---
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"
generated_at: "2026-06-11T16:13:02.749889+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Air Industries amends loan with Webster Bank, waives Q1 default, eases covenant through Q3 2023

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-065140
- JSON: https://secwatch.observer/filing/0001213900-23-065140.json
- Plain text: https://secwatch.observer/filing/0001213900-23-065140.txt

## Key facts
- Material Agreements
  AIR INDUSTRIES GROUP amended Fifth Amendment to Loan and Security Agreement with Webster Bank (effective 2023-08-04).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Webster Bank
  - Effective: 2023-08-04
  source text: On August 4, 2023, we, Air Industries Group, entered into a Fifth Amendment to Loan and Security Agreement with Webster Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009891/000121390023065140/0001213900-23-065140-index.htm

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