{"schema_version":"secwatch.filing_event.v1","accession":"0001056288-22-000026","form_type":"8-K","ticker":"FHI","cik":"0001056288","company_name":"FEDERATED HERMES, INC.","filed_at":"2022-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.814045+00:00","generated_at":"2026-06-24T13:04:11.996839+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Federated Hermes to acquire C.W. Henderson's $3.63B municipal SMA business for $30M+","bullets":["Initial purchase price of $30M, plus up to $20M in contingent payments over five years based on net revenue growth.","C.W. Henderson manages $3.63B in tax-exempt municipal securities across direct, SMA, and sub-advised accounts.","Transaction expected to close in Q3 2022; entire C.W. Henderson team will join Federated Hermes.","Acquisition adds municipal SMA expertise to Federated Hermes' existing $23B SMA business.","Deal approved by both boards; subject to client consents and customary closing conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001056288-22-000026","json":"https://secwatch.observer/filing/0001056288-22-000026.json","markdown":"https://secwatch.observer/filing/0001056288-22-000026.md","text":"https://secwatch.observer/filing/0001056288-22-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1056288/000105628822000026/0001056288-22-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1056288/000105628822000026/fhi-20220715.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T13:04:11.996839+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"}