{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-126909","form_type":"8-K","ticker":"SFES","cik":"0000086115","company_name":"SAFEGUARD SCIENTIFICS INC","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.177916+00:00","generated_at":"2026-06-07T11:34:00.934565+00:00","sec_items":["8.01","1.01","3.01","5.02","5.07","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Safeguard Scientifics to delist from Nasdaq after 1-for-100 reverse split; special dividend $0.35","bullets":["Shareholders approved reverse stock split 1-for-100 followed by forward split 100-for-1 to reduce record holders below 300.","Holders with <100 shares pre-split receive $1.65 per share cash; continuing shareholders' total shares unchanged.","Special cash dividend of $0.35 per share payable Dec 28, 2023; ex-div Dec 29; record Dec 19.","CEO Salzman and CFO Herndon terminated as officers Dec 31, 2023; become temporary employees at $400/hr; Rock Creek outsourced services at $25k/month.","Company will file Form 25 to delist from Nasdaq and Form 15 to terminate SEC reporting obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-126909","json":"https://secwatch.observer/filing/0001104659-23-126909.json","markdown":"https://secwatch.observer/filing/0001104659-23-126909.md","text":"https://secwatch.observer/filing/0001104659-23-126909.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/86115/000110465923126909/0001104659-23-126909-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/86115/000110465923126909/tm2333091d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:34:00.934565+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":"662338e92e2dcdbebc60076ad0ac69991fa2dc74","claim":"SAFEGUARD SCIENTIFICS INC shareholders approved Adopt Articles of Amendment to effect the Reverse Stock Split at the 2023-12-15 meeting.","evidence_excerpt":"The proposal to adopt the Articles of Amendment to the Articles of Incorporation to effect the Reverse Stock Split received the following votes: For Against Abstain 13,035,123 633,278 47,602","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/86115/000110465923126909/0001104659-23-126909-index.htm","confidence":0.98,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-12-15"}],"fact_type":"shareholder_vote"},{"claim_id":"f8cf7a1b05312e28319150429c8d9a84b256cbd2","claim":"SAFEGUARD SCIENTIFICS INC shareholders approved Adopt Articles of Amendment to effect the Forward Stock Split at the 2023-12-15 meeting.","evidence_excerpt":"The proposal to adopt the Articles of Amendment to the Articles of Incorporation to effect the Forward Stock Split received the following votes: For Against Abstain 12,201,621 1,466,752 47,630","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/86115/000110465923126909/0001104659-23-126909-index.htm","confidence":0.98,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-12-15"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}