---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-123911"
form_type: "8-K"
ticker: "VCTR"
cik: "0001570827"
company_name: "Victory Capital Holdings, Inc."
filed_at: "2026-11-06T21:31:23+00:00"
generated_at: "2026-11-06T21:32:08.326517+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Victory Capital faces two NY suits over First Eagle proxy; adds supplemental disclosures

## Summary
- Two purported-stockholder complaints filed in NY Supreme Court: Wright v. Victory (Index 656101/2026, Oct 27) and Taylor v. Victory (Index 656139/2026, Oct 28), plus demand letters.
- Suits allege the Proxy Statement was materially incomplete and misleading; they seek an injunction, rescission or damages, and fees; Victory denies the allegations and says its disclosures comply.
- Victory voluntarily supplements the proxy but says the $7.03B base purchase price for First Eagle and the Nov 17, 2026 special meeting timing are unchanged; the board still recommends FOR.
- Supplement adds PJT DCF: Victory implied equity of $7.89B-$9.90B, or $93.75-$117.75/share vs $116 close on Aug 24; 10.0x-12.0x terminal EBITDA and 10.5%-12.5% discount rate.
- First Eagle DCF implies adjusted total enterprise value of $6.05B-$7.62B using 8.5x-10.5x terminal EBITDA and assumes $299M of sign-to-close free cash flow.

## SEC filing metadata
- accession: 0001104659-26-123911
- form_type: 8-K
- ticker: VCTR
- cik: 0001570827
- company_name: Victory Capital Holdings, Inc.
- filed_at: 2026-11-06T21:31:23+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1570827/000110465926123911/0001104659-26-123911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1570827/000110465926123911/tm2629130d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-123911
- JSON: https://secwatch.observer/filing/0001104659-26-123911.json
- Plain text: https://secwatch.observer/filing/0001104659-26-123911.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.