{"schema_version":"secwatch.filing_event.v1","accession":"0001856437-25-000013","form_type":"8-K","ticker":"VSCO","cik":"0001856437","company_name":"Victoria's Secret & Co.","filed_at":"2025-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.196749+00:00","generated_at":"2026-05-21T00:28:32.386419+00:00","sec_items":["1.01","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Victoria's Secret adopts one-year poison pill after BBRC accumulates 13% stake","bullets":["Rights plan triggers at 15% (20% for passive) ownership; expires May 18, 2026.","BBRC International (Brett Blundy) holds ~13%; HSR corrective filing allows up to 49.99% after May 21, 2025.","Board cites BBRC's history of acquiring control in retail and launch of competing lingerie brand.","If triggered, other holders can buy shares at 50% discount; plan has no dead-hand provision."],"urls":{"canonical":"https://secwatch.observer/filing/0001856437-25-000013","json":"https://secwatch.observer/filing/0001856437-25-000013.json","markdown":"https://secwatch.observer/filing/0001856437-25-000013.md","text":"https://secwatch.observer/filing/0001856437-25-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856437/000185643725000013/0001856437-25-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856437/000185643725000013/vsco-20250519.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T00:28:32.386419+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":"648fc354490bdb351522c17dd2d3e360376f88b5","claim":"Victoria's Secret & Co.: Filed Certificate of Designations of Series A Preferred Stock with the Delaware Secretary of State in connection with the adoption of a Rights Agreement (effective 2025-05-20).","evidence_excerpt":"In connection with the adoption of the Rights Agreement, on May 20, 2025, the Company filed a Certificate of Designations of Series A Preferred Stock with the Secretary of State of the State of Delaware.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856437/000185643725000013/0001856437-25-000013-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-05-20"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}