{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-26-000014","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2026-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.548694+00:00","generated_at":"2026-05-15T08:05:40.442034+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"TXNM Energy's 5.75% convertible notes become convertible; holders to receive non-convertible notes plus stock","bullets":["Convertible notes (5.75% due 2054) convertible from April 1 to June 30, 2026, at conversion price of ~$44.37/share.","Upon conversion, holders receive equal principal of new 5.75% non-convertible subordinated notes due 2054 plus stock for any excess.","Conversion triggered by stock price exceeding 130% of conversion price for 20 of 30 trading days ending March 31, 2026.","Pending merger with Blackstone at $61.25/share would be a make-whole fundamental change, allowing cash-only conversion.","Company warns new non-convertible notes may trade below par given recent 7% issuance and lower liquidity."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-26-000014","json":"https://secwatch.observer/filing/0001108426-26-000014.json","markdown":"https://secwatch.observer/filing/0001108426-26-000014.md","text":"https://secwatch.observer/filing/0001108426-26-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000014/0001108426-26-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000014/pnm-20260331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:05:40.442034+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"}