{ "ticker": "TEM", "company": "Tempus AI, Inc.", "cik": "0001717115", "exchange": null, "gics_sector": "Health Care", "industry": "Health Care", "logo_url": "https://www.google.com/s2/favicons?domain=tempus.com&sz=128", "from_state": "DE", "to_state": "NV", "effective_date_iso": "2025-08-07", "actual_effective_date_iso": "2025-08-07", "proposed_effective_date_iso": null, "source_confidence": "VERIFIED_VOTE", "is_legal_precedent": 0, "vote_mechanism": "MEETING", "approval_basis": "For \u00f7 outstanding voting power (DGCL \u00a7266 conversion; Class A + Class B together as single class)", "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\": \"2025-03-28\", \"event_tag\": \"announcement\", \"estimation_window\": \"\\u2014\", \"specifications\": [{\"name\": \"panel_A_T0_announcement\", \"day0_ar\": 0.2300729292447637, \"p_value\": null, \"p_label\": \"p-value (Patell-z or bootstrap)\", \"is_headline\": false, \"extra\": {}, \"headline_excluded_reason\": \"Heterogeneous spec relative to cohort headline (single-factor SPY market model). TEM IPO'd June 2024; only ~195 valid pre-event days vs the 204-day estimation-window threshold. Set headline=false v3.84-rev5c per external reviewer's replication finding (headline mean swung +48 bp when TEM was incorrectly headline-flagged).\"}], \"robustness\": {}, \"per_window\": [], \"_source\": \"phase4n synthesized from scalar CAR cells (phase4a_v2 join). For multi-spec analyses, see firm-specific bespoke files (e.g. /Exxon/dexit-tracker/ for XOM).\"}", "announcement_date_iso": "2025-03-28", "meeting_date_iso": "2025-05-20", "vote_result": "APPROVED", "status_label": "COMPLETED", "market_cap_usdmm": 9840.0, "bucket_class": "B2", "public_bucket_code": "C", "public_bucket_label": "Post-SB29 DExit completed (Nevada)", "public_bucket_subcode": "C-NV", "panel_eligibility": "PANEL_A_post_SB29", "transaction_status": "COMPLETED", "audit_status": "VERIFIED", "audit_notes": "Phase 3F: cleared future meeting_date_iso=2026-06-04 \u2014 firm already moved (eff_date=2025-05-23); the future date was the next annual meeting at the new domicile, not the reincorporation vote. | Phase 3F vote-result inferred APPROVED from status=COMPLETED + populated eff date (2025-05-23). Original vote_result was 'SCHEDULED'. Verify with 8-K if uncertain. | [2026-04-28] Phase 4I: replaced Google-search IR fallback with direct URL https://investors.tempus.com/ | [2026-04-28] Phase 4K: corrected year error (announcement 2026-04-02 -> 2025-03-28). Annual meeting 2025-05-20; eff 2025-08-07 11:59pm ET. Class B 30-vote founder-control structure relevant for governance analysis. | [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. | [2026-04-28] Phase 4Q: audit_status PENDING_TRANSACTION -> VERIFIED. Effective 2025-08-07.\n[2026-04-28] phase5c: vote source 8-K 0001193125-25-125425 (2025-05-23, \u0394=3d) applied from EDGAR pull (status=AUTO_RESOLVED)\n[2026-04-28] phase5c: vote source 8-K 0001193125-25-125425 (2025-05-23, \u0394=3d) applied from EDGAR pull (status=AUTO_RESOLVED)\n[2026-04-29] phase5r: bucket 'D' -> 'B2' (DE->NV effective 2025-08-07 >= SB29 -> bucket B2)\n[2026-04-29] phase5w: comprehensive validation by external reviewer across tranches v3 (4-version full residual walk, 269 substantive answers across 52 firms, 0 bucket drifts vs v3.58) | [2026-04-29] v3.75: VERIFIED via 8-K Item 5.07 \u2014 annual meeting May 20, 2025; effective Aug 7, 2025. Class A + Class B vote together as single class. DGCL \u00a7266 conversion. Board retained discretion to abandon despite shareholder approval (executed). Item 5.07 vote-tallies pincite pending. | v3.84-rev5c [2026-04-30]: TEM is_headline=false on panel_A_T0_announcement spec. Headline cohort statistics now exclude TEM (n=47 with headline AR; +0.26% bug fixed to -0.22%). TEM remains in the cohort for descriptive purposes; not used in the announcement-day headline.", "edgar_accession": null, "edgar_accession_note": null, "links": [ { "label": "IR", "url": "https://investors.tempus.com/", "link_type": "ir" }, { "label": "EDGAR", "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001717115&type=&dateb=&owner=include&count=40", "link_type": "search" }, { "label": "Proxy", "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001717115&type=DEF+14A&dateb=&owner=include&count=40", "link_type": "search" } ], "car": { "value": 0.2899949425218642, "significant_5pct": 0, "specification": "panel_A_pooled_3primary", "source": "05_REVIEWER_AUDIT_PACKAGE/code/panelA_CAR_BHAR_matrix_v2.3.csv", "status": "ESTIMATED", "bhar_3mo": -1.151465, "bhar_6mo": -1.699542, "pooled_3primary": 0.2899949425218642, "t0_a": 0.2300729292447637, "t0_b": 0.179591634946012, "t0_c": -0.1196696216689115, "announce": { "value": 0.2300729292447637, "pvalue": null, "specification": "panel_A_T0_announcement", "event_date": null }, "vote": { "value": 0.179591634946012, "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": "0001193125-25-125425", "vote_source_8k_url": "https://www.sec.gov/Archives/edgar/data/1717115/000119312525125425/d936615d8k.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": 0, "source": null, "url": null, "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\":\"2025-08-07\",\"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\":0.05956087635627128,\"p_value\":0.361417043980929,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.0005836897502149538,\"beta\":2.791134660016022,\"r2\":0.22792848280940248,\"sigma\":0.0651227580058012},\"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", "event_study_longrun_json": "{\"event_kind\":\"longrun\",\"event_date\":\"2025-08-07\",\"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\":0.33945543707064574,\"bhar_vs_sector\":0.2971573486126149,\"sector_etf\":\"XLV\",\"patell\":{\"car\":0.23632638908832396,\"z\":0.822763718136845,\"p_value\":0.41064237277936755,\"n\":21}},{\"label\":\"BHAR_63d\",\"lay_label\":\"3 months\",\"horizon_days\":63,\"n_days_available\":63,\"bhar_vs_spy\":0.3257410788442121,\"bhar_vs_sector\":0.26618518919419976,\"sector_etf\":\"XLV\",\"patell\":{\"car\":0.12592027493981905,\"z\":0.25310338226501305,\"p_value\":0.8001883252896118,\"n\":63}},{\"label\":\"BHAR_126d\",\"lay_label\":\"6 months\",\"horizon_days\":126,\"n_days_available\":126,\"bhar_vs_spy\":-0.16378864856677555,\"bhar_vs_sector\":-0.2984861878070727,\"sector_etf\":\"XLV\",\"patell\":{\"car\":-0.3551091847932736,\"z\":-0.5047184643131342,\"p_value\":0.6137565904923181,\"n\":126}},{\"label\":\"BHAR_252d\",\"lay_label\":\"12 months\",\"horizon_days\":252,\"n_days_available\":183,\"bhar_vs_spy\":null,\"bhar_vs_sector\":null,\"sector_etf\":\"XLV\",\"patell\":null}],\"calendar_time_alpha\":{\"vs_spy\":{\"alpha_daily\":-0.002266961896273424,\"alpha_annualized\":-0.4355609691406823,\"t_stat\":-0.8592852443928717,\"p_value\":0.3901831629637318,\"n_days\":183,\"se_type\":\"Newey-West HAC, lag=5\"},\"vs_sector\":{\"alpha_daily\":-0.001470426635924608,\"alpha_annualized\":-0.3098319850289726,\"t_stat\":-0.5195610673582008,\"p_value\":0.6033695394787416,\"n_days\":183,\"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\":183,\"elapsed_days\":266,\"as_of\":\"2026-04-30\"},\"_source\":\"phase5z_compute_longrun.py; yfinance pull at run time\"}", "_evidence_strength": { "badge": "SILVER", "score": 55, "max": 100, "components": { "source_confidence": 25, "vote_totals": 0, "effective_date": 20, "car_estimate": 10, "edgar_accession": 0 } }, "_context_callout": "Standard cohort firm (Completed). Included for breadth across destinations and sectors.", "_generated_at": "2026-04-30" }