secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2022-05-25T23:59:59+00:00
Accession:  0001193125-22-159677
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowman Consulting extends revolving credit to $25M, extends to July 2024; officers adopt 10b5-1 plans
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- Seventh Amendment with Bank of America increases revolving line max to $25M and extends term to July 31, 2024.
- Permitted Acquisitions thresholds raised: single deal up to $7.5M, annual up to $40M, with $10M liquidity floor.
- Interest at daily SOFR plus 2.00%-2.60% based on Funded Debt/EBITDA ratio.
- COO/director Michael Bruen entered 10b5-1 plan for up to 30,000 shares (Dec 2022-Nov 2023); existing plan for 10,000 shares remains.
- CFO Bruce Labovitz entered 10b5-1 plan for up to 7,000 shares (Oct-Dec 2022).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312522159677/0001193125-22-159677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312522159677/d342905d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-159677

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