{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-004849","form_type":"8-K","ticker":"SM","cik":"0000893538","company_name":"SM Energy Co","filed_at":"2026-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.969267+00:00","generated_at":"2026-05-16T09:41:57.226423+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"SM Energy supplements proxy for Civitas merger after stockholder demands; meeting on Jan 27","bullets":["SM Energy received demand letters alleging disclosure deficiencies; voluntarily supplements proxy statement without admitting liability.","Reveals SM Energy net debt/cash of ~$2,574M and fully diluted shares of ~116.8M as of Sep 30, 2025.","Civitas pro forma net debt/cash of ~$4,945M (after asset sales) and fully diluted shares of ~87.1M as of Oct 30, 2025.","Evercore NAV analysis implied SM Energy equity value per share range of $15.47–$22.63 vs. $20.54 close on Oct 30, 2025.","Special stockholder meetings for both companies remain scheduled for January 27, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-004849","json":"https://secwatch.observer/filing/0001104659-26-004849.json","markdown":"https://secwatch.observer/filing/0001104659-26-004849.md","text":"https://secwatch.observer/filing/0001104659-26-004849.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/893538/000110465926004849/0001104659-26-004849-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/893538/000110465926004849/tm263440d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:41:57.226423+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"}