{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-032760","form_type":"8-K","ticker":"QXO","cik":"0001236275","company_name":"QXO, Inc.","filed_at":"2024-04-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.626986+00:00","generated_at":"2026-06-03T22:49:23.903391+00:00","sec_items":["1.01","5.02","3.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"SilverSun cancels spin-off, retains business; ups cash dividend to $17.4M","bullets":["Spin-off eliminated; company retains existing operations; stockholders receive $17.4M cash dividend (up from $2.5M).","Equity investment of $1B from Jacobs Private Equity II unchanged; 8:1 reverse stock split planned.","CEO Mark Meller gets new offer letter: $1.12M base salary, 10% annual increases, severance at 3x average salary.","Meller's prior employment agreement terminated upon closing with lump sum severance up to $3M.","Transactions require stockholder approval and customary closing conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-032760","json":"https://secwatch.observer/filing/0001213900-24-032760.json","markdown":"https://secwatch.observer/filing/0001213900-24-032760.md","text":"https://secwatch.observer/filing/0001213900-24-032760.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1236275/000121390024032760/0001213900-24-032760-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1236275/000121390024032760/ea0203889-8k_silversun.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T22:49:23.903391+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":"effde8f3a164021bad85bc915568a0b772f9c5f9","claim":"QXO, Inc. amended Amended and Restated Investment Agreement with Jacobs Private Equity II, LLC valued at $1,000,000,000 equity investment, $17,400,000 aggregate cash dividend to pre-closing stockholders (effective 2024-04-14).","evidence_excerpt":"On April 14, 2024, the Company entered into an Amended and Restated Investment Agreement (the “ A&R Investment Agreement ”) with JPE (on behalf of itself and on behalf of each of the other Investors) amending and restating the Original Investment Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1236275/000121390024032760/0001213900-24-032760-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Jacobs Private Equity II, LLC"},{"label":"Value","value":"$1,000,000,000 equity investment, $17,400,000 aggregate cash dividend to pre-closing stockholders"},{"label":"Effective","value":"2024-04-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}