{"schema_version":"secwatch.filing_event.v1","accession":"0000103595-25-000024","form_type":"8-K","ticker":"VLGEA","cik":"0000103595","company_name":"VILLAGE SUPER MARKET INC","filed_at":"2025-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.607714+00:00","generated_at":"2026-05-16T12:03:49.489371+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Village Super Market secures $5.6M NMTC loan for East Orange replacement store; related-party note with CEO","bullets":["Leveraged $4.4M loan at 1% to Investment Fund, which contributed $6.0M to CDE; CDE lent $5.6M to subsidiary at ~1.24% for store construction.","Valley Bank contributed $1.9M for NMTC tax benefits; Company must indemnify for any recapture over 7-year compliance period.","Company expects pretax benefit of $1.1M in 2032 when Valley Bank exercises put option.","CEO John Sumas owns 5% of Leverage Lender and provided $0.2M loan at 7% interest; Audit Committee approved."],"urls":{"canonical":"https://secwatch.observer/filing/0000103595-25-000024","json":"https://secwatch.observer/filing/0000103595-25-000024.json","markdown":"https://secwatch.observer/filing/0000103595-25-000024.md","text":"https://secwatch.observer/filing/0000103595-25-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/103595/000010359525000024/0000103595-25-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/103595/000010359525000024/vlgea-20251219.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:03:49.489371+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"97c22ad2e1c4b690971c4c3e0006ce503eb8dfce","claim":"VILLAGE SUPER MARKET INC incurred loan of $5.6 million with NJCC CDE 49 LLC at approximately 1.24% maturing December 19, 2055.","evidence_excerpt":"Investment Fund is a wholly owned subsidiary of Valley Bank. The Investment Fund then contributed $6.0 million of the proceeds to a CDE, which, in turn, loaned combined funds of $5.6 million, net of debt issuance costs, to Village Super Market of Brick Church LLC, a wholly-owned subsidiary of the Company, pursuant to a loan agreement with NJCC CDE 49 LLC (the “Loan","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/103595/000010359525000024/0000103595-25-000024-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$5.6 million"},{"label":"Counterparty","value":"NJCC CDE 49 LLC"},{"label":"Rate","value":"approximately 1.24%"},{"label":"Maturity","value":"December 19, 2055"},{"label":"Event","value":"incurrence"}]},{"claim_id":"062cee8158ff3599abd5d8893d4e13cf118635b5","claim":"VILLAGE SUPER MARKET INC entered into Loan Agreement with NJCC CDE 49 LLC (effective 2025-12-19).","evidence_excerpt":"On December 19, 2025, Village Super Market, Inc. (the “Company”) entered into a financing transaction with Valley National Bank Community Investment Fund, LLC (“Valley Bank”) under a qualified New Markets Tax Credit (“NMTC”) program related to the construction of a replacement store in East Orange, New Jersey.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/103595/000010359525000024/0000103595-25-000024-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"NJCC CDE 49 LLC"},{"label":"Effective","value":"2025-12-19"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}