{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-005416","form_type":"8-K","ticker":"BLD","cik":"0001633931","company_name":"TopBuild Corp","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.338383+00:00","generated_at":"2026-06-03T14:02:10.819030+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TopBuild terminates SPI acquisition; pays $23M fee, cites DOJ MBI stance","bullets":["Mutual termination of deal to acquire Specialty Products and Insulation, effective April 22, 2024.","TopBuild paid a termination fee of $23 million under the purchase agreement.","Company terminated the associated $550M delayed draw term loan facility; other credit terms remain.","CEO Buck says parties couldn't agree on terms that satisfy DOJ's narrow view of metal building insulation.","TopBuild reaffirms >$18B TAM with intent to stay active on M&A and organic growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-005416","json":"https://secwatch.observer/filing/0001558370-24-005416.json","markdown":"https://secwatch.observer/filing/0001558370-24-005416.md","text":"https://secwatch.observer/filing/0001558370-24-005416.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1633931/000155837024005416/0001558370-24-005416-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1633931/000155837024005416/bld-20240422x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T14:02:10.819030+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"}