---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-016765"
form_type: "8-K"
ticker: "LEDS"
cik: "0001333822"
company_name: "SemiLEDs Corp"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:51:31.523869+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SemiLEDs allows CEO to convert $800k loan into shares; issues 629,921 shares at $1.27

## Summary
- Fifth Amendment to loan with Chairman/CEO Trung Doan allows stock repayment of up to $800,000 at closing price.
- SemiLEDs delivered payment notice to prepay $800k principal with 629,921 shares at $1.27 per share (Feb 8 close).
- Original $1.7M loan from Jan 2019, 8% interest, secured by HQ building; maturity extended to Jan 2025.
- Shares were issued in a private placement under Section 4(a)(2) of the Securities Act.
- The stock-based repayment dilutes existing shareholders and suggests limited cash availability.

## SEC filing metadata
- accession: 0000950170-24-016765
- form_type: 8-K
- ticker: LEDS
- cik: 0001333822
- company_name: SemiLEDs Corp
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1333822/000095017024016765/0000950170-24-016765-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1333822/000095017024016765/leds-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-016765
- JSON: https://secwatch.observer/filing/0000950170-24-016765.json
- Plain text: https://secwatch.observer/filing/0000950170-24-016765.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.