---
schema_version: "secwatch.filing_event.v1"
accession: "0001805833-26-000044"
form_type: "8-K"
ticker: "SST"
cik: "0001805833"
company_name: "System1, Inc."
filed_at: "2026-07-24T13:07:17+00:00"
generated_at: "2026-07-24T13:07:50.798818+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# System1 closes debt exchange, issues Series A Preferred Stock to lenders

## Summary
- On July 23, 2026, System1 consummated a debt exchange and settlement transaction, issuing 39,250 Series A Cumulative Convertible Preferred Shares to participating lenders.
- Each Preferred Share has an initial stated value of $1,022.05, reflecting $1,000 per share plus accrued dividends from April 1, 2026.
- Stockholders approved the Share Issuance Proposal at the July 22 annual meeting with 6,714,340 votes for and 21,108 against.
- Robert Sharp was elected to the board by holders of a majority of Preferred Shares, effective July 23, 2026.
- Three Class I directors (Michael Blend, Caroline Horn, Taryn Naidu) were elected at the annual meeting; Deloitte ratified as auditor.

## SEC filing metadata
- accession: 0001805833-26-000044
- form_type: 8-K
- ticker: SST
- cik: 0001805833
- company_name: System1, Inc.
- filed_at: 2026-07-24T13:07:17+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.03, 5.03, 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805833/000180583326000044/0001805833-26-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805833/000180583326000044/sst-20260722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001805833-26-000044
- JSON: https://secwatch.observer/filing/0001805833-26-000044.json
- Plain text: https://secwatch.observer/filing/0001805833-26-000044.txt

## Key facts
- Executive change
  Robert Sharp was elected as director at System1, Inc..
  - Action: elected
  - Role: director
  source text: the holders of a majority of the outstanding Preferred Shares, acting by written consent pursuant to the Certificate of Designation, elected Robert Sharp to serve as a director of the Company, effective as of such date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805833/000180583326000044/0001805833-26-000044-index.htm

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