secwatch.observer — SEC 8-K summary
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Issuer:     SemiLEDs Corp (LEDS)
CIK:        0001333822
Form:       8-K
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0000950170-25-006018
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SemiLEDs extends CEO and largest shareholder loan maturities to Jan 2026
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- Loan agreements with Chairman/CEO Trung Doan ($1.5M) and Simplot Taiwan ($1.7M) extended to January 15, 2026.
- Both loans carry 8% annual interest and are secured by a second priority lien on the headquarters building.
- Previous maturity was January 15, 2025; all other terms remain unchanged.
- Partial repayment in common stock (up to $400K for Simplot, $800K for Trung Doan) remains permitted.
- This is the fifth (Simplot) and seventh (Trung Doan) maturity extension; principal has not been repaid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333822/000095017025006018/0000950170-25-006018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333822/000095017025006018/leds-20250115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-006018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer