{"schema_version":"secwatch.filing_event.v1","accession":"0001199835-25-000153","form_type":"8-K","ticker":"WVVI","cik":"0000838875","company_name":"WILLAMETTE VALLEY VINEYARDS INC","filed_at":"2025-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.438911+00:00","generated_at":"2026-05-21T06:50:27.561494+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Willamette Valley Vineyards hires Michael Osborn as CEO effective May 19, 2025","bullets":["Osborn, former Wine.com exec, replaces Jim Bernau as CEO; Bernau remains President and Chair.","Annual base salary of $425,000 through 2026, then CPI-adjusted; bonus up to 25% of salary on pre-tax income above $3.5M.","Receives 15,000 common shares within 90 days, 7,000 annual PRSUs for 10 years, and 200,000 long-term PRSUs vesting at $12/$15/$20/$25 stock price targets.","Employment agreement allows remote work from Virginia with required travel to Oregon; severance of 4-12 months' salary depending on tenure."],"urls":{"canonical":"https://secwatch.observer/filing/0001199835-25-000153","json":"https://secwatch.observer/filing/0001199835-25-000153.json","markdown":"https://secwatch.observer/filing/0001199835-25-000153.md","text":"https://secwatch.observer/filing/0001199835-25-000153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/838875/000119983525000153/0001199835-25-000153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/838875/000119983525000153/wvvi_form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T06:50:27.561494+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":[{"claim_id":"150a52c347","claim":"Michael Osborn was appointed as Chief Executive Officer at WILLAMETTE VALLEY VINEYARDS INC.","evidence_excerpt":"On May 12, 2025, Michael Osborn, age 56, entered into an employment agreement with Willamette Valley Vineyards (the “Company”) to serve as the Company’s Chief Executive Officer, effective May 19, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/838875/000119983525000153/0001199835-25-000153-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"ba6e91f002","claim":"Jim Bernau changed role as President and Chair of the Board of Directors at WILLAMETTE VALLEY VINEYARDS INC.","evidence_excerpt":"Mr. Osborn will replace, Jim Bernau, who will continue to serve as the Company’s President and Chair of the Board of Directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/838875/000119983525000153/0001199835-25-000153-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down as Chief Executive Officer"},{"label":"Role","value":"President and Chair of the Board of Directors"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}