{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-104282","form_type":"8-K","ticker":"SUI","cik":"0000912593","company_name":"SUN COMMUNITIES INC","filed_at":"2022-04-13T23:59:59+00:00","discovered_at":"2026-05-14T18:04:04.302011+00:00","generated_at":"2026-06-26T07:48:36.613057+00:00","sec_items":["1.01","2.03","3.02","8.01","5.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Sun Communities closes £950M Park Holidays acquisition, upsizes credit facility to $4.2B, appoints new CFO","bullets":["Acquired Park Holidays, UK's 2nd largest holiday-community owner, for £950M (~$1.3B); 186,044 shares issued to sellers.","Credit facility expanded to $4.2B (with ability to upsize to $5.0B); revolving line $3.05B, term loan $1.15B; maturities extended to 2025/2027.","CFO Karen Dearing retires effective May 2, 2022; Fernando Castro-Caratini appointed as new CFO, Secretary, and Treasurer.","Castro-Caratini previously SVP Finance & Capital Markets at Sun Communities; base salary $550K, bonus up to 130%.","Park Holidays operation consists of 40 owned/managed communities in UK seaside locations; adds UK exposure."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-104282","json":"https://secwatch.observer/filing/0001193125-22-104282.json","markdown":"https://secwatch.observer/filing/0001193125-22-104282.md","text":"https://secwatch.observer/filing/0001193125-22-104282.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912593/000119312522104282/0001193125-22-104282-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912593/000119312522104282/d328673d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T07:48:36.613057+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":[{"claim_id":"4bf85708ad","claim":"Karen J. Dearing changed role as Executive Vice President - Special Projects at SUN COMMUNITIES INC.","evidence_excerpt":"on April 8, 2022, Karen J. Dearing announced her retirement from her positions as Chief Financial Officer, Secretary and Treasurer of the Company, effective as of May 2, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/912593/000119312522104282/0001193125-22-104282-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"announced retirement from positions as Chief Financial Officer, Secretary and Treasurer and will remain as Executive Vice President - Special Projects"},{"label":"Role","value":"Executive Vice President - Special Projects"}],"fact_type":"executive_change"},{"claim_id":"a5015dc07b","claim":"Fernando Castro-Caratini was appointed as Executive Vice President, Chief Financial Officer, Secretary and Treasurer at SUN COMMUNITIES INC.","evidence_excerpt":"Also on April 8, 2022, the Company appointed Fernando Castro-Caratini as its Executive Vice President, Chief Financial Officer, Secretary and Treasurer, effective as of May 2, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/912593/000119312522104282/0001193125-22-104282-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President, Chief Financial Officer, Secretary and Treasurer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}