{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-013411","form_type":"8-K","ticker":"ARL","cik":"0001102238","company_name":"AMERICAN REALTY INVESTORS INC","filed_at":"2023-10-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.229675+00:00","generated_at":"2026-06-09T23:50:06.896927+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Director Raymond Roberts Sr. resigns; Fernando Celis appointed to ARL board","bullets":["Raymond D. Roberts, Sr. resigned as director and from all board committees on October 10, 2023, citing health issues.","Roberts, age 91, had served as a director since June 2016; no disagreement with the company.","Board appointed Fernando Victor Lara Celis, age 57, effective October 11, 2023, to fill the vacancy.","Celis is General Manager and President of FYA Project LLC (Schlotzsky's franchisee) and manages real estate projects in Mexico.","Celis also elected as director of Transcontinental Realty Investors (TCI) and Income Opportunity Realty Investors (IOR) on the same day."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-013411","json":"https://secwatch.observer/filing/0001214659-23-013411.json","markdown":"https://secwatch.observer/filing/0001214659-23-013411.md","text":"https://secwatch.observer/filing/0001214659-23-013411.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1102238/000121465923013411/0001214659-23-013411-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1102238/000121465923013411/z10132308k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T23:50:06.896927+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":"66157f8245","claim":"Fernando Victor Lara Celis was appointed as Director at AMERICAN REALTY INVESTORS INC.","evidence_excerpt":"On October 10, 2023, the Board of Directors of ARL selected Fernando Victor Lara Celis, age 57, as a director effective October 11, 2023, to fill a vacancy on the Board of Directors created by the resignation of Raymond D. Roberts, Sr.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1102238/000121465923013411/0001214659-23-013411-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6d7b562a6c","claim":"Raymond D. Roberts, Sr. resigned as Director at AMERICAN REALTY INVESTORS INC.","evidence_excerpt":"On October 10, 2023, Raymond D. Roberts, Sr. resigned as a director and from all Board Committees of American Realty Investors, Inc.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1102238/000121465923013411/0001214659-23-013411-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}