---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-008896"
form_type: "8-K"
ticker: "JEF"
cik: "0000096223"
company_name: "Jefferies Financial Group Inc."
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T15:09:12.198512+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jefferies completes spin-off of Vitesse Energy; 26.6M shares distributed at ratio of 1 VTS per 8.49668 JEF shares

## Summary
- Distribution effective Jan 13, 2023; record date Dec 27, 2022.
- Shareholders received 1 Vitesse share for every 8.49668 Jefferies shares.
- Approximately 26.6 million Vitesse shares distributed (94.37% of outstanding).
- Vitesse begins trading regular-way Jan 17 on NYSE under ticker VTS.
- Vitesse now an independent, publicly traded non-operator oil and gas company.

## SEC filing metadata
- accession: 0001193125-23-008896
- form_type: 8-K
- ticker: JEF
- cik: 0000096223
- company_name: Jefferies Financial Group Inc.
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96223/000119312523008896/0001193125-23-008896-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96223/000119312523008896/d450593d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-008896
- JSON: https://secwatch.observer/filing/0001193125-23-008896.json
- Plain text: https://secwatch.observer/filing/0001193125-23-008896.txt

## Key facts
- Material Agreements
  Jefferies Financial Group Inc. entered into Tax Matters Agreement with Vitesse Energy, Inc. (effective 2023-01-13).
  - Action: entry
  - Agreement: supply
  - Counterparty: Vitesse Energy, Inc.
  - Effective: 2023-01-13
  source text: On January 13, 2023, in connection with the Spin-Off, the Company entered into several agreements with Vitesse and other related parties that set forth the principal actions taken or to be taken in connection with the Spin-Off and that govern the relationship of the parties following the Spin-Off, including a Separation and Distribution Agreement and a Tax Matters Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/96223/000119312523008896/0001193125-23-008896-index.htm
- Material Agreements
  Jefferies Financial Group Inc. entered into Separation and Distribution Agreement with Vitesse Energy, Inc. (effective 2023-01-13).
  - Action: entry
  - Agreement: supply
  - Counterparty: Vitesse Energy, Inc.
  - Effective: 2023-01-13
  source text: On January 13, 2023, in connection with the Spin-Off, the Company entered into several agreements with Vitesse and other related parties that set forth the principal actions taken or to be taken in connection with the Spin-Off and that govern the relationship of the parties following the Spin-Off, including a Separation and Distribution Agreement and a Tax Matters Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/96223/000119312523008896/0001193125-23-008896-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.