{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-198310","form_type":"8-K","ticker":"KEY","cik":"0000091576","company_name":"KEYCORP /NEW/","filed_at":"2024-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.335085+00:00","generated_at":"2026-05-31T10:17:25.761152+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Scotiabank to invest ~$2.8B in KeyCorp at $17.17/share; 14.9% stake; pro forma CET1 12.4%","bullets":["Scotiabank will invest ~$2.8B in KeyCorp at $17.17/share for ~14.9% pro forma common ownership.","Investment raises KeyCorp's pro forma CET1 ratio by 195 bps to 12.4% and increases tangible book value per share by >10%.","Initial $0.8B tranche (4.9% stake) expected upon HSR expiration end of Aug 2024; $2.0B tranche after Federal Reserve approval expected Q1 2025.","KeyCorp intends to evaluate repositioning of AFS securities portfolio to accelerate profitability & liquidity; net CET1 range 11.3%-11.6%.","Transaction expected to be low single-digit accretive to 2025 EPS and slightly accretive to 2026 EPS."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-198310","json":"https://secwatch.observer/filing/0001193125-24-198310.json","markdown":"https://secwatch.observer/filing/0001193125-24-198310.md","text":"https://secwatch.observer/filing/0001193125-24-198310.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91576/000119312524198310/0001193125-24-198310-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91576/000119312524198310/d876079d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T10:17:25.761152+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"}