{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-120547","form_type":"8-K","ticker":"WHG","cik":"0001165002","company_name":"WESTWOOD HOLDINGS GROUP INC","filed_at":"2022-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.784953+00:00","generated_at":"2026-06-21T14:48:21.601180+00:00","sec_items":["2.01","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Westwood acquires Salient asset management business for $35M; AUM rises to $16.3B","bullets":["Upfront cash payment of $35M, plus up to $25M earn-out based on revenue retention and growth targets.","AUM increases 33% to $16.3B; adds Energy Infrastructure ($2.1B), Tactical Equity ($1.3B), Real Estate ($242M), Private Investments ($367M).","Expected ~100% accretion to economic EPS in 2023, first full year post-close.","Westwood acquires 47% stake in Broadmark Asset Management; restricted stock grants of $5M to six Energy Infrastructure team members."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-120547","json":"https://secwatch.observer/filing/0001104659-22-120547.json","markdown":"https://secwatch.observer/filing/0001104659-22-120547.md","text":"https://secwatch.observer/filing/0001104659-22-120547.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1165002/000110465922120547/0001104659-22-120547-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1165002/000110465922120547/tm2230949d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T14:48:21.601180+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":"5705440ece870d96981b31f5edcfb067513e9550","claim":"WESTWOOD HOLDINGS GROUP INC completed an acquisition involving Salient Partners, L.P. for $35 million in cash, plus up to $25 million in contingent earn-out payments (closed 2022-11-18).","evidence_excerpt":"“ Seller ”). The purchase price paid by the Company at the closing (the “ Closing ”) of the transactions contemplated by the Purchase Agreement (the “ Salient Acquisition ”) was $35 million in cash, subject to certain customary adjustments, including adjustments for working capital and client consents. The Company funded the closing payment with cash on hand.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1165002/000110465922120547/0001104659-22-120547-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Salient Partners, L.P."},{"label":"Consideration","value":"$35 million in cash, plus up to $25 million in contingent earn-out payments"},{"label":"Closing","value":"2022-11-18"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}