secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2026-01-16T23:59:59+00:00
Accession:  0001104659-26-004427
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pure Cycle expands board to 8, appoints Maran's Roller, forms strategy committee
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- Board increased from 7 to 8 directors; Daniel J. Roller (President of Maran Capital) appointed, effective Jan 14, 2026.
- Maran Capital, beneficial owner of ~14.7% of PCYO, entered cooperation agreement with standstill, voting, and director replacement provisions.
- Board formed Strategy and Capital Allocation Committee chaired by Mr. Roller to evaluate strategic and capital allocation matters.
- Maran agreed to vote its shares per Board recommendations until 15 days before 2027 nominee deadline or extraordinary transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000110465926004427/0001104659-26-004427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000110465926004427/pcyo-20260114x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-004427

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer