001019849-24-000010.json","markdown":"https://secwatch.observer/filing/0001019849-24-000010.md","text":"https://secwatch.observer/filing/0001019849-24-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1019849/000101984924000010/0001019849-24-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1019849/000101984924000010/pag-20240123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:57:49.223162+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":"ddecf491055840a83441e85c51e74cfdb8698fcb","claim":"PENSKE AUTOMOTIVE GROUP, INC. entered into Voting Agreement with Penske Corporation (effective 2024-01-23).","evidence_excerpt":"Penske Corporation (“PC”) currently beneficially owns 34,181,121 shares of our Voting Common Stock, representing 51% of our outstanding Voting Common Stock.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1019849/000101984924000010/0001019849-24-000010-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Penske Corporation"},{"label":"Effective","value":"2024-01-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}