secwatch.observer — SEC 8-K summary
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Issuer:     ATRION CORP (—)
CIK:        0000701288
Form:       8-K
Filed at:   2023-12-28T23:59:59+00:00
Accession:  0001104659-23-130007
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atrion enters $25M credit facility with Wells Fargo; CFO gets change-in-control agreement
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- Entered $25M revolving credit facility with Wells Fargo, maturing Dec 21, 2026; interest at SOFR+1.00%-1.75% or Base Rate+0%-0.75%.
- Commitment fee on unused portion 0.30%-0.45% p.a.; financial covenants include max leverage and min fixed charge coverage.
- CFO Cindy Ferguson signed change-in-control agreement; provides lump sum equal to 12-month base salary plus full equity vesting upon qualifying termination.
- Reaffirmed existing subsidiary guarantees and collateral; restated 2017 credit agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701288/000110465923130007/0001104659-23-130007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701288/000110465923130007/tm2333788d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-130007

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