{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-011133","form_type":"8-K","ticker":"VSTD","cik":"0001898604","company_name":"Vestand Inc.","filed_at":"2025-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.526911+00:00","generated_at":"2026-05-24T09:16:02.007484+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Yoshiharu appoints Sungjoon Chae to board; BS1 Fund to provide $1.1M for 440k shares","bullets":["Sungjoon Chae appointed to board effective March 17, 2025, filling vacancy from Jay Kim's departure.","BS1 Fund, where Chae is chairman, will provide $1.1M to repay a Crom note in exchange for 440,000 shares at $2.50/share.","Chae will not serve on any board committees and receives no compensation for board service.","Chae is an architect/urban designer, CEO of Grundot, and former adjunct professor at Hongik University."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-011133","json":"https://secwatch.observer/filing/0001493152-25-011133.json","markdown":"https://secwatch.observer/filing/0001493152-25-011133.md","text":"https://secwatch.observer/filing/0001493152-25-011133.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225011133/0001493152-25-011133-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225011133/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T09:16:02.007484+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":"00c508f824","claim":"Sungjoon Chae was appointed as Director at Vestand Inc..","evidence_excerpt":"appointed Mr. Sungjoon Chae to fill the vacancy on the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225011133/0001493152-25-011133-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5a27900b3a","claim":"Jay Kim departed as Director at Vestand Inc..","evidence_excerpt":"the departure of Mr. Jay Kim","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225011133/0001493152-25-011133-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}