---
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"
generated_at: "2026-06-18T17:06:48.241124+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flanigan's Enterprises receives NYSE delisting notice for late 10-Q; also breached loan covenant

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.04, 3.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-23-000280
- JSON: https://secwatch.observer/filing/0001174947-23-000280.json
- Plain text: https://secwatch.observer/filing/0001174947-23-000280.txt

## Key facts
- Debt Financings
  FLANIGANS ENTERPRISES INC reported a default on loan with Institutional Lender.
  - Instrument: loan
  - Counterparty: Institutional Lender
  - Event: default
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/12040/000117494723000280/0001174947-23-000280-index.htm

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