{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-001102","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2025-01-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.430245+00:00","generated_at":"2026-05-28T02:30:12.720377+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Security Federal gets option to buy back Treasury-held ECIP preferred stock at discount","bullets":["Option to repurchase all 82,949 ECIP preferred shares during first 15 years from May 24, 2022 original closing.","Purchase price based on present value formula; company expects substantial discount from face value.","Exercise during first 10 years requires meeting one of three lending thresholds; company currently meets none.","Earliest possible threshold satisfaction June 30, 2026; current dividend rate 2.0%.","Company may designate a Mission Aligned Nonprofit Affiliate as purchaser under the option."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-001102","json":"https://secwatch.observer/filing/0001437749-25-001102.json","markdown":"https://secwatch.observer/filing/0001437749-25-001102.md","text":"https://secwatch.observer/filing/0001437749-25-001102.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000143774925001102/0001437749-25-001102-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000143774925001102/sfdl20250113_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T02:30:12.720377+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"}