---
schema_version: "secwatch.filing_event.v1"
accession: "0001726978-23-000134"
form_type: "8-K"
ticker: "GSHD"
cik: "0001726978"
company_name: "Goosehead Insurance, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:40:19.210245+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Goosehead settles shareholder class action; amends Stockholders Agreement to add fiduciary duty override

## Summary
- Settlement adds provision allowing Board to bypass Class B veto if reasonably necessary to comply with fiduciary duties under Delaware law.
- Amended agreement narrows list of actions requiring Class B approval; Board must provide notice and hearing before overriding.
- Class B director nomination right clarified as non-exclusive; Board may decline to endorse nominees if inconsistent with fiduciary duties.
- Challenge to 75% director removal vote dropped; company maintains provision is valid under Delaware law.
- No monetary payment to class members; final approval hearing scheduled for February 16, 2024.

## SEC filing metadata
- accession: 0001726978-23-000134
- form_type: 8-K
- ticker: GSHD
- cik: 0001726978
- company_name: Goosehead Insurance, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1726978/000172697823000134/0001726978-23-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1726978/000172697823000134/gshd-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001726978-23-000134
- JSON: https://secwatch.observer/filing/0001726978-23-000134.json
- Plain text: https://secwatch.observer/filing/0001726978-23-000134.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.