{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-065140","form_type":"8-K","ticker":"AIRI","cik":"0001009891","company_name":"AIR INDUSTRIES GROUP","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.854097+00:00","generated_at":"2026-06-11T16:13:02.749889+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Air Industries amends loan with Webster Bank, waives Q1 default, eases covenant through Q3 2023","bullets":["Fifth Amendment to loan agreement waives Event of Default for missing Fixed Charge Coverage Ratio in Q1 ended March 31, 2023.","Required Fixed Charge Coverage Ratio reduced to 0.95:1 for Q2 and Q3 2023 (previously 1.25:1).","Permitted purchase money secured debt (incl. capital leases) increased to $2,000,000 outstanding at any time.","$10,000 amendment fee paid; all other terms of Loan Agreement unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-065140","json":"https://secwatch.observer/filing/0001213900-23-065140.json","markdown":"https://secwatch.observer/filing/0001213900-23-065140.md","text":"https://secwatch.observer/filing/0001213900-23-065140.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009891/000121390023065140/0001213900-23-065140-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009891/000121390023065140/ea183027-8k_airindust.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T16:13:02.749889+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":"14ef9229347bc2874c4bff30d3929d5aaefbdb27","claim":"AIR INDUSTRIES GROUP amended Fifth Amendment to Loan and Security Agreement with Webster Bank (effective 2023-08-04).","evidence_excerpt":"On August 4, 2023, we, Air Industries Group, entered into a Fifth Amendment to Loan and Security Agreement with Webster Bank.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009891/000121390023065140/0001213900-23-065140-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Webster Bank"},{"label":"Effective","value":"2023-08-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}