{"schema_version":"secwatch.filing_event.v1","accession":"0001562762-23-000258","form_type":"8-K","ticker":"CATO","cik":"0000018255","company_name":"CATO CORP","filed_at":"2023-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.918081+00:00","generated_at":"2026-06-14T18:28:22.659217+00:00","sec_items":["2.02","5.07","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Cato Q1 net income falls to $4.4M ($0.22) from $9.7M ($0.46); sales down 7%","bullets":["Net income $4.4M ($0.22 per diluted share) vs $9.7M ($0.46) in Q1 2022.","Sales $190.3M, down 7% YoY; same-store sales decreased 6%.","Gross margin improved to 35.8% from 35.5%; SG&A expense rose to 32.5% from 29.5%.","Opened 4 stores, closed 20; ended with 1,264 stores in 32 states.","Shareholders voted for say-on-pay advisory vote every three years; directors elected."],"urls":{"canonical":"https://secwatch.observer/filing/0001562762-23-000258","json":"https://secwatch.observer/filing/0001562762-23-000258.json","markdown":"https://secwatch.observer/filing/0001562762-23-000258.md","text":"https://secwatch.observer/filing/0001562762-23-000258.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000258/0001562762-23-000258-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000258/cato-20230531.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T18:28:22.659217+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":"b7b319c2a0a6d9013f266bdbc968831e1aad7a43","claim":"CATO CORP reported first quarter ended April 29, 2023 results: revenue $190.3 million, net income $4.4 million, EPS $0.22 per diluted share.","evidence_excerpt":"The Cato Corporation (NYSE: CATO) today reported net income of $4.4 million or $0.22 per diluted share for the first quarter ended April 29, 2023, compared to net income of $9.7 million or $0.46 per diluted share for the first quarter ended April 30, 2022. Sales for the first quarter ended April 29, 2023 were $190.3 million, or a decrease of 7% from sales of $204.9 million for the first quarter ended April 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000258/0001562762-23-000258-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended April 29, 2023"},{"label":"Revenue","value":"$190.3 million"},{"label":"Net income","value":"$4.4 million"},{"label":"EPS","value":"$0.22 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"18f34e7b49e74ce00247f665dd2d85aff76ce4b8","claim":"CATO CORP shareholders approved Election of Directors at the 2023-05-18 meeting.","evidence_excerpt":"On May 18, 2023, the Registrant held its Annual Meeting. The following are the voting results on each matter submitted to the Registrant’s stockholders at the Annual Meeting.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000258/0001562762-23-000258-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-18"}],"fact_type":"shareholder_vote"},{"claim_id":"79b626e48ffe78a756a8c60663918e7136b1f79d","claim":"CATO CORP shareholders approved Frequency of advisory vote on executive compensation at the 2023-05-18 meeting.","evidence_excerpt":"3. In addition, to hold an advisory (non-binding) vote on how often a shareholder vote on “say on pay” is held every one year, two years or three years.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000258/0001562762-23-000258-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-18"}],"fact_type":"shareholder_vote"},{"claim_id":"aa278a003b8d468ecdcd08809d01f7730986ffcd","claim":"CATO CORP shareholders approved Ratification of PricewaterhouseCoopers LLP as independent auditor at the 2023-05-18 meeting.","evidence_excerpt":"4. To approve, to ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 3, 2024.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000258/0001562762-23-000258-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-18"}],"fact_type":"shareholder_vote"},{"claim_id":"aef72d703c0351dbab9e0c504702fff1b05a30c0","claim":"CATO CORP shareholders approved Advisory vote on executive compensation at the 2023-05-18 meeting.","evidence_excerpt":"2. To approve, on an advisory basis, the Company’s executive compensation. The Company’s shareholders voted to approve this proposal with 22,466,145 for and 6,346,566 votes against. There were 89,348 abstentions and 5,014,557 Broker non-votes.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000258/0001562762-23-000258-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-18"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}