---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-229155"
form_type: "8-K"
ticker: "WBS"
cik: "0000801337"
company_name: "WEBSTER FINANCIAL CORP"
filed_at: "2026-05-18T21:23:16+00:00"
generated_at: "2026-05-18T21:25:52.456946+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Webster discloses supplemental J.P. Morgan valuation data in response to Santander acquisition lawsuits

## Summary
- Three stockholder complaints and demand letters allege proxy statement lacks full disclosure on Webster's Santander deal.
- Webster voluntarily adds J.P. Morgan's peer multiples (P/E 9.4x-11.7x) and DCF range ($65.15-$80.75) to proxy.
- J.P. Morgan's implied value range versus implied consideration of $75.00 per share and Webster's $65.77 close on Jan 30.
- Special stockholder meeting to vote on acquisition scheduled for May 26, 2026.
- Webster denies allegations without admitting liability; litigation risk remains.

## SEC filing metadata
- accession: 0001193125-26-229155
- form_type: 8-K
- ticker: WBS
- cik: 0000801337
- company_name: WEBSTER FINANCIAL CORP
- filed_at: 2026-05-18T21:23:16+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/801337/000119312526229155/0001193125-26-229155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/801337/000119312526229155/d15200d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-229155
- JSON: https://secwatch.observer/filing/0001193125-26-229155.json
- Plain text: https://secwatch.observer/filing/0001193125-26-229155.txt

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