olo-sec-scanner - SKILL.md Agent Skill

name: olo-sec-scanner

version: 1.0.0

description: SEC EDGAR filing analysis for M&A due diligence — extract financials, detect risks, and track corporate events from 10-K, 10-Q, and 8-K filings

author: ololand.ai

author_url: https://ololand.ai

license: MIT

triggers:

sec filing
edgar
10-k analysis
10-q analysis
8-k filing
annual report
quarterly report
sec extraction
xbrl

tags:

finance
sec
m-and-a
due-diligence
regulatory

SEC Filing Scanner for M&A

Extract and analyze SEC EDGAR filings for acquisition due diligence.

Data Source

SEC EDGAR API (free, no API key, 10 req/sec rate limit):

Company Facts: https://data.sec.gov/api/xbrl/companyfacts/CIK{cik}.json
Submissions: https://data.sec.gov/submissions/CIK{cik}.json
Full-Text Search: https://efts.sec.gov/LATEST/search-index?q=...

Filing Types & M&A Relevance

| Filing | Use Case |

|--------|----------|

| 10-K | Annual financials, risk factors, segment data, legal proceedings |

| 10-Q | Quarterly trends, interim changes, going concern flags |

| 8-K | Material events: acquisitions, dispositions, leadership changes, restatements |

| DEF 14A | Executive comp, related-party transactions, governance |

| SC 13D/G | Activist positions, ownership changes above 5% |

| Form 4 | Insider buying/selling patterns (signal conviction) |

| Form D | Private placement activity (pre-IPO targets) |

Extraction Framework

1. Financial Extraction (from XBRL)

Revenue (3-5 year trend from Revenues or RevenueFromContractWithCustomerExcludingAssessedTax)
EBITDA (computed: OperatingIncome + DepreciationAndAmortization)
Net income, EPS, diluted shares
Total assets, total liabilities, stockholders' equity
Operating cash flow, CapEx, free cash flow
Segment revenue breakdown (if multi-segment)

2. Risk Factor Analysis (from 10-K Item 1A)

Categorize risks: market, operational, regulatory, financial, legal, technology
Flag risks mentioning: litigation, regulatory investigation, material weakness, going concern
Compare risk factors year-over-year to detect new disclosures
Score overall risk severity (low / moderate / elevated / high)

3. Material Event Detection (from 8-K)

Item 1.01: Entry into material agreement
Item 2.01: Completion of acquisition or disposition
Item 2.05: Costs of restructuring
Item 4.01: Change in accountant (red flag)
Item 5.02: Departure of directors/officers
Item 8.01: Other material events

4. Ownership & Governance (from DEF 14A, 13D/G)

Top institutional holders and concentration
Insider ownership percentage
Recent insider transactions (net buying vs. selling)
Activist involvement flags

Output Format


SEC Filing Analysis: [Company Name] (CIK: XXXXXXXXXX)



Filings Scanned: 12 (3x 10-K, 8x 10-Q, 1x 8-K)

Date Range: 2023-01-01 to 2025-12-31



Financial Summary (from XBRL):

  Revenue TTM:     $164.5M (↑ 12% YoY)

  EBITDA TTM:      $28.3M  (17.2% margin)

  FCF TTM:         $22.1M

  Net Debt:        $45.0M  (1.6x EBITDA)



Risk Flags:

  ⚠ New risk factor: "concentration of revenue" (added FY2025)

  ⚠ Material weakness in internal controls (10-K Item 9A)

  ✓ No going concern language

  ✓ No change in auditor



Material Events (8-K):

  2025-09-15: Entered into $50M credit facility (Item 1.01)

  2025-06-01: CFO departure (Item 5.02)



Insider Activity (Last 12 months):

  Net Selling: $2.3M (3 insiders sold, 0 bought)

M&A-Specific Checks

Change of control provisions: Search 10-K for "change of control", "golden parachute", "poison pill"
Material contracts: Identify contracts with change-of-control triggers
Customer concentration: Extract from risk factors or segment data
Pending litigation: Quantify contingent liabilities from footnotes
NOL carryforwards: Extract tax asset values (Section 382 limitation risk in acquisition)
Lease obligations: Right-of-use assets and total lease commitments