{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-000280","form_type":"8-K","ticker":"BDL","cik":"0000012040","company_name":"FLANIGANS ENTERPRISES INC","filed_at":"2023-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.083945+00:00","generated_at":"2026-06-18T17:06:48.241124+00:00","sec_items":["2.04","3.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Flanigan's Enterprises receives NYSE delisting notice for late 10-Q; also breached loan covenant","bullets":["NYSE American notified Flanigan's of noncompliance for late filing of Q1 FY2023 Form 10-Q (due Feb 21, 2023).","As of Dec 31, 2022, Flanigan's breached Post-Distribution Fixed Charge Coverage Ratio (1.13 vs 1.15 minimum) on six institutional loans.","Institutional lender waived the Dec 31, 2022 covenant breach and related remedies; future non-compliance could accelerate debt.","Company has up to 12 months to cure filing delinquency; intends to file Form 10-Q as soon as reasonably practicable."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-000280","json":"https://secwatch.observer/filing/0001174947-23-000280.json","markdown":"https://secwatch.observer/filing/0001174947-23-000280.md","text":"https://secwatch.observer/filing/0001174947-23-000280.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/12040/000117494723000280/0001174947-23-000280-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/12040/000117494723000280/form8k-29538_bdl.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T17:06:48.241124+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":"0a4613d141d09b3cc2f0870eb4ba93d5d2d37f9a","claim":"FLANIGANS ENTERPRISES INC reported a default on loan with Institutional Lender.","evidence_excerpt":"In February 2023, Flanigan’s Enterprises, Inc. (the “Company” or “we”) determined that as of December 31, 2022, we did not meet the required Post-Distribution Basic Fixed Charge Coverage Ratio (the “Post-Distribution/Fixed Charge Covenant”) contained in each of our six (6) loans (the “Institutional Loans”) with our unrelated third party institutional lender (the “Institutional Lender’).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/12040/000117494723000280/0001174947-23-000280-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Counterparty","value":"Institutional Lender"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}