{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-169305","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2022-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:04:02.611302+00:00","generated_at":"2026-06-25T04:03:54.771800+00:00","sec_items":["1.01","2.03","5.02","5.07","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Offerpad Solutions increases credit facility to $600M, extends maturity, and announces executive transitions","bullets":["Borrowing capacity increased from $400M to $600M and maturity extended to June 2024 under Third Amended and Restated Master Loan and Security Agreement.","Stephen Johnson transitions from COO to Chief Strategy Officer effective June 2, 2022.","CFO Michael Burnett and CLO Benjamin Aronovitch entered amended employment agreements with base salaries of $400,000 and $375,000, respectively.","At annual meeting, shareholders elected three Class I directors (Bair, Sella, DeGiorgio) and ratified Deloitte & Touche as auditor for fiscal 2022.","Shareholders recommended a say-on-pay vote every year; Board adopted that frequency."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-169305","json":"https://secwatch.observer/filing/0001193125-22-169305.json","markdown":"https://secwatch.observer/filing/0001193125-22-169305.md","text":"https://secwatch.observer/filing/0001193125-22-169305.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312522169305/0001193125-22-169305-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312522169305/d337444d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T04:03:54.771800+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":"2fc1696c5a","claim":"Stephen Johnson changed role as Chief Strategy Officer at Offerpad Solutions Inc..","evidence_excerpt":"Effective June 2, 2022, Stephen Johnson, the Company’s former Chief Operating Officer, transitioned to the role of Chief Strategy Officer to further support the Company’s strategic efforts and priorities.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312522169305/0001193125-22-169305-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"transitioned"},{"label":"Role","value":"Chief Strategy Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}