{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-027795","form_type":"8-K","ticker":"MORN","cik":"0001289419","company_name":"Morningstar, Inc.","filed_at":"2025-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.226568+00:00","generated_at":"2026-05-24T05:33:58.436356+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Morningstar launches Direct Advisory Suite, details M&A and AI in investor Q&A","bullets":["Direct Advisory Suite launched Jan 2025; all Advisor Workstation clients to migrate by 2026, price increases possible.","Morningstar Office retired; clients transitioning to SS&C Black Diamond; Addepar not viewed as competitor.","M&A focuses on adjacencies; recent buys include Lumonic (private credit) and Dealview (CMBS/CLO data).","EU Omnibus proposals to streamline CSRD; Morningstar expects no material impact in 2025.","Executive comp: TSR hurdle at 20% (since 2020), MSUs vest 0% if TSR negative 13.33%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-027795","json":"https://secwatch.observer/filing/0001104659-25-027795.json","markdown":"https://secwatch.observer/filing/0001104659-25-027795.md","text":"https://secwatch.observer/filing/0001104659-25-027795.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289419/000110465925027795/0001104659-25-027795-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289419/000110465925027795/tm2510342d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T05:33:58.436356+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"}