{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-218313","form_type":"8-K","ticker":"MIDD","cik":"0000769520","company_name":"MIDDLEBY Corp","filed_at":"2026-05-12T13:10:37+00:00","discovered_at":"2026-05-12T13:13:00.272969+00:00","generated_at":"2026-05-12T13:13:33.621316+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Middleby unveils 3-year outlook as two independent companies; Midera spin-off expected July 6, 2026","bullets":["Middleby (Commercial Foodservice) targets organic net sales CAGR 3-6%, adj. EBITDA CAGR 6-9%, adj. EPS CAGR 10-15% (2025-2028).","Midera (Food Processing) targets organic net sales CAGR 5-7%, 2028E adj. EBITDA margin 20-23%, net leverage <3.0x.","Midera has M&A capacity >$700M over next 3 years; Middleby retains 49% stake in Composition Brands.","Spin-off of Midera is expected July 6, 2026, subject to customary closing conditions and SEC effectiveness.","Middleby sees adj. EBITDA margin expansion of 200-400 bps by 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-218313","json":"https://secwatch.observer/filing/0001193125-26-218313.json","markdown":"https://secwatch.observer/filing/0001193125-26-218313.md","text":"https://secwatch.observer/filing/0001193125-26-218313.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/769520/000119312526218313/0001193125-26-218313-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/769520/000119312526218313/d134942d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T13:13:33.621316+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"}