{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-088635","form_type":"8-K","ticker":"CXT","cik":"0000025445","company_name":"Crane NXT, Co.","filed_at":"2022-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:04:09.166795+00:00","generated_at":"2026-06-26T14:02:23.176088+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Crane Co. to separate into two public companies via tax-free spin-off; Crane NXT (CXT) created","bullets":["Crane Co. (Aerospace & Electronics, Process Flow) retains CR ticker; expected ~$1.9B sales, ~18.5% EBITDA margin.","Crane NXT (Payment & Merchandising Technologies) to trade as CXT; expected ~$1.4B sales, ~28% EBITDA margin.","Spin-off expected within 12 months, tax-free; no shareholder vote; subject to regulatory and customary conditions.","Max Mitchell continues as CEO of Crane Co.; CEO search for Crane NXT underway.","Capital deployment unchanged until spin-off; both companies to maintain strong balance sheets and dividends."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-088635","json":"https://secwatch.observer/filing/0001193125-22-088635.json","markdown":"https://secwatch.observer/filing/0001193125-22-088635.md","text":"https://secwatch.observer/filing/0001193125-22-088635.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/25445/000119312522088635/0001193125-22-088635-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/25445/000119312522088635/d337704d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T14:02:23.176088+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"}