---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-048783"
form_type: "8-K"
ticker: "AIRI"
cik: "0001009891"
company_name: "AIR INDUSTRIES GROUP"
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T06:41:54.618538+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Air Industries waives covenant default, receives $1M term loan advance from Webster Bank

## Summary
- Fixed charge coverage ratio default for Q1 2024 waived.
- Additional $1M term loan advance for capital expenditures; annual amortization reduced by ~$135,000.
- Financial covenant metrics lowered for remainder of 2024 and Q1 2025.
- Term loan increase offset by modification to revolving credit availability formula.
- CEO states amendment provides flexibility and liquidity for 2024 growth plans.

## SEC filing metadata
- accession: 0001213900-24-048783
- form_type: 8-K
- ticker: AIRI
- cik: 0001009891
- company_name: AIR INDUSTRIES GROUP
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1009891/000121390024048783/0001213900-24-048783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009891/000121390024048783/ea0207225-8k_airindust.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-048783
- JSON: https://secwatch.observer/filing/0001213900-24-048783.json
- Plain text: https://secwatch.observer/filing/0001213900-24-048783.txt

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