{"schema_version":"secwatch.filing_event.v1","accession":"0001289419-26-000048","form_type":"8-K","ticker":"MORN","cik":"0001289419","company_name":"Morningstar, Inc.","filed_at":"2026-09-25T20:20:48+00:00","discovered_at":"2026-09-25T20:23:04.746667+00:00","generated_at":"2026-10-12T13:23:31.661985+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Morningstar Q&A: no comment on transformative M&A; board refreshment continues with Bramman addition","bullets":["Questions cite Semafor report that Bloomberg may pursue an IPO or other transaction and a report S&P may spin out Capital IQ Pro.","Morningstar declined to comment on potential transactions; says it evaluates building, partnering, or acquiring to add capabilities and create synergies.","Capital allocation unchanged: preserve strong balance sheet, invest in organic growth, pursue acquisitions, grow dividend over time, repurchase opportunistically.","Board: four of eight independent directors have served 10+ years; five new directors added since 2017; Anne Bramman joined early 2026, ex-CFO at Circana, Nordstrom, Avery Dennison, Carnival.","Mandatory retirement age 73 applies after 10 years of service; Gail Landis, after 13 years, did not stand for re-election at the 2026 annual meeting."],"urls":{"canonical":"https://secwatch.observer/filing/0001289419-26-000048","json":"https://secwatch.observer/filing/0001289419-26-000048.json","markdown":"https://secwatch.observer/filing/0001289419-26-000048.md","text":"https://secwatch.observer/filing/0001289419-26-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289419/000128941926000048/0001289419-26-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289419/000128941926000048/morn-20260925.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:23:31.661985+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"}