{"schema_version":"secwatch.filing_event.v1","accession":"0001056288-25-000024","form_type":"8-K","ticker":"FHI","cik":"0001056288","company_name":"FEDERATED HERMES, INC.","filed_at":"2025-10-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.677961+00:00","generated_at":"2026-05-17T02:25:24.125016+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Federated Hermes to acquire 80% of real estate manager FCP for up to $331M","bullets":["Aggregate purchase price up to $331M: $215.8M cash + $23.2M FHI stock at closing; plus up to $92M contingent.","FCP manages $3.8B assets as of June 30, 2025; specializes in U.S. multifamily real estate; 75+ employees.","Deal expected to close in H1 2026; subject to HSR antitrust clearance and third-party consents.","FHI expands U.S. private markets capabilities; complements existing $5.5B U.K. real estate business.","FHI will own 80% initially; FCP management retains 20% and enters five-year employment agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001056288-25-000024","json":"https://secwatch.observer/filing/0001056288-25-000024.json","markdown":"https://secwatch.observer/filing/0001056288-25-000024.md","text":"https://secwatch.observer/filing/0001056288-25-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1056288/000105628825000024/0001056288-25-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1056288/000105628825000024/fhi-20251023.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:25:24.125016+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"}