{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-26-000002","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2026-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.548190+00:00","generated_at":"2026-05-16T11:46:53.791279+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"TXNM Energy announces Q1 2026 conversion period for 5.75% convertible notes at $44.40/share","bullets":["Conversion period Jan 1–Mar 31, 2026; trigger: stock price above 130% of $44.40 conversion price for 20 of 30 days.","Holders converting receive new 5.75% non-convertible junior sub notes due 2054 for principal plus common stock for excess.","No cash paid for principal; new notes less liquid and may trade below $1,000 par; no outstanding at filing.","Merger with Blackstone affiliates at $61.25/share would create make-whole conversion right to receive cash per $1,000 notes.","Company makes no recommendation to holders on whether to convert; conversion agent is Computershare Trust."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-26-000002","json":"https://secwatch.observer/filing/0001108426-26-000002.json","markdown":"https://secwatch.observer/filing/0001108426-26-000002.md","text":"https://secwatch.observer/filing/0001108426-26-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000002/0001108426-26-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000002/pnm-20260102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:46:53.791279+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"}