---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-100620"
form_type: "8-K"
ticker: "KALA"
cik: "0001479419"
company_name: "KALA BIO, Inc."
filed_at: "2025-10-20T23:59:59+00:00"
generated_at: "2026-05-17T03:12:57.916531+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# KALA BIO faces asset foreclosure by Oxford; CEO terminated, all staff reduced, expects delisting

## Summary
- Oxford Finance forecloses on all assets, swept substantially all cash; still owed ~$9.6M.
- Board terminated all employees not needed for foreclosure; CEO Todd Bazemore terminated without cause but stays as director/PEO.
- Company expects no distributions to stockholders or unsecured creditors after foreclosure.
- Company anticipates inability to file future SEC reports and delisting from Nasdaq.

## SEC filing metadata
- accession: 0001104659-25-100620
- form_type: 8-K
- ticker: KALA
- cik: 0001479419
- company_name: KALA BIO, Inc.
- filed_at: 2025-10-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- confidence: high
- sec_items: 2.05, 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1479419/000110465925100620/0001104659-25-100620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1479419/000110465925100620/kala-20251019x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-100620
- JSON: https://secwatch.observer/filing/0001104659-25-100620.json
- Plain text: https://secwatch.observer/filing/0001104659-25-100620.txt

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