secwatch.observer — SEC 8-K summary
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Issuer:     VILLAGE SUPER MARKET INC (VLGEA)
CIK:        0000103595
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0000103595-25-000024
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Village Super Market secures $5.6M NMTC loan for East Orange replacement store; related-party note with CEO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103595/000010359525000024/0000103595-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103595/000010359525000024/vlgea-20251219.htm
  HTML page:      https://secwatch.observer/filing/0000103595-25-000024

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