{"schema_version":"secwatch.filing_event.v1","accession":"0002051820-25-000176","form_type":"8-K","ticker":"MLCI","cik":"0002051820","company_name":"Mount Logan Capital Inc.","filed_at":"2025-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.475535+00:00","generated_at":"2026-05-16T12:10:45.514354+00:00","sec_items":["7.01","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"confidence":"high","headline":"Mount Logan Capital updates TURN portfolio exit and discloses employee misconduct investigation","bullets":["Business combination with 180 Degree Capital closed Sept 12; legacy TURN portfolio reduced from 6 to 3 positions, appreciated $2M; full exit expected by H1 2026.","Capital allocation priorities: potential tender offer, stock repurchases, funding Ability insurance growth, and asset management expansion.","Former employee misconduct discovered Oct 2025; ML Management ended relationship; independent investigation ongoing.","Repaid ~$690k (incl. interest) to one portfolio company; additional potential misappropriation up to $180k; may compensate fund for fees up to $1.35M.","Self-reported to SEC; company believes isolated and does not impact core strategic initiatives."],"urls":{"canonical":"https://secwatch.observer/filing/0002051820-25-000176","json":"https://secwatch.observer/filing/0002051820-25-000176.json","markdown":"https://secwatch.observer/filing/0002051820-25-000176.md","text":"https://secwatch.observer/filing/0002051820-25-000176.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2051820/000205182025000176/0002051820-25-000176-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2051820/000205182025000176/yukon-20251229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:10:45.514354+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"}