{
  "ticker": "DDS",
  "company": "Dillard's, Inc.",
  "cik": "0000028917",
  "exchange": "NYSE",
  "gics_sector": "Consumer Discretionary",
  "industry": "Consumer Discretionary",
  "logo_url": "https://www.google.com/s2/favicons?domain=dillards.com&sz=128",
  "from_state": "DE",
  "to_state": "TX",
  "effective_date_iso": "2025-08-31",
  "actual_effective_date_iso": "2025-08-31",
  "proposed_effective_date_iso": null,
  "source_confidence": "VERIFIED_EFFECTIVE",
  "is_legal_precedent": 0,
  "vote_mechanism": "MEETING",
  "approval_basis": "For \u00f7 outstanding voting power (DGCL \u00a7266 conversion)",
  "threshold_result": "PASSED",
  "event_type": "REINCORPORATION",
  "two_attempt_flag": 0,
  "prior_failed_vote_flag": 0,
  "governance_concession_redo_flag": 0,
  "subsequent_event_flag": 0,
  "subsequent_event_type": null,
  "subsequent_event_date_iso": null,
  "subsequent_event_note": null,
  "public_tier": "VERIFIED_TRACKER",
  "event_study_announcement_json": "{\"event_date\":\"2025-07-21\",\"event_tag\":\"announcement\",\"estimation_window\":\"2024-08-02 to 2025-07-18 (240 days)\",\"specifications\":[{\"name\":\"Synthetic control (9-donor Consumer Discretionary peer pool)\",\"day0_ar\":-0.022428173049013407,\"p_value\":null,\"p_label\":\"no inference (point estimate)\",\"extra\":{\"pre_rmspe\":0.022167222524275408,\"n_donors\":9,\"top_weights\":{\"TJX\":0.3834,\"M\":0.3008,\"KSS\":0.1445,\"AAP\":0.0608,\"FIVE\":0.057},\"r2_pre\":-0.9832578692427094}},{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":0.0034199663807920238,\"p_value\":0.8930204557546757,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.0006858206219923145,\"beta\":0.9527166873860116,\"r2\":0.19178754636293138}},{\"name\":\"Sector-augmented model (SPY + Consumer Discretionary ETF (XLY))\",\"day0_ar\":0.0023918608993967303,\"p_value\":0.9245566076522991,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.0006258661692163786,\"beta_mkt\":0.47385633674609795,\"beta_sector\":0.42235005280803406,\"r2\":0.2026994778401463},\"is_headline\":true},{\"name\":\"Matched pair (vs TJX, market-model-adjusted)\",\"day0_ar\":-0.0182297267017428,\"p_value\":0.5047748864587538,\"p_label\":\"two-sided p-value\",\"extra\":{\"se\":0.02733110119778723,\"t\":-0.6669956899950562}},{\"name\":\"Raw differential vs TJX\",\"day0_ar\":-0.01676105343617662,\"p_value\":null,\"p_label\":\"no inference\",\"extra\":{}}],\"robustness\":{\"pretrend_test\":{\"slope_pct_per_day\":0.0012334103912816359,\"p_slope\":0.638932808563651,\"verdict\":\"no_pretrend_detected\"},\"sign_test\":{\"n_same_direction\":7,\"n_total\":9,\"binomial_p_two_sided\":0.1796875},\"synth_fit\":{\"pearson_corr\":0.365329380522886,\"r_squared_levels\":-0.9832578692427094,\"durbin_watson\":1.8970293372876017}},\"per_window\":[],\"_source\":\"Source A: phase4v cohort runner (5 specs + robustness, 2026-04-28 yfinance pull); joined into data.json by phase5z_join_full_battery.py\",\"event_kind\":\"announcement\",\"t0_source_field\":\"announcement_date_iso\"}",
  "announcement_date_iso": "2025-07-21",
  "meeting_date_iso": "2025-08-19",
  "vote_result": "APPROVED",
  "status_label": "COMPLETED",
  "market_cap_usdmm": 9460.4,
  "bucket_class": "B1",
  "public_bucket_code": "C",
  "public_bucket_label": "Post-SB29 DExit completed (Texas)",
  "public_bucket_subcode": "C-TX",
  "panel_eligibility": "PANEL_A_post_SB29",
  "transaction_status": "COMPLETED",
  "audit_status": "VERIFIED_EDGAR",
  "audit_notes": "VERIFY: Dillard's effective 2025-08-31 [corrected to 2025-08-20] (post-SB 29); must be excluded from Panel B. | Effective date present but no Accession URL in v6 rev78; retrieve from EDGAR. | [2026-04-28] Phase 4I: replaced Google-search IR fallback with direct URL https://investor.dillards.com/ | [2026-04-28] Phase 4K: corrected dates that were off by 3+ months (ann 2025-03-14 -> 2025-07-21; meeting 2025-05-17 -> 2025-08-19; eff 2025-08-31 [corrected to 2025-08-20] -> 2025-08-20). Special Meeting 2025-08-19; certificate of conversion filed 2025-08-20. Record date 2025-07-25. Disclosed franchise-tax savings >$250K/yr. | [2026-04-28] Phase 4N: synthesized event_study_announcement_json from existing scalar CAR cells (phase4a_v2 join). Reviewer can extend with multi-spec analysis.\n[2026-04-28] phase5c: vote source 8-K 0001104659-25-080914 (2025-08-20, \u0394=1d) applied from EDGAR pull (status=AUTO_RESOLVED)\n[2026-04-28] phase5c: vote source 8-K 0001104659-25-080914 (2025-08-20, \u0394=1d) applied from EDGAR pull (status=AUTO_RESOLVED)\n[2026-04-29] phase5r: bucket 'C' -> 'B1' (DE->TX effective 2025-08-20 >= SB29 -> bucket B1)\n[2026-04-29] phase5u: row independently validated by external Reviewer (full-residual pass, 78/276 substantive answers); validations applied: V_DATE_ANN=CONFIRM; V_DATE_MEET=CONFIRM; V_DATE_EFF=CONFIRM; V_MECHANISM=CONFIRM; V_FROM_TO=CONFIRM; V_BUCKET=WRONG=B1; V_COHORT=CONFIRM_INCLUSION; primary-source URLs all under https://www.sec.gov/Archives/\n[2026-04-29] phase5v: row independently re-validated by external Reviewer (Round 4 full-residual pass, 85/276 substantive); all bucket and pending-status conclusions match v3.57\n[2026-04-29] phase5w: comprehensive validation by external reviewer across tranches v5 (4-version full residual walk, 269 substantive answers across 52 firms, 0 bucket drifts vs v3.58)\n[2026-04-29] phase5z: DDS effective date is 2025-08-20 (corrected); any prior reference to 2025-08-31 is superseded historical text | [2026-04-29] v3.74: actual_effective_date_iso 2025-08-20\u21922025-08-31 \u2014 per 8-K acc 0001104659-25-080914 cover (Effective Time Aug 31 10:59pm CT). Aug 20 was certificate-of-conversion filing date. | [2026-04-29] v3.75: VERIFIED via 8-K Item 5.07 (acc 0001104659-25-080914): 12.8M for / 1.5M against / ~2,300 abstain. Class A (11.6M outstanding @1 vote) + Class B (3.99M outstanding @1 vote). DGCL \u00a7266 conversion \u2192 majority of outstanding voting power. Effective Aug 31, 2025 10:59 PM CT.",
  "edgar_accession": "0001104659-25-080914",
  "edgar_accession_note": null,
  "links": [
    {
      "label": "IR",
      "url": "https://investor.dillards.com/",
      "link_type": "ir"
    },
    {
      "label": "EDGAR",
      "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000028917&type=&dateb=&owner=include&count=40",
      "link_type": "search"
    },
    {
      "label": "Proxy",
      "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000028917&type=DEF+14A&dateb=&owner=include&count=40",
      "link_type": "search"
    }
  ],
  "car": {
    "value": -0.01013262635617929,
    "pvalue": 0.9411764705882353,
    "significant_5pct": 0,
    "specification": "synthetic_control",
    "event_date": "2025-08-19",
    "event_tag": "primary",
    "confound": "MEDIUM",
    "placebo_ratio": 0.9876346196493379,
    "pre_rmspe": 0.01889797673077593,
    "source": "Event_Studies/results/per_firm_event_study.csv",
    "status": "ESTIMATED",
    "bhar_3mo": 0.144024,
    "bhar_6mo": 0.181923,
    "pooled_3primary": -0.01489716724103895,
    "t0_a": -0.07347361704646238,
    "t0_b": 0.02028776939616556,
    "t0_c": 0.03828868040925787,
    "announce": {
      "value": -0.01013262635617929,
      "pvalue": 0.9411764705882353,
      "specification": "synthetic_control",
      "event_date": "2025-08-19"
    },
    "vote": {
      "value": 0.02028776939616556,
      "pvalue": null,
      "specification": "panel_A_T0_vote",
      "event_date": null
    }
  },
  "votes_for": null,
  "votes_against": null,
  "votes_abstain": null,
  "votes_broker_nonvote": null,
  "approval_pct": null,
  "votes_for_disinterested": null,
  "votes_against_disinterested": null,
  "votes_abstain_disinterested": null,
  "votes_broker_nonvote_disinterested": null,
  "approval_pct_disinterested": null,
  "approval_basis_disinterested": null,
  "announcement_PRE_14A_accession": null,
  "announcement_PRE_14A_url": null,
  "vote_source_8k_accession": "0001104659-25-080914",
  "vote_source_8k_url": "https://www.sec.gov/Archives/edgar/data/28917/000110465925080914/tm2524002d1_8k.htm",
  "vote_proposal_title": null,
  "meeting_type": null,
  "approval_standard": "majority of the voting power of the outstanding stock entitled to vote (DGCL \u00a7266 conversion)",
  "companion_proposal": null,
  "proxy_advisors": null,
  "management_response": null,
  "press_coverage": [],
  "prior_vote": null,
  "panel_a_tx_incumbent": 0,
  "panel_b_dexit_mover": 1,
  "texas_statutory_adoptions": {
    "tboc_21_552": {
      "name": "SB 29 \u2014 TBOC \u00a721.552 derivative threshold",
      "adopted": 1,
      "source": "8-K 0001104659-25-080914 (effective Aug 31 2025); TX Charter & bylaws",
      "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000028917&type=8-K",
      "date": null
    },
    "tboc_21_373": {
      "name": "SB 1057 \u2014 TBOC \u00a721.373 shareholder-proposal threshold",
      "adopted": null,
      "source": null,
      "url": null,
      "date": null
    }
  },
  "event_study_outcome_json": "{\"event_date\":\"2025-09-02\",\"event_kind\":\"outcome\",\"event_tag\":\"outcome\",\"t0_source_field\":\"actual_effective_date_iso\",\"estimation_window\":\"trailing 240 days; 240 valid after NaN drop\",\"specifications\":[{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":0.04442815288733375,\"p_value\":0.06592805547474012,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.0016272340864120583,\"beta\":1.0717021483515716,\"r2\":0.23735593656238874,\"sigma\":0.02408883688893193},\"is_headline\":true}],\"_meta\":{\"n_valid_pre_days\":240},\"_source\":\"Source B: phase4v3 NaN-safe runner (outcome/vote window, 2026-04-29 yfinance pull); joined by phase5z_join_full_battery.py\"}",
  "announcement_source_type": null,
  "announcement_accession_verified": "N",
  "date_quality_flag": "LOW",
  "controlled": 0,
  "controller_pct_voting_power": null,
  "controller": null,
  "controller_source": "Large-cap, widely held",
  "event_study_longrun_json": "{\"event_kind\":\"longrun\",\"event_date\":\"2025-08-31\",\"t0_source_field\":\"actual_effective_date_iso\",\"horizons\":[{\"label\":\"BHAR_21d\",\"lay_label\":\"1 month\",\"horizon_days\":21,\"n_days_available\":21,\"bhar_vs_spy\":0.118067801641905,\"bhar_vs_sector\":0.11777431300404162,\"sector_etf\":\"XLY\",\"patell\":{\"car\":0.09385109388589968,\"z\":0.81618260006911,\"p_value\":0.41439570701846207,\"n\":21}},{\"label\":\"BHAR_63d\",\"lay_label\":\"3 months\",\"horizon_days\":63,\"n_days_available\":63,\"bhar_vs_spy\":0.19566539213438006,\"bhar_vs_sector\":0.23587241352309718,\"sector_etf\":\"XLY\",\"patell\":{\"car\":0.12525620630918216,\"z\":0.6289072764787572,\"p_value\":0.5294097620277838,\"n\":63}},{\"label\":\"BHAR_126d\",\"lay_label\":\"6 months\",\"horizon_days\":126,\"n_days_available\":126,\"bhar_vs_spy\":0.1378536294291559,\"bhar_vs_sector\":0.2079279854327506,\"sector_etf\":\"XLY\",\"patell\":{\"car\":0.03256778300751479,\"z\":0.11562734765732394,\"p_value\":0.9079478879779472,\"n\":126}},{\"label\":\"BHAR_252d\",\"lay_label\":\"12 months\",\"horizon_days\":252,\"n_days_available\":167,\"bhar_vs_spy\":null,\"bhar_vs_sector\":null,\"sector_etf\":\"XLY\",\"patell\":null}],\"calendar_time_alpha\":{\"vs_spy\":{\"alpha_daily\":0.00016109421080419363,\"alpha_annualized\":0.041427607731711946,\"t_stat\":0.10405312108649865,\"p_value\":0.9171271927896494,\"n_days\":167,\"se_type\":\"Newey-West HAC, lag=5\"},\"vs_sector\":{\"alpha_daily\":0.0005693126885875472,\"alpha_annualized\":0.1542213655807947,\"t_stat\":0.3722877260584188,\"p_value\":0.7096786361119032,\"n_days\":167,\"se_type\":\"Newey-West HAC, lag=5\"}},\"estimation_window\":\"trailing 240 days; market-model alpha+beta for Patell-z baseline\",\"_meta\":{\"n_post_days_available\":167,\"elapsed_days\":242,\"as_of\":\"2026-04-30\"},\"_source\":\"phase5z_compute_longrun.py; yfinance pull at run time\"}",
  "_evidence_strength": {
    "badge": "SILVER",
    "score": 75,
    "max": 100,
    "components": {
      "source_confidence": 30,
      "vote_totals": 0,
      "effective_date": 20,
      "car_estimate": 10,
      "edgar_accession": 15
    }
  },
  "_context_callout": "Standard cohort firm (Completed). Included for breadth across destinations and sectors.",
  "_generated_at": "2026-04-30"
}