{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-033900","form_type":"8-K","ticker":"FRD","cik":"0000039092","company_name":"FRIEDMAN INDUSTRIES INC","filed_at":"2024-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.742681+00:00","generated_at":"2026-05-30T04:02:43.212322+00:00","sec_items":["5.02"],"event_type":"other","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Friedman Industries adopts change of control severance plan with 3x CEO and 2x CFO multipliers","bullets":["Plan approved Sept 18, 2024; applies if termination occurs within 3 months before or 18 months after a change in control.","CEO receives 3x multiple of base salary + average annual bonus, plus pro-rata bonus; CFO gets 2x multiple.","Each also receives same multiple of health plan contribution and up to $10,000 for outplacement services.","Trigger: termination by company without cause or by individual for good reason."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-033900","json":"https://secwatch.observer/filing/0001437749-24-033900.json","markdown":"https://secwatch.observer/filing/0001437749-24-033900.md","text":"https://secwatch.observer/filing/0001437749-24-033900.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39092/000143774924033900/0001437749-24-033900-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39092/000143774924033900/frd20241106_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T04:02:43.212322+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"}