{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-124684","form_type":"8-K","ticker":"CTRN","cik":"0001318484","company_name":"Citi Trends Inc","filed_at":"2023-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.591883+00:00","generated_at":"2026-06-07T15:28:10.742339+00:00","sec_items":["1.01","3.03","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Citi Trends adopts limited-duration stockholder rights plan triggered at 16% ownership","bullets":["Rights plan expires Dec 4, 2024; triggered if any person/group acquires 16% (20% for passive investors) of common stock.","Board adopted plan after a stockholder quickly accumulated a significant number of shares; no specific takeover bid.","Rights become exercisable after triggering threshold crossed, allowing purchase of preferred shares at $120 per right.","Plan intended to prevent open-market accumulation without control premium; Board will submit to shareholder ratification.","Jefferies serving as financial advisor; Vinson & Elkins as legal advisor to Citi Trends."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-124684","json":"https://secwatch.observer/filing/0001104659-23-124684.json","markdown":"https://secwatch.observer/filing/0001104659-23-124684.md","text":"https://secwatch.observer/filing/0001104659-23-124684.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1318484/000110465923124684/0001104659-23-124684-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1318484/000110465923124684/tm2332359d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:28:10.742339+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":"49cc8c55c20fcad7280329288728f42b4ca0e73d","claim":"Citi Trends Inc: Company adopted a Certificate of Designation for Series A Junior Participating Preferred Stock, filed with the Secretary of State of Delaware on December 6, 2023 (effective 2023-12-06).","evidence_excerpt":"the Company has adopted a Certificate of Designation of Series A Junior Participating Preferred Stock (the “ Certificate of Designation ”). The Certificate of Designation was filed with the Secretary of State of the State of Delaware on December 6, 2023.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1318484/000110465923124684/0001104659-23-124684-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-12-06"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}