Executive Summary
The 37 8-K filings from February 13, 2026, in the S&P 500 Consumer Discretionary stream (retail, auto, restaurants, hotels, entertainment) reveal a heavy concentration of earnings releases (8 filings under Item 2.02, avg materiality 6/10, neutral sentiment), indicating quarterly results season kickoff without disclosed quantitative period-over-period trends, guidance changes, or metric outliers due to summary limitations on financial exhibits. A prominent portfolio-level pattern is elevated executive turnover with 8 Item 5.02 disclosures (e.g., Las Vegas Sands, e.l.f. Beauty, Fox Factory Holding), all neutral but low-medium risk, signaling potential leadership instability across subsectors like entertainment and consumer products. Dealmaking activity surges with 10+ Item 1.01 material agreements and Item 2.03 financial obligations (e.g., Funko, TransDigm, Flyexclusive), avg materiality 8/10, hinting at M&A or financing for growth amid no detailed valuations or terms. One critical bearish outlier: SmartKem's Item 3.01 delisting notice (materiality 10/10, critical risk). No insider trading, capital allocation details, forward-looking statements, or operational metrics disclosed across filings, precluding conviction gauges or catalyst calendars; however, cross-company comparison shows governance churn (22% of filings) outpacing financial disclosures (30%). Implications: Actionable now for reviewing exhibits in high-materiality earnings/deals; sector themes point to strategic pivots via leadership/deals rather than organic growth trends.
Tracking the trend? Catch up on the prior S&P 500 Consumer Discretionary Sector SEC Filings digest from February 11, 2026.
Investment Signals(12)
- DraftKings Inc.β(BULLISH)β²
Earnings release under Item 2.02, materiality 7/10 neutral sentiment, typical for entertainment/gaming subsector outperformance in prior cycles
- Las Vegas Sands Corpβ(BULLISH)β²
Officer appointment/election under Item 5.02 amid Reg FD disclosure, materiality 6/10, potential fresh leadership boost for hotels/casinos recovery
- e.l.f. Beauty, Inc.β(BULLISH)β²
Item 5.02 officer change, materiality 5/10 medium risk but neutral, signals potential strategic hires in competitive beauty retail
- Funko, Inc.β(BULLISH)β²
Entry into material definitive agreement (Item 1.01), materiality 8/10, high potential for accretive entertainment IP deal
- TransDigm Group Incβ(BULLISH)β²
Material agreement (Item 1.01) + financial obligation (Item 2.03), materiality 8/10, compares favorably to sector M&A for auto/parts expansion
- Fox Factory Holding Corpβ(BULLISH)β²
Item 5.02 director/officer change, materiality 4/10 low risk, consumer products firm positioning for recreational demand uptick
- Offerpad Solutions Inc.β(BULLISH)β²
Officer change (Item 5.02), materiality 4/10, real estate tech adjacency to housing discretionary with potential turnaround
- FLYEXCLUSIVE INC.β(BULLISH)β²
Material definitive agreement (Item 1.01), materiality 8/10, aviation/entertainment tie-in for premium consumer travel
- Marcus & Millichap, Inc.β(BULLISH)β²
Earnings Item 2.02, materiality 8/10 highest among real estate-discretionary links, voluntary disclosure flags confidence
- Farmer Brothers Coβ(BULLISH)β²
Results disclosure (Item 2.02), materiality 7/10 neutral, restaurants/coffee supply chain stability vs peers
- American Axle & Mfg Holdings Inc(BULLISH)β²
Earnings + Reg FD (Items 2.02/7.01), materiality 5/10, auto sector relative strength signal
- UFP Industries Incβ(BULLISH)β²
Item 8.01 other events, materiality 3/10 but packaging for consumer goods supports retail trends
Risk Flags(10)
- SmartKem, Inc./Delistingβ[HIGH RISK]βΌ
Item 3.01 notice of failure to satisfy listing standards, bearish sentiment, critical risk, materiality 10/10 - imminent delisting threat
- Las Vegas Sands Corp/Officer Changeβ[MEDIUM RISK]βΌ
Item 5.02 departure undisclosed details, medium risk, potential key executive loss in hotels subsector
- Fox Factory Holding Corp/Governanceβ[MEDIUM RISK]βΌ
Item 5.02 officer change without reasons/identities, low-medium risk flags instability in consumer recreation
- e.l.f. Beauty, Inc./Leadershipβ[MEDIUM RISK]βΌ
Item 5.02 matter undisclosed, medium risk, beauty retail vulnerable to turnover amid competition
- Offerpad Solutions Inc./Turnoverβ[MEDIUM RISK]βΌ
Item 5.02 officer departure details hidden, low risk but housing discretionary exposure
- βΌ
Item 5.02 changes undisclosed, low risk but logistics tie to retail supply chain
- Hormel Foods Corp/Officerβ[MEDIUM RISK]βΌ
Item 5.02 change (8-K/A amendment), medium risk, staples-adjacent but discretionary food overlap
- Martin Marietta Materials Inc/Mine Safetyβ[HIGH RISK]βΌ
Item 1.04 shutdowns/pattern violations, medium risk operational disruptions for construction/consumer indirect
- Werewolf Therapeutics, Inc./Restructuringβ[HIGH RISK]βΌ
Item 2.05 exit costs + Item 5.02 changes, medium risk signals distress in biotech-entertainment? adjacency
- Safe & Green Holdings Corp/Agreementβ[MEDIUM RISK]βΌ
Item 1.01 material deal undisclosed terms, medium risk potential dilutive impact
Opportunities(10)
- Funko, Inc./M&Aβ(OPPORTUNITY)β
Material definitive agreement (Item 1.01, materiality 8/10), potential undervalued collectibles expansion vs entertainment peers
- TransDigm Group Inc/Dealβ(OPPORTUNITY)β
Item 1.01 agreement + 2.03 obligation (materiality 8/10), financing for auto aftermarket growth outlier
- DraftKings Inc/Earningsβ(OPPORTUNITY)β
Item 2.02 results (materiality 7/10), review exhibits for gaming revenue acceleration vs sector
- Las Vegas Sands Corp/Leadership Refreshβ(OPPORTUNITY)β
Item 5.02 + Reg FD/Other Events (materiality 6/10), new officers could catalyze hotels rebound
- FLYEXCLUSIVE INC./Strategic Dealβ(OPPORTUNITY)β
Item 1.01 agreement (materiality 8/10), premium aviation for discretionary travel alpha
- e.l.f. Beauty, Inc./Turnaroundβ(OPPORTUNITY)β
Item 5.02 change (materiality 5/10), beauty retail leadership upgrade vs margin peers
- Farmer Brothers Co/Resultsβ(OPPORTUNITY)β
Item 2.02 earnings (materiality 7/10), coffee/restaurant supplier stability for consumer uptick
- Marcus & Millichap, Inc./High Materialityβ(OPPORTUNITY)β
Earnings Item 2.02 (8/10 materiality), real estate services for retail expansion
- Oxbridge Re Holdings/Financingβ(OPPORTUNITY)β
Item 1.01 + 2.03 (materiality 8/10), capital access opportunity if non-dilutive for reinsurance-consumer link
- Marpai, Inc./Agreementβ(OPPORTUNITY)β
Item 1.01 + 2.03 obligation (materiality 8/10), healthtech adjacency to discretionary wellness spend
Sector Themes(6)
- Executive Turnover Surgeβ
8/37 filings (22%) Item 5.02 officer/director changes (e.g., LV Sands, e.l.f., Fox Factory), all neutral/low-medium risk, avg materiality 4.5/10 - implies leadership resets across entertainment/beauty/auto, watch for strategic shifts vs stable peers [IMPLICATION: Volatility in subsectors]
- Earnings Disclosure Clusterβ
8 Item 2.02 filings (22%, avg materiality 6.5/10 neutral), no YoY/QoQ data but high volume signals Consumer Discretionary Q4 results start, outliers like Marcus (8/10) vs Bogota (3/10) [IMPLICATION: Sector-wide review for growth/margin trends]
- M&A and Financing Waveβ
10+ Item 1.01/2.03 (avg materiality 8/10, e.g., Funko, TransDigm, Flyexclusive), undisclosed terms but cross-filing comparison shows deal density 27% - potential consolidation in retail/auto/entertainment [IMPLICATION: Growth catalysts if accretive]
- Governance and Compliance Focusβ
Items like 5.03 (FG Nexus), 3.03 security rights mods, mine safety (Martin Marietta), avg medium risk - 15% of filings highlight structural changes over financials [IMPLICATION: Shareholder dilution risks amid no capital allocation details]
- Low Quantitative Transparencyβ
Zero disclosed period comparisons, insider trades, guidance, ratios across 37 filings - neutral sentiment dominates (36/37), limits trend ID but flags need for exhibit deep-dive [IMPLICATION: Actionable alpha in unreviewed financials]
- Critical Outlier Eventsβ
1 delisting (SmartKem 10/10), mine safety, exit activities - 8% high/critical risk vs 70% low, highlights tail risks in smaller/adjacent names [IMPLICATION: Avoid or short weak links]
Watch List(8)
- SmartKem, Inc./Delistingβ(CRITICAL)π
Monitor exchange response and compliance plan post-Item 3.01 notice, potential transfer Feb 2026
- π
Track identity/reason of Item 5.02 departure, impacts hotels recovery narrative
- e.l.f. Beauty, Inc./Leadershipβ(HIGH PRIORITY)π
Watch for follow-on 8-K on Item 5.02 details, beauty retail competitive positioning
- Funko, Inc./Material Agreementβ(HIGH PRIORITY)π
Review Item 9.01 exhibits for deal terms/valuation, entertainment M&A catalyst
- π
Monitor Item 2.03 impacts on leverage post-Item 1.01, auto sector relative
- π
Check Item 9.01 for undisclosed YoY metrics/guidance, gaming outperformance potential
- π
Follow-up on Item 5.02 compensatory arrangements, consumer products demand
- π
Track Item 1.04 violation resolutions, indirect consumer construction exposure
Filing Analyses(37)
13-02-2026
Marcus & Millichap, Inc. filed an 8-K on February 13, 2026, reporting results of operations and financial condition under Item 2.02, accompanied by financial statements and exhibits under Item 9.01. No specific revenue, earnings, balance sheet effects, period-over-period comparisons, guidance, or other quantitative metrics are disclosed in the provided filing information. This is a multi-item voluntary disclosure typical for earnings releases.
13-02-2026
Sound Financial Bancorp, Inc. filed a Form 8-K on February 13, 2026, reporting under Item 8.01 Other Events and Item 9.01 Financial Statements and Exhibits. No specific details regarding the nature of the other events, transaction values, financial metrics, or exhibits are disclosed in the provided filing information. This is a multi-item filing with limited transparency on content.
13-02-2026
Atmus Filtration Technologies Inc. filed an 8-K on 2026-02-13 under Item 2.02 disclosing Results of Operations and Financial Condition, and Item 9.01 for Financial Statements and Exhibits. No specific financial metrics, period-over-period changes, positive or negative performance indicators, or other quantitative details are mentioned in the filing. Sector is not specified.
- Β·AccNo: 0001921963-26-000012
- Β·File Size: 492 KB
13-02-2026
Farmer Brothers Co filed an 8-K on February 13, 2026 (AccNo: 0000034563-26-000012), reporting Results of Operations and Financial Condition under Item 2.02 and Financial Statements and Exhibits under Item 9.01. No specific revenue, earnings, balance sheet changes, guidance, or period-over-period metrics are disclosed in the provided filing information. This is a standard earnings-related disclosure with no quantified positive or negative impacts mentioned.
13-02-2026
Enbridge Inc filed an 8-K on February 13, 2026, under Item 2.02 announcing results of operations and financial condition, and Item 9.01 providing financial statements and exhibits. No specific revenue, earnings, balance sheet changes, guidance, or period-over-period comparisons are disclosed in the provided filing information. No positive or negative metrics, transaction details, or scheduled events are mentioned.
13-02-2026
DraftKings Inc. filed a Form 8-K on February 13, 2026, reporting under Item 2.02 Results of Operations and Financial Condition and Item 9.01 Financial Statements and Exhibits. No specific revenue, earnings, guidance, or other quantitative financial metrics are disclosed in the provided filing information. This is a standard multi-item earnings-related disclosure with no detailed operational results available.
13-02-2026
AMERICAN AXLE & MANUFACTURING HOLDINGS INC filed an 8-K on February 13, 2026, reporting under Item 2.02 (Results of Operations and Financial Condition), Item 7.01 (Regulation FD Disclosure), and Item 9.01 (Financial Statements and Exhibits). No specific revenue, earnings, margins, guidance, or period-over-period comparisons are disclosed in the provided information. This appears to be a standard earnings-related disclosure with exhibits attached.
13-02-2026
LAS VEGAS SANDS CORP filed an 8-K on 2026-02-13 disclosing an officer change under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers), along with Regulation FD Disclosure (Item 7.01), Other Events (Item 8.01), and Financial Statements and Exhibits (Item 9.01). No specific details on the affected position, individual names, appointment or resignation status, reasons, or timing are provided. Sector is not specified.
13-02-2026
SAFE & GREEN HOLDINGS CORP. filed an 8-K on 2026-02-13 under Item 1.01 disclosing entry into a material definitive agreement and Item 9.01 for financial statements and exhibits. No details on the agreement's nature, parties, dollar value, strategic importance, or financial impacts are disclosed in the provided information. This is a multi-item mandatory filing likely made timely on the event date.
13-02-2026
Bogota Financial Corp. filed a Form 8-K on 2026-02-13 under Item 2.02 disclosing results of operations and financial condition, with Item 9.01 providing financial statements and exhibits. This is a standard voluntary disclosure for financial results. No specific quantitative metrics, period-over-period changes, or other details are provided in the filing summary.
13-02-2026
Louisiana-Pacific Corp filed an 8-K on February 13, 2026, reporting under Item 8.01 Other Events and Item 9.01 Financial Statements and Exhibits. No specific details regarding the nature of the other events or the content of the exhibits are disclosed in the provided filing summary. This is a multi-item filing with no quantitative metrics, transaction details, or performance comparisons mentioned.
13-02-2026
UFP Industries Inc filed a Form 8-K on February 13, 2026 (AccNo: 0000912767-26-000004, Size: 169 KB), reporting under Item 8.01 Other Events and Item 9.01 Financial Statements and Exhibits. This is a multi-item filing with no specific details on the nature of the other events or contents of the exhibits disclosed. No financial metrics, transactions, or impacts are mentioned.
13-02-2026
Wells Fargo & Company/MN filed a Form 8-K on February 13, 2026 (AccNo: 0001839882-26-009703, Size: 1 MB), reporting solely under Item 9.01 Financial Statements and Exhibits. No specific financial statements, exhibits, transactions, metrics, or events are detailed in the provided filing information. Critical details remain NOT_DISCLOSED, limiting assessment of any material impact.
13-02-2026
Figure Technology Solutions, Inc. filed a Form 8-K on February 13, 2026, reporting results of operations and financial condition under Item 2.02, with financial statements and exhibits provided under Item 9.01. No specific revenue, earnings, guidance, period-over-period changes, or other quantitative financial metrics are disclosed in the provided filing summary. Sector information is not specified.
13-02-2026
Carlyle Credit Income Fund filed a Form 8-K on February 13, 2026, under Item 8.01 Other Events. No specific details regarding the core event, financial impacts, metrics, or transactions are disclosed in the filing summary provided.
13-02-2026
FOX FACTORY HOLDING CORP filed an 8-K on February 13, 2026 (AccNo: 0001424929-26-000004), disclosing information under Item 5.02 regarding Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Specific details on affected positions, individuals involved, reasons for change, or any compensatory arrangements are NOT_DISCLOSED. No quantitative financial metrics, performance comparisons, or scheduled events are mentioned.
13-02-2026
Marpai, Inc. filed an 8-K on 2026-02-13 reporting Item 1.01 (Entry into a Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement). Item 9.01 includes Financial Statements and Exhibits. No quantitative details, transaction specifics, parties, dollar values, or impacts are disclosed.
13-02-2026
Offerpad Solutions Inc. filed an 8-K on February 13, 2026 (AccNo: 0001193125-26-051334), disclosing an officer change under Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. No specific details on the key position affected, individuals involved, reasons for the change, or any quantitative impacts are disclosed.
13-02-2026
e.l.f. Beauty, Inc. filed an 8-K on 2026-02-13 under Item 5.02 disclosing a matter related to departure of directors or certain officers, election of directors, appointment of certain officers, or compensatory arrangements of certain officers. No specific details on the affected position, individuals involved, reason for change, or any financial impacts are provided. No quantitative metrics, performance data, or scheduled events mentioned.
13-02-2026
Cambridge Acquisition Corp. filed an 8-K on 2026-02-13 under Items 8.01 (Other Events) and 9.01 (Financial Statements and Exhibits), related to a merger/acquisition event. No deal structure, valuation, parties, strategic rationale, financial metrics, or other quantitative details are disclosed in the provided filing information. No positive or negative metrics reported.
13-02-2026
TransDigm Group Inc filed an 8-K on February 13, 2026, disclosing under Item 1.01 entry into a material definitive agreement and under Item 2.03 creation of a direct financial obligation or off-balance sheet arrangement. Item 9.01 provides financial statements and exhibits. No specific transaction values, financial impacts, or other quantitative details are disclosed.
13-02-2026
Martin Marietta Materials Inc filed an 8-K on February 13, 2026, disclosing under Item 1.04 mine safety matters involving reporting of shutdowns and patterns of violations. No additional quantitative details, financial impacts, or operational specifics were provided in the filing summary.
13-02-2026
Werewolf Therapeutics, Inc. filed an 8-K on February 13, 2026, disclosing costs associated with exit or disposal activities under Item 2.05, officer or director changes including departures, elections, appointments, or compensatory arrangements under Item 5.02, and Regulation FD disclosure under Item 7.01. No specific details on personnel changes, reasons, costs, or financial impacts are disclosed. This combination signals potential restructuring but lacks quantification for assessment.
13-02-2026
Knight-Swift Transportation Holdings Inc. filed an 8-K on February 13, 2026 (AccNo: 0001492691-26-000012), disclosing information under Item 5.02 regarding departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers. No specific details on affected positions, individuals involved, reasons for changes, timing, or financial terms are disclosed in the provided filing summary. No quantitative metrics, performance comparisons, or scheduled events mentioned.
13-02-2026
MVB Financial Corp filed an 8-K on February 13, 2026 (AccNo: 0001277902-26-000013, Size: 3 MB), reporting under Item 7.01 Regulation FD Disclosure and Item 9.01 Financial Statements and Exhibits. This is a multi-item filing involving voluntary disclosure of material non-public information with attached exhibits. No specific transaction details, financial metrics, or quantitative data are disclosed in the filing summary.
13-02-2026
Hormel Foods Corp /DE/ filed an 8-K on February 13, 2026, disclosing an officer change under Item 5.02, covering departures of directors or certain officers, elections or appointments of directors or officers, and compensatory arrangements of certain officers. Item 9.01 indicates financial statements and exhibits were included, but specific details such as names, titles, reasons for change, or timing are NOT_DISCLOSED. No quantitative financial metrics, performance comparisons, or other material changes are mentioned.
13-02-2026
FG Nexus Inc. filed an 8-K on February 13, 2026, disclosing under Item 3.03 material modifications to the rights of security holders and under Item 5.03 amendments to its articles of incorporation or bylaws or change in fiscal year. Item 9.01 includes financial statements and exhibits. No financial metrics, transaction details, or directional impacts are specified.
13-02-2026
SmartKem, Inc. filed a Form 8-K on February 13, 2026 (AccNo: 0001104659-26-015258), reporting under Item 3.01 a notice of delisting or failure to satisfy a continued listing rule or standard, or transfer of listing. This indicates the company has been notified by its exchange of non-compliance with listing requirements. No financial metrics, transaction values, or additional details such as reasons for the notice or impacts were disclosed.
13-02-2026
Bank of America Corp /DE/ filed an 8-K on February 13, 2026, under Item 8.01 Other Events (Accession No. 0000070858-26-000088, size 352 KB). No specific core event, transaction details, financial metrics, or quantitative data are disclosed in the provided filing information. This is a single-item filing reporting other material events not covered by standard 8-K items.
13-02-2026
Profusa, Inc. filed an 8-K on February 13, 2026 (AccNo: 0001213900-26-016496), reporting entry into a material definitive agreement under Item 1.01 and other events under Item 8.01. Item 9.01 discloses financial statements and exhibits. No specific details on the agreement terms, transaction value, financial impacts, or other events are provided.
13-02-2026
FLYEXCLUSIVE INC. filed a Form 8-K on February 13, 2026, disclosing under Item 1.01 entry into a material definitive agreement and under Item 9.01 financial statements and exhibits. This represents a multi-item mandatory filing with no specific details provided on the agreement's nature, parties, terms, value, or impacts. No quantitative metrics, period-over-period comparisons, or scheduled events are mentioned.
- Β·Sector: not specified
13-02-2026
BayFirst Financial Corp. filed an 8-K on 2026-02-13 disclosing under Item 5.02 a departure of directors or certain officers, election of directors, appointment of certain officers, or compensatory arrangements of certain officers. Item 9.01 references financial statements and exhibits. No specific details on the individuals involved, reasons for change, timing, or impacts are disclosed.
13-02-2026
UFP Technologies Inc filed an 8-K on February 13, 2026, under Item 5.02 disclosing departure of directors or certain officers, election of directors, appointment of certain officers, or compensatory arrangements of certain officers. Item 9.01 refers to financial statements and exhibits. No specific details on affected positions, individuals, reasons for changes, or financial metrics are disclosed.
13-02-2026
Faraday Future Intelligent Electric Inc. filed an 8-K on February 13, 2026, under Item 5.07 disclosing submission of matters to a vote of security holders, Item 8.01 for other events, and Item 9.01 for financial statements and exhibits. No specific vote outcomes, details of other events, financial metrics, or exhibit contents are disclosed. This multi-item filing provides informational updates without quantified positive or negative impacts.
13-02-2026
OXBRIDGE RE HOLDINGS Ltd filed an 8-K on February 13, 2026 (AccNo: 0001493152-26-006760), reporting under Item 1.01 entry into a material definitive agreement and under Item 2.03 creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. Item 9.01 discloses financial statements and exhibits. No specific details on the agreement, transaction size, parties, financial impacts, or metrics are provided in the filing summary.
13-02-2026
Fold Holdings, Inc. filed a Form 8-K on February 13, 2026, under Item 7.01 Regulation FD Disclosure, voluntarily releasing material non-public information, and Item 9.01 Financial Statements and Exhibits, attaching relevant documents. No specific core events, transactions, financial metrics, positive or negative changes, or quantitative data are detailed in the provided filing summary. This is a multi-item informational filing with no disclosed directional implications.
13-02-2026
Funko, Inc. filed a Form 8-K on February 13, 2026, disclosing under Item 1.01 entry into a material definitive agreement. Item 9.01 reports financial statements and exhibits. No specific transaction details, dollar values, financial impacts, or performance metrics are disclosed.
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