{"schema_version":"secwatch.filing_event.v1","accession":"0001165002-23-000010","form_type":"8-K/A","ticker":"WHG","cik":"0001165002","company_name":"WESTWOOD HOLDINGS GROUP INC","filed_at":"2023-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.011489+00:00","generated_at":"2026-06-20T03:29:57.447662+00:00","sec_items":["9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Westwood acquisition of Salient reveals $33.8M partners' deficit, going-concern risk in audited 2021 financials","bullets":["Salient's 2021 operating revenue $28.4M (+10.7% YoY) but operating loss $1.3M; net income $17.9M on $18.4M debt forgiveness.","Salient had $40.2M assets vs $74.1M liabilities, resulting in negative equity of $33.8M as of Dec 31, 2021.","Auditor's report includes substantial doubt about Salient's ability to continue as a going concern.","Unaudited interim financials for 9 months ended Sep 30, 2022, also included in filing."],"urls":{"canonical":"https://secwatch.observer/filing/0001165002-23-000010","json":"https://secwatch.observer/filing/0001165002-23-000010.json","markdown":"https://secwatch.observer/filing/0001165002-23-000010.md","text":"https://secwatch.observer/filing/0001165002-23-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1165002/000116500223000010/0001165002-23-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1165002/000116500223000010/whg-20221118.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T03:29:57.447662+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"}