{"filing":{"accession_number":"0001437749-26-019166","cik":"0000861459","ticker":"GVA","company_name":"GRANITE CONSTRUCTION INC","form":"8-K","filing_date":"2026-06-02","report_date":null,"primary_document":"gva20260601_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/861459/000143774926019166/gva20260601_8k.htm"},"events":[{"id":7551,"run_id":6636,"accession_number":"0001437749-26-019166","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"summary":"Granite Construction closed a $600 million senior notes offering on June 2, 2026, entering into a material definitive Indenture agreement. The company intends to use proceeds to redeem convertible notes and repay credit facility borrowings, representing a material capital structure and financing event.","company_name":"GRANITE CONSTRUCTION INC","ticker":"GVA","filing_date":"2026-06-02","form":"8-K","submitted_at":null,"items":[{"id":3684,"accession_number":"0001437749-26-019166","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Granite Construction closed a $600 million senior notes offering on June 2, 2026, which constitutes entry into a material definitive agreement (the Indenture). While this is a debt issuance rather than a traditional M\u0026A transaction, it represents a material capital structure event that would affect a reasonable investor's assessment of the company's financial position, leverage, and liquidity. The company explicitly intends to use proceeds to redeem convertible notes and repay credit facility borrowings, making this a material financing activity.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-03T02:40:04.197255+00:00","company_name":"","ticker":null,"filing_date":""},{"id":3685,"accession_number":"0001437749-26-019166","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"Item 2.03 discloses creation of a direct financial obligation related to a Notes Offering and Indenture, incorporating Item 1.01 by reference. Without the full Item 1.01 details, the specific nature of the obligation cannot be definitively classified—it could represent debt issuance (a material financing event), a covenant breach, or another financial arrangement. The reference structure and Item 2.03 designation indicate materiality, but the event type remains ambiguous pending review of Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-03T02:40:04.197255+00:00","company_name":"","ticker":null,"filing_date":""},{"id":3686,"accession_number":"0001437749-26-019166","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"reasoning":"Granite Construction announced a call and conversion election for $273.7 million of convertible notes (2028 Notes), which will trigger a ~$500 million derivative liability charge due to loss of the own-equity scope exception under ASC 815. While this involves debt redemption and accounting treatment of embedded derivatives, it does not fit cleanly into the standard taxonomy categories (not a restatement, impairment, or covenant breach in the traditional sense). The material accounting impact and cash settlement structure make this a significant disclosure affecting investor assessment of financial position and near-term earnings.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-03T02:40:04.197255+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":3684,"accession_number":"0001437749-26-019166","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Granite Construction closed a $600 million senior notes offering on June 2, 2026, which constitutes entry into a material definitive agreement (the Indenture). While this is a debt issuance rather than a traditional M\u0026A transaction, it represents a material capital structure event that would affect a reasonable investor's assessment of the company's financial position, leverage, and liquidity. The company explicitly intends to use proceeds to redeem convertible notes and repay credit facility borrowings, making this a material financing activity.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-03T02:40:04.197255+00:00","company_name":"GRANITE CONSTRUCTION INC","ticker":"GVA","filing_date":"2026-06-02"},{"id":3685,"accession_number":"0001437749-26-019166","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"Item 2.03 discloses creation of a direct financial obligation related to a Notes Offering and Indenture, incorporating Item 1.01 by reference. Without the full Item 1.01 details, the specific nature of the obligation cannot be definitively classified—it could represent debt issuance (a material financing event), a covenant breach, or another financial arrangement. The reference structure and Item 2.03 designation indicate materiality, but the event type remains ambiguous pending review of Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-03T02:40:04.197255+00:00","company_name":"GRANITE CONSTRUCTION INC","ticker":"GVA","filing_date":"2026-06-02"},{"id":3686,"accession_number":"0001437749-26-019166","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"reasoning":"Granite Construction announced a call and conversion election for $273.7 million of convertible notes (2028 Notes), which will trigger a ~$500 million derivative liability charge due to loss of the own-equity scope exception under ASC 815. While this involves debt redemption and accounting treatment of embedded derivatives, it does not fit cleanly into the standard taxonomy categories (not a restatement, impairment, or covenant breach in the traditional sense). The material accounting impact and cash settlement structure make this a significant disclosure affecting investor assessment of financial position and near-term earnings.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-03T02:40:04.197255+00:00","company_name":"GRANITE CONSTRUCTION INC","ticker":"GVA","filing_date":"2026-06-02"}]}