{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-041689","form_type":"8-K","ticker":null,"cik":"0001644488","company_name":"SHARING SERVICES GLOBAL Corp","filed_at":"2023-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.921104+00:00","generated_at":"2026-06-08T01:13:34.372957+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Sharing Services amends Series D Preferred Stock: redemption removed, dividend set at 25% of net operating income","bullets":["Redemption feature eliminated; company no longer required to pay $1,000 per share in cash upon holder demand.","Annual dividend changed to 25% of net operating income, cumulative, payable in cash starting June 1, 2024.","Amended and Restated Certificate of Designation filed with Nevada Secretary of State on November 16, 2023.","Sole stockholder Decentralized Sharing System, Inc. approved amendment alongside the board of directors.","Dividends accrue whether or not declared and continue to accrue even if no operating income or surplus exists."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-041689","json":"https://secwatch.observer/filing/0001493152-23-041689.json","markdown":"https://secwatch.observer/filing/0001493152-23-041689.md","text":"https://secwatch.observer/filing/0001493152-23-041689.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1644488/000149315223041689/0001493152-23-041689-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1644488/000149315223041689/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T01:13:34.372957+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":"3e38f0c14f312efe91f8ec803c8049859e38647d","claim":"SHARING SERVICES GLOBAL Corp: Amended and restated Certificate of Designation for Series D Preferred Stock removing redemption feature and modifying dividend calculation (effective 2023-11-16).","evidence_excerpt":"the board of directors of Sharing Services Global Corporation (the “Company”) and Decentralized Sharing System, Inc., as the sole stockholder (the “Holder”) of the Company’s Series D Preferred Stock (the “Series D Preferred Stock”), approved the adoption and filing of an Amended and Restated Certificate of Designation of the Series D Preferred Stock (the “Amended and Restated Certificate of Designation”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1644488/000149315223041689/0001493152-23-041689-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-11-16"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}