Worked example
How one record is built, from statement to outcome
You should not have to trust a summary. Here is a real KeptIndex record with every step visible: what S&P Global said, how we set the deadline, what the later filing shows, and how we read it. Open both SEC documents and check it yourself.
S&P Global (SPGI): Close the all-stock merger with IHS Markit Ltd
Late AI-confirmed · human review in progress · Kept ID KI-C-2020-SPGI-007088
Step 1 · The original statement
“The transaction is expected to close in the second half of 2021, subject to, among other things, the expiration or termination of the applicable waiting periods”
- Filed
- 30 Nov 2020
- Source
- SEC document ↗
- Conditions stated
- subject to expiration or termination of applicable antitrust waiting periods; other antitrust and regulatory approvals; approval of shareholders of both companies; other customary closing conditions
Step 2 · The deadline
- As written
- “in the second half of 2021”
- Deadline used
- 31 Dec 2021, the last day of the stated period
- Restated
- 2 times. Restatements are tracked as one commitment, not counted as separate misses. The outcome is judged against the original date.
We never add precision the company did not give: “the second half of 2021” means any day up to 31 December 2021.
Step 3 · The later evidence
“On February 28, 2022, we completed the merger with IHS Markit in an all-stock transaction.”
S&P Global 10-Q filed 2022-05-04 ↗ · passage verified word for word
“On February 28, 2022, we completed the merger with IHS Markit by acquiring 100% of the IHS Markit common stock”
S&P Global 10-Q filed 2022-10-28 ↗ · passage verified word for word
Step 4 · The assessment
- Outcome
- Delivered after the deadline
- Delivered
- 28 Feb 2022 (evidence precise to the day)
- Evidence grade
- A (A = regulatory filing)
- Review
- Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
Read with care: the timing depended on conditions outside the company’s sole control. “Late” means the original date was not met. It does not assign blame or imply misconduct.
The six checks a reviewer makes on every record
- WhoSame company (SEC CIK) and the same project in both documents.
- WhatThe delivered thing is the promised thing: same scope, stage and place.
- WhenThe deadline matches the company’s words, with no invented precision.
- EvidenceThe later passage actually shows delivery, and when.
- ContextConditions, footnotes and table headings are read, not skipped.
- HistoryLater revisions, cancellations and duplicate statements are taken into account.
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