{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-25-000118","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.810118+00:00","generated_at":"2026-05-16T15:37:29.304450+00:00","sec_items":["7.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"medium","headline":"TXNM Energy proposes junior subordinated notes offering; evaluating up to $100M pension risk transfer","bullets":["Commenced marketing for private offering of fixed-to-fixed reset rate junior subordinated notes (Rule 144A/Reg S).","Evaluating pension risk transfer of up to $100M of Plan obligations via group annuity contract using existing assets.","Expects non-cash charge of ~$65M pre-tax ($50M after-tax) if pension transfer completes; no additional cash contributions.","Both transactions are preliminary, subject to conditions; no assurance of completion or final terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-25-000118","json":"https://secwatch.observer/filing/0001108426-25-000118.json","markdown":"https://secwatch.observer/filing/0001108426-25-000118.md","text":"https://secwatch.observer/filing/0001108426-25-000118.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000118/0001108426-25-000118-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81023/000110842625000118/pnm-20251202.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:37:29.304450+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"}