{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-21-006629","form_type":"8-K","ticker":"PMDI","cik":"0000806517","company_name":"PSYCHEMEDICS CORP","filed_at":"2021-09-23T23:59:59+00:00","discovered_at":"2026-05-14T18:04:20.807259+00:00","generated_at":"2026-06-29T01:54:09.283669+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Psychemedics settles contractual dispute for $1.925M, continues strategic review","bullets":["Agreed to pay customer $1.925M plus $150k from insurers to settle contractual dispute; payment due by Nov 30, 2021.","Dispute stemmed from customer's employee terminations over 15 years ago; no admission of liability by either party.","Board continues exploring strategic alternatives including sale or merger; JMP Securities and Mintz Levin retained as advisors.","Company expects to fund settlement from existing cash on hand."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-21-006629","json":"https://secwatch.observer/filing/0001171843-21-006629.json","markdown":"https://secwatch.observer/filing/0001171843-21-006629.md","text":"https://secwatch.observer/filing/0001171843-21-006629.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/806517/000117184321006629/0001171843-21-006629-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/806517/000117184321006629/f8k_092321.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T01:54:09.283669+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"}