{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-006603","form_type":"8-K","ticker":"LE","cik":"0000799288","company_name":"LANDS' END, INC.","filed_at":"2026-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.727116+00:00","generated_at":"2026-05-16T08:14:31.438826+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lands' End to sell 50% of IPCo to WHP for $300M; tender offer for up to $100M of stock","bullets":["WHP will purchase 50% of newly formed IPCo (holding Lands' End brand IP) for $300M cash; proceeds used to repay term loan.","WHP will commence tender offer for up to 2,222,222 shares at $45/share (~$100M aggregate); expected to own ~7% of LE post-offer.","Lands' End will license back IP from IPCo under a royalty-bearing license with a $50M/yr guaranteed minimum royalty for first 11 years.","Closing subject to HSR, other conditions; outside date October 26, 2026. WHP financing committed by Morgan Stanley.","Voting agreements with controlling stockholder Edward Lampert to support future WHP Topco monetization events."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-006603","json":"https://secwatch.observer/filing/0001104659-26-006603.json","markdown":"https://secwatch.observer/filing/0001104659-26-006603.md","text":"https://secwatch.observer/filing/0001104659-26-006603.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/799288/000110465926006603/0001104659-26-006603-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/799288/000110465926006603/tm263788d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T08:14:31.438826+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":"953085966a31509b186d996d4cfee37b4d126939","claim":"LANDS' END, INC. entered into Membership Interest Purchase Agreement with WHP Borrower, LLC; WHP Topco, L.P. (d/b/a WHP Global); LEWHP LLC valued at $300 million in cash (effective 2026-01-26).","evidence_excerpt":"On January 26, 2026, Lands’ End, Inc., a Delaware corporation (the “ Company ”), entered into a Membership Interest Purchase Agreement (the “ MIPA ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/799288/000110465926006603/0001104659-26-006603-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"WHP Borrower, LLC; WHP Topco, L.P. (d/b/a WHP Global); LEWHP LLC"},{"label":"Value","value":"$300 million in cash"},{"label":"Effective","value":"2026-01-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}