{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-020100","form_type":"8-K","ticker":"VCTR","cik":"0001570827","company_name":"Victory Capital Holdings, Inc.","filed_at":"2026-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.487865+00:00","generated_at":"2026-05-15T23:35:07.633339+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Victory Capital proposes to acquire Janus Henderson for $57.04/share, 37% premium","bullets":["Total consideration $57.04/share: $30 cash + 0.350 VCTR shares; 37% premium to JHG unaffected price as of Oct 24, 2025.","Proposal ~16% higher than Trian's transaction; JHG shareholders to own ~38% of combined company, enterprise value ~$16B.","Fully financed with committed debt, no financing condition; lower client consent threshold (75%) and termination fee than Trian deal.","Victory sent prior proposals on Nov 24, Dec 8, Dec 22, 2025; urges Special Committee to engage immediately."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-020100","json":"https://secwatch.observer/filing/0001104659-26-020100.json","markdown":"https://secwatch.observer/filing/0001104659-26-020100.md","text":"https://secwatch.observer/filing/0001104659-26-020100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1570827/000110465926020100/0001104659-26-020100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1570827/000110465926020100/tm267299d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T23:35:07.633339+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"}