{"schema_version":"secwatch.filing_event.v1","accession":"0001818383-25-000179","form_type":"8-K","ticker":"MAX","cik":"0001818383","company_name":"MediaAlpha, Inc.","filed_at":"2025-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.581884+00:00","generated_at":"2026-05-16T13:05:14.738972+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"MediaAlpha amends bylaws to update stockholder meeting procedures, eliminate litigation cost provision","bullets":["Board approved Amended and Restated By-Laws effective Dec 10, 2025; revisions include stockholder meeting procedures, voting standards, proxy limits.","Eliminated prior cap on number of proxies authorized by stockholders; changed adjournment voting standard to majority of votes cast.","Deleted Article XII regarding payment of litigation costs in certain actions; clarified director indemnification extends to fullest extent under Delaware law.","Removed references to Stockholder Agreement provisions no longer applicable; incorporated ministerial and technical changes."],"urls":{"canonical":"https://secwatch.observer/filing/0001818383-25-000179","json":"https://secwatch.observer/filing/0001818383-25-000179.json","markdown":"https://secwatch.observer/filing/0001818383-25-000179.md","text":"https://secwatch.observer/filing/0001818383-25-000179.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818383/000181838325000179/0001818383-25-000179-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818383/000181838325000179/max-20251210.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:05:14.738972+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":"f0f7e8c6a5eac02b09960987253a739558b1c081","claim":"MediaAlpha, Inc.: Amended and restated the bylaws to update stockholder meeting procedures, director election provisions, nomination requirements, indemnification, and other governance matters (effective 2025-12-10).","evidence_excerpt":"On December 10, 2025, the Board of Directors of MediaAlpha, Inc. (the “Company”) approved an amendment and restatement of the Company’s by-laws (as so amended and restated, the “Amended and Restated By-Laws”), which became effective the same day.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818383/000181838325000179/0001818383-25-000179-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2025-12-10"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}