{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-081435","form_type":"8-K","ticker":null,"cik":"0001839412","company_name":"QualTek Services Inc.","filed_at":"2023-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.640811+00:00","generated_at":"2026-06-13T07:52:53.439474+00:00","sec_items":["1.01","1.02","1.03","2.03","3.02","3.03","5.01","5.02","5.03","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"QualTek emerges from Chapter 11; old equity cancelled, new board and $126M exit financing","bullets":["Debt reduced by ~$307M; exit financing includes $101M ABL revolver and $25M new money term loans.","All existing equity cancelled; new equity issued to prepetition lenders and warrants at $19.16 exercise price to noteholders.","New board: Scott Hisey (CEO) plus Directors Todd Clegg, Daniel Lafond, Emanuel Pearlman; fifth member TBD.","Company to deregister securities and suspend SEC reporting obligations via Form 15.","Convertible notes and prepetition loan agreements cancelled; DIP facilities repaid on emergence."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-081435","json":"https://secwatch.observer/filing/0001104659-23-081435.json","markdown":"https://secwatch.observer/filing/0001104659-23-081435.md","text":"https://secwatch.observer/filing/0001104659-23-081435.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/tm2321319d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T07:52:53.439474+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5ef9a4b7e3337bad544f4082478301e83e3aee51","claim":"QualTek Services Inc. incurred revolving credit of $101,200,000 of new money revolving commitments with PNC Bank, National Association and the lenders party thereto at Bloomberg Short-Term Bank Yield Index rate (subject to reserve requirements) plu maturing mature on the first anniversary of the Effective Date.","evidence_excerpt":"a senior secured ABL Credit and Guaranty Agreement by and among the Loan Parties, PNC Bank, National Association and the lenders party thereto (the “Exit ABL Credit Agreement”) consisting of $101,200,000 of new money revolving commitments","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$101,200,000 of new money revolving commitments"},{"label":"Counterparty","value":"PNC Bank, National Association and the lenders party thereto"},{"label":"Rate","value":"Bloomberg Short-Term Bank Yield Index rate (subject to reserve requirements) plu"},{"label":"Maturity","value":"mature on the first anniversary of the Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a402ec55f20615170d755a77af4d3336a161fc26","claim":"QualTek Services Inc. incurred term loan of second lien term loans in an aggregate principal amount of $104,961,023.20 with UMB Bank, N.A. and the lenders party thereto at term SOFR (SOFR floor of 1.00%) plus 1.00% (with the portion of the interest und maturing mature on the date that is three years and six months after the Effective Date.","evidence_excerpt":"a Second Lien Credit Agreement by and among the Loan Parties, UMB Bank, N.A. and the lenders party thereto (the “Exit Second Lien Term Loan Credit Agreement”) consisting of second lien term loans in an aggregate principal amount of $104,961,023.20","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"second lien term loans in an aggregate principal amount of $104,961,023.20"},{"label":"Counterparty","value":"UMB Bank, N.A. and the lenders party thereto"},{"label":"Rate","value":"term SOFR (SOFR floor of 1.00%) plus 1.00% (with the portion of the interest und"},{"label":"Maturity","value":"mature on the date that is three years and six months after the Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d9453f543bb5e519177df290485752d270bbe659","claim":"QualTek Services Inc. incurred term loan of an aggregate principal amount of $135,047,073.75 consisting of (x) $25,000,000 of new money first lien term loans and (y with UMB Bank, N.A. and the lenders party thereto at term SOFR (SOFR floor of 1.00%) plus 8.00% maturing mature on the second anniversary of the Effective Date.","evidence_excerpt":"a first lien Term Credit and Guaranty Agreement by and among the Loan Parties, UMB Bank, N.A. and the lenders party thereto (the “Exit First Lien Term Loan Credit Agreement”) in an aggregate principal amount of $135,047,073.75 consisting of (x) $25,000,000 of new money first lien term loans and (y) first lien term loans in an aggregate principal amount of $110,047,073.75, converted from the Debtors’ outstanding DIP term loans","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"an aggregate principal amount of $135,047,073.75 consisting of (x) $25,000,000 of new money first lien term loans and (y"},{"label":"Counterparty","value":"UMB Bank, N.A. and the lenders party thereto"},{"label":"Rate","value":"term SOFR (SOFR floor of 1.00%) plus 8.00%"},{"label":"Maturity","value":"mature on the second anniversary of the Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ee646d1229cf0f1ffe30292eada876b7f067f516","claim":"QualTek Services Inc. incurred term loan of third lien term loans in an aggregate principal amount of $127,653.99 with UMB Bank, N.A. and the lenders party thereto at term SOFR, plus 1% (all payable in kind) maturing mature on the seventh anniversary of the Effective Date.","evidence_excerpt":"a Third Lien Credit Agreement by and among the Loan Parties, UMB Bank, N.A. and the lenders party thereto (the “Exit Third Lien Term Loan Credit Agreement”) consisting of third lien term loans in an aggregate principal amount of $127,653.99","evidence_source":"SEC 8-K Item 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Code, and (II) Occurrence of the Plan Effective Date [Docket No. 248].","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Petition","value":"2023-07-14"}],"fact_type":"distress_event"},{"claim_id":"03f236241f","claim":"Todd Clegg was appointed as Director at QualTek Services Inc..","evidence_excerpt":"Christopher S. Hisey, Todd Clegg, Daniel Lafond, and Emanuel Pearlman were designated as members of the board of directors of the Reorganized Company (the “Board of Directors”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"designated as a member of the board"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"04255fa09f","claim":"John Kritzmacher departed as Director at QualTek Services Inc..","evidence_excerpt":"Andrew Weinberg, Matthew Allard, Bruce Roberson, John Kritzmacher, Cielo Hernandez and Alan Carr ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"1b47512de1","claim":"Andrew Weinberg departed as Director at QualTek Services Inc..","evidence_excerpt":"Andrew Weinberg, Matthew Allard, Bruce Roberson, John Kritzmacher, Cielo Hernandez and Alan Carr ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"1eea0e6a31","claim":"Emanuel Pearlman was appointed as Director at QualTek Services Inc..","evidence_excerpt":"Christopher S. 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Hisey, Todd Clegg, Daniel Lafond, and Emanuel Pearlman were designated as members of the board of directors of the Reorganized Company (the “Board of Directors”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"designated as a member of the board"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7b6f225cc5","claim":"Bruce Roberson departed as Director at QualTek Services Inc..","evidence_excerpt":"Andrew Weinberg, Matthew Allard, Bruce Roberson, John Kritzmacher, Cielo Hernandez and Alan Carr ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"984c512d51","claim":"Alan Carr departed as Director at QualTek Services Inc..","evidence_excerpt":"Andrew Weinberg, Matthew Allard, Bruce Roberson, John Kritzmacher, Cielo Hernandez and Alan Carr ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a3f5353094","claim":"Matthew Allard departed as Director at QualTek Services Inc..","evidence_excerpt":"Andrew Weinberg, Matthew Allard, Bruce Roberson, John Kritzmacher, Cielo Hernandez and Alan Carr ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c1dec50002","claim":"Cielo Hernandez departed as Director at QualTek Services Inc..","evidence_excerpt":"Andrew Weinberg, Matthew Allard, Bruce Roberson, John Kritzmacher, Cielo Hernandez and Alan Carr ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e816b1b4d4","claim":"Christopher S. Hisey was appointed as Director at QualTek Services Inc..","evidence_excerpt":"Christopher S. Hisey, Todd Clegg, Daniel Lafond, and Emanuel Pearlman were designated as members of the board of directors of the Reorganized Company (the “Board of Directors”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"designated as a member of the board"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5764fb4d803fe798b91c101a0ad842949aa36fe6","claim":"QualTek Services Inc.: Adopted new Organizational Documents (including articles of incorporation and bylaws) upon emergence from Chapter 11.","evidence_excerpt":"On the Effective Date, in connection with the Reorganized Debtors’ implementation of the Plan, the Reorganized Debtors adopted their New Organizational Documents (each as defined in the Confirmation Order).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"a11a45e12d2a3347ab8658080af83fdd73ed6605","claim":"QualTek Services Inc. underwent a change of control (closed 2023-07-14).","evidence_excerpt":"On the Effective Date, pursuant to the Plan, all existing equity interests of the Company issued and outstanding immediately prior to the Effective Date, and any rights of any holder in respect thereof, were deemed cancelled, released and extinguished and are now of no further force or effect. As described in Item 3.02, on the Effective Date, pursuant to the Plan, the Reorganized Company issued the New Equity Interests and the New Warrants.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839412/000110465923081435/0001104659-23-081435-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Closing","value":"2023-07-14"}],"fact_type":"ma_transaction"},{"claim_id":"18aa9dec01e7f49c6f35346e00fb2d2512bb91e1","claim":"QualTek Services Inc. entered into Exit ABL Credit Agreement with PNC Bank, National Association and the lenders party thereto valued at $101,200,000.","evidence_excerpt":"a senior secured ABL Credit and Guaranty Agreement by and among the Loan Parties, PNC Bank, National Association and the lenders party thereto (the “Exit ABL Credit Agreement”)","evidence_source":"SEC 8-K Item 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Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}