{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-057821","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2022-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:04:00.917784+00:00","generated_at":"2026-06-25T21:37:10.484402+00:00","sec_items":["1.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Summit Hotel Properties enters $200M ATM equity distribution program, terminates prior agreements","bullets":["New equity distribution agreement with 12 managers for up to $200M in common stock at-the-market offerings.","Terminated prior sales agreements from 2017; new program includes forward sale option with multiple forward purchasers.","Company may issue up to 15.86M shares of common stock upon redemption of OP Units issued in $822M acquisition.","Net proceeds to operating partnership for general corporate purposes, including hotel acquisitions and debt repayment.","Managers receive commission up to 2.0% of gross sales price; forward confirmations may be settled physically or in cash."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-057821","json":"https://secwatch.observer/filing/0001104659-22-057821.json","markdown":"https://secwatch.observer/filing/0001104659-22-057821.md","text":"https://secwatch.observer/filing/0001104659-22-057821.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000110465922057821/0001104659-22-057821-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000110465922057821/tm2214409d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T21:37:10.484402+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"}