{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-032996","form_type":"8-K","ticker":"VCTR","cik":"0001570827","company_name":"Victory Capital Holdings, Inc.","filed_at":"2026-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.488905+00:00","generated_at":"2026-05-15T09:21:55.540454+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Victory Capital reiterates $57.05/share bid for Janus Henderson, rebuts Trian","bullets":["Proposal: $40.00 cash + 0.250 VCTR shares per JHG share, total $57.05 based on Mar 20 close (superior to Trian's $49.00).","Claims 95%+ client consent in prior acquisitions; $500M annual cost synergies (31% of Janus expense base) deemed reasonable.","Financing fully committed and independent of synergies; no due diligence access yet provided by Janus.","Victory Capital TSR 525%+ since IPO (Feb 2018), best in sector; quarterly dividend $0.49, up five years straight.","Refutes client attrition fears: committed to retaining Janus brand, investment autonomy, and lucrative retention programs."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-032996","json":"https://secwatch.observer/filing/0001104659-26-032996.json","markdown":"https://secwatch.observer/filing/0001104659-26-032996.md","text":"https://secwatch.observer/filing/0001104659-26-032996.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1570827/000110465926032996/0001104659-26-032996-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1570827/000110465926032996/tm269556d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:21:55.540454+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"}