{"schema_version":"secwatch.filing_event.v1","accession":"0001760965-26-000082","form_type":"8-K","ticker":"KTB","cik":"0001760965","company_name":"Kontoor Brands, Inc.","filed_at":"2026-11-06T22:09:47+00:00","discovered_at":"2026-11-06T22:12:00.180603+00:00","generated_at":"2026-11-06T22:12:05.675772+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Kontoor closes $750M Lee sale to Authentic Brands, nets $698.2M; plans $450M buyback","bullets":["Completed Nov 2, 2026 sale of all Lee stock to ABG-Storm LLC (Authentic Brands affiliate); $750M cash before adjustments, ~$698.2M received net.","Additional earnout up to $250M over five years on Lee performance; fair value estimated at $77.0M at closing.","Plans accelerated share repurchase of $400M plus $50M open-market buybacks; repurchased shares retired immediately.","Pro forma FY ended Jan 3, 2026 revenue $2.63B vs $3.38B combined; continuing-ops diluted EPS $2.68 vs $3.71 as reported.","Pro forma cash $754.4M at Oct 3, 2026; senior notes indenture requires net proceeds applied to debt or reinvested within 540 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001760965-26-000082","json":"https://secwatch.observer/filing/0001760965-26-000082.json","markdown":"https://secwatch.observer/filing/0001760965-26-000082.md","text":"https://secwatch.observer/filing/0001760965-26-000082.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1760965/000176096526000082/0001760965-26-000082-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1760965/000176096526000082/ktb-20261102.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-06T22:12:05.675772+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"}