---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-054179"
form_type: "8-K"
ticker: null
cik: "0001015155"
company_name: "CHARLES & COLVARD LTD"
filed_at: "2026-05-01T23:59:59+00:00"
generated_at: "2026-05-15T00:12:17.670427+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Charles & Colvard files Chapter 11, stalking horse asset sale for $1.5M set for June 22

## Summary
- Bankruptcy Court approved Van Lang Jewelry as stalking horse bidder for $1.5M purchase price, subject to credit bid.
- Final sale hearing scheduled for June 22, 2026; competing bids allowed under bidding procedures.
- Former board member Duc Pham is a manager of Buyer affiliate Jewelry Design Partners.
- Executive Chair Michael Levin's term changed to month-to-month; he receives $7,500 per month.
- Company cautions common stock may have no recovery; expects significant or complete loss.

## SEC filing metadata
- accession: 0001104659-26-054179
- form_type: 8-K
- cik: 0001015155
- company_name: CHARLES & COLVARD LTD
- filed_at: 2026-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015155/000110465926054179/0001104659-26-054179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015155/000110465926054179/tm2613347d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-054179
- JSON: https://secwatch.observer/filing/0001104659-26-054179.json
- Plain text: https://secwatch.observer/filing/0001104659-26-054179.txt

## Source-grounded claims
- claim_id: 71e7e7233c
  claim: Michael Levin changed role as Executive Chair at CHARLES & COLVARD LTD.
  evidence_excerpt: the Board approved changing the term of Mr. Levin’s appointment from a fixed term to a month-to-month arrangement, to continue until otherwise determined by the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015155/000110465926054179/0001104659-26-054179-index.htm
- claim_id: 3eeab2ed669e106513c4fc7e690c9ed5b569790a
  claim: CHARLES & COLVARD LTD entered into Asset Purchase Agreement with Van Lang Jewelry LLC or its affiliate Jewelry Design Partners LLC valued at Asset Purchase Agreement (effective 2026-04-15).
  evidence_excerpt: The information set forth under Item 1.01 of this Current Report on Form 8-K regarding the Asset Purchase Agreement (the “Purchase Agreement”) with Van Lang Jewelry LLC or its affiliate Jewelry Design Partners LLC (the “Buyer”), dated as of April 15, 2026, is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015155/000110465926054179/0001104659-26-054179-index.htm

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