secwatch.observer — SEC 8-K summary
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Issuer:     Korth Direct Mortgage Inc. (—)
CIK:        0001695963
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001214659-23-008490
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 5.01
LLM model:  deepseek-v4-flash:cloud@v2

Korth Direct Mortgage CEO buys 45.8% stake from chairman for $3.3M via note
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- CEO Holly MacDonald-Korth bought 1,100,000 shares at $3.00 each ($3.3M total) from Chairman James W. Korth.
- Purchase price is a 5% ten-year interest-only note secured by a pledge of the shares.
- Post-transaction, MacDonald-Korth owns 45.8% of the company's common stock, becoming its largest shareholder.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1695963/000121465923008490/0001214659-23-008490-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1695963/000121465923008490/p6142308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-008490

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