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Grounded Event Extraction from SEC 8-K Filings with a Fine-Grained Taxonomy

Author

Listed:
  • Rian Dolphin
  • Joe Dursun
  • Jarrett Blankenship
  • Katie Adams
  • Quinton Pike

Abstract

Form 8-K filings are the primary channel through which U.S. public companies disclose material events, but the SEC item codes attached to them are coarse: a single item spans routine administrative changes and chief executive departures, and many of the most market-moving disclosures fall into a catch-all item. Large language models make fine-grained labelling feasible at corpus scale, but only if the labels can be traced to the source text and shown to be reliable. We present a two-stage system that tags 8-K disclosures against a three-tier taxonomy of 119 event types. The first stage constrains output to valid taxonomy entries and anchors every tag to a verbatim quote via fuzzy n-gram validation; the second re-grades each cited quote against the category definition to produce a quality score. Applying the system to 292,984 filings from 2022 to 2026 yields 601,088 grounded event tags, which we release. Over 5,125 stratified tags, an LLM judge finds precision rises monotonically with the quality score, from 12% to 96%, while unsupported tags fall from 8% to near zero. Ablation shows the score is calibrated only when assigned in a dedicated second pass. An event study on unsigned abnormal returns confirms, without any language model, that the taxonomy separates economically distinct events sharing an item code.

Suggested Citation

  • Rian Dolphin & Joe Dursun & Jarrett Blankenship & Katie Adams & Quinton Pike, 2026. "Grounded Event Extraction from SEC 8-K Filings with a Fine-Grained Taxonomy," Papers 2607.08346, arXiv.org.
  • Handle: RePEc:arx:papers:2607.08346
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    References listed on IDEAS

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