{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-030702","form_type":"8-K","ticker":"ARTW","cik":"0000007623","company_name":"ARTS WAY MANUFACTURING CO INC","filed_at":"2024-10-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.981729+00:00","generated_at":"2026-05-30T20:57:38.270610+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Art’s-Way Manufacturing CEO David King Departs; Chairman Marc McConnell Appointed President and CEO","bullets":["David King’s employment terminated mutually effective Oct 1, 2024; severance includes 12 weeks salary.","Marc McConnell, chairman since April 2015, appointed President and CEO effective Oct 4, 2024.","Q3 fiscal 2024 sales fell 27.6% to $5.876M; net income just $2K vs $241K year ago.","Nine-month net loss was $427K vs net income $921K prior year; agricultural segment sales down 32.1%.","Modular Buildings segment sales up 11.6% in Q3 driven by large research projects."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-030702","json":"https://secwatch.observer/filing/0001437749-24-030702.json","markdown":"https://secwatch.observer/filing/0001437749-24-030702.md","text":"https://secwatch.observer/filing/0001437749-24-030702.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/7623/000143774924030702/0001437749-24-030702-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/7623/000143774924030702/artw20241004_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T20:57:38.270610+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":"daf940bba6","claim":"David A. King resigned as Chief Executive Officer at ARTS WAY MANUFACTURING CO INC.","evidence_excerpt":"On October 1, 2024, Art’s-Way Manufacturing Co., Inc. (the “Company”) and David A. King, the Company’s Chief Executive Officer since 2020, mutually agreed to terminate Mr. King’s employment agreement and employment with the Company effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/7623/000143774924030702/0001437749-24-030702-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"eccef8e860","claim":"Marc H. McConnell was appointed as President and Chief Executive Officer at ARTS WAY MANUFACTURING CO INC.","evidence_excerpt":"On October 4, 2024, the Company’s Board of Directors appointed Marc H. McConnell, Chairman of the Company’s Board of Directors, to serve as President and Chief Executive Officer, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/7623/000143774924030702/0001437749-24-030702-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}