---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-010547"
form_type: "8-K"
ticker: "TPCS"
cik: "0001328792"
company_name: "TECHPRECISION CORP"
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T00:53:38.904259+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TechPrecision subsidiary Stadco enters payment plan with LADWP to settle $1.77M delinquent utility bills

## Summary
- Stadco signed a Payment Agreement with LADWP for $1,770,202 in delinquent water and electric service charges.
- Monthly installment payments of approximately $18,439 from December 15, 2022 through November 15, 2030.
- Unpaid balance accrues late payment charge at 18% annual rate; breach allows acceleration and service interruption.
- Stadco has a 10-day cure period after written default notice before LADWP can enforce remedies.
- The liability was already included in accounts payable as of September 30, 2022.

## SEC filing metadata
- accession: 0001104659-23-010547
- form_type: 8-K
- ticker: TPCS
- cik: 0001328792
- company_name: TECHPRECISION CORP
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1328792/000110465923010547/0001104659-23-010547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1328792/000110465923010547/tm235289d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-010547
- JSON: https://secwatch.observer/filing/0001104659-23-010547.json
- Plain text: https://secwatch.observer/filing/0001104659-23-010547.txt

## Key facts
- Material Agreements
  TECHPRECISION CORP entered into Payment Agreement with Department of Water and Power of the City of Los Angeles (LADWP) valued at approximately $1,770,201 (effective 2023-01-30).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Department of Water and Power of the City of Los Angeles (LADWP)
  - Value: approximately $1,770,201
  - Effective: 2023-01-30
  source text: On January 30, 2023, Stadco, a wholly-owned subsidiary of TechPrecision Corporation (the “Company”), entered into a payment arrangement agreement (the “Payment Agreement”) with the Department of Water and Power of the City of Los Angeles (“LADWP”), in order to settle previously outstanding amounts for water, water service, electric energy and/or electric service in the aggregate amount of approximately $1,770,201 that are delinquent and unpaid.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1328792/000110465923010547/0001104659-23-010547-index.htm

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