{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-009051","form_type":"8-K","ticker":"VSTD","cik":"0001898604","company_name":"Vestand Inc.","filed_at":"2025-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.412691+00:00","generated_at":"2026-05-22T09:18:32.922452+00:00","sec_items":["5.02","5.03","5.07","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"medium","headline":"Stockholders approve forward split, share increase, change-of-control issuance, and three new directors","bullets":["Approved 4-for-1 forward stock split of Class A and Class B common stock; each holder receives three additional shares per share held.","Authorized shares increased from 50M to 100M; approved issuance of up to 2,720,000 Class A shares resulting in a change of control.","Elected three new directors: Abe Lim, Jae-Hyo Seo, and Sungjoon Chae, each receiving >99% of votes cast.","Charter amended to modify automatic conversion of Class B shares and corporate action voting requirements.","All proposals required 65% of outstanding shares; each passed with >99% of votes cast in favor."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-009051","json":"https://secwatch.observer/filing/0001641172-25-009051.json","markdown":"https://secwatch.observer/filing/0001641172-25-009051.md","text":"https://secwatch.observer/filing/0001641172-25-009051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T09:18:32.922452+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":"265ae4fc58","claim":"Sungjoon Chae was elected as Director at Vestand Inc..","evidence_excerpt":"the stockholders approved the election to the board of directors of Abe Lim, Jae-Hyo Seo and Sungjoon Chae.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"54ebed189d","claim":"Jae-Hyo Seo was elected as Director at Vestand Inc..","evidence_excerpt":"the stockholders approved the election to the board of directors of Abe Lim, Jae-Hyo Seo and Sungjoon Chae.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6224280c96","claim":"Abe Lim was elected as Director at Vestand Inc..","evidence_excerpt":"the stockholders approved the election to the board of directors of Abe Lim, Jae-Hyo Seo and Sungjoon Chae.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"0f729cd2f79f56493cb7aba6dbcdf421a505602e","claim":"Vestand Inc.: Increased authorized shares of capital stock from 50,000,000 to 100,000,000.","evidence_excerpt":"the stockholders approved a proposal for an amendment to the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of the Company’s capital stock from 50,000,000 to 100,000,000 ( “ Authorized Share Increase Proposal ”)","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"e769dd70dc1402e60782e2d5dad2dbcb8ec5b36f","claim":"Vestand Inc.: Amended Charter Sections IV(d)(ii) (Class B Common Stock automatic conversion) and VII (stockholder meeting corporate action).","evidence_excerpt":"At the Special Meeting, the stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended (the “ Charter ”), to amend (i) Section IV (d) (ii) of the Charter relating to the automatic conversion provisions of the Class B shares of Common Stock, par value $0.0001 per share (“Class B Common Stock”), and (ii) Section VII of the Charter relating to corporate action taken at any annual or special meeting of the stockholders (the “ Charter Amendment Proposal ”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}