{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-025020","form_type":"8-K","ticker":"KPLT","cik":"0001785424","company_name":"Katapult Holdings, Inc.","filed_at":"2024-05-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.100761+00:00","generated_at":"2026-06-01T08:47:53.567113+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Katapult reaches $12M settlement in class action suits; amends CFO severance terms","bullets":["Agreed to settle two class actions for $12M total ($8.5M cash + $3.5M stock/cash); accrued $12M liability previously.","Settlement covers McIntosh v. Katapult (SDNY) and Saunders v. Einbinder (Del. Chancery); subject to court approval.","Amended CFO Nancy Walsh's employment: severance upon termination in Change in Control increased to 2x base salary plus target bonus.","COBRA subsidy extended to 18 months (from 12); Good Reason relocation threshold reduced to 30 miles (from 50).","No admission of liability; company had $5M insurance receivable already recorded."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-025020","json":"https://secwatch.observer/filing/0001628280-24-025020.json","markdown":"https://secwatch.observer/filing/0001628280-24-025020.md","text":"https://secwatch.observer/filing/0001628280-24-025020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785424/000162828024025020/0001628280-24-025020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785424/000162828024025020/kplt-20240520.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T08:47:53.567113+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"}