secwatch / observer
8-K filed May 8, 2026, 7:59 PM ET ticker LCTC CIK 0001493137
debt confidence high sentiment neutral materiality 0.60

Lifeloc Technologies enters $500K promissory note with CFO/Chairman for SpinDetect development

Lifeloc Technologies, Inc

item 1.01item 2.03item 9.01

Machine-readable event card

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Lifeloc Technologies, Inc
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2026-05-08T23:59:59+00:00
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JSON Markdown Plain text

Source-grounded claims

763269ca38f45b33c79ac726b0411fd333d78195

Lifeloc Technologies, Inc incurred loan of $500,000 with Vern Kornelsen at 10.5% per annum (subject to upward adjustment based on changes in the prime rate maturing December 31, 2031.

On May 4, 2026, Lifeloc Technologies, Inc. (the “Company”) entered into a loan transaction with Vern Kornelsen, the Company’s Chief Financial Officer and Chairman of the Board. The transaction consists of a Promissory Note dated May 1, 2026 (the “Note”) in the principal amount of $500,000.

SEC 8-K Item 2.03/2.04 confidence 0.95 SEC evidence

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Encompass Health issues $500M 5.875% notes due 2034; to redeem $400M of 4.500% notes due 2028

Encompass Health Corp June 1, 2026, 4:26 PM ET debt Items 1.01, 2.03, 9.01

same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On May 4, 2026, Lifeloc Technologies, Inc. (the “Company”) entered into a loan transaction with Vern Kornelsen, the Company’s Chief Financial Officer and Chairman of the Board. The transaction consists of a Promissory Note dated May 1, 2026 (the “Note”) in the principal amount of $500,000.

Comparable filing

On May 29, 2026, Encompass Health Corporation (the “Company”) completed the issuance and sale of $500 million in aggregate principal amount of its 5.875% Senior Notes due 2034 (the “Notes”), along with the related guarantees of the Notes by certain of the Company’s subsidiaries (the “Guarantees”), in a private offering.

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VVX

V2X refinances $868.5M term loans with new tranche maturing 2030; SOFR+2% margin

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same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On May 4, 2026, Lifeloc Technologies, Inc. (the “Company”) entered into a loan transaction with Vern Kornelsen, the Company’s Chief Financial Officer and Chairman of the Board. The transaction consists of a Promissory Note dated May 1, 2026 (the “Note”) in the principal amount of $500,000.

Comparable filing

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same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On May 4, 2026, Lifeloc Technologies, Inc. (the “Company”) entered into a loan transaction with Vern Kornelsen, the Company’s Chief Financial Officer and Chairman of the Board. The transaction consists of a Promissory Note dated May 1, 2026 (the “Note”) in the principal amount of $500,000.

Comparable filing

The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.

Filing page SEC filing

AZZ

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AZZ INC May 8, 2026, 7:59 PM ET debt Items 1.01, 2.03, 9.01

same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On May 4, 2026, Lifeloc Technologies, Inc. (the “Company”) entered into a loan transaction with Vern Kornelsen, the Company’s Chief Financial Officer and Chairman of the Board. The transaction consists of a Promissory Note dated May 1, 2026 (the “Note”) in the principal amount of $500,000.

Comparable filing

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Filing page SEC filing

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same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On May 4, 2026, Lifeloc Technologies, Inc. (the “Company”) entered into a loan transaction with Vern Kornelsen, the Company’s Chief Financial Officer and Chairman of the Board. The transaction consists of a Promissory Note dated May 1, 2026 (the “Note”) in the principal amount of $500,000.

Comparable filing

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Filing page SEC filing

PGIM

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same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On May 4, 2026, Lifeloc Technologies, Inc. (the “Company”) entered into a loan transaction with Vern Kornelsen, the Company’s Chief Financial Officer and Chairman of the Board. The transaction consists of a Promissory Note dated May 1, 2026 (the “Note”) in the principal amount of $500,000.

Comparable filing

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Filing page SEC filing

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same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On May 4, 2026, Lifeloc Technologies, Inc. (the “Company”) entered into a loan transaction with Vern Kornelsen, the Company’s Chief Financial Officer and Chairman of the Board. The transaction consists of a Promissory Note dated May 1, 2026 (the “Note”) in the principal amount of $500,000.

Comparable filing

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Filing page SEC filing

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same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On May 4, 2026, Lifeloc Technologies, Inc. (the “Company”) entered into a loan transaction with Vern Kornelsen, the Company’s Chief Financial Officer and Chairman of the Board. The transaction consists of a Promissory Note dated May 1, 2026 (the “Note”) in the principal amount of $500,000.

Comparable filing

In connection with entering into the Credit Agreement, the Company entered into an amended and restated subordinated promissory note (Note No. 9) (the “Subordinated Debt Facility”) with Spark HoldCo and Retailco, LLC (“Retailco”). The Subordinated Debt Facility allows the Company to draw advances in increments of no less than $1.0 million per advance up to $25.0 million through November 6, 2029.

Filing page SEC filing

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