{"schema_version":"secwatch.filing_event.v1","accession":"0001239819-24-000090","form_type":"8-K","ticker":null,"cik":"0001239819","company_name":"LUNA INNOVATIONS INC","filed_at":"2024-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.402061+00:00","generated_at":"2026-05-31T17:49:20.513610+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Luna Innovations secures $15M White Hat loan with $9M drawn; appoints Kevin Ilcisin CEO","bullets":["Up to $15M delayed-draw term loan with White Hat Capital; $9M drawn at July 19 closing.","Loan matures Dec 31, 2024 (extendable to Apr 30, 2025 on sale milestones); interest at SOFR+10% (12% during extension).","Obligations secured by second-priority lien on substantially all assets; mandatory prepayment from sale proceeds.","Kevin Ilcisin named President & CEO effective Aug 1, 2024; also appointed to Board as Class I director.","Ilcisin base salary $133,330/month ($100K cash + $33K deferred), target bonus $396K, and 628,141 RSUs granted."],"urls":{"canonical":"https://secwatch.observer/filing/0001239819-24-000090","json":"https://secwatch.observer/filing/0001239819-24-000090.json","markdown":"https://secwatch.observer/filing/0001239819-24-000090.md","text":"https://secwatch.observer/filing/0001239819-24-000090.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1239819/000123981924000090/0001239819-24-000090-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1239819/000123981924000090/luna-20240723.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T17:49:20.513610+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":"2aabed5f52","claim":"Kevin Ilcisin was appointed as President and Chief Executive Officer at LUNA INNOVATIONS INC.","evidence_excerpt":"On July 23, 2024 the Company announced the appointment of Kevin Ilcisin as the Company’s President and Chief Executive Officer, effective as of August 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1239819/000123981924000090/0001239819-24-000090-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"b3df7278b7","claim":"Kevin Ilcisin was appointed as Class I director at LUNA INNOVATIONS INC.","evidence_excerpt":"the Company’s Board of Directors (the “ Board ”) has approved the appointment of Mr. Ilcisin to the Board, effective on August 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1239819/000123981924000090/0001239819-24-000090-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class I director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}