{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-234352","form_type":"8-K","ticker":"V","cik":"0001403161","company_name":"VISA INC.","filed_at":"2023-09-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.802421+00:00","generated_at":"2026-06-10T18:56:53.856142+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"medium","headline":"Visa proposes charter amendments for exchange offers to release Class B stock transfer restrictions","bullets":["BoD authorized engagement with stockholders on amendments to allow exchange offers for 245M Class B shares (~390M Class A equivalent, ~$96B value).","Initial offer would exchange half of Class B-1 for new Class B-2 stock and Class C stock; up to three successive offers to follow.","Class B-2 conversion adjustments would occur at double the rate of Class B-1, maintaining existing litigation liability protections.","Makewhole agreements required from participating holders; temporary transfer restrictions on Class C received.","No formal proposal yet; amendments require separate class vote of each common stock class if eventually proposed."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-234352","json":"https://secwatch.observer/filing/0001193125-23-234352.json","markdown":"https://secwatch.observer/filing/0001193125-23-234352.md","text":"https://secwatch.observer/filing/0001193125-23-234352.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1403161/000119312523234352/0001193125-23-234352-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1403161/000119312523234352/d450315d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T18:56:53.856142+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"}