{"schema_version":"secwatch.filing_event.v1","accession":"0001023459-24-000078","form_type":"8-K","ticker":"SLP","cik":"0001023459","company_name":"Simulations Plus, Inc.","filed_at":"2024-06-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.928971+00:00","generated_at":"2026-06-01T04:46:15.946384+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Simulations Plus acquires Pro-ficiency for $100M cash; deal doubles TAM to $8B, expected accretive to FY2025 EPS","bullets":["All-cash purchase of Pro-ficiency for $100M; funded from existing cash and investments; no debt retained after deal.","Deal expected to be accretive to fiscal 2025 EPS; doubles total addressable market to $8B.","Pro-ficiency provides simulation-enabled solutions for clinical and commercial drug development; expands Simulations Plus along drug development value chain.","Michael Raymer, former Pro-ficiency CEO, appointed Business Unit President; base salary $325K, 15,000 stock options, up to 25% annual bonus.","Transaction bonuses of $137,500 to CFO Will Frederick and $13,750 to President Brett Howell for their contributions to the acquisition."],"urls":{"canonical":"https://secwatch.observer/filing/0001023459-24-000078","json":"https://secwatch.observer/filing/0001023459-24-000078.json","markdown":"https://secwatch.observer/filing/0001023459-24-000078.md","text":"https://secwatch.observer/filing/0001023459-24-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023459/000102345924000078/0001023459-24-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023459/000102345924000078/slp-20240611.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T04:46:15.946384+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":"d647d8b0c1","claim":"Michael Raymer was appointed as Business Unit President at Simulations Plus, Inc..","evidence_excerpt":"on June 11, 2024, Michael Raymer, the chief executive officer of Pro-ficiency pre-Acquisition, was appointed as Business Unit President of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023459/000102345924000078/0001023459-24-000078-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Business Unit President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}