{"schema_version":"secwatch.filing_event.v1","accession":"0001634117-25-000011","form_type":"8-K","ticker":"BNED","cik":"0001634117","company_name":"Barnes & Noble Education, Inc.","filed_at":"2025-08-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.529387+00:00","generated_at":"2026-05-17T09:13:52.507996+00:00","sec_items":["2.02","4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"BNED restates multiple FY2024-2025 periods; employee misconduct; FY2025 sales $1.61B","bullets":["Board concludes FY2024 and Q1-Q3 FY2025 financials cannot be relied upon; restatement expected.","Erroneous cost of sales from employee actions: FY2024 cost increase $5.7M; FY2025 Q3 cost decrease $1.9M, nine-month increase $10.5M.","Identified $3.5M of Q3 FY2025 sales not meeting revenue recognition criteria; will reduce sales and accounts receivable.","Preliminary FY2025: total sales $1.61B (excluding $3.5M), BNC First Day revenue $593.8M, total net debt $94.0M.","Material weaknesses in internal controls expected; SEC notified of ongoing investigation."],"urls":{"canonical":"https://secwatch.observer/filing/0001634117-25-000011","json":"https://secwatch.observer/filing/0001634117-25-000011.json","markdown":"https://secwatch.observer/filing/0001634117-25-000011.md","text":"https://secwatch.observer/filing/0001634117-25-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1634117/000163411725000011/0001634117-25-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1634117/000163411725000011/bned-20250826.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T09:13:52.507996+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"}