---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-074888"
form_type: "8-K"
ticker: null
cik: "0000915358"
company_name: "SIGMATRON INTERNATIONAL INC"
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:24:12.115218+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SigmaTron receives default notices on credit agreements; records $23.1M impairment charges

## Summary
- Received default notices from JPMorgan and TCW for failing fixed charge coverage ratio and total debt-to-EBITDA covenants as of Jan 31, 2023.
- Negotiating forbearance agreements; lender parties have not yet accelerated obligations or exercised remedies.
- Recorded non-cash pre-tax goodwill impairment of ~$13.3M for Pet Tech Segment for Q3 FY2023.
- Recorded non-cash pre-tax intangible assets impairment of ~$9.8M for Pet Tech Segment for same quarter.
- Total pre-tax impairment charges of ~$23.1M from Pet Tech Segment.

## SEC filing metadata
- accession: 0001193125-23-074888
- form_type: 8-K
- cik: 0000915358
- company_name: SIGMATRON INTERNATIONAL INC
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04, 2.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915358/000119312523074888/0001193125-23-074888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915358/000119312523074888/d468806d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-074888
- JSON: https://secwatch.observer/filing/0001193125-23-074888.json
- Plain text: https://secwatch.observer/filing/0001193125-23-074888.txt

## Key facts
- Restructurings & Charges
  SIGMATRON INTERNATIONAL INC announced a impairment with charges of approximately $13.3 million affecting Pet Tech Segment.
  - Type: impairment
  - Charge: approximately $13.3 million
  - Affected area: Pet Tech Segment
  source text: Accordingly, a non-cash pre-tax goodwill impairment charge of approximately $13.3 million and a non-cash intangible assets impairment charge of approximately $9.8 million would be recorded for the Company’s Pet Tech Segment for the quarter ended January 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915358/000119312523074888/0001193125-23-074888-index.htm
- Restructurings & Charges
  SIGMATRON INTERNATIONAL INC announced a impairment with charges of approximately $9.8 million affecting Pet Tech Segment.
  - Type: impairment
  - Charge: approximately $9.8 million
  - Affected area: Pet Tech Segment
  source text: Accordingly, a non-cash pre-tax goodwill impairment charge of approximately $13.3 million and a non-cash intangible assets impairment charge of approximately $9.8 million would be recorded for the Company’s Pet Tech Segment for the quarter ended January 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915358/000119312523074888/0001193125-23-074888-index.htm

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